ICICI Bank Personal Loan

ICICI Bank Personal Loan Features

Eligibility Criteria Details
ICICI Bank Personal Loan Interest Rate 9.75% p.a.
Lowest EMI per lakh Rs 2112
Tenure 12 to 60 months
ICICI Bank Personal Loan Processing Fee 1% to 2% of Loan Amount
Prepayment Charges Allowed after 12 Months (2 – 4 %)
Part Payment Charges Allowed after 12 Months (2 – 4 %) 
Min Loan Amt ₹ 50,000
Max Loan Amt ₹ 75 Lakh


What is Personal Loan?

Personal Loan refers to that type of Loan which helps you meet your current financial needs. In this, the applicant does not need to pledge any of his belonging or the security to the bank. Your lender provides you personal loan with the flexibility to use the funds as per the requirements. Avail the Best ICICI BANK Personal Loan on Lowest Interest Rates via magicloans.in

How much Interest Rate you will get?

There is an attractive rate of interest on personal loan at ICICI BANK. ICICI BANK Personal Loan interest may vary at 11.25% to 22.00%, and the tenure can range from 12 months to 60 months. Charges of Foreclosure charges are 3% of principal outstanding. Pre-payment charges are 3% of the amount prepaid.

Documents Required for ICICI Bank Personal Loan:

To apply for ICICI BANK Personal Loan, you need to submit the following documents:

  1. First of all, Identity proof is required, i.e., Aadhar card, Voter ID, and Driving license.
  2. Then, the applicant should submit his/her last three months’ salary slips.
  3. After that, the applicant has to provide his/her previous three months bank account statements of his account.
  4. Lastly, the applicant needs two passport-sized photographs.

What ICICI Bank offers you?

  1. First of all, super-fast approvals of up to Rs. 20 lacs on your salaried personal loan through our online facility.
  2. Secondly, no need to move from bank to bank, we provide you with complete online solutions.
  3. Lastly, just log onto our online section, fill a simple form and in just 90 seconds get an approval for your application.

Online Account Access:

Just log in with your loan account number and access whatever information you want about your loan. And get all the information about your loan like:

  1. Repayment track
  2. Interest certificate
  3. Payment schedule etc. through our digital customer portal.

ICICI Bank Personal Loan Eligibility:

For Salaried Individuals




22 years – 65 years.


Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 12,000)

Total years in job/profession

2 Years

Years in current residence

1 Year (One Day if in a Super A Company)

For Self Employed Individuals


Self Employed


23 years (self-employed individuals) and 25 years (for doctors); Maximum age – 65 years

Minimum Turnover

Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials

Minimum Profit After Tax

Rs. 2 lac for Proprietorship Firm/Self-employed Individuals and Rs. 1 lac for non-professionals as per audited financials

Business Stability

In current business for at least 5 years and a minimum of 3 years for doctors

Existing relationship with the bank

Minimum 1-year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required


What are the benefits of taking Personal Loan from ICICI Bank?

  1. First of all, it is straightforward to apply. You will get Personal Loan login within 2 minutes.
  2. After that, it is easily accessible. You can get ICICI BANK Personal loan status all over India.
  3. Besides that, if you are eligible your Loan gets approved on the same day.
  4. After the approval of Personal Loan, you have to submit some documents, and your Loan gets disbursed very quickly.
  5. The ICICI BANK Personal loan interest rates are quite low and affordable.
  6. One more important thing is that the Personal Loan is an unsecured loan, so there is no need for any security, or assets Bank does not ask you for any property to keep as security.

How to Apply for ICICI Bank Personal Loan?

  1. First of all, visit magicloans.in
  2. Next, go to Personal Loan page
  3. Then, fill the form of personal loan.
  4. After that, you will get a call from our Relationship Manager who will guide you to disburse your loan.