Icici bank Personal Loan Interest Rates

For Salaried For Self-Employed
Interest Rate 10.75% onwards 11.00% onwards
Loan Tenure Up to 5 years Up to 5 years
Loan Amount Min. Rs. 24,000, Max. Rs. 15 lakhs Min. Rs. 25,000, Max. Rs. 15 lakhs
Processing Fee 1% of loan sanctioned + Taxes 1% of loan sanctioned + Taxes
Pre-payment Charges 3% of amount prepaid 3% of amount prepaid
Foreclosure Charges 3% of principal outstanding 3% of principal outstanding

Simple Loan Process

Icici bank offers simple loan process

Choose Loan Amount

Choose your loan amount and terms to use loan

Provide Document

Need to provide some basic document to verification

Approved Loan

Our loan specialist ask fews question and verify docuements.

Get your Money

Once loan aprroved you get loan amount credit.

Top Personal Loan Schemes and Offers

You can either visit the official website of the bank to directly apply for a Personal Loan or visit the BankBazaar website to compare different loans and then apply for one which you feel is suitable.

You can either visit the official website of the bank to directly apply for a Personal Loan or visit the BankBazaar website to compare different loans and then apply for one which you feel is suitable.

Bank Best For Key Highlights
Bank of Baroda Personal Loan Low Interest Rate
  • Interest rates ranging from 9.99% p.a. to 16.49% p.a.
  • Loans of up to Rs.30 lakh
  • Tenure of up to 5 years
Bank of India Personal Loan Self-Employed Professional
  • Interest rates (rack interest) ranging between 10.5% p.a. and 21.00% p.a.
  • Tenure of up to 5 years
  • Loans of up to Rs.40 lakh
Central Bank of India Personal Loan Quick Turnaround Time
  • Interest rates starting at 10.75% p.a.
  • Loans of up to Rs.20 lakh
  • Tenure of up to 5 years
Punjab and Sind Bank Personal Loan Flexible Interest Rates
  • Interest rates starting at 10.99% p.a.
  • Tenure of up to 6 years
  • Loans of up to Rs.25 lakh
Lakshmi Vilas Bank Personal Loan Short-term Requirement
  • Interest rates ranging from 11% p.a. to 15% p.a. (indicative)
  • Tenure of up to 5 years
Apna Sahakari Bank Personal Loan Top-Up Loans
  • Interest rate starting at 10.49% p.a.
  • Loans of up to Rs.40 lakh
  • Tenure of up to 5 years
Bank Internasional Indonesia Personal Loan Quick Approval
  • Interest rates starting at 11.99% p.a.
  • Loans of up to Rs.25 lakh
  • Tenure of up to 60 months
Barclays Personal Loan Easy Eligibility Checks
  • Interest rates starting at 24% p.a. onwards
  • Loans of up to Rs.25 lakh
  • Tenure of up to 5 years
Bharatiya Mahila Bank Personal Loan Special Offers
  • Interest rates at the discretion of the bank
  • Loans of up to Rs.20 lakh
  • Tenure of up to 5 years
Capital Local Area Bank Personal Loan Different Income Categories
  • Interest rates starting at 9.60% p.a.
  • Loans of up to Rs.20 lakh
  • Tenure of up to 7 years
Catholic Syrian Bank Personal Loan Affordable Interest Rates
  • Interest rates from 8.95% p.a. onwards
  • Loans of up to Rs.10 lakh
  • Tenure of up to 60 months

Personal Loan Eligibility Criteria

The following factors are considered by lenders while going through your loan application. If you meet these criteria, consider yourself eligible for a Personal Loan.

Criteria Salaried Self-Employed
Age 21 years to 60 years 22 years to 55 years
Net Monthly Income Rs.15,000 Rs.25,000
CIBIL Score Above 750 Above 750
Minimum Loan Amount Rs.50,000 Rs.50,000
Maximum Loan Amount Rs.25 lakh Rs.50 lakh

Personal Loan EMI Calculator

Use BankBazaar Personal Loan EMI calculator to calculate your EMI beforehand to plan and manage your finances in a better way. Personal Loan calculator lets you check your loan eligibility and helps you compare loans offered by different banks.

All you need to do is enter the loan details, including your preferred loan amount, interest rate, tenure, and processing fee. Hit "Calculate" to check your EMI. The lowest applicable EMI per lakh for a tenure of 7 years at minimum applicable interest rate is Rs.1,599.

The result is followed by an amortisation table, which will give you a detailed break-up of your repayment schedule.

Documents Required to apply Personal Loan

Requirements Salaried Individuals Self Employed
Proof of Identity Passport, Voter’s ID, Driving License or PAN Card Passport, Voter’s ID, Driving License or PAN Card
Proof of Residence Passport or utility bills Passport or utility bills
Proof of Income Bank statement of salary account for the past two years Audited financial statement of the past two years

If you are an NRI looking to borrow a Personal Loan, these are the documents that you will need to submit to the lender:

  • Copy of your Passport
  • Visa Copy
  • Your official Email ID or the Email ID of the HR
  • Bank Statements
  • Salary Certificate or salary slips
  • NRO/NRE bank statements of the last 6 Months
  • Proof of Identity, Residence, Income, and Assets
  • Recent passport-size Photographs of yourself and the guarantors

Other Fees & Charge

  • Processing fee
  • Goods and Services Tax or GST
  • Verification charges
  • Charges levied for issuing duplicate statement
  • Penalty for defaults
  • Penalty for pre-payment and part payment of loan

In addition to these, the lenders might also levy charges for documentation, stamping, credit administration, collection, and so on. The levy and the rates of these fees and charges differ from lender to lender. However, you can check the fees and charges which are levied by the top lenders in India before you apply for a Personal Loan.

Do not forget to check the eligibility criteria for the different types of Personal Loans before you apply for one.

Personal Loan Top Up

A Personal Loan customer can avail an additional loan amount through the top-up facility over his/her existing loan. The loan amount will be subject to the terms and conditions set by the financial lender, while the interest rate may be the same as the existing loan or could be up to 1% more than the interest rate of the current loan. The tenure of the top-up Personal Loan will be subject to that of the existing personal.

Key features and benefits

  • Existing Personal Loan customers are eligible for the loan top-up provided that they have paid their EMIs regularly and have no pending payments.
  • Quick or instant disbursal of the top-up loan amount.
  • Minimum documentation required.
  • Zero processing fee offered by a number of lenders.
  • No collateral required.

The approval of a Personal Loan application depends on many factors. When you apply for a loan, you should make sure that you are fulfilling all the factors to ensure the approval of your loan application. The eligibility criteria for Personal Loans may vary from lender to lender. However, there are some common criteria which include the age of the applicant, his or her income, credit score, the status of employment, and so on. Before you apply for a loan, make sure that all the eligibility criteria are being fulfilled. This will help you avoid the rejection of your loan application. Although there are other options that you can resort to in case your loan application gets rejected, it is recommended to double-check before applying to avoid the chances of rejection of loan application.

If you have recently paid off your Personal Loan (either repaid or foreclosed), you might have the idea that your obligation towards the loan is over. However, that is not the case. There are certain things that you should do after paying off your Personal Loan.

Get Started Simple & Securely

Understand what is the loan amount you are eligible for and what would the EMI be.
you can apply as per your eligibility.

Check eligibility for loan

Find Loan Products We Offers

We will match you with a loan program that meet your financial need. In short term liquidity,
by striving to make funds available to them within 24 hours of application.

Personal Loan

11.49%

Rate of interest:

Credit Card

11.49%

Rate of interest:

Home Loan

11.49%

Rate of interest:

Business Loan

11.49%

Rate of interest:

Car Loan

11.49%

Rate of interest:

Gold Loan

11.49%

Rate of interest:

Education Loan

11.49%

Rate of interest:

Fixed Deposits

11.49%

Rate of interest:

CONTACT US

We Are Everywhere

We are having a wide network operating all across India as well as Internationally.
World Map

Contact Us


30+ Offices in
India

10+ Years Experience

Save Your
Time

Quick Turn around Time

Qualified Professionals

Excellent Customer Service