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ICICI BANK Personal Loan

Personal Loan

Personal Loan is an unsecured loan that caters to all your financial needs such as travel, home renovation, applying online courses, medical emergency or wedding. You can easily apply for an ICICI Bank Personal Loan, online up to Rs 50 lakh depending upon your eligibility without any collateral security. With our Personal Loan EMI calculator, you can also check the Personal Loan EMI that you are entitled to pay every month. Also, with our instant Personal Loan online services, you can get access to the funds within 3 seconds.

Benefits and Features of a Personal Loan

  • No restriction on fund usage

There is no restriction to using the funds; you can use the money for paying your child’s education fees, meet wedding expenses, buy an expensive lifestyle product, go on a vacation etc. No matter what your purpose of applying for a Personal Loan, you can get a loan of up to Rs 50 lakh. 

  • Instant approval

At ICICI Bank, we ensure that you have a stress-free borrowing experience. Once approved, the funds are credited in your account within three seconds. 

  • Flexible tenure

We give you the flexibility to choose the loan tenure; you can apply for a loan from 12 to 72 months, as per your repayment capacity.

  • Online services

At ICICI Bank, we have a seamless Personal Loan application process, and your loan application is granted with just a few clicks. You would need to give your location address and select a few details like the loan amount and your preferred tenure, along with a few more steps. In case of any queries you can seek assistance from ICICI Bank 24 x 7.

  • Minimum documents

We have a minimal documentation process, which makes the application process a breeze for all.

  • Fixed Interest

The interest rates for ICICI Bank Personal Loans are calculated, basis fixed interest rates and not floating interest rates, so the interests do not vary for the entire loan tenure.

  • No collateral needed

For Personal Loans, we don’t ask for any collateral or security.

Personal Loan Eligibility Criteria

To apply for a Personal Loan, you must be

  • Over 21 years old and a resident of India

  • Salaried individual, having a regular monthly income.

  • Having a good bureau score

  • Having a Savings Account with any of the banks in India


  • Loan for Medical Emergency

Medical emergency can emerge anytime and erode your savings. It not only affects you financially but also affects your mental well-being. The only way to pay for your medical bills without disturbing your savings is to opt for a loan for medical emergencies. With ICICI Bank, you can avail a Personal Loan for medical emergencies and safeguard your savings.

  • Loan for marriage expenses

Wedding is a one-time affair, and it shouldn’t be anything short of what you’ve dreamed it to be and can be possible with a Personal Loan. Taking a loan for a wedding helps you keep your savings intact while you can still get it the way you wanted. Avail a Personal Loan for a wedding and have the wedding of your dreams.

  • Home renovation

Turning your house into a home could be expensive, but it’s worth it. We make it easier for you with ICICI Bank’s Personal Loans. This home renovation loan can also be taken over and above your Home Loan. So, avail a Personal Loan for renovating your home from ICICI Bank and transform it the way you wanted.

  • Loans for appliances and gadgets

It’s time to upgrade your appliances and gadgets for a smooth lifestyle, which can be done with an ICICI Bank’s Personal Loan. Make the process smoother by availing a Personal Loan for home appliances from ICICI Bank. You can utilise the loans for buying gadgets, home appliances or upgrade your freezer and much more.

  • Loan for Travel

Travelling experiences are priceless and every travel enthusiast would agree that taking a Personal Loan for travel is worth it. Most of us try to save a part of our funds for travelling, which may not suffice for the entire trip. A loan for travel can substitute any shortage, so you can have fun. Avail a Personal Loan to travel and enrich yourself with unforgettable memories.

  • Loan for online courses

Upgrading your skills is easier than ever, so why let low funds be a hindrance? You can always upgrade your skills by taking a Personal Loan for online courses. In fact, if you wish to get a higher degree you can do that by taking a Personal Loan for education. Avail a Personal Loan for online courses and upgrade your skills now.

Personal Loan EMI Calculator

Planning to take a Personal Loan? Use this Personal Loan EMI Calculator to estimate the EMI amount payable per month to repay the Personal Loan. The Personal Loan EMI Calculator is easy to use. All you need to select is the: Loan amount ranging from ₹ 50,000 to ₹ 50 lakh, Attractive Interest Rates, Loan Tenure (ranging from 12 – 72* months). After selecting the Loan Amount, Interest Rate per annum and the Loan Tenure, the calculator will estimate the monthly EMI amount and the total Interest payable till the end of the loan tenure.

Personal Loan Eligibility

ICICI Bank offers Personal Loan to salaried individuals. You may quickly check your Personal Loan eligibility criteria if you are an existing ICICI Bank customer. Personal Loan eligibility for a Pre-approved Personal Loan can be checked through the iMobile Pay app and/or Net Banking platform.

Eligibility Criteria for Salaried

**The minimum salary requirement will differ depending on the profile (Type of employer, having relationship with ICICI Bank etc.) of the customer.

Eligibility Criteria for Self Employed

**The minimum salary requirement will differ depending on the profile (Type of employer, having relationship with ICICI Bank etc.) of the customer.

  • New Personal Loan

Looking for a fresh Personal Loan? Check your eligibility by filling personal and professional details and select a loan amount, which suits your requirement.

  • Top-up Personal Loan

Need more funds over and above your existing Personal Loans from ICICI Bank? Opt for our Top-up Loan at attractive rates of interest.

  • Personal Loan Balance Transfer

Do you have an existing Personal Loan from another bank? Transfer your existing Personal Loan to ICICI Bank at a lower rate of interest.

  • Fresher Funding

Looking for a Personal Loan, just after your first salary at your first job? Check your eligibility now and fulfil your dreams with Personal Loan.

  • Flexicash

Looking for a short-term instant credit? Avail of a line of credit overdraft facility and pay interest on the amount you use and for the period you use it for.

  • NRI Personal Loan

Are you working abroad and looking for a Personal Loan? Apply for a collateral free Personal Loan with a simplified documentation process.

  • Pre Qualified Loan

Looking for personalised offers with minimal documentation? Apply now, and get the benefit of an online easy application process.

  • Pre Approved Instant Personal Loan

Looking for an instant Personal Loan in just few clicks? Check your eligibility for a pre-approved offer and avail of a Personal Loan within just 3 seconds.

  • Business Loan

Are you a self-employed professional looking for a loan? Apply for an unsecured loan, similar to a Personal Loan; but specifically designed for your business use.

Personal Loan Interest Rates

Personal loan interest rates and charges in India based on the type of credit facility.


  • The specific interest rate applicable to a customer would be dependent on the segment, asset category, and location

  • ICICI Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion

  • GST and other govt. taxes, levies, etc., applicable as per the prevailing rate will be charged over and above these charges at the discretion of ICICI Bank Ltd

  • The charges or fees given in the above table are subject to change and the one recorded in the agreement will be binding over this site

  • Auto Debit Bounce charges: ₹50 + applicable taxes#

    #Amount will be debited from your savings account.

Service Charges & Fees for Personal Loans

Enclosed find the service charges for an ICICI Bank Personal Loan

  • Personal Loans can be foreclosed any time after the payment of the 1st EMI and the applicable charges are 3% + plus applicable taxes.

  • Pre-closure statements are available over the counter at all Asset Servicing Branches

  • NIL Pre-closure charges , if 12 EMIs are Paid.

  • Facility of part pre-payment is not available.


  • GST and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges at the discretion of ICICI Bank ltd.

  • The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over this site.

  • Auto Debit Bounce charges: Rs. 50 + applicable taxes#

    #Amount will be debited from your savings account.

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