ICICI Bank Personal Loan
ICICI Bank runs one of India's most digital personal-loan journeys. Pre-approved customers can be disbursed via net banking in under three minutes. New-to-bank borrowers get a paperless flow through the iMobile Pay app.
Last updated: 15 June 2025
Interest Rate
10.85% – 16.5% p.a.
Loan Amount
₹50,000 to ₹50 lakh
Tenure
12 to 72 months
Processing Fee
Up to 2.5% (max ₹25,000)
Key features
- Starting rate 10.85% p.a. for eligible salaried customers
- Loan amount up to ₹50 lakh for top-tier profiles
- Tenure 12 to 72 months
- Insta-loan for pre-approved ICICI savings-account holders
- No collateral or guarantor required
Fees and charges
| Charge | Amount |
|---|---|
| Processing fee | Up to 2.5% + GST |
| Foreclosure charges | 5% of outstanding principal + GST |
| Part-payment | Not allowed |
| EMI bounce | ₹500 per bounce + GST |
Eligibility at ICICI Bank
- Age 23 to 58 years for salaried
- Minimum net monthly income ₹30,000 (₹40,000 in top cities)
- Minimum 2 years of work experience
- Credit score of 720+ preferred
How to apply
Existing ICICI Bank customers can log in to net banking or the iMobile Pay app and check pre-approved offers. New-to-bank applicants can apply on the ICICI Bank website, upload KYC and income proof, and receive an in-principle decision within minutes.