Table of Contents

ICICI Personal Loan Highlights What are the Types of ICICI Personal Loan?ICICI Bank Personal Loan Processing Fees How to Calculate ICICI Personal Loan EMI?ICICI Personal Loan Eligibility Criteria Documents Required for Personal Loan in ICICI Bank How to Apply for an ICICI Personal Loan Online?How to Check ICICI Personal Loan Status Online?How to Download ICICI Personal Loan Statement Online?ICICI vs Other Banks Interest Rates (2025 Rates)ICICI Personal Loan Customer Care & Contact Details ICICI Personal Loan vs. NoBroker Cash Loan - Which is Better?Get Instant Cash with NoBroker InstaCash Frequently Asked Questions

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Home Blog Cash Loan ICICI Personal Loan Interest Rate

ICICI Personal Loan Interest Rate: Eligibility, Documents Charges & Loan Process in 2025

Published : September 18, 2025, 12:23 PM

Updated : September 18, 2025, 12:23 PM

Author : Vivek

Cash Loan

Personal Loan

2882 views

Summary

ICICI personal loans start at 10.60% per annum, offering financing up to ₹50 Lakh with flexible repayment terms of 12–72 months. With instant disbursal for pre-approved applicants, transparent charges, and a smooth digital process, ICICI delivers convenience and affordability. Its multiple loan options, competitive rates, and strong customer support make it a reliable choice for covering education, home renovation, debt consolidation, and other financial needs.

Table of Contents

Managing finances becomes easier when flexible lending options are available for both planned and urgent needs. Among these, the ICICI personal loan interest rate plays a crucial role in determining repayment comfort, with rates starting from 10.60% per annum. Borrowers can choose tenures extending up to six years, making it suitable for home renovation, debt consolidation, education, or other life events. With its streamlined digital process and reliable banking support, ICICI Bank ensures that accessing funds remains quick, transparent, and aligned with modern financial requirements.

ICICI Personal Loan Highlights

This table provides a consolidated overview of the key features and terms associated with an ICICI Bank personal loan.

Feature	Details
Loan Amount	Up to ₹50 Lakh
Interest Rate Range	10.60% – 16.50% p.a. [3]
Tenure	12 to 72 months (1 to 6 years) [3]
Processing Fee	Up to 2% of the loan amount + applicable taxes [3]
Prepayment Charges	5% of the outstanding principal (NIL after 12 EMIs) [3]
Approval Time	Instant for pre-approved customers; a few days for others

What are the Types of ICICI Personal Loan?

ICICI Bank offers several types of personal loans, each designed to cater to the specific financial circumstances and needs of different customer segments.[3]

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Loan Type	Loan Amount	Interest Rates (p.a.)	Tenure	Processing Fees	Approval time
Pre-approved Loans	Up to ₹50 Lakh	Typically lower, starting from 10.60%	1 to 5 years	As per bank policy	Instant (3 seconds)
Insta Personal Loan (Flexi Cash)	Overdraft facility	Based on the customer profile	Revolving credit	₹1,999 + taxes	Instant
Top-up Personal Loan	₹50,000 to ₹25 Lakh	Based on existing loan terms	Varies	As per bank policy	Quick
Loan for NRI customers	Up to ₹10 Lakh	Starts from 15.49%	Up to 3 years	As per bank policy	Varies

ICICI Bank Personal Loan Processing Fees

It is important to be aware of the various fees and charges associated with an ICICI personal loan to understand the total cost of borrowing.[1]

Charge Type	Amount / Rate
Processing Fee	Up to 2% of the loan amount + applicable taxes.
Prepayment Charges	5% of the outstanding principal amount + applicable taxes.
Foreclosure Charges	NIL after 12 EMIs have been paid.
Late Payment Penalty	5% per annum is charged on the overdue EMI amount.
EMI Bounce Charges	₹500 per instance + applicable taxes.
Loan Cancellation Charges	₹2,500 if cancelled after the 15-day free-look period.
Stamp Duty	As per the applicable state laws.

How to Calculate ICICI Personal Loan EMI?

Calculating your Equated Monthly Instalment (EMI) is crucial for financial planning. The ICICI Bank personal loan EMI calculator uses a standard formula to determine your monthly outgo.[4]

The formula for EMI calculation is: EMI = [P x R x (1+R)^N] / [(1+R)^N-1] Where:
- P is the Principal loan amount.
- R is the monthly rate of interest.
- N is the number of monthly instalments (tenure).
Example: For a loan of ₹5 lakh at an 11% annual interest rate for 5 years (60 months):
The calculated EMI would be approximately ₹10,871.

ICICI Personal Loan Eligibility Criteria

To apply for a personal loan, applicants must meet the specific ICICI Bank personal loan eligibility criteria set by the bank for different employment types. [2]

For Salaried Individuals

Age: 23 to 58 years.
Monthly Income: Minimum of ₹30,000.
Work Experience: Total of at least 2 years of employment.
Residence Stability: Must have lived at the current residence for at least 1 year.

For Self-Employed Individuals

Age: 28 to 65 years (25 for doctors).
Business Turnover/Profit: Varies based on profession; for example, a minimum profit of ₹2 Lakh for professionals.
Business Stability: Minimum of 5 years in the current business (3 years for doctors).
Credit Score: A strong CIBIL score for an ICICI personal loan (typically 700 or above) is essential.

Documents Required for Personal Loan in ICICI Bank

A standard set of documents is required to process your personal loan application. Having these ready can expedite the approval process. [2]

The primary documents required for a personal loan in ICICI Bank are:

Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID.
Address Proof: Aadhaar Card, Utility Bill, or Passport.
Latest 3 months' salary slips and bank statements showing salary credits.
Latest Income Tax Returns and audited financial statements.
Recent passport-sized photographs.

How to Apply for an ICICI Personal Loan Online?

The ICICI Bank personal loan application process is designed to be simple and digital, allowing for quick application from anywhere.

Step 1: Navigate to the personal loan section on the ICICI Bank website.
Step 2: Enter your personal, employment, and financial details in the online application form.
Step 3: Upload scanned copies of the required documents, such as your ID proof, address proof, and income statements.
Step 4: Submit the completed form. The bank will review your application and documents.
Step 5: Upon successful verification and approval, the loan amount will be disbursed directly to your bank account.

How to Check ICICI Personal Loan Status Online?

After applying, you can easily track your application. The ICICI Bank personal loan status check can be done through the bank's digital channels. [3]

Step 1: Visit the official bank website and find the "Track Application" or "Loan Status" option.
Step 2: Input your application reference number, registered mobile number, and date of birth as required.
Step 3: The system will display the current status of your application, whether it is under review, approved, or requires further information. You can check the ICICI personal loan status by application number for precise tracking.

How to Download ICICI Personal Loan Statement Online?

Accessing your loan statement is simple with the bank's digital services. The ICICI personal loan statement download feature helps you keep track of your repayments. [3]

Step 1: Access your ICICI Bank internet banking account using your user ID and password.
Step 2: Find the "Loans" or "My Accounts" section and select your personal loan account.
Step 3: Choose the option to view or download your loan statement and select the desired time period.
Step 4: The ICICI Bank personal loan statement will be generated in PDF format for you to save or print.

ICICI vs Other Banks Interest Rates (2025 Rates)

When considering a personal loan, it's wise to compare interest rates from leading banks. The ICICI Bank personal loan interest rate is competitive in the market.

Bank	Personal Loan Interest Rate (p.a.)	Unique Selling Proposition (USP)
ICICI Bank	10.60% – 16.50%	Fast disbursal, especially for pre-approved offers; flexible loan products.
HDFC Bank	10.50% onwards [5]	Wide reach and quick processing for existing customers.
SBI	10.05% onwards [6]	Lower rates for government and PSU employees.
Axis Bank	9.99% onwards [7]	Competitive rates and flexible tenure options.
Kotak Mahindra Bank	9.98% onwards [8]	Quick online process and attractive offers for their customers.

ICICI Personal Loan Customer Care & Contact Details

For any queries or assistance, ICICI Bank personal loan customer care can be reached through multiple channels.

Phone Banking Numbers: Customers can call the ICICI personal loan contact number at 1860-120-7777 for any city.
Email Support: Queries can be sent through the "Email Us" option on the bank's official website.
Branch Visit: You can visit any ICICI Bank branch for in-person assistance with your personal loan queries.

ICICI Personal Loan vs. NoBroker Cash Loan - Which is Better?

When in need of funds, it's beneficial to compare traditional bank loans with modern fintech solutions like NoBroker InstaCash.

Feature	ICICI Personal Loan	NoBroker InstaCash
Approval Time	Instant to a few days	Instant (within minutes)
Loan Amount	Up to ₹50 Lakh	Up to ₹10 Lakh
Eligibility	Based on salary, CIBIL score, and employment history.	Primarily based on your monthly rent payments.
Documentation	Requires income proof, bank statements, etc.	Minimal; primarily requires a rental agreement.
Collateral	Unsecured	Unsecured

Get Instant Cash with NoBroker InstaCash

Sometimes, immediate financial needs cannot wait for lengthy approval processes or extensive paperwork. Instead of relying only on options tied to the ICICI personal loan interest rate, NoBroker InstaCash provides a faster, hassle-free solution. With instant cash availability of up to ₹10 lakh linked to rental payments, the process is entirely digital and requires minimal documentation. It offers speed, convenience, and transparency, making it a smarter choice for emergencies and short-term expenses where quick access to funds matters more than traditional borrowing procedures.

Frequently Asked Questions

Q1. What is the ICICI personal loan interest rate in 2025?

Ans. The ICICI personal loan interest rate for 2025 typically ranges from 10.60% to 16.50% per annum, depending on the applicant's credit profile and other factors.

Q2. What CIBIL score is required for an ICICI personal loan?

Ans. A CIBIL score of 700 or above is generally required to get approval for an ICICI personal loan and to be eligible for better interest rates.

Q3. How to check ICICI personal loan status?

Ans. You can check the ICICI Bank personal loan application status online via the bank's website using your application number or by logging into the iMobile app.

Q4. How can I download the ICICI personal loan statement?

Ans. You can easily download your loan statement by logging into your ICICI Bank internet banking or the iMobile app and navigating to the loans section.

Q5. How long does ICICI take to process a personal loan?

Ans. The ICICI Bank personal loan processing time is instant (within 3 seconds) for pre-approved customers. For others, it typically takes a few working days.

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Vivek,Author

With over 23 years of experience in Real Estate, and an architecture degree, Vivek is here to help others buy/sell or rent the right way. Through his writing you will find out what people look for, and what you can do to get the best out of your home, and also how to get the best for your home.

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