Being one of the Big Four Banks of India, here is the ICICI Bank personal loan at interest rates starting as low as 10.85% per annum and up to 16.65% p.a. Its presence in 17 countries and more than 5000 branches across India enables you to avail loans from your home or office. With flexible tenure options, your job will double.

Read the page below to learn more about features and benefits.

ICICI Personal Loan Interest Rate 2025

Applying for a personal loan is easy, but you should always know the interest rates that ICICI Bank offers on your loan before you apply for it. The reason is that the rate sets the tone of your loan repayment. Currently, ICICI Personal Loan Interest Rates are starting from 10.85% p.a to 16.65% p.a. to eligible applicants. The rates are pretty low, thereby enabling repayment in pocket-friendly EMIs.

Particulars	Details
Interest Rates	Between 10.85% and 16.65% per annum
Loan Amount	Up to Rs. 50 Lakh
Loan Tenure	12 months to 72 months
Processing Fee	Up to 2% of the loan amount + GST
Prepayment Charges or Foreclosure charges	3% of principal outstanding + GST Nil after 12 EMIs. BIL ≤ Rs.50L: Nil charges for micro & small enterprises with URC; not applicable to medium enterprises.

Different Types of Personal Loan by ICICI Bank in India

The best part of an ICICI Bank personal loan is its flexibility, you can use the funds for any purpose, unlike a home or car loan. Below mentioned are the types of personal loans offered by ICICI Bank - 

1. ICICI Bank Marriage Loan
2. ICICI Bank Home Renovation Loan
3. ICICI Bank Personal Loan For NRIs
4. Top Up On ICICI Bank Personal Loan

ICICI Bank Marriage Loan

ICICI Bank offers Marriage Loans from Rs.50,000 to Rs.50 lakh at interest rates starting from 10.85% p.a., with minimal documentation and no collateral required.

Marriage Loan Eligibility of ICICI Bank

• Eligible Applicants: Employees of select Private Limited Companies and Public Sector Undertakings (central, state, and local bodies).
• Age Limit: 20 to 58 years
• Work Experience: Minimum 2 years, with at least 1 year in the current job.

ICICI Marriage Loan Interest Rates & Charges

Interest rates and charges determine your total loan repayment. Here are the details of Marriage Loan competitive rates and fees:

Feature	Details
Interest Rates	Starting from 10.85% per annum (may vary depending upon the applicant’s profile)
Processing Fees	Up to 2% of the loan amount + applicable taxes.
Tenure	Flexible tenure options from 12 months to 72 months.

Documents required for Marriage Loan under ICICI Bank

Minimal paperwork is required for loan approval. Here are the key documents needed for a Marriage Loan:

Documents required	Salaried individuals	Self-employed professionals
Application form	Required	Required
KYC	Essential	Essential
Identity proof	Aadhaar Card	Aadhaar Card
PAN Card	Required	Required
Income proof	Last 3 months' bank statements or salary slips.	Audited financials for the last 2 years or Bank Statements for the past 6 months.

Home Renovation Loan by ICICI Bank

Turn your house into a dream home with an ICICI Bank Home Renovation Loan, ranging from Rs.50,000 to Rs.50 lakh.

Home Renovation Loan Eligibility:

• Indian citizen aged 20-58 years.
• Minimum monthly income of Rs.30,000.
• Good credit history for faster approval.
• Proof of ownership or co-ownership of the property under renovation.

Documents Required for an ICICI Home Renovation Loan:

• ID Proof: Aadhaar Card, Passport, or Voter ID.
• Address Proof: Utility Bill or Rental Agreement.
• Income Proof: Salary Slips or Latest Bank Statement.

ICICI Personal Loan For NRIs

ICICI Bank Personal Loan for NRIs offers up to Rs.50 lakh for weddings, home renovations, and more.

Interest Rate of ICICI Bank Personal Loan For NRIs

• The personal loan interest rate offered by ICICI Bank for NRIs starts from 10.85% p.a.

Documentation Required for Personal Loans for NRIs & Indian Residents

Non-Resident Indian	Resident Indian
Copy of Passport and Visa	Passport, Driving Licence, Voter ID, NREGA Job Card, or Aadhaar
Bank Statement (NRE/NRO) for 6 months	Last 3 months' bank statement
Salary Slip or Salary Certificate	For Residence Proof, the name of the applicant, co-applicant, or parent
Official or HR Email ID for verification	Note: NRI applicants must have a close relative in India

Top Up On ICICI Personal Loan

Their top-up loan offers flexible financing for your growing needs. You can either consolidate your existing loan with the new one into a single EMI or take a separate loan for the additional amount with separate EMIs.

Benefits of ICICI Bank Top-Up Loan:

• Attractive Interest Rates: Get competitive rates for affordable repayment.
• Loan Amount: Avail Rs.50,000 to Rs.50 lakh as per your needs.
• No Collateral Required: Secure funds without pledging assets.
• Simplified Documentation: Minimal paperwork for hassle-free approval.
• Quick Processing & Disbursal: Fast loan approval and fund transfer.

Note- Terms and Conditions may apply.

Eligibility Criteria For ICICI Personal Loan

For personal loans, ICICI Bank eligibility criteria have been set. For instance, the bank has different criteria for salaried and self-employed individuals. So, before you apply for this credit facility, you should know the same. You can also check your personal loan eligibility online. 

You can check the eligibility criteria for ICICI personal loans below.

Salaried Individuals	Self-employed Individuals and Working Professionals
The age of the loan applicant must be between 20 years and 58 years The minimum net monthly income of the applicant should be Rs. 30,000 Minimum of 2 years of work experience is required.  Note: The minimum salary requirement varies based on the customer’s profile, including employer type and ICICI Bank relationship.	The age of the loan applicant must be between 23 years and 65 years The maximum loan amount should be Rs. 50 lakhs Minimum 2 years experience in business and 3 years experience in total Note: ICICI Bank offers loans to self-employed individuals through Business Instalment Loans.

Document Required For ICICI Bank Personal Loan

Here is the list of the documents you need to upload while applying for the ICICI Bank personal loan –

For Salaried Applicants

For Self-employed Applicants

Identity & Address Proof: Passport, Driving Licence, Voter ID, NREGA Job Card, National Population Register Letter, or Aadhaar (anyone). Bank Statement: Last 3 months (salary/income account). Salary Slip: Last 1 month. Photographs: Recent passport-size.

Identity & Address Proof: Passport, Driving Licence, Voter ID, NREGA Job Card, National Population Register Letter, or Aadhaar (anyone). Income Proof: Audited financial statements for the last 2 years. Bank Statement: Last 6 months. Office Address Proof: Valid documentation is required. Residence/Office Ownership Proof: Proof of ownership is needed. Business Continuity Proof: Required for verification. Conditions apply. ICICI Bank may request additional documents at its discretion.

Calculate your ICICI Personal Loan Monthly EMI

The Personal Loan Eligibility Calculator helps you estimate your loan amount based on income, age, and other factors, making the application process easier and more informed.

Need a quick and accurate EMI calculation? Consider using the Wishfin ICICI personal loan EMI Calculator. The smart algorithms of this magical tool allow you to know the exact EMI in a hassle-free manner.

All you need to do is just enter three details -

1. Loan Amount
2. Tenure, and 
3. Interest Rate 

For a better understanding of the ICICI Bank Personal Loan EMI Calculator, below is a table showing the calculations of a Rs. 5 Lakh loan taken at an interest rate of 10.99% for 5 years.

TENURE	EMI (at 10.85% p.a)	EMI (at 16.65% p.a)	LOAN AMOUNT
1	Rs.44,155.85	Rs.45,519.37	Rs. 5,00,000
2	Rs.23,269.11	Rs.24,637.13	Rs. 5,00,000
3	Rs.16,333.86	Rs.17,739.39	Rs. 5,00,000
4	Rs.12,886.37	Rs.14,337.14	Rs. 5,00,000
5	Rs.10,833.85	Rs.12,332.39	Rs. 5,00,000

Other Charges & Fees of Personal Loan

Here are some of the penalty charges & service charges applicable to ICICI Bank Personal Loans -

Sr. No.	Types of charges	Amount
Penal Charges
1.	Cheque/Auto /Salary Overdraft / Debit/Electronic Clearing Service bounce charges (Late payment fee)	Rs. 500
2.	Charges for late payment	A 5% per annum charge applies to overdue EMI until repayment.
3.	Non-maintenance of Mode of Payment charges	Rs. 800
Service Charges
1.	Loan processing charges (non-refundable)	Up to 2% of the loan amount
2.	Repayment mode swap charges	Rs. 500
3.	Loan cancellation charges	No Cancellation Fee: If canceled within 15 days of disbursement (processing fee non-refundable). Rs.2,500 Cancellation Fee: This applies if canceled after the 15-day cooling-off period.
4.	Part-payment charges	Part Payment Fee: 3% + GST for loans aged up to 24 months. No Charges: Applicable for loans older than 24 months.
5.	Salary Overdraft (Processing Fee)	0.99% of the limit amount (Rs.1,999 min, Rs.2,999 max).
6	Salary Overdraft (Annual renewal fee)	Rs. 1,999
7.	Prepayment statement charges	Rs. 200 for physical printout at the Branch
8.	Amortisation Schedule charges	Rs. 200 for physical printout at the Branch
9.	Loan recovery charges (if applicable)	At Actuals

 

Why Choose ICICI Personal Loan?

A personal loan can be taken for any purpose, be it a wedding, education, medical treatment, or even business needs. An ICICI Bank personal loan helps you meet your diverse financial needs, and the quick approval process ensures you have an easy borrowing experience However, it is very important to know the uniqueness of the personal loan offer. 

So, here are some of the main factors that make personal loans by ICICI Bank stand out.

• Customized Personal Loans: ICICI Bank offers customized personal loans for every applicant. The bank provides a maximum loan amount of up to Rs. 40 lakh. You can also choose the loan repayment option between 12-60 months at your convenience.
• Attractive Rate of Interest: ICICI Bank offers personal loans at interest rates starting from 10.85% up to 16.65% p.a.
• Quick Loan Approval: The online application ensures the loan gets approved and disbursed quickly to the account of individuals. This minimizes the time and effort of individuals while they apply for the loan.
• Minimal Documentation: The documentation process is easy and hassle-free.
• Cover Loan Liability: ICICI Bank offers Personal Loan Liability with ‘All Safe’ Insurance to a personal loan applicant.
• Instant E-Approval: Now, a loan applicant can apply for a personal loan online and get an instant e-approval.
• No Collateral Required: There is no collateral (security) required to get a personal loan from ICICI Bank.

How to Apply Online for ICICI Personal Loan?

Want to apply for an ICICI personal loan online but don’t know how to do so? Well, nothing to worry about, as all you need to do is simply read this. An online application process is very simple & quick and allows you to get the required funds instantly to meet your various needs.

• Choose your loan amount and tenure.

• Enter your personal and work details.

• Review loan amount and tenure.

• Confirm your application.

• Receive loan disbursal.

ICICI Bank Personal Loan Balance Transfer

You can easily transfer your outstanding balance to ICICI Bank if you have paid 12 EMIs in your existing bank. This allows you to avail low interest rates. Availability of this facility helps you save as the low rates reduce EMI, lowering your overall loan burden. What are you waiting for? Use the ICICI Personal Loan Balance Transfer and minimize your loan burden.

Benefits of ICICI Bank Personal Loan Balance Transfer

• Attractive Interest Rate: Enjoy competitive rates for affordable EMIs.
• Top-up Loan Facility: Get additional funds over your existing loan.
• Hassle-Free Transfer: Easy loan transfer with minimal paperwork.
• Increased Tenure: Flexible repayment period for better financial planning.

Summary!

ICICI Bank Personal Loan offers a hassle-free financing solution with loan amounts of up to Rs.50 lakh and flexible repayment tenures of up to 72 months. With attractive interest rates, minimal documentation, and no collateral required, it caters to various financial needs, including weddings, home renovation, and more. You enjoy quick processing, transparent charges, and the option for balance transfers or top-up loans. Apply easily and get fast disbursal to meet your financial goals effortlessly.

To Know More Details:- https://www.icicibank.com/