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.

ICICI Bank Personal Loan - Key Benefits

  • Loan up to Rs. 15 Lakhs
  • No security/guarantor required
  • Faster processing.
  • Minimum Documentation
  • Attractive rates of interest
  • Flexible repayment option of 12-60 months
  • MySavings Reward points on every successful EMI payment through Auto-debit mode.


Click here to calculate the EMI on your Personal Loan.
Click here to check ICICI Bank Personal Loan rates.


*ICICI Bank may, at its sole discretion, utilise the services of external service provider/s or agent/s and on such terms as required or necessary, in relation to its products.



Get Instant Approval

The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.

You can avail of an ICICI Bank Personal Loan if you have an ICICI Bank salary account and if you meet the following criteria:

Criteria* Salaried
Age 23 yrs. - 58 yrs.
Net Salary Net monthly income - Rs. 20,000 p.m.
Eligibilty ICICI bank Salary Account Holder, Customers having asset relationship with ICICI Bank (availed home loan, car loan and/or auto loan),Salaried customers with ICICI Bank savings Account or Salaried customer having no relationship with ICICI Bank
Years in total job / profession 2 Year
Years in current residence 1 Year

Note: * Conditions apply.

ICICI Bank provides Personal Loans to Self-Employed Individuals under Business Installment Loan. To know your eligibility, click here.

Documents ( Pre Sanction)

Salaried

  • Proof of Identity (any one) Passport / Driving License / Voters ID / PAN Card
  • Proof of Residence (any one)/Leave and License Agreement/ Utility Bill / Passport
  • Latest 3 months Bank Statement (where salary/income is credited)
  • Salary slips for last 3 months

*Conditions apply



Get Instant Approval

The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.

The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.

  • 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 location, of the loan amount is payable upfront. 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.

  • In which locations do we offer Personal Loans?

    Presently, we offer Personal Loans in select locations only.

  • Can I get a Personal Loan for business purpose?

    Yes we offer Personal Loan for business purpose or 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 Loan Asset Department. 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 the loans department 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 loan on existing Personal Loan?

    We offer Top Up facility if you have paid 18 months EMI on an existing on the existing Personal Loan.

  • 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:

    a. 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"


    b. 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.

    c. At any ICICI Bank branch:
    Visit any ICICI Bank loan branch with a valid photo ID proof and submit an application.



The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.

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The Privilege Difference

  • Branch Relationship Manager supported with Phone Banking Relationship Manager.
  • Priority processing at all ICICI bank branches and through customer care.
  • A higher daily withdrawal and spend limit on our Titanium debit card.
  • The last time we went for a holiday we saved approximately Rs 3500 through a discount offer on our Privilege Banking Debit Card. With such good offers on dining, shopping, entertainment and travel, I think we will be saving a lot more
    Chinmayee Gangal
    Senior Software Analyst
    Larsen and Toubro Infotech Ltd.