Type of credit facilityPersonal Loan Interest Rates and Charges Applicable
Personal Loan Interest Rates 10.75% to 19% per annum
Loan Processing Charges / Origination Charges (Non-Refundable) Upto 2.50% of loan amount plus applicable taxes
Prepayment Charges For salaried customers, 3% plus applicable taxes on principal outstanding after payment of 1st EMI,
Nil if 12 or more EMIs are paid. For MSE classified customers, charges are Nil after payment of the 1st EMI for Loan amount upto 50 lakhs.
Additional Interest on late payment 24% per annum
Repayment Mode Swap Charges ₹500/- per transaction plus applicable taxes
Loan Cancellation Charges ₹3000/- plus applicable taxes
**EMI Bounce Charges ₹400/- per bounce plus applicable taxes


  • 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

  • For pre-payment/ pre-closure of the loan, Zero foreclosure charges are applicable after 12 EMIs. However, foreclosure charges of 3% of the outstanding principal (plus applicable taxes) is applicable if loan is closed within 12 EMIs.
  • The wavier, if any, of the prepayment charges will be applicable provided:
    • Minimum 1st EMI is paid.
    • If 12 EMIs paid then NIL, Pre-payment charges applicable.
    • For MSE (Micro and Small Enterprises) tagged customers, Nil Pre-payment charges subject to loan amount is less than or equal to 50 lac.
  • Facility of part pre-payments is not available.

Personal Loan Interest Rates for period April'22 to June'22 

Type of credit facilityMaxMinMean
Personal Loan Interest Rates 19.50% p.a. 10.90% p.a. 12.54% 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.

Popular Personal Loan FAQs

What are the processing charges for availing of a personal loan?
What is the interest rate for a personal loan?
What is the foreclosure charge for personal loans?
How is the personal loan interest rate calculated?
What is the stamp duty charge for a personal loan?
What will be the foreclosure process for a personal loan with ICICI Bank?
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