ICICI Bank Personal Loan 2026
ICICI Bank publishes a transparent MCLR-plus-spread rate band and offers instant pre-approved loans to its existing customers. Interest rate 9.99% – 16.50%, loan Up to ₹50 lakh.
Rates as of Apr – Jun 2026 quarter · Checked 30 September 2026ICICI Bank Personal Loan at a glance
- Lowest published maximum rate among private banks tracked (16.50%)
- No foreclosure charge after 24 EMIs
- Official, quarterly rate disclosure
- 3% charge on prepayment in the first 24 months
- Tenure not stated on the rate page — confirm in the offer
ICICI Bank personal loan interest rate & charges
| Feature | ICICI Bank |
|---|---|
| Interest rate | 9.99% – 16.50% |
| Rate details | Official range for the Apr–Jun 2026 quarter: 9.99% – 16.50% p.a., fixed for the full tenure. It is built as 1-year MCLR 8.40% + a spread of 1.59% to 8.10%. |
| Processing fee | Up to 2% of loan + GST |
| Loan amount | Up to ₹50 lakh |
| Tenure | — |
| Prepayment / foreclosure | Foreclosure and part-payment: 3% of principal outstanding if the loan is up to 24 months old; nil after 24 EMIs |
| Rate type | Fixed for the whole tenure |
| Late payment | 5% p.a. on the overdue EMI |
| Cancellation after cooling-off | ₹2,500 |
Special schemes & features
For existing ICICI customers, disbursed digitally
Free within the cooling-off period; ₹2,500 afterwards
Source: www.icici.bank.in, Apr – Jun 2026 quarter. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at ICICI Bank’s rates
| Loan amount | EMI @ 9.99% | EMI @ 13.25% | EMI @ 16.50% |
|---|---|---|---|
| ₹2,00,000 | ₹4,248 | ₹4,576 | ₹4,917 |
| ₹5,00,000 | ₹10,621 | ₹11,441 | ₹12,292 |
| ₹10,00,000 | ₹21,242 | ₹22,881 | ₹24,585 |
Tenure 5 years, reducing-balance method. Total interest on ₹5,00,000 at 9.99%: ₹1,37,264.
ICICI Bank personal loan EMI calculator
Eligibility
- Salaried individuals; ICICI’s eligibility calculator starts at ₹30,000 net monthly income
- No minimum income stated on the rate page
- Existing customers may get pre-approved offers
Documents required
- Identity proof: PAN (mandatory) plus Aadhaar, passport, voter ID or driving licence
- Address proof if different from ID
- Salaried: last 3 months’ salary slips, 3 – 6 months’ salary-account statement, Form 16 or latest ITR
- Self-employed: last 2 – 3 years’ ITR with computation of income, audited financials where applicable, 6 – 12 months’ bank statements, business registration (GST, Udyam, shop licence)
- Passport-size photograph (branch applications)
- Existing lenders’ sanction letters or statements if you are consolidating or transferring a loan
How to apply for ICICI Bank Personal Loan
- Check your credit reportDownload your free report, fix errors and see what rate band you fall in.
- Compare offersCompare APR in the Key Facts Statement, fees and foreclosure terms — not just the headline rate.
- Apply on the lender’s own app, website or branchUse the bank’s official channels or its listed lending partners; never pay anyone a fee to “get the loan approved”.
- KYC and verificationAadhaar/PAN-based e-KYC or video KYC; income is verified from payslips, bank statements or account aggregator data.
- Sign KFS and agreementCheck APR, EMI schedule, foreclosure charge, penal charges and cooling-off period before e-signing.
- DisbursalMoney is credited directly to your bank account by the lender — never through a third party’s account.
ICICI Bank vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹5,00,000 |
|---|---|---|---|---|
| Axis Bank Personal Loan | 9.99% – 21.55% | Up to 2% of loan + GST | 12 – 84 months | ₹10,621 |
| HDFC Bank Personal Loan | 9.99% – 24.00% | Up to ₹6,500 + GST | 12 – 60 months (up to 72–84 months for select segments) | ₹10,621 |
| ICICI Bank Personal Loan | 9.99% – 16.50% | Up to 2% of loan + GST | — | ₹10,621 |
| IDFC FIRST Bank Personal Loan (FIRSTmoney) | 9.99% onwards | 0% – 3.5% of loan (incl. GST); zero on select amounts | 9 – 60 months | ₹10,621 |
| SBI Personal Loan (Xpress Credit) | 10.00% – 15.00% | 1.50% of loan (min ₹1,000, max ₹15,000) + GST | 6 – 84 months | ₹10,624 |
| Bank of Baroda Personal Loan | 10.15% – 17.50% | Nil for government employees with BoB salary account; others 1% – 2% + GST (min ₹1,000, max ₹10,000) | Up to 84 months (salaried); 48 – 60 months (non-salaried) | ₹10,660 |
| YES Bank Personal Loan | 10.85% – 21.00% | Up to 2.5% of loan | 12 – 72 months | ₹10,834 |
| Kotak Mahindra Bank Personal Loan | 10.99% onwards | Up to 5% of loan + GST | 12 – 72 months | ₹10,869 |
Frequently asked questions
What is the ICICI Bank Personal Loan personal loan interest rate?
ICICI Bank personal loan rates start at 9.99% and go up to 16.50% p.a. (as of Apr – Jun 2026 quarter). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹5,00,000 from ICICI Bank?
At 9.99% for 5 years the EMI is about ₹10,621, with total interest of ₹1,37,264.
What is the processing fee?
ICICI Bank: Up to 2% of loan + GST. GST at 18% applies on fees.
Can I prepay or foreclose the loan?
ICICI Bank: Foreclosure and part-payment: 3% of principal outstanding if the loan is up to 24 months old; nil after 24 EMIs.
Is the ICICI personal loan rate fixed or floating?
Fixed for the entire tenure. It is set at the time of sanction as MCLR plus a spread and does not change later.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with ICICI Bank Personal Loan. Terms change — confirm with the lender.