Personal Loan Interest Rates

Personal loan interest rates and charges in India based on type of credit facility. Indicative lending rates effective from February 16th 2017.

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Type of credit facilityInterest Rate and Charges Applicable
Personal Loan Interest Rates 11.29% 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 any time during loan tenure subject to payment of standard pre-closure charges of 5% + ST
  • The waiver, if any, of the prepayment charges will be applicable provided:
    • The customer has paid 12 or more EMIs and
    • The pre-payment of the loan is done using customer’s own funds (Waiver on pre-payment charges is not applicable in cases of balance transfer)
  • Facility of part pre-payment is not available.

Interest Rate Range for Personal Loans for period January 2017 – March 2017:

Type of credit facilityMaxMinMean
Personal Loans 22% 11% 14.19%



  • 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.