ICICI Bank personal loan interest rate and EMI calculator
ICICI Bank's personal loan for salaried and self-employed people, up to ₹50 lakh over up to 7 years at a fixed 9.99% to 16.50% a year, with no foreclosure or part-payment charge after 24 EMIs.
- 9.99% to 16.5% a year
- Up to ₹50 lakh
- 1 year to 7 years
We don't arrange ICICI Bank loans. These figures are from ICICI Bank's own pages, for comparison; apply on ICICI Bank's own website or branch.
Rates and charges
- Interest rate
- 9.99% to 16.5% a year
- Other published rates
- Fixed rate of 9.99% to 16.50% a year: ICICI Bank's 1-year MCLR (8.40%) plus a spread of 1.59% to 8.10%. Loans given in Jul–Sep 2026 ranged from 9.99% to 16.50% (average 11.60%). The rate depends on loan amount, profile, employment type and your relationship with the bank. No separate rate is published for government employees.
- Processing fee
- Up to 2% of the loan + GST. Not refunded if you cancel.
- Loan amount
- Up to ₹50 lakh
- Tenure
- 1 year to 7 years
- Closing early
- 3% of the principal still owed + GST, and nothing once you've paid 24 EMIs. You can close the loan after paying at least one EMI.
- Part-prepayment
- 3% of the amount prepaid + GST while the loan is under 24 months old, and nothing after that. For loans from 1 Jan 2026, you can part-pay any number of times a year, at least one EMI's worth each time.
- Who can apply
- Salaried and Self-employed
- Minimum income
- ₹30,000 a month
- Age
- 20–58 years if salaried; 23–65 years if self-employed
ICICI Bank personal loan EMI calculator
Prefilled with ICICI Bank's lowest published rate and its highest published processing fee (2%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹16,131
- Total interest
- ₹80,725
- Processing fee + 18% GST
- ₹11,800
- Total cost of the loan
- ₹92,525
- Effective annual cost
- 11.64%
- Money in hand
- ₹4,88,200
- You pay back in 3 yr
- ₹5,92,525
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months | ₹43,956 | ₹27,467 | ₹39,267 | 14.53% |
| 24 months | ₹23,070 | ₹53,684 | ₹65,484 | 12.39% |
| 36 months (yours) | ₹16,131 | ₹80,725 | ₹92,525 | 11.64% |
| 48 months | ₹12,679 | ₹1,08,587 | ₹1,20,387 | 11.26% |
| 60 months | ₹10,621 | ₹1,37,264 | ₹1,49,064 | 11.03% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
Lenders you can apply to through us
The lowest published starting rates among the lenders we compare. We may earn a commission from these.
- IDFC FIRST BankFrom 9.99% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- Poonawalla FincorpFrom 9.99% a year · ₹1 lakh to ₹50 lakhApply nowVia our referral partner. We may earn a commission.
- InCred10% to 36% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
- KreditBee12% to 27.5% a year · ₹3,000 to ₹10 lakhApply nowVia our referral partner. We may earn a commission.
Not sure which lender will approve you? See offers matched to your profile
Check your loan offersVia our referral partner. It uses your PAN, credit score and income to suggest lenders likely to approve you. Approval isn't guaranteed. We may earn a commission. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.
Questions people ask
What is the ICICI Bank personal loan interest rate?
ICICI Bank publishes 9.99% to 16.5% a year. Fixed rate of 9.99% to 16.50% a year: ICICI Bank's 1-year MCLR (8.40%) plus a spread of 1.59% to 8.10%. Loans given in Jul–Sep 2026 ranged from 9.99% to 16.50% (average 11.60%). The rate depends on loan amount, profile, employment type and your relationship with the bank. No separate rate is published for government employees. The rate you're offered depends on your credit score, income and employer.
What is the EMI on a ₹5 lakh ICICI Bank personal loan?
At ICICI Bank's lowest published rate of 9.99%, about ₹16,131 a month over 36 months; at 16.5%, about ₹17,702. Use the calculator above for your own amount and tenure.
What is ICICI Bank's personal loan processing fee?
Up to 2% of the loan + GST. Not refunded if you cancel. GST at 18% is added to the fee.
Can I close a ICICI Bank personal loan early?
Closing early: 3% of the principal still owed + GST, and nothing once you've paid 24 EMIs. You can close the loan after paying at least one EMI. Part-prepayment: 3% of the amount prepaid + GST while the loan is under 24 months old, and nothing after that. For loans from 1 Jan 2026, you can part-pay any number of times a year, at least one EMI's worth each time.
Can I apply for a ICICI Bank personal loan through CreditParakh?
No. We don't arrange ICICI Bank loans; apply on ICICI Bank's own website, app or branch. If you'd like offers from several lenders at once, our partner's matching page suggests lenders based on your profile.
Related
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- Big banks' personal loan ratesSBI, HDFC, ICICI and others side by side
- Processing fees and foreclosure chargesEvery lender's charges in rupees
Last verified 21 Oct 2026 on each issuer's official page. Rates and fees change; check the lender's terms before you apply.
Source (ICICI Bank's own page, not linked because we don't arrange its loans): https://www.icici.bank.in/personal-banking/loans/personal-loan/personal-loan-interest-rates. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.