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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) Up to 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 1st EMI for Loan Amount up to 50 lakh
Penal charges on late payment 24% per annum
Repayment Mode Swap Charges ₹500/- per transaction plus applicable Taxes
Loan Cancellation Charges ₹ 3000/- plus applicable Taxes before 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 the processing fee from time to time, at its sole discretion.

  • GST and other Government taxes, levies, etc., applicable as per the prevailing rates will be charged over and above the mentioned charges, at the discretion of the Bank

  • The charges or fees given in the table are subject to change and the charges/fees recorded in your agreement will be binding over the details mentioned here.

  • Auto-debit bounce charges: ₹50 + applicable taxes#

#Amount will be debited from your Savings Account.


Fees and service charges:

ICICI Bank offers a higher Personal Loan amount and lower EMIs at attractive interest rates. Please visit the ‘Service & Penalty Charges’ tab to know more about the fees and service charges applicable on ICICI Bank Personal Loans.

Important Information

In compliance with the Rule 9B of the Prevention of Money Laundering (Maintenance of Records) Rules, you are required to intimate the Bank if there are any changes in your KYC details along with the updated documents (i.e. address, contact details, profile, etc.) within a period of 30 days from the date the changes were made. Once you intimate us, the necessary changes will be updated in the Bank records. Any updates can be intimated to the Bank as per the request provided in the application form.

Disclaimer: The products, services and offers referred to here, are subject to the Terms and Conditions governing them as specified by ICICI Bank from time to time, at . Nothing contained here will 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.


    For Business Loans (BIL/BL) <= ₹50 lakh i.e. Booked under code ‘UP’, the FC to be considered as ‘NIL’ if the first EMI is paid. This is applicable 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 the overdue amount


SAL OD (Late payment of 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 the limit amount subject to a minimum of ₹1,999/- and a maximum of ₹2,999/-


Sal OD (Annual renewal fees)

₹.1,999 /-


Loan related Recovery Charges (If applicable)


Types of Charges



Auction charges for the repossessed asset(s)

At actuals


Cash transaction charges for repayment of EMI dues at the Branches

₹100 /-


Charges incurred in filing a 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 paper publication is to be done

iii. ₹300/- 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. Goods and Services Tax (GST), other Government taxes, levies, etc., will be applicable as per the prevailing rates in addition to the mentioned charges.

  2. Loan Processing Fee (LPF) not mentioned here is a part of the rates & fees matrix communicated to the customer at the time of Loan application. Visit for further details.

  3. The charges or fees given in the above table are subject to change and the charges recorded in the Loan Application/Agreement will be final binding.

  4. Stamp Duty Charges not mentioned here are charged as per the actual expenses incurred while procuring the Loan facility.

Personal Loan Annual Percentage Rate

The Annual Percentage Rate (APR) is a method to compute the annualised credit cost, which includes the interest rate and the processing fee.

The APR Calculator does not include charges such as Prepayment Charges, etc.

Please click here to calculate these charges and to download the APR calculator.

Personal Loan Interest Rates

Yes, 10.65% is a good interest rate. This offer depends on the borrower's credit profile and the Terms and Conditions of the Bank. Please review the specific interest rates and applicable charges before applying.

None of the Loans have a zero interest rate. However, we may offer a promotional interest rate of 0% for a limited period on Credit Cards.

To get the lowest interest rate, you can 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.