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ICICI Bank Ltd
ICICI Bank Ltd

About ICICI Bank Ltd Personal Loan

ICICI Bank is one of India’s largest private sector banks offering entire spectrum of financial products to its customers.  The bank has pan India presence with over 2500 branches and over 12000 ATMs. ICICI bank offers extremely competitive retail banking products to its customers with best in class pricing, service and features.
Key financial terms
Metrics Value
Interest rates Starting 11.49%
Loan range Rs 50,000- Rs 15 lacs
Processing Fee Up to 2.5% of loan
Pre closure charges Up to 5% of outstanding loan amount

Are you eligible for
Icici Bank Ltd Personal Loan?


At least 21 years old

Less than 60 years old

Salaried Min income of Rs. 15000 pm

Self Employed with Min Turnover Rs. 15 lacs

For what purpose can I avail loans from Icici Bank Ltd Personal Loan?

One can avail home loans from Icici Bank Ltd Personal Loan for the following purposes:

Education
Holidays
House renovation
Marriage
Personal emergency
Purchase of consumer durables
Short term loan for equipment purchase
Short term working capital

FAQs about Icici Bank Ltd Personal Loan:

Can I prepay my loan? Are there additional charges for this?

Yes, lenders allow full pre payment of loans but may levy additional charges of up to 5% of outstanding amount on an average. This penalty charge may vary across lenders.

For what purpose can I avail personal loans?

Personal Loans can be availed for purposes like education, marriage, travel, house renovation, buying white goods, working capital finance and personal emergencies including medical

What is a personal loan?

Personal loans are aimed to bridge your short to medium term financial requirements.

What is the maximum tenure for personal loans?

Personal Loan are offered for tenures ranging from 12-60 months on an average.

When can I not avail personal loans?

Personal loans are not offered for investment in speculative instruments. Nor should one use the funds for investment in gold in any form

Know Your CIBIL Score: When considering your eligibility for the loan, all lenders will seek out your CIBIL score to confirm your reliability as a borrower.

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