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Latest Personal Loan Interest Rates

Type of credit facility Interest Rate and Charges Applicable
Personal Loan Interest Rates 10.65% to 16.00% 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 and 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 before the 1st EMI.
EMI Bounce Charges ₹500/- 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
  • Auto Debit Bounce charges: 50 + applicable taxes#

    #Amount will be debited from your savings account.



ICICI Bank offers higher Personal Loan eligibility and lower EMIs at attractive interest rates. Please visit SERVICE & PENALTY CHARGES tab  to know more about the fees and service charges applicable on ICICI Bank Personal Loans.

Disclaimer: The products, services and offers referred to herein are subject to the Terms and Conditions governing them as specified by ICICI Bank from time to time at Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products / services of ICICI Bank.


Personal Loan Service & Penalty Charges


Types of Charges


Penal Charges :


Prepayment / Foreclosure Charges

  1. 3% on principal outstanding amount.

  2. Nil after 12 EMIs paid.

  3. For Business Loans (BIL/BL) <=50 Lakhs i.e. Booked under code ‘UP’, the FC to be considered as “NIL” if first EMI is paid. This is applicable only for Micro and Small enterprises only (subject to URC submission) and not for Medium enterprises.


Cheque /AD/ECS bounce charges

₹. 500/-


Charges for late payment

2% per month on overdue account


SAL OD (Late payment fees)


Service Charges :


Loan Processing Charges

2.5% of loan amount


Repayment mode swap Charges

₹. 500/-


Loan Cancellation charges

₹. 3,000 /- before the 1st EMI.


Sal OD (Processing Fee)

0.99% of limit amount Subject to Min. of

₹. 1,999 /- and Max. of ₹. 2,999 /-


Sal OD (Annual renewal fees)

₹.1,999 /-


Loan related Recovery Charges (If applicable)


Types of Charges



Auction charges for repossessed asset

At actuals


Cash transaction charge for repayment of EMI dues at Branches

₹100 /-


Charges incurred in filing legal suit

At actuals


Charges incurred in SARFAESI proceedings

At actuals


Charges incurred in sending different notices

At actuals


Enforcement charges

At actuals


Non Maintenance of Mode of Payment charges (NMMP)

₹ 800 /-


Overdue Handling Charges (delinquent accounts)

i. ₹ 750 /- where a notice has been delivered at the communication address and a paper publication is not required,
ii. ₹.1,700 /- where no notice has been delivered at the communication address and the paper publication is to be done
iii. ₹.300 /- charge for sending auction notice, over and above the preceding points i and ii
iv. ₹.200 /- for sending loan recall notice over and above the preceding points i and ii


Paper advertisement charges

At actuals


Pick-up charges

₹ 500 /-


Professional charges

At actuals


Repossession charges

At actuals


Security guard charges

At actuals


Yard charges

At actuals



  1. Good Service Tax (GST), Other Government taxes, Levies, etc., will be applicable as per prevailing rates in addition to the above mentioned charges.

  2. Loan Processing Fee (LPF) not mentioned here is part of Rate & Fees matrix communicated to customer at the time of loan application. Please refer for further details.

  3. The charges or fees given in above table are subject to change and the one recorded in loan application / agreement will be final binding.

  4. Stamp duty charges not mentioned here is charged as per actual expenses incurred while procuring the loan facility.

Personal Loan 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.

Please click here to calculate the same and to download the APR calculator.

Personal Loan Interest Rates

Yes, 10% is a good interest rate, this offer depends on the borrower's credit profile and the Bank’s terms and conditions. Review specific interest rates and charges applicable before applying.

No loan has a zero interest rate. However, we may offer promotional 0% interest rates for a limited period on Credit Cards.

To get the lowest interest rate improve your credit score, apply for a loan with a co-applicant and opt for a shorter loan tenure. For more information get in touch with us.