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ICICI Personal Loan Interest Rate

ICICI Bank offers two personal loan schemes at interest rates between 9.99% p.a. to 16.50% p.a. If you choose to pre-pay the loan amount, you will be charged 3% p.a. of the outstanding loan amount. The processing fee will be waived off, if the borrower has paid 12 EMIs and is using his/her own funds to pre-pay. Part pre-payment facility is not available.

Updated On - 16 Aug 2026

The bank offers a scheme for personal expenditures such as weddings, home renovations, and holidays to salaried individuals. The other scheme is exclusively for self-employed individuals, non-professionals, and doctors.

Particulars	Details
Interest Rate	9.99% p.a. to 16.50% p.a.
Processing Fee	Up to 2% p.a. of the loan amount
Loan Tenure	12 to 72 months
Loan Amount	Up to Rs.50 lakh
Income	Individuals with salaries up to Rs.30,000 p.m.
Total years in profession	2 years
Credit Score	700 and above
Lowest EMI per Lakh	Rs.1,878
Pre-Payment	3% p.a. of the outstanding loan amount
Additional Interest on late payment	24% p.a.

*Note: GST may be applicable over and above the charges mentioned in the table above.

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Personal Loan Schemes under ICICI Bank

Personal Loan Scheme	Best for	Interest Rate
Wedding Loan	Avail loan to meet the cost of a wedding event	10.60% p.a. onwards
Home Renovation	Avail a personal loan to meet the expenses of renovating your house and meet the cost of hiring interior designers, getting raw materials for renovation, etc.	10.60% p.a. - 16.50% p.a
Holiday Loan	Go to your favorite holiday destination by availing a personal loan from the ICICI Bank	10.60% p.a. onwards

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Overview of ICICI Bank Personal Loan Interest Rates

This is a multi-purpose loan scheme that offers up to Rs.50 lakh and can be availed by who earn a minimum of Rs.30,000 per month. ICICI Bank promises to disburse the loan amount in 3 seconds after online verification and final acceptance are done. The loan can be repaid in EMIs during the loan tenure which can be anywhere between 12 months and 72 months.

Fees and charges, besides those mentioned above, are given below:

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Factors affecting Personal Loan Interest Rate

ICICI Bank decides the interest rate applicable on a loan and can change the rate from time to time too. Here are a few factors that determine the rate of interest for your ICICI Bank Personal Loan:

Loan applicant's place of residence
Salary bracket of the individual
Profession of the applicant - salaried/self-employed
Credit score of the loan applicant
Repayment capacity of the person
Loan tenure
Type of loan scheme - Personal Loan/Business Instalment Loan

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ICICI Bank Personal Loan Top-Up

Existing ICICI Bank personal loan borrowers can choose to top-up their personal loan at attractive interest rates. The tenure of the loan will be equal to the existing personal loan and the personal loan top-up can be done with minimum documentation and without the need to submit collateral.

Steps to apply for an ICICI Bank personal loan top-up

Visit the official website of ICICI Bank - https://www.icicibank.com/Personal-Banking/loans/personal-loan/top-up-loan.page
Click on 'apply now'.
Enter a loan amount and tenure.
Enter your mobile number, and other important details.
Once all the details are submitted, ICICI Bank will call-back to proceed with the personal loan top-up.

The personal loan top-up will be sent directly to the bank account of the borrower.

ICICI Bank Personal Loan Balance Transfer

Personal loan borrowers can choose to transfer their existing personal loan balance from another financial lender to ICICI bank to either reduce their EMI or get a better interest rate. Customers can choose to get extra funds as well. To ensure that they are eligible, customers can make use of the balance transfer calculator.

Steps to apply for ICICI Bank personal loan balance transfer

Visit the website of ICICI Bank - https://www.icicibank.com/Personal-Banking/loans/personal-loan/personal-loan-balance-transfer.page
Click on 'apply now'.
Enter a loan amount and tenure.
Enter your mobile number, and other important details.
If you are eligible for the ICICI Bank personal loan balance transfer, the ICICI Bank customer care unit will get in touch with you on the process of submission of the required documents, and other related details.

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A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on ICICI Personal Loan Interest Rates

1.How do I find out how much interest will be charged if take a personal loan?

You will first have to apply for the loan. You can do this either online or offline. The bank will process the loan application and get back to you with the details.

2.How long does ICICI Bank take to process a loan application?

ICICI Bank usually takes 72 hours to process a personal loan application.

3.What are the payment modes through which I can repay my ICICI Bank personal loan?

You can repay your ICICI personal loan through Electronic Clearing Service (ECS), Post-Dated Cheques (PDC), or Standing Instructions (SI).

4.How can I close my ICICI Bank personal loan online?

To pre-close your ICICI Bank personal loan, you will have to visit the nearest branch of ICICI Bank.

5.How can I close my ICICI Bank personal loan before 1 year?

Visit the ICICI Bank branch with the pre-closure request letter, PAN card and close the loan making the payment either by cash, cheque or demand draft. If the payment is more than Rs.50,000, then your PAN will be mandatory.

6.Can I negotiate with ICICI Bank for the personal loan interest rate?

Yes, depending on your relationship with ICICI Bank, your eligibility and income, you can negotiate with ICICI bank for a better personal loan interest rate.

7.Is it possible for non-ICICI Bank customers to get a personal loan from ICICI Bank?

Yes, it is possible.

8.How to check ICICI Bank personal loan balance?

Request the customer care team of ICICI Bank to send you the repayment schedule to your registered email ID to check your personal loan balance.

9.How can I pay my ICICI Bank personal loan EMI?

Existing ICICI Bank customers can pay their EMIs by choosing the auto-debit function using their net banking account. Non-ICICI Bank customers can pay their EMIs through the NACH mandate.

10.How can I pay my ICICI Bank personal loan EMI through net banking?

If you have an existing ICICI Bank current account or salary account, choose the auto-debit mode to pay your EMIs. If note, non-ICICI Bank customers can choose the NACH mandate once they have linked their personal loan to their bank account.

11.How to get ICICI Bank personal loan statement?

ICICI Bank will send you a monthly personal loan statement to your residence or registered email ID.

12.What is the ICICI Bank personal loan disbursement time?

ICICI Bank promises loan approvals within 72 hours and disbursals within 3 seconds.

Important Personal Loan Pages

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

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