Get Best Gadgets

Personal Loan Interest Rates

Type of credit facilityInterest Rate and Charges Applicable
Personal Loan Interest Rates 10.5% 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 funds (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



  • 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.
  • GST 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 GST
  • Current GST applicable is 18.00% with effect from July 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

  • Prepayment of the loan is possible any time during loan tenure subject to payment of standard pre-closure charges of 5% + GST
  • 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 April'21 to June'21:

Type of credit facilityMaxMinMean
Personal Loan Interest Rates 19.00% p.a. 10.25% p.a. 12.29% 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 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.

Scroll to top