Skip to content

ICICI Bank Personal Loan

    I have read, understood and hereby accept the customized Term & Condition for LendingWale in relation to collection of information.

    It is not easy to fulfill all the dreams, wishes, or desires from the monthly income. The distance between your dreams and reality is a few miles of simple loan. So focus on the solutions rather than the problem. Do you want to make some money? So get cash in your pocket whenever you need it. Be selective about the credit plan you choose.We serve you with a quick and hassle-free loan application and fast loan approval. Personal loans with no fee ever. Do it now, sometimes later becomes never. Compare the interest rates of personal loan with other investments. Avail ICICI Bank personal loan and lower your EMI burden. A dream isn’t a dream anymore.

    Why go for ICICI Personal Loan


    The loan amount depends upon the repayment capacity of the applicant. Moreover, a personal loan is an unsecured loan – it means you don’t have to put any security, collateral, or asset to avail such loan. It helps solve various financial problems. Nowadays, paperless personal loans are available that helps in reducing many formalities and paperwork. The interest rate on personal loans is quite low as compared to other loans like Home loans or Education Loans. A personal loan is available within 72 hours if an applicant fulfills eligibility criteria.

    Eligibility for ICICI Personal Loan


    Profession: The person should be working in a government, private or MNC Company.

    Eligible Age: The Minimum age to apply for a Personal Loan is 21 years, and the maximum is 60 years.

    Minimum income: The person should be getting a minimum of 20,000p.m. Salary.

    Work Experience: The applicant should have at least three years of working experience, and more than three months of experience in the current company.

    CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.


    Profession: The Person should be professionals like Doctors, CA, CS, Architects, Lawyer, or, doing his own business.

    Eligible Age: The minimum age to apply for a personal loan is 23 years, and the maximum is 65 years.

    Minimum income:  The minimum revenue from business or the profession should be not less than 25,000p.m.

    Work Experience: The person should have at least three years of his professional experience.

    CIBIL score and EMI percentage: The minimum CIBIL score required for Personal Loan is 650 & maximum EMI should be not more than 65% of monthly income.

    ICICI Personal Loan Interest rate

    The interest rate may vary from 11.25% to 22.00% per annum. However, the rate of interest offered by ICICI Bank is as per the prevailing market trends, yet competitive compared to most of the market players. The interest rates are indicative only, and the final rate offered would vary and calculated based on below-mentioned points.

       Profile of Customers

       Tenure of the Loan

       Geography of residence

       Nature of Collateral (If provided)

       Prior/existing relationship with the Bank.

    Documents Required


    Identity Proof: Adhar Card, Passport, Voter ID card or Driving License

    Address proof: Ration card, Passport, Rent agreement, electricity/water bill.

    Last six months Bank statement & 3 months’ salary slip

    Latest form 16

    PAN card


    Identity Proof: Adhar Card, Passport, Voter ID card or Driving License

    Address proof: Ration card, Passport, rent agreement, electricity/water bill.

    Latest six months of Bank statement.

    Latest ITR : along with computation of income along with P/L audited by certified CA for the previous two years.


    Tenure is the time period for which you get the loan; here it is for one to five years.

    About ICICI Bank

    ICICI Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra with its registered office in Vadodara, Gujarat. As of 2018, ICICI Bank is the second largest bank in India in terms of assets and market capitalization.

    Moreover, it gives a wide range of products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital, and asset management. As on March 31, 2019, this bank had a network of 4887 branches and 14367 ATMs across India and has a presence in 17 countries including India.

    How to apply for ICICI Bank Personal Loan?

    Visit and fill all your required details like Name, age, income, etc.

    Our relationship manager will contact you as soon as possible and help you get your loan approved.


    Why should I take a personal loan from ICICI Bank?

    ICICI Bank provides a Personal Loan at a shallow interest rate with the low EMI options. Furthermore, the bank processes the Loan very fast and without any hassle.

    What interest is charged by ICICI Bank on a personal loan?

    Personal loan interest rates generally start from 11.25%. However, it changes from time. Besides that, it also depends on the profile of the applicant.

    What is the tenure of Personal Loan?

    The loan tenure of the Personal Loan is One year to Five years.

    How much Personal Loan amount I can borrow from ICICI Bank?

    The applicant can get a loan amount of Rs. 50 Thousand to a maximum amount of Rs. 30 Lakhs, depending on the professional background.

    How much does the ICICI Bank charge a processing fee on a personal loan?

    The processing fee charged is about 2.25%.

    Is age an eligibility factor in getting a personal loan?

    Yes, age is a factor to apply for a personal loan. As the minimum age of the applicant should be 21 years however, it can be maximum 60years.

    Are there any prepayment charges on a personal loan from ICICI Bank?

    Yes, the pre-closure charges are from 3% to 5% depending on the time of the loan.

    How can I get a personal loan with low CIBIL score?

    You cannot get a personal loan with low CIBIL score; however, you can go for a gold loan.

    How to check ICICI Personal Loan EMI?

    You can check your monthly EMI by our EMI calculator.