ICICI Bank advertises its personal loan from 9.99% p.a. onwards. It can charge up to 16.50% for this product. The advertised figure is a starting rate, not an offer.
Updated 17 Sep 2026 · Lender rate pages, checked individually.
Rate, maximum and fees
| Advertised rate | Maximum rate | Terms | Fee |
|---|---|---|---|
| 9.99% | 16.50% | Up to 6 years | Up to 2% + taxes |
Updated 17 Sep 2026 · Lender rate pages, checked individually.
What that costs in rupees
On ₹5,00,000 over 5 years.
| EMI at 9.99% | ₹10,621/month |
|---|---|
| Total interest | ₹1,37,264 |
| EMI at the 16.50% maximum | ₹12,292/month |
| Extra interest at the maximum rate | ₹1,00,272 |
Principal and interest only. Processing fee, GST, documentation and any insurance sold alongside the loan are additional. For a different amount or tenure, run it through the EMI calculator.
How it compares
ICICI Bank has the joint lowest advertised rate of the 8 providers we track — 9.99%, level with Axis Bank, IDFC First Bank and the HDFC Bank personal loan. The full ranking is on personal loan interest rates.
What moves this rate
ICICI Bank is a private sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.
Personal loan rate ranges are much wider than home loan ranges. The reason is simple: nothing backs the loan. There is no property to recover, so the rate has to cover the whole risk. A bank advertising from around 10% can quote more than double that to someone with a thin credit history.
The tenure is much shorter than a home loan, usually five or six years. That keeps your total interest down but pushes the EMI up. Check the early-closure terms before you sign. Being able to prepay without a charge is worth more than a small difference in the rate.
Other ICICI Bank products
| Product | Rate |
|---|---|
| Home loan | from 8.50% |
| Fixed deposit | from 6.50% |
| Credit cards | 2 cards reviewed |
The full product range and its rating sit on our ICICI Bank page.
Related reading
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