Personal Loans

What are the minimum and maximum loan amounts?


You can avail of loans ranging from Rs 50,000/- to Rs 15,00,000/- depending on your eligibility, income and repayment capacity.

What are the loan tenure options?


The loan can be repaid over a period of 12 to 60 months.

Are there any additional charges?


A processing fee of 2% to 2.25% depending on the company you are employed in and location of the loan will be levied. This fee will be deducted from the disbursal amount payable to you.

How much time will it take for my loan to be approved?


Loans are approved within 72 hours of submission of complete documentation.

Do I have to provide any security, collateral or guarantors?


No security, collateral or guarantors are required for obtaining Personal Loans.

How do I repay the loan?


You can repay the loan in Equated Monthly Installments (EMI's) through post-dated cheques favouring ICICI Bank Limited, or if you have an ICICI Bank account you can mandate us to directly debit the same or by ECS ( Electronic Clearing Services) with any other Bank

Can I prepay my loan?


Yes, you can prepay the entire loan outstanding anytime after paying 6 installments. Prepayment charges as applicable would be levied on the outstanding loan amount. No part prepayment is allowed.

How do I approach ICICI Bank for a Personal Loans?


You can approach us in any of the following ways

Can I get a Personal Loan for business purpose?


Yes we offer Personal Loan for business purpose, to self employed individuals as well.

What is the procedure to prepay my Personal Loan?


For prepayment of your Personal Loan account, please visit our nearest ICICI Bank branch. We request you to carry with you the following documents to complete the process:

  • Bank statement reflecting the clearance of the last installment
  • Request Letter signed by the loan applicant
  • Pre-payment Statement (Place request using the Email Us option)
  • PAN Card (if the mode of payment is cash and the amount is more than Rs.50,000)
  • Payment can be made through cash, cheque or demand draft.

How can I prepay my Personal Loan as I am unable to visit branch?


In case you are unable to visit our branch for prepayment of your loan, you can send your representative along with an authority letter duly signed by the loan applicant, for payment. The co-applicant or third party visiting the branch for closing the loan needs to carry the documents mentioned below:

  • Main applicant Identification proof (Driving License or Passport or Voters card or PAN Card)
  • Authorisation letter from main applicant.

Do you offer top up on existing Personal Loans?


We offer Top Up facility if you have paid 12 EMI on the existing Personal Loan.

Do you offer Balance Transfer facility ?


We offer Balance Transfer Facility if you have paid 12 EMI. Please contact your nearest branch or our call center for further details.

How can I obtain my un-banked PDC or Security PDCs?


In the event of the applicant's/s' wishes: to procure the post-dated cheques and / or security post dated cheques that remain un-banked at the end of the loan tenure / change of repayment mode; or details of such un-banked post dated cheques and / or security post dated cheques, the applicant/s must make a request for the same, within thirty days of closure of loan / change of repayment mode. If this is not done, ICICI Bank shall have the discretion / responsibility to destroy the un-banked post dated cheques including security post dated cheques without any further notice and ICICI Bank shall not have the obligation to return the same to the Applicant/s.

How do I update my mailing address, mobile number or e-mail ID registered under my loan account?


You may update your mailing address, mobile number or e-mail ID through any of the following modes:

  1. Through Internet Banking:

    STEPS:
    • Login to www.icicibank.com with your user ID and password
    • Click on the "Loans" option
    • Click on the "Requests" option
    • Select the option "Request for Address Change" or "E-mail and contact number updation"
  2. Through our Customer Care:
    • Call our 24-hour Customer Care and our executive will be glad to help you. To know the customer care number please click here.
  3. At any ICICI Bank branch:
    • Visit any ICICI Bank loan branch with a valid photo ID proof and submit an application.

Apply online for an ICICI Bank Personal Loan


With ICICI Bank Personal Loans, you can get instant money for a wide range of your personal needs like renovation of your home, marriage in the family, a family holiday, your child's education, buying a laptop, medical expenses or any other emergencies.

With minimum documentation, you can now avail a personal loan for an amount up to Rs. 15 lakhs at attractive rates of interest.

 

Please click here if you want to Apply for ICICI Bank Personal Loans.

 

Alternatively, the forms are available at our Branches. You can fill the form out and submit it at the nearest Branch.