Service Charges & Fees for Personal Loans

Enclosed find the service charges for an ICICI Bank Personal Loan


  • Personal Loans can be foreclosed any time after the payment of the 1st EMI and the applicable charges are 3% plus applicable taxes on principal outstanding.
  • Pre-closure statements are available over the counter at all Asset Servicing Branches
  • NIL Pre-closure charges , if 12 EMIs are Paid.
  • Facility of part pre-payment is not available.


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Description of Charges Charges applicable
Loan Processing Charges / Origination Charges (Non-Refundable) Upto 2.50% of loan amount
Prepayment Charges For salaried customers, 3% 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
Loan Cancellation Charges ₹ 3000/-
**EMI Bounce Charges ₹ 400/- per bounce
Miscellaneous charges viz. charges incurred in filing legal suit, Non Maintenance of Mode of Payment (NMMP) charges At actuals
Cash transaction charge for repayment of EMI dues at Branches ₹ 100




  • 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: Rs. 50 plus applicable taxes#

    #Amount will be debited from your savings account.

Interest Rate Range for Personal Loans for period April'22 to June'22 :


Type of credit facility Max Min Mean
Personal Loan Interest Rates 19.00% p.a. 10.25% 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 and loans disbursed under Credit Guarantee Scheme (ECLGS) at mandated interest rate of 9.25%



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.



Do I have to pay any additional charges for Personal Loan?
What are the interest rates for PL?
What is a Personal Loan?
How does one avail an instant Personal Loan online with ICICI Bank?
What are the required documents for a Personal Loan with ICICI Bank?
Do I need to provide a security or collateral to apply for a Personal Loan with ICICI Bank?
What is the minimum and maximum amount of Personal Loan offered by ICICI Bank?
What is the interest rate on an ICICI Bank Personal Loan?
What is the repayment tenure of a Personal Loan?
What is the Personal Loan processing time?



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