Private Sector BankSalaried Employeesunsecured

ICICI Bank Personal Loan

आईसीआईसीआई बैंक पर्सनल लोन

ICICI Bank personal loan for salaried borrowers up to ₹50 Lakhs with instant digital approval.

Max Loan Amount

₹50,000 to ₹50,00,000

Interest Rate

10.65% - 19.00% p.a. (risk-grade fixed)

Tenure

12 to 72 months

Processing Fee

Up to 2.50% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

ICICI Bank's standard unsecured multi-purpose personal loan offering high loan quanta up to ₹50 Lakhs for salaried individuals, featuring instant online pre-approval and swift disbursals.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Mandatory 12-month lock-in on prepayment and foreclosure. • 3% foreclosure fee applies across entire loan duration post-lock-in. • Disbursed with optional loan protection insurance that adds upfront premium to loan balance unless unchecked. • Broken period interest debited from disbursement to first EMI.

✦ Key Benefits & Features

• High loan quantum up to ₹50 Lakhs for major medical, wedding, or relocation costs • Completely paperless application process via iMobile Pay • Repayment tenure up to 6 years (72 months) • 100% digital sanction letter generated within minutes.

✦ Prepayment, Part-Payment & Foreclosure Rules

Prepayment allowed after 12 EMIs: 3% of principal prepaid + GST; foreclosure fee 3% of principal outstanding + GST.

✦ Eligibility Requirements

Salaried employees in private limited companies, MNCs, Central/State Govt, and PSUs. Min Age: 23, Max Age: 58. Min Net Monthly Salary: ₹30,000. Min CIBIL: 730.

Min Age23 Years

Max Age58 Years

Min Monthly Income₹30,000

Min CIBIL Score730+

✦ Documents Required

• Identity & Address Proof: PAN Card, Aadhaar Card, Passport • Employment Proof: Employee ID card, appointment letter • Financial Proof: Last 3 months payslips, latest Form 16 • Bank Statements: Last 6 months bank statement.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Open iMobile Pay app > Loans > Personal Loan. 2. Review pre-qualified offer, select tenure, and complete Aadhaar OTP e-sign. 3. Disbursed instantly.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit icicibank.com > Personal Loans. 2. Submit mobile number, employer name, and net salary. 3. Verify salary via Account Aggregator or upload bank statements. 4. Complete video KYC and digital agreement.

Pathway C

Branch Walk-In Application

1. Visit nearest ICICI Bank branch. 2. Submit physical form, 3 months salary slips, Form 16, and bank statements. 3. Verification completed in 24 to 48 hours.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (ICICI Bank Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on ICICI Bank Personal Loan

What is the maximum loan tenure in ICICI Bank?

Up to 72 months (6 years) for salaried applicants.

Can I prepay part of my loan?

Part-prepayment is allowed only after payment of 12 full EMIs, subject to a 3% fee on the prepaid amount.

Is insurance compulsory?

No, loan protection insurance is optional and not mandatory for loan approval.