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Personal Loan

A Personal Loan from ICICI Bank helps you meet your diverse financial needs during an emergency. It is an unsecured loan and can be used for marriage expenses, paying the medical bills, going for your dream vacation or renovating your home. Irrespective of what your personal financial goals are, ICICI Bank Personal Loan offers you the perfect solution.

Avail of a Personal Loan of up to Rs 25 lakh and meet personal exigencies that can crop up anytime in life. The quick approval process of Personal Loans from ICICI Bank ensures you have an easy borrowing experience. Also, with our instant Personal Loan online services, you can get the funds within 3 seconds.

SMS PL to 5676766

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Personal Loan EMI Calculator

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Service Charges & Fees

Find the service charges for an ICICI Bank Personal Loan

Documents for Personal Loan

Quick, Easy and minimum documentation

Check Personal Loan FAQs

Check our Frequently Asked Questions

Benefits of Personal Loan

Apart from being the most reliable way to get funds for your immediate needs, availing of a Personal Loan has many benefits, which are:

Once your application is approved, the funds are credited to your account within three seconds.
We give you the flexibility to choose the loan tenure. You can apply for a loan from 12 to 72^* months.
Our online services allow you to keep track of the application status and get any assistance you want 24x7.
Minimum documents needed.
The interest rate is fixed and it remains the same throughout the loan tenure.
You need not provide any collateral or security.
The benefits are applicable for select customers upon completion of online verification and acceptance of the final offer.

For assistance, request a callback

Types of Personal loan

Wedding Loan
Holiday Loan
Home Renovation
Top Up Loan
Fresher Funding

Wedding Loan

Make the biggest day of your life the best day with wedding loans

Need urgent cash for venue booking, catering, jewellery, shopping, or guest accommodation? Then it makes total sense to go for a wedding loan. Focus on the biggest day of your life while being adequately prepared for it financially with ICICI Bank Personal Loan.

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Holiday Loan

See new places, meet new people with holiday loans

No place is out of the reach of your loved ones, when our personal loans are with you. Take your much needed holiday and absorb new sights in far-away vistas. All travel expenses i.e. flights, stay, shopping, activities and other bills can now be paid instantaneously with personal loan funds.

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Home Renovation

Upgrade your abode with home renovation loans

Spruce up the look of your abode, carry out vital repairs or get new home furniture, furnishings or fixtures the smart way. Turn your house into a home with ICICI Bank Personal Loan.

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Top Up Loan

Easily meet shortfall in meeting financial needs with top-up loans

Need more money to support your existing ICICI Bank Personal Loans? Opt for top-up loans at attractive rates and fulfill the increased need for money easily. You can either combine it with an existing personal loan or treat it as a separate loan.

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Fresher Funding

Just got your first salary and need a personal loan? Why not?

Who says that your first salary cannot make you eligible for a personal loan? With ICICI Bank Fresher Funding Loan, we make sure this is possible. Get up to Rs. 1,50,000 personal loan without any hassles.

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Personal Loan eligibility

At ICICI Bank, we are committed to making the borrowing easy and accessible for all. We understand your needs, and therefore we have established the eligibility criteria based on simple parameters.

For salaried employees

You must be at least 23 years to be eligible for a Personal Loan and the maximum age limit is 58 years.
You must have a minimum monthly income of INR 30,000.

Apart from the above criteria, we also assess your credit score and existing debts (loans) to determine your repayment capacity.

Check your Loan Eligibility

Personal Loan interest rate

Whether you want to go on an exotic vacation or you want to pay your child’s university fees, you can get a Personal Loan at an affordable interest rate starting from 10.5%^* per annum.

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Frequently Asked Questions (FAQs) for Personal Loan

• How can I apply for a 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. 20 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.

• What are the required documents under each program?

The documents required are KYC Documents + Income Documentation.

• 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. You can Place the request for Top up on existing Personal Loan through the following Channels:

Internet Banking

Log in to www.icicibank.com with your user ID and password--> Main Page --> Select Loans options in My Accounts --> Click on Apply for Loans --> Under Personal loan option - Click on Apply now --> Check the Eligibility and Click on Apply Now

Customer Care:

You may also call our Customer Care (8:00 a.m. to 8:00 p.m.) with your STD code followed by 33667777.

ICICI Bank branch :

Please visit the nearest ICICI Bank Loan servicing branch along with your valid ID proof,Address Proof, 3 Months bank statement in which his salary is credited, Latest 3 months Salary slips and Form -16 for the current / previous financial year.

We request you to look for the nearest ICICI Bank Loan Servicing Branch in our website: www.icicibank.com >> Find ATM/Branch.

• What is Personal Loan EMI Calculator?

EMI is short form “Equated Monthly Instalment” or the Amount that is payable per month if you take a personal loan of a certain amount for a certain period. The calculation of EMI depends on 3 main factors:

Personal Loan Amount – The Rupee value of the loan that you take
Personal Loan Interest Rate – The interest rate that the bank will charge for the Personal Loan
Tenure of Personal Loan – The period for which you take the Personal Loan

Calculate EMI

• What is a personal loan?

A home loan or car loan will allow you to use the money to purchase a home or car respectively, but when you apply for personal loan, it need not be restricted to a specific use. Once the loan is disbursed, you can use it for any purpose as per your particular need.

With a personal loan, you can :

Arrange for holidaying overseas
Buy a large appliance like refrigerator, television or laptop
Plan your marriage function as per your expectations
Spruce up your home interiors through home renovation.

Please click any of the links below for more details.

• Why should you take a personal loan?

These compelling reasons are why your search for personal loan ends with ICICI Bank:

Get flexible tenure up to 60 months
Avail of a fixed rate of interest. Interest will be charged on monthly reducing basis
No need to put up any collateral against the loan
Set up ECS, PDC or auto-debit for automatic repayment of EMI every month
Minimal documentation and hassle-free application makes loan approval and disbursement a breeze
Choose your tenure from 12 to 60 months.

• Do I need to provide any security to apply for a personal loan?

There is no need of security or collaterals required for a perosnal loan.

• How to apply for a personal loan online?

You can make the request for a Personal Loan through the following channels:

Internet Banking: Click here to apply for a Personal Loan
Customer Care: You may call our Customer Care on 1860 120 7777 between 8:00 a.m. and 8:00 p.m.
To know the Customer Care numbers, we request you to click here
ICICI Bank branch: Please visit the nearest ICICI Bank Asset Servicing Branch along with your valid ID proof, address proof, 3 months bank statement in which your salary is credited, Latest 3 month’s salary slips and Form -16 for the current / previous financial year.
We request you to check the nearest ICICI Bank Loan Servicing Branch in our website.

• How to check the status of my personal loan application?

The status of personal loan application can be checked from the below link:

https://loan.icicibank.com/asset-portal/my-applications-login?WT.mc_id=Desk_NLI_FAQ_LnAppSts

• How can I get a personal loan instantly?

If you are an ICICI Bank customer and also eligible for a pre-approved loan, you can get funds directly into your account in just 3 seconds*

*Applicable for select customers upon completion of online verification and acceptance of final offer.

• How can I repay my personal loan?

You can repay the loan in Equated Monthly Instalments (EMIs). If you have an ICICI Bank Account, you can mandate us to directly debit the same through auto debit mandate or if you have an alternate bank account, then through NACH mandate.

• How much can you borrow on a personal loan?

You can avail of loans ranging from Rs 50,000/- to Rs 20,00,000/- depending on your eligibility, income and repayment capacity.

• what is minimum and maximum loan amount to apply for a personal loan?

You can avail of loans ranging from Rs 50,000/- to Rs 20,00,000/- depending on your eligibility, income and repayment capacity.

• What does a personal loan cover?

A home loan or car loan will allow you to use the money to purchase a home or car respectively. The good news is that when you apply for personal loan, it need not be restricted to a specific use. Once the loan is disbursed, you can use it for any purpose as per your particular need.

With a personal loan, you can

Arrange for holidaying overseas
Buy a large appliance like refrigerator, television or laptop
Plan your marriage function as per your expectations
Spruce up your home interiors through home renovation.

What’s more! ICICI Bank offers fresher funding loan to help you avail of a personal loan on your very first salary. With its pre-approved personal loan, the entire processing is completed in just a few minutes. So, hurry and check out the different types of personal loans we offer and apply for one today itself.

• Why ICICI Bank for Personal Loan?

These compelling reasons are why your search for personal loan ends with ICICI Bank:

Use the loan amount for any purpose as per your need
Get flexible tenure up to 60 months
Avail of a fixed rate of interest. Interest will be charged on monthly reducing basis
No need to put up any collateral against the loan
Set up ECS, PDC or auto-debit for automatic repayment of EMI every month.

Is a Personal Loan or a Credit Card better for travelling?

Travelling is a passion and a dream chased by many. Some are happy to do it on a smaller scale, while others aspire to explore the globe. However, taking a trip alone or with family is an expensive affair.

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Is pre-closure of a Personal Loan a good option?

Planning to make a big-ticket item purchase? Getting a Personal Loan is a quick-fix solution. For people who don't want a burden of accumulated debt can opt for pre-closure of their Personal Loan, but that calls for a penalty from the lender. Read further to know whether pre-closure of a Personal Loan is a good option or not.

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What is a Flexi-Personal Loan, and how does it work?

Flexi-Personal Loans have a pre-approved cash limit, enabling you to avail of immediate financial help for unplanned expenses. Read further to know what is a Flexi-Personal Loan and how it works?

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Disclaimer:

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.