Personal Loan Interest Rates and Charges

Personal loan interest rates and charges in India based on type of credit facility. Indicative lending rates effective from November 7, 2016.

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Type of credit facilityInterest Rate and Charges Applicable
Personal Loans 11.59% to 22.00% per annum
Loan Processing Charges / Origination Charges (Non-Refundable) Upto 2.25% per annum of loan amount plus service tax
Prepayment Charges 5% per annum of principal outstanding plus service tax
Additional Interest on late payment 24% per annum
Repayment Mode Swap Charges ₹ 500/- per transaction plus service tax
Amortisation Schedule Charges ₹ 200/- per schedule plus service tax
Statement of Account Charges ₹ 200/- per schedule plus service tax
Prepayment/Foreclosure Statement Charges ₹ 100/- per schedule plus service tax
Duplicate No Objection Certificate/ No Due Certificate ₹ 500/- per NOC plus service tax/₹ 200/- per NDC plus service tax
Duplicate Prepayment/Foreclosure Statement Charges ₹ 200/- per schedule plus service tax
Loan Cancellation Charges ₹ 3000/- plus service tax
^EMI Bounce Charges ₹ 400/- per bounce plus service tax



  • Specific interest rate applicable to a customer would be dependent on segment, asset category and location.
  • ICICI Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion.
  • Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges at the discretion of ICICI Bank ltd.
  • The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over this site.
  • ^Effective for loans availed from August 1st, 2009. For loans availed prior to the said date, the cheque return charge is ₹ 200 + applicable service tax
  • Current Service Tax applicable is 15.00% with effect from June 01, 2016.

Service Charges & Fees for Personal Loans

Enclosed find the service charges for an ICICI Bank Personal Loan

  • Prepayment of the loan is possible post payment of 6 EMIs of the existing loan.
  • Prepayment charges as applicable would be levied on the outstanding loan.
  • Part prepayment facility on the loan is not available.

Interest Rate Range for Personal Loans for period July 2016 – September 2016:

Type of credit facilityMaxMinMean
Personal Loans 21.99% 11.48% 13.77%



  • It includes various categories like loan amount, customer relationships, type of corporate/business, etc
  • It excludes subsidy, government schemes
  • Mean rate = Sum of rate of all loan accounts / Number of all loan amounts

Annual Percentage Rate

The Annual Percentage Rate (APR) is a method to compute annualised credit cost which includes interest rate and processing fee.


The APR calculator does not include charges such as prepayment charges, etc.


To calculate the same, please click here to download the APR calculator.