ICICI Bank Personal Loan Details 2022

The lowest loan amount from ICICI Bank Personal Loan is Rs. 50,000, starting at 11.25%. A personal loan is an unsecured loan, which means you don't have to provide bank security. The length of the ICICI Bank Personal Loan depends on several factors including the amount you can afford to repay, your credit score, your income, and your age. Salary earners and self-employed professionals are all eligible for these loans. The bank offers a variety of personal loan options. Salary employees must be at least 23 years old, while doctors must be 25 years old, and other professionals must be 28 years old.

ICICI Bank Personal Loan Details 2022


An Indian private sector bank, ICICI Bank, is widely known. The bank offers customers personal loans so they can fulfill their dreams, like renovating their homes, planning their weddings, taking vacations, buying gadgets from their wish list, etc. ICICI Bank offers a fixed rate of interest that is calculated on the basis of monthly reductions. Up to 5 years is the maximum tenure of ICICI Bank Personal Loan.

Why Choose ICICI Bank Personal Loan?

ICICI bank offers personal loans for the following reasons.

  • A fixed-rate of interest is one of the advantages of this loan. As a result, your monthly installments are fixed throughout the tenure.
  • Top corporate firms and large companies offer special offers to salaried individuals.
  • Top-up personal loans are available after the first 6 EMIs.
  • WaiveOnce you have made 12 EMIs, you can waive the prepayment charges. le of a balance transfer is available

Simple dICICI bank's personal loans are processed quickly with only a few forms of documentation needed loans can be repaid in easy monthly installments by automatic debit, payment by check, or electronic funds transfer loanbaba.com, you can find information on ICICI bank personal loans such as eligibility requirements and EMI calculators

Why Apply for ICICI Bank Personal Loan?

ICICI personal loan schemes are described in detail on Loanbaba. To stay informed about the latest bank loan schemes, bookmark this page. You can also apply for this loan online via the bank's official website without visiting a branch. Online submission is quick and easy, and all of the needed documents can be uploaded. Disbursements are done as soon as possible, and you can keep track of your loan application online.

ICICI Bank Personal Loan Interest Rates

Rates for Personal Loans at ICICI Bank range from 11.25% to 13.50% per annum. There may be discounts offered for women's loans and for loans taken out by farmers. As an example, if you want to borrow Rs. 1 lakh at the highest and lowest interest rate, i.e. a 60-month loan at 11.25%, then the EMI amount will be Rs. 2,187. The EMI will also be Rs. 9,359 for Rs. 1 lakh if it is loaned for 12 months and at 22%, the shortest tenure, and highest rate. The loan principal is included.


  • There are several factors that determine the interest rate applicable, such as your net monthly income, financial obligations, repayment capacity, credit score, relationship with the bank, and other factors.
  • As well as armed forces personnel, government employees may apply for personal loans with ICICI Bank.
  • Private salaried employees pay a different interest rate than government employees and members of the armed forces.
  • You can keep checking this page for updates on ICICI bank's personal loan interest rates.


ICICI Personal Loan Interest Rate Calculator

  • Depending on factors including your income, loan amount, financial obligations, and other factors, your bank will determine the best interest rate for your personal loan. The following are factors to consider when determining these rates.

  • An important factor in determining interest rates is the amount borrowed. The rate on a large amount is lower than on a smaller amount, and vice versa. Depending on the bank's policy, the loan amount can range from Rs. 50,000 to Rs. 40 lakhs.

  • How much you can repay the loan depends on your disposable income. You will be able to afford a loan if you are in a higher income bracket. But that’s not it. The monthly income must also be sufficient to repay the loan. Your chances of getting lower rates are greater the lower your financial obligations are cutting into your net monthly income.

  • Relations Customers  ICICI Bank may receive special rates and discounts based on their relationship with the bank. you have an, therefore, if you have an account with this bank and have made regular payments in the past, you can expect some relief on personal loan interest rates.

ICICI Bank Personal Loan Eligibility

  • To apply for ICICI personal loans, the applicant must be a salaried employee aged 23 or over and possess all required documents verifying his or her identity and income. Applicants can borrow as much as they can afford from the company until their loan maturities.
  • A minimum of one year must have been spent in the current residence. A minimum of two years must have been spent in the current job.
  • Borrowers residing in Mumbai and New Delhi must have a salary of at least Rs. 25,000 per month. An individual who resides in Chennai, Bangalore, Kolkata, Pune, or Hyderabad must have a net monthly salary of at least Rs. 20,000. A new monthly salary of at least 17500 rupees is required for borrowers residing in other cities.
  • The credit score requirement must be met and you should not have too many debts.
  • Doctors must be at least 25 years of age when applying for self-employment. For self-employed individuals, 28 years of age is the minimum age requirement, and 65 years of age is the maximum age requirement.
  • A non-professional must have a turnover of at least Rs. 40 lakhs and a professional turnover of at least Rs. 15 lakhs.
  • The experience of 3 years, or 5 years, in the doctor's field is a must, while 5 years of experience in the professional's field is a must.

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