Type of credit facilityPersonal Loan Interest Rates and Charges Applicable
Personal Loan Interest Rates 10.50% to 19% per annum
Loan Processing Charges / Origination Charges (Non-Refundable) Upto 2.50% of loan amount plus GST
Prepayment Charges 5% on principal outstanding plus GST (for salaried customers)
Nil, if loan is closed using own fund (MSME classified customers)
Additional Interest on late payment 24% per annum
Repayment Mode Swap Charges ₹500/- per transaction plus GST
Loan Cancellation Charges ₹3000/- plus GST
^EMI Bounce Charges ₹400/- per bounce plus GST


  • The specific interest rate applicable to a customer would be dependent on the 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
  • GST and other govt. taxes, levies, etc., applicable as per the prevailing rate will be charged over and above these charges at the discretion of ICICI Bank Ltd
  • The charges or fees given in the above table are subject to change and the one recorded in the agreement will be binding over this site
  • ^Effective for loans availed from Aug 1, 2009. For loans availed prior to the said date, the cheque return charge is Rs 200 + applicable GST
  • The current GST applicable is 18.00%, with effect from Jul 01, 2017
  • Auto Debit Bounce charges: 50 + GST#

    #Amount will be debited from your savings account.
Service Charges; Fees for Personal Loans

Enclosed find the service charges for an ICICI Bank Personal Loan

  • Pre-payment of the loan is possible anytime during loan tenure after payment of 1 EMI with applicable forceclouser charges i.e 5% + GST on principal outstanding.
  • The wavier, 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 usung customer's own funds (Waiver on pre-payment charges is not applicable in cases of balance transfer)
  • Facility of part pre-payments is not available.

Personal Loan Interest Rates for period Jan'22 to March'22

Type of credit facilityMaxMinMean
Personal Loan Interest Rates 16.49% p.a. 10.25% p.a. 13.56% p.a.


  • 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 the interest rate and processing fee.

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

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

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