ICICI Bank Personal Loan


ICICI Bank personal loan offers low-interest rates starting at 10.50% p.a. You can avail a loan instantly and through online with Buddy Loan App. Get a loan amount of up to Rs. 50 Lakhs, with flexible repayment tenure extending up to 72 months. Why wait, check whether you’re eligibility on personal loan for ICICI Bank is your best fit for you.

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ICICI Bank Online Personal Loan Details

Take advantage of the low-interest rate and get your loan approved from the comfort of your home. Let’s go through the highlights of ICICI Bank personal loan from below:

Interest rate Starting at 10.50% p.a. up to 16.00% p.a.
Loan Amount Up to ₹50 lakhs
Tenure Up to 5 years
Minimum Salary ₹30,000 per month
Processing Fee Up to 2.50%

Table of Contents: ICICI Bank Personal Loan

ICICI Bank Personal Loan Interest Rates & Charges

ICICI Bank personal loans have interest rates starting from 10.50% p.a. to 16.00% p.a. Borrowers who have strong credit histories and sound financial profiles typically qualify for cheaper rates, while those who are bigger risks or have less-than-stellar credit may pay higher interest rates.

Here are the interest rates for various types of personal loans from ICICI Bank:

ICICI Bank Personal Loan Scheme Interest Rates (p.a.) Processing Fees
ICICI Bank FlexiCash 12% p.a. onwards Starting at Rs 1,999 + GST
ICICI Bank Personal Loan for NRI 15.4% p.a Onwards At the discretion of the bank
ICICI Bank Pre-Approved Personal Loan 10.50% p.a. onwards 2.50% of the loan amount
ICICI Bank Pre-Qualified Loan 10.50% p.a. onwards 2.50% of the loan amount
ICICI Bank Top-up Personal Loans 10.50% p.a. onwards 2.50% of the loan amount
ICICI Bank Fresher Funding 10.75% p.a. onwards 2.50% of the loan amount
Note: The current rates may vary marginally and are inclusive of prepayment charges of 3% and penal interest of 2% p.m. for ICICI Bank XPRESS Credit & ICICI Bank Quick Personal loan.

Types of ICICI Bank Personal Loans & Features

ICICI Bank offers the go-to personal finance solution for all of your needs with varied types of ICICI Bank personal loan. Apply right away for easy loans and repayments.

ICICI Bank FlexiCash

  • Short-term instant loan for existing ICICI Bank customers with a salary account.
  • Low processing fees
  • No documents required
  • 100% digital process
  • Interest rates on amount and tenure of utilisation

ICICI Bank Personal Loan for NRI

  • Loan for Non-Resident Indians
  • Quick disbursal, minimal documentation
  • Interest rates starting from 15.49% p.a.
  • Loan amount up to ₹10 lakh

ICICI Bank Pre-Approved Personal Loan

  • Loan for selected existing customers
  • Fastest disbursal within 3 seconds
  • Loan amount up to 50 lakh
  • Repayment tenure ranges from 1 to 5 years

ICICI Bank Pre-Qualified Loan

  • Pre-qualified personal loan for select existing customers.
  • Easy online application procedure
  • Fast processing

ICICI Bank Top-up Personal Loans

  • Top-up loan on existing loan from ICICI Bank
  • Consolidated EMI covering the entire value
  • Loan amount ranging from ₹50,000 to ₹50 lakhs

ICICI Bank Personal Loan Balance Transfer

  • Allows consolidation of existing debts into one loan with a lower interest rate
  • Flexible repayment period
  • Easy application process and quick disbursal

ICICI Bank Fresher Funding

  • Loan for freshers and new employees to finance personal expenses
  • Loan amount upto ₹1,50,000
  • Repayment tenure upto 60 months

ICICI Bank Personal Loan EMI Calculation

Want to avail personal loan from ICICI Bank? Calculate EMI with ICICI Bank personal loan calculator here. Easy and quick to calculate your monthly installment with this handy tool.

All you need to do is enter the loan amount, interest rate, and tenure, and get an instant estimate of your monthly installment. With this tool, you can make informed financial decisions and manage your budget effectively.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Comparison of ICICI Bank Personal Loan Vs Other Banks

Here is a table showing the comparison of ICICI Bank Personal Loan rates with other banks:

Lender Interest Rates Processing Fees
ICICI Bank 10.50%-16.00% Up to 2.50%
HDFC 11.00% onwards Up to 2.50%
Citibank 9.99% p.a. To 16.49% p.a. 0.25% to 3.00%

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ICICI Bank Personal Loan Eligibility

Discover your eligibility for ICICI Bank Personal Loan at ease! Use the eligibility calculator from ICICI Bank Personal Loan, and calculate your loan amount, EMI, etc you’re eligible for by inserting your income, monthly expenses.

Check now, if you’re eligible for based on the criteria set by ICICI Bank

Factors General Eligibility Criteria
Age 23 yrs to 58 yrs
Monthly Income Minimum ₹30,000
Work Experience Minimum 1 year completed at the current organization

ICICI Bank Personal Loan Eligibility for Salaried Employee

  • Age - 23 yrs to 58 yrs
  • Monthly Income - Minimum ₹30,000
  • Work Experience - Minimum 2 year completed at the current organization
  • Years in Current Residence - 1 year

ICICI Personal Loan Eligibility for Self-Employed

  • Age - 28 yrs to 58 yrs
  • Minimum Turnover - Rs. 40 lakh (for non-professionals); Rs. 15 lac (for professionals)
  • Minimum Profit After Tax - Rs. 2 lac for Proprietorship Firm/Self employed Individuals
  • Business Stability - In current business for at least 5 years and minimum 3 years for doctors
  • Minimum 1 year liability relationship or asset relationship with ICICI Bank

Features of ICICI Bank Personal Loan

Here are the exclusive features and benefits of an ICICI Bank personal loan

Instant Loan Approval

Get your loan approved within minutes

Flexible Repayment

Choose a repayment tenure of your choice.

Multi-purpose Usage

Use it for a variety of porposes

Low Interest Rates

Starting from 10.50% p.a.

No Collateral

Avail loan without risking your assets.

Zero Hidden Charges

No hidden charges and no extra penalties.

ICICI Bank Personal Loan Documents Required

Here is a table for ICICI Bank Personal Loan documents required when applying for a personal loan from ICICI bank:

Identity Proof: PAN Card, Voter ID, Driving License, Passport

Income Proof: Bank statement and salary slips for last 3 month

Address Proof: Landline Bill, Electricity Bill, Ration Card, Voter ID, Passport

Other Documents: Duly signed loan application form and 2 passport size photographs

Easy Steps to Apply for ICICI Bank Personal Loan with Buddy Loan

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step ?

Frequently Asked Questions on ICICI Bank Personal Loan

Yes, ICICI Bank offers instant Personal loans. For different financial needs, it offers different kinds of personal loans.

Eligibility for a personal loan in ICICI Bank varies based on factors such as income, employment type, and credit history.

The personal loan amount from ICICI Bank can range from a minimum of Rs. 24,000 to a maximum of 24 times the net monthly income or Rs. 20 lakhs.

ICICI Bank offers personal loans such as ICICI Bank FlexiCash, ICICI Bank Personal Loan for NRI, ICICI Bank Pre-Approved Personal Loan, ICICI Bank Pre-Qualified Loan, ICICI Bank Top-up Personal Loans, ICICI Bank Personal Loan Balance Transfer, and ICICI Bank Fresher Funding.

Eligibility for ICICI Bank personal loan varies, but typically includes individuals with a minimum monthly income of Rs. 30,000 and meeting specific employment criteria.

No, it is possible to get a personal loan from ICICI Bank with a salary of Rs. 20,000, as the minimum salary required is Rs. 30,000.

ICICI Bank personal loans are generally unsecured, meaning there is no requirement for collateral or security.

ICICI Bank typically takes 1-2 working days to approve a personal loan. However, the approval time may vary depending on the applicant's credit score, income, and other factors.

The documents required for an ICICI Bank personal loan include identity proof, income proof, address proof, and other related documents.

Yes, you can avail a personal loan with a co-borrower/co-applicant with ICICI Bank. It can help increase loan eligibility and approval rate.

According to ICICI Bank, there is no set minimum CIBIL score required to apply for a personal loan. Good credit score is a viable option for increasing your personal loan approval rate at lower interest rates.

ICICI Bank charges a 3% pre-closure fee + applicable taxes on the outstanding loan amount if you prepay your loan before the end of the tenure. (Proceed at your discretion, as the rates are subject to change per the market climate)

If a personal loan from ICICI Bank is prepaid or foreclosed before the loan tenure ends, a prepayment charge of 3% will be applied to the amount paid. However, no charges will be imposed if the loan is closed by availing another loan under the same scheme.

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