Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range

Rate of Interest

  • Floating rate of Interest : 10.99 % p.a. to 22.00 % p.a.

Eligibility Criteria

  • Minimum 23 years of age and maximum 65 years
  • Loan period from 1 year to 5 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 1.0 % to 2.25 % depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about ICICI Bank

ICICI bank is the second largest bank in India. ICICI Bank is not only the largest private sector banks in the country but also it is one of the largest facilitators of personal loans in India. ICICI bank offers various loan and personal is one of them it is offers by ICICI bank to help borrowers to ride over any immediate financial requirements. The ICICI Bank offers very lucrative interest rates for personal loans within tenure period ranging between 12 to 60 months.

Your Eligibility depends on following

You should be minimum 23 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Choose longer tenure of loan period maximum upto 5 years
Make your spouse as co applicant , her/his income will also be added in eligibility
EMIs of other loans loweryour eligibility
Choose maximum amount for loan

Rate of Interest and Other Charges for Personal Loan are following

Rate Of Interest:


Loan Type

Rate Of Interest


Personal Loan

10.99 % to 22.00 % P.a.


Existing Loan take over or New Loan

Here are some points for this:

  • Direct credit of the loan amount through Fund Transfer (FT)
  • Quick processing
  • Simple repayment options of ECS, AD or PDC. You can also choose duration as per your choice and tenure starts from minimum 12 months to maximum 60 months
  • Simple documentation - It can be accessed with minimal paperwork and documentation and doesn’t take much time.

Features of Loan

Features Of loan:

  • No security, no collateral
  • Flexible tenures up to 60 months
  • Fixed rate of Interest, Interest charged on monthly reducing basis
  • Repayment through Auto-debit / ECS / PDC
  • Loan payable in easy instalments
  • Multi-purpose personal loan


The documents required for personal loans from ICICI Bank:

For salaried persons:

  • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence: - Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Latest 3 months Bank Statement (where salary/income is credited).
  • Salary slips for last 3 months.
  • 2 Passport Size photographs.

For the self-employed Person:

  • KYC Documents: Proof of Identity; Address proof; DOB proof.
  • Proof of Residence: - Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Income proof (audited financials for the last two years).
  • Latest 6 months Bank statement.
  • Office address proof.
  • Proof of residence or office ownership.
  • Proof of continuity of business.