ICICI Personal Loan Interest Rate Calculator - Dec 2016

ICICI Bank Personal Loan Interest Rates

Last Updated 23rd Nov 2016
Salaried Self Employed
Interest Rate 11.49% - 22.00% 16.85%
Lowest EMI Rs. 2,199 per lakh Rs. 2,035 per lakh
Loan Tenure From 12 months to 60 months From 12 months to 84 months
Loan Amount Min Rs. 100,000 and Max Rs. 2,500,000 Min Rs. 0 and Max Rs. 10,000,000
Processing Fee 0.25% to 1.50%; Min - Rs. 999 2%
Age Min 23 years and Max 58 years Min 25 years and Max 65 years
Prepayment Charges Not allowed Not allowed
Foreclosure Charges Allowed after 6 EMI's, 5% prepayment charges applicable Allowed after 6 EMI's, 2% in case of Balance Transfer
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 Salaried   Self Employed - Professional   Self Employed - Business 

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ICICI Bank Personal Loan

ICICI Bank gives the facility of personal loan to the people who want money to achieve their urgent requirements. There are some features and benefits of taking personal loan from ICICI Bank:
  • Fixed rate of interest
  • Less documentation
  • Quick disbursal of loan
    • ICICI Bank has been rated 4.1/5.0 by customers for its service quality on MyLoanCare
    • ICICI Bank has over 2,660 branches in India where you can avail service
    • ICICI Bank offers special schemes and discounts for employees of large companies.
    ICICI Bank Personal Loan Interest Rate depends upon
    • Loan amount: Personal loan rate in ICICI Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
    • Company where you work: ICICI Bank has a list of companies to which they lend personal loan. Interest rate will be less if your company is listed
    • Your Salary: Income helps you in determining your rate of interest. ICICI Bank interest rate varies with your monthly income. Higher the income, less will the rate of interest

    Personal Loan ICICI Bank Charges

    Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. ICICI Bank allows prepayment of personal loan after paying 6 EMI’s with 1 prepayment charges
    Processing Fee- ICICI Bank asks for a processing fee of 0.25% to 1.50%; Min - Rs. 999 of loan amount with applicable service tax

    ICICI Personal Loan EMI Calculator

    Personal Loan EMI of ICICI Bank is a fixed amount that you pay each month towards the repayment of your personal loan till the end of tenure. Lowest EMI offered by ICICI Bank is Rs. 2,199 per lakh loan amount. Personal Loan EMI of ICICI Bank depends on factors like:
    • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
    • Loan tenure matters equally as longer tenure reduces your monthly EMI per lakh
    • Your EMI depends upon the amount of loan you are going to borrow. Loan EMI will be high if you apply for a high loan amount
    What are the benefits of calculating Personal Loan EMI?
    • Personal Loan EMI calculator of ICICI Bank helps you to calculate your monthly EMI at different rate of interest
    • ICICI Bank EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
    • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
    Estimated EMI online by using EMI Calculator.

    ICICI Personal Loan Eligibility Calculator

    Personal Loan eligibility criteria ICICI Bank
    Eligibility of personal loan in ICICI Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
    • Age: Age plays an important role to know your eligibility and repayment capacity. Citibank offers personal loan to salaried individuals who are atleast 23 years old at the time of loan approval and maximum 58 years at the time of loan maturity. Self employed individuals with age of atleast 25 years and maximum 65 years at the time of loan maturity can apply for personal loan from ICICI Bank
    • Income: ICICI Bank Loan eligibility significantly depends upon your income. Usually bank set minimum levels of income to apply for personal loan. ICICI Bank asks for net monthly income of minimum Rs. 25,000.
    • Job stability and Profession: Job stability is important to improve your status and eligibility for personal loan from ICICI Bank. In case you are salaried, you must be in a full time job for at least 36 months of which not less 1 months must be with your current company. In case you are self-employed, you must be in current profession or business for at least 0 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Other than job stability, profession is also an important factor which can affect your ICICI Bank eligibility. If you are working with a reputed company, probability of getting personal loan from ICICI Bank increases as the income is considered to be more stable
    • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your personal loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your personal loan eligibility.
    • Loan Amount: ICICI Bank gives you personal loan depending upon your income. ICICI Bank gives you an amount ranging from Rs. 100,000 to Rs. 2,500,000. To improve chances of approval, apply for a loan amount that you can comfortably service.
    Estimated eligibility online by using Eligibility Calculator.
    Popular Products:
    • Loan for Vacation or Wedding
    • Loan for Home Renovation
    Maximum Annual Percentage Rate (APR) 11.89% to 22.4%
    Representative example of the total cost of the loan, including all applicable fees
    Here is an illustration of the total cost of the loan:
    • Total amount borrowed: Rs. 100,000
    • Time period: 12 months to 60 months
    • ICICI Bank Personal Loan Interest Rate: 11.49% to 22.00%
    • Processing Fee payable to ICICI Bank: Upto Rs. 2,000. Current offer for processing fee is 0.25% to 1.50%; Min - Rs. 999
    • Fee payable to MyLoanCare: NIL
    • Total Monthly Cost – From Rs. 2,199 for a 60 months Rs. 100,000 loan at 11.49% (lowest rate, longest time period) to Rs. 9,359 for a 12 months Rs. 100,000 loan at 22.00% (highest rate, shortest time period). This is inclusive of principal repayment.
    • Annual Percentage Rate (APR) of charge including all applicable fees: 11.89% to 22.4%
    • Total cost payable over loan tenure: Rs. 14,313 for 12 months loan to Rs. 33,926 for 60 months loan
    ICICI Bank’s terms and conditions as per loan agreement applicable. Short term loans/ pay day loans not available; minimum loan tenure - 12 months. Rate of interest depends upon company categorization, income, job stability, loan amount, CIBIL score, credit profile, existing obligations, verification and other factors. Credit at sole discretion of ICICI Bank.

    ICICI Bank Personal Loan Top up, Transfer

    Transfer of personal loan from another bank to ICICI Bank?
    ICICI Bank offers personal loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of ICICI Bank
    You can avail additional top-up personal loan from ICICI Bank, subject to your eligibility

    Personal Loan ICICI documents required

    Personal loan for Salaried employee ICICI Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 3 months payslip, 2 years Form 16, 3 months bank statement showing salary credit and any EMI debit

    Personal loan for Self-Employed ICICI Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 3 years audited financials, 6 months bank statement
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof

    Compare ICICI Personal Loan

    ICICI Personal Loan in India

    ICICI Bank Personal Loan Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 808-166-7777
    Ahmedabad 079-33667777/ 079-44455000
    Ambala 901-766-7777
    Anand 800-066-7777
    Aurangabad 902-166-7777
    Bangalore 080-33667777/ 080-44455000
    Bhilai 909-866-7777
    Bhilwara 787-766-7777
    Bhiwadi 787-766-7777
    Bhopal 0755-3366777
    Bhubaneswar Cuttack 0674-3366777
    Bikaner 787-766-7777
    Chandigarh 0172-3366777/ 0172-4445500
    Chennai 044-33667777/ 044-44455000
    Cochin 902-066-7777
    Coimbatore 0730-566-7777
    Dehradun 0135-3366777
    Delhi 011-33667777/ 011-44455000
    Durg 909-866-7777
    Faridabad 901-766-7777
    Gandhinagar 800-066-7777
    Ghaziabad 808-166-7777
    Goa 902-166-7777
    Greater Noida 808-166-7777
    Gurgaon 0124-3366777/ 0124- 4445500
    Guwahati 986-466-7777
    Gwalior 909-866-7777
    Hyderabad 040-33667777/ 040-44455000
    Indore 909-866-7777
    Jabalpur 909-866-7777
    Jaipur 0141-3366777/ 0141-4445500
    Jalandhar 730-766-7777
    Jodhpur 787-766-7777
    Kanpur 808-166-7777
    Karnal 901-766-7777
    Kolhapur 902-166-7777
    Kolkata 033-33667777/ 033-44455000
    Kota 787-766-7777
    Kozhikode 902-066-7777
    Lucknow 0161-3366777/ 0161-4445500
    Ludhiana 730-766-7777
    Madurai 0730-566-7777
    Meerut 808-166-7777
    Mehsana 800-066-7777
    Mohali Sas Nagar 730-766-7777
    Mumbai 022-33667777/ 022-44455000
    Mussoorie 808-166-7777
    Nagpur 902-166-7777
    Nashik 902-166-7777
    Noida 808-166-7777
    Noida Extn. 808-166-7777
    Panipat 901-766-7777
    Patna 0612-3366777
    Pondicherry 0730-566-7777
    Pune 902-166-7777
    Raipur 0771-3366777
    Rajkot 800-066-7777
    Ranchi 0651-3366777
    Rohtak 901-766-7777
    Roorkee 808-166-7777
    Salem 0730-566-7777
    Shimla 0177-3366777
    Sonepat 901-766-7777
    Surat 800-066-7777
    Trichy 0730-566-7777
    Udaipur 787-766-7777
    Vadodara 800-066-7777
    Varanasi 808-166-7777
    Vijaywada 730-666-7777
    Vizag 730-666-7777
ICICI Personal Loan News - Dec 2016
15th Mar 16 ICICI Bank launches Ferrari range of credit cards
ICICI Bank announced the launch of co branded credit cards with Italian luxury sports car manufacturer, Ferrari. The bank will issue two types of cards. The platinum card would have a joining fee of Rs 999 plus service tax, it would also have an annual fee of Rs 499 each year which would be waived off if spends in the previous year are of Rs 125000 or above. For the signature card, the joining fee is Rs 3,999 plus service tax, while the annual fee of Rs 999 each year would be waived off if spends in the previous year touch Rs 250000 and above.
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