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ICICI Bank Personal Loan

Here are a few factors

How To Apply
Product Rating

( 4.5 /5 )

Total - 384 ratings

5 ★
248
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17
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Mode of Process

Mail

Location

PAN India

Lending Size and Tenure

1 Lac-100L (12M to 60 M)

ROI

11.25%-21%

ROI (Fixed/Reducing)

Reducing

Processing Fees

2.25%

Foreclosure

After 6 Month with applicable Fees

Partial Payment Allowance

No

Dealing in Unsecured OD

No

USP

Funding to NRI

Note: ICICI don’t Do funding to Proprietorship/Partnership/LLP Firm Employee

ICICI Bank Personal Loan EMI Calculator

Interest Type

Loan Amount

₹

Interest Rate

%

Loan Tenure

Mo
Loan Amount₹100,000
Interest %10 %
Tenure (months)12
Emi (monthly)₹ 8,792
Total Interest₹ 5,499
Loan Amount + Interest₹ 105,499
YearTotal Principal
( A )		Total Interest
( B )		Balance
( A + B)		Total Payment Loan Paid Till Date (%)
₹ 57,123₹ 4,421₹ 61,544₹ 42,87757.12 %
Jun₹ 7,959₹ 833₹ 8,792₹ 92,0417.96 %
Jul₹ 8,025₹ 767₹ 8,792₹ 84,01615.98 %
Aug₹ 8,092₹ 700₹ 8,792₹ 75,92424.08 %
Sep₹ 8,159₹ 633₹ 8,792₹ 67,76532.23 %
Oct₹ 8,227₹ 565₹ 8,792₹ 59,53840.46 %
Nov₹ 8,296₹ 496₹ 8,792₹ 51,24248.76 %
Dec₹ 8,365₹ 427₹ 8,792₹ 42,87757.12 %
₹ 42,882₹ 1,078₹ 43,960₹ 0100.01 %
Jan₹ 8,435₹ 357₹ 8,792₹ 34,44265.56 %
Feb₹ 8,505₹ 287₹ 8,792₹ 25,93774.06 %
Mar₹ 8,576₹ 216₹ 8,792₹ 17,36182.64 %
Apr₹ 8,647₹ 145₹ 8,792₹ 8,71491.29 %
May₹ 8,719₹ 73₹ 8,792₹ 0100.01 %
Work Process

Start with ICICI Personal Loan in few steps

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Keep a Check on Your Document for a Smoother Process

Required Documents

PAN Card

Aadhaar Card

Driving Licence

Voter ID

Company Id

Cancel Cheque

Last 3 Month Salary Bank Statement

Last 3 Month Salary Slip

Passport size Photo

Ownership Proof Latest Utility Bill

Last 2 year’s Form 16

Last 2 Year ITR if Filled

Apply for Loan

Eligibility Of Instant Loan

The following information illustrates the loan eligibility and disbursal limits

  • The age of the applicant should be between 23 to 60 Year
  • The min. Employment should be 6 months of continuous salary
  • The min. salary of the applicant should be 40K Listed, 75K Other
  • The minimum CIBIL score has to be 700
  • The Applicant must be an Indian Resident


ICICI Customer Care

Contact No. :- 18001080

Email :- Customer.care@icicibank.com

Negative Profile for ICICI Personal Loan

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

Jewelers

MCD 4th Grade

Real Estate and NGOs

Politician

Mandir/Masjid/Gurudwara/

church

Company which are in Liquidation or in BIFR

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T& C apply.
Year Principal
(A) 		Interest
(B) 		Total Payment
(A + B) 		Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%
Leave Your Question

FREQUENTLY ASKED QUESTIONS

A personal loan is an unsecured loan that you can get from a bank or financial organization to help you meet your financial obligations

You can apply for an ICICI personal loan from ReferLoan’s website. You just need to visit our website and choose the ICICI personal loan from the dropdown menu. Then you need to fill in your mobile number and OTP to start with the application process.

ICICI Bank allows foreclosure of the personal loan at any time during the loan tenure after at least one installment is paid by the borrower. You have to pay 3% of the loan amount that is outstanding after the payment of the EMIs, along with taxes, before closing your loan as preclosure charges.

You will have to pay ICICI bank personal loan monthly with the salary you would be getting from your employer or whatever you earn.

For availing of ICICI and personal loans, it is not mandated to have a security or a guarantor. Personal loans are provided to defined categories of salaried and self-employed individuals. You do not need to reveal to the bank the reason for taking the loan.

Refer Loan is a Phy-zital Fintech that connects Lenders and Borrowers digitally as well physically. It provides a Financial Bouquet to the users with multiple Financial solutions. Its AI-based detailed comparison enables users to find the best financial product from the best financial institutions.

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