Personal Loan Interest Rates 2025

Interest rates on a Personal Loan refer to the annual cost of borrowing funds. Lenders set these rates based on various factors including creditworthiness and market conditions. Borrowers can use interest rate calculators to estimate their monthly repayments. Personal Loan interest rates play a crucial role in determining the overall cost of the loan; borrowers should compare the rates and choose the most favourable option for their financial needs. ICICI Bank offers Personal Loans with competitive interest rates starting at 10.85%* per annum.

Latest Personal Loan Interest Rates

Latest MCLR

MCLR stands for the Marginal Cost of Funds based Lending Rate. MCLR is subject to change, which may affect the final interest rates and hence the above figures are indicative in nature. T&Cs.

Interest Rate Range for Personal Loans for period January 2025 to March 2025:

Note:

• It excludes subsidies, government schemes and loans disbursed under the Emergency Credit Line Guarantee Scheme (ECLGS) at the mandated interest rate of 9.25%.

Personal Loan Annual Percentage Rate (APR)

Annual Percentage Rate (APR) is the annual cost of credit which includes interest rate and all other charges associated with the credit facility.

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

Notes:

• The specific interest rate applicable to a customer is 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 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.

Fees and Service Charges

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

Important Information

As per Rule 9B of the Prevention of Money Laundering (Maintenance of Records) Rules, you are required to inform 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 inform the Bank, the necessary changes will be made in the Bank records.

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 on www.icicibank.com. Nothing contained here will constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/ services of ICICI Bank.