ICICI Bank Personal Loan 2024: Interest Rates, Eligibility & Apply Online
Get instant personal loan from ICICI Bank at competitive interest rates starting from 10.75% p.a. Quick approval, minimal documentation, and flexible repayment options up to 6 years.
ICICI Bank Personal Loan
Get instant approval with minimal documentation. Flexible loan amounts up to ₹50 lakhs with competitive interest rates.
ICICI Personal Loan Interest Rates 2024
| Credit Score Range | Interest Rate (p.a.) | Processing Fee | Loan Amount |
|---|---|---|---|
| 800 and above | 10.75% | Up to 2.5% | Up to ₹50 Lakhs |
| 750 - 800 | 11.50% | Up to 2.5% | Up to ₹40 Lakhs |
| 700 - 750 | 13.00% | Up to 2.5% | Up to ₹30 Lakhs |
| 650 - 700 | 14.50% | Up to 2.5% | Up to ₹20 Lakhs |
| Below 650 | 16.50% | Up to 2.5% | Up to ₹10 Lakhs |
Note: Interest rates are subject to change based on RBI guidelines and your credit profile. Check your credit score before applying.
ICICI Personal Loan EMI Calculator
Your EMI Breakdown
Use our detailed Personal Loan EMI Calculator for more options
Eligibility Criteria
Basic Requirements
- •Age: 23 to 58 years
- •Minimum Monthly Income: ₹25,000
- •Work Experience: Minimum 2 years
- •Current Employment: Minimum 1 year
- •Credit Score: 700 or above (preferred)
Employment Type
- •Employed with MNC, Public or Private Ltd Company
- •Government employees eligible
- •PSU employees eligible
- •Professionals (Doctors, CAs, Engineers) eligible
Key Features & Benefits
Competitive Rates
Interest rates starting from 10.75% p.a. for eligible customers
Quick Approval
Get instant approval within 24 hours with minimal documentation
Flexible Tenure
Choose repayment tenure from 12 to 72 months as per your convenience
No Collateral
Unsecured loan with no need for collateral or guarantor
Documents Required
Identity Proof
- • PAN Card (mandatory)
- • Aadhaar Card
- • Passport
- • Voter ID
- • Driving License
Address Proof
- • Aadhaar Card
- • Passport
- • Utility Bills
- • Rent Agreement
- • Bank Statement
Income Proof
- • Last 3 months salary slips
- • Last 6 months bank statement
- • Form 16
- • Employment certificate
How to Apply for ICICI Personal Loan
- 1
Visit ICICI Bank Website
Go to the personal loan section on ICICI Bank's official website
- 2
Fill Application Form
Enter your personal, employment, and financial details
- 3
Upload Documents
Upload scanned copies of required documents
- 4
Get Instant Approval
Receive approval within 24 hours and get funds disbursed
- 1
Locate Nearest Branch
Find the nearest ICICI Bank branch using branch locator
- 2
Meet Loan Officer
Discuss your loan requirements with the personal loan officer
- 3
Submit Documents
Provide all required documents for verification
- 4
Loan Disbursal
After approval, loan amount will be credited to your account
Customer Reviews
Rajesh Kumar
"Excellent service! Got my loan approved within 24 hours. The interest rate was competitive and the entire process was hassle-free. Highly recommend ICICI for personal loans."
Loan Amount: ₹5,00,000 • Approved in: 1 day
Priya Sharma
"Good experience overall. The documentation process was smooth and the customer service was helpful. Only minor delay in disbursal but nothing major."
Loan Amount: ₹3,00,000 • Approved in: 2 days
Frequently Asked Questions
ICICI Bank offers personal loans up to ₹50 lakhs depending on your income, credit score, and repayment capacity. The actual loan amount will be determined based on your eligibility.
ICICI Bank provides instant approval within 24 hours for eligible customers. Once approved, the loan amount is typically disbursed within 24-48 hours to your bank account.
Yes, ICICI Bank allows prepayment of personal loans. You can make part-payment or full prepayment after 6 months from the date of disbursal. Prepayment charges may apply as per the loan agreement. Use our Loan Prepayment Calculator to check savings.
While ICICI Bank considers applications from individuals with credit scores above 650, a score of 750 or above significantly improves your chances of approval and helps you get better interest rates. Check your credit score before applying.
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