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Rate of interest

The interest rates range between 10.80% and 16.15% per annum. The actual rate of interest offered to an individual depends on various factors like credit score, income and the policies of ICICI Bank. To find the most suitable repayment plan, use the ICICI Bank Personal Loan EMI Calculator. Here's a quick example to illustrate:

Loan Amount (Principal) (Rs) Interest Rate Tenure (Years) Monthly EMI (Rs) Total Interest Paid (Rs) Total Repayment Amount (Rs)
50,000 11% 3 1,636.94 8,929.69 58,929.69
50,000 11% 5 1,087.12 15,227.27 65,227.27

Processing fee

  • The processing fee for this loan can go up to 2.50% of the loan amount along with any applicable taxes. These fees cover the administrative costs involved in processing the loan application.


  • The loan tenure or the duration for which the loan can be availed ranges from 12 months to 72 months. Borrowers can choose a repayment period that suits their financial situation and comfort.

Eligibility Criteria and Documents Required

The documents required for a Personal Loan application are minimal. You may submit the necessary documents online to complete the application and verification process. 

Documents Required

For salaried individuals:

  • Identity proof: Aadhaar Card or PAN Card
  • Salary slips of the last 3 months

For self-employed individuals:

  • KYC documents: Identity proof, address proof and date of birth proof
  • Address Proof: Latest utility bill, passport or Leave and Licence Agreement
  • Latest Bank Statement of 6 months
  • Audited financials of the last 2 years
  • Office address proof
  • Proof of office or residence ownership
  • Proof of business continuity


Personal Loan Eligibility

ICICI Bank offers Personal Loans exclusively to salaried individuals and self-employed individuals. Existing ICICI Bank customers can conveniently assess their eligibility for a Pre-approved Personal Loan using the iMobile Pay app or Net Banking platform. These channels allow for a swift review of eligibility criteria for Personal Loans.

To qualify for a Personal Loan, applicants must meet the following criteria:

Profession: Salaried employees, self-employed professionals and non-professionals

  • Age: 20 years to 58 years for salaried employees, 28 years to 65 years for self-employed professionals and 25 years to 65 years for doctors
  • Income: Minimum monthly salary of Rs 30,000 for salaried individuals, minimum turnover of Rs 15 lakh for self-employed professionals and turnover of at least Rs 40 lakh for non-professionals
  • Experience: At least 2 years of job experience for salaried applicants, at least 5 years for business owners and at least 3 years for doctors
  • Duration in the current residence: At least 1 year
  • Minimum profit after tax: At least Rs 2 lakh for self-employed individuals and proprietorship firms and Rs 1 lakh for non-professionals.

Note: The minimum income criteria for eligibility of salaried individuals vary based on the customer's profile, including factors like the type of employer and any existing relationship with ICICI Bank.

To apply for ICICI Bank Personal Loan, visit, navigate to the Personal Loans section and complete the online application form. Provide necessary details and submit required documents for income and identity verification. You can also track your application status online.

Read More

Loan selection assistance

The calculator helps in selecting the most appropriate loan by offering a clear understanding of EMI variations across different loan amounts, interest rates and tenures.

  • EMI Calculator
    Check your monthly EMI
  • 50,000
  • 50,00,000
  • 10.80%
  • 16.15%
  • 12
  • 72














How does it work?

By inputting specific loan details such as amount, interest rate and tenure, the calculator swiftly computes the EMI and total interest payable. Borrowers can adjust these variables to explore various repayment scenarios, assisting in informed financial planning.

Personal Loan EMI Calculator

With the help of ICICI Bank Personal Loan EMI Calculator, you can calculate your Equated Monthly Instalment (EMI) for a Personal Loan. This calculator considers loan amount, interest rates and tenure to determine the monthly repayment amount and total interest payable over the loan duration.

Determining applicable Rate of Interest (ROI)

The applicable ROI relies on various factors including credit score, loan amount, tenure and individual profiles. The calculator does not provide the exact rate but helps to estimate payments.

ICICI Bank Personal Loan of Rs. 50,000 offers a flexible and quick solution for unexpected financial needs with manageable interest rates and minimal documentation. It is an ideal choice for immediate financial assistance without collateral.