Personal Loan
ICICI Bank Personal Loan Review 2026
ICICI Bank existing customers and high-income professionals
★★★★★★4.4
Last updated: 15 December 2025Key Highlights
✓Loan amount up to Rs 50 lakh
✓Instant disbursal for pre-approved customers
✓Step-up EMI option available
✓Digital paperless process via iMobile
✓No collateral required
Interest Rates & Fees
Rates & Charges
| Interest Rate (Min) | 10.65% p.a. |
| Interest Rate (Max) | 19% p.a. |
| Interest Rate Type | Fixed |
| Processing Fee | Up to 2.50% of loan amount |
| Prepayment Charges | 5% of outstanding principal amount |
| Foreclosure Charges | 5% of outstanding principal amount |
Loan Details
Loan Parameters
| Minimum Loan Amount | ₹50,000 |
| Maximum Loan Amount | ₹50 Lakh |
| Minimum Tenure | 12 months |
| Maximum Tenure | 60 months |
| EMI per Lakh | Rs 2,156 per lakh for 60 months at 10.65% |
| Disbursal Time | Instant for pre-approved, 3–5 working days for others |
Rating Breakdown
features
4.4/5
value
4.2/5
support
4.4/5
benefits
4.5/5
Pros & Cons
✓Pros
- ✔Instant approval for pre-approved customers
- ✔Loan up to Rs 50 lakh
- ✔Flexible EMI options including step-up EMIs
- ✔Digital application via iMobile app
- ✔Competitive rates starting at 10.65%
✗Cons
- ✘Processing fee up to 2.50%
- ✘Prepayment charges apply
- ✘Interest rate varies significantly by profile
Eligibility Criteria
- ●Age: 23 to 58 years (salaried)
- ●Minimum net monthly income: Rs 30,000
- ●Minimum work experience: 2 years
- ●CIBIL score: 750+
Documents Required
- 📄PAN Card
- 📄Aadhaar Card
- 📄Latest 3 months salary slips
- 📄Last 3 months bank statements
- 📄Latest Form 16
Frequently Asked Questions
ICICI Bank Personal Loan offers interest rates ranging from 10.65% to 19% per annum (fixed rate). The actual rate depends on your credit profile, income, and existing relationship with ICICI Bank.
The processing fee for ICICI Bank Personal Loan is Up to 2.50% of loan amount. This is a one-time fee charged at the time of loan disbursement.
You can borrow up to ₹50 Lakh with ICICI Bank Personal Loan. The minimum loan amount is ₹50,000.
Prepayment charges for ICICI Bank Personal Loan: 5% of outstanding principal amount. Foreclosure charges: 5% of outstanding principal amount. Check with ICICI Bank for the latest terms.
ICICI Bank Personal Loan typically takes Instant for pre-approved, 3–5 working days for others for disbursal after application and document verification.
