Manage planned or unforeseen expenses with ease. Apply for a ₹20 lakh Personal Loan from ICICI Bank and get fast approvals, minimal documentation and fully digital processing. Whether it is higher education, travel, medical emergency, wedding or home renovation, a Personal Loan gives you instant financial support with complete flexibility.
Amount
Interest Rate
Duration
Disclaimer: The products, services and offers referred to herein are subject to the Terms and Conditions governing them as specified by ICICI Bank from time to time on www.icicibank.in
Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/ services of ICICI Bank.
With ICICI Bank Personal Loans, there are no hidden charges. All fees are clearly disclosed upfront for transparency.
Zero foreclosure charges after payment of 12 EMIs.
Personal Loan with a repayment tenure of up to 72 months.
Secure a Personal Loan without the need to pledge any collateral, simplifying the borrowing process and making it hassle free
Apply for a Loan up to ₹ 50 lakh; 100% digitally.
Benefit from stable & predictable interest rates that ensure consistency in your monthly payments.
Indian citizens aged between 20-58 years can apply for this loan.
Proof of identity and residence
Latest 3 months' bank statement (where the salary / income is credited)
Salary slips for the last 3 months
PAN Card and Adhaar Card
Proof of identity and residence
Income proof (audited financials for the last 2 years)
Latest 6 months’ bank statement
Proof of office address
Proof of residence or office ownership
Proof of continuity of business.
Select your loan amount and preferred tenure
Enter your personal, financial and employment details
Review the personalised loan offer displayed
Confirm all details and submit your application
Get instant approval and receive the loan amount directly in your account
Log in to the iMobile app
Navigate to Loans
Select Personal Loan and enter your desired amount
Provide the required personal and employment details
Verify your information and accept the offer
Complete digital verification and receive the loan disbursal
Visit any ICICI Bank branch
Fill out the Personal Loan application form
Submit identity, address and income documents
Review your loan offer
Complete verification and receive the loan amount
To qualify for a ₹20 lakh loan at ICICI Bank, you must meet the personal loan eligibility criteria based on your profession:p>
| Parameter | Salaried employees | Self-employed Professionals | Non-professionals | Doctors |
|---|---|---|---|---|
| Age | 20-58 | 28–65 | 25–65 | |
| Minimum income | ₹30,000 per month | ₹15 lakh turnover | ₹40 lakh turnover | |
| Experience | 2 years in the current job 1 year in the current residence | 5 years | 3 years | |
| Minimum profit | ₹2 lakh after tax | ₹1 lakh after tax |
Plan your EMI in line with monthly income.
Maintain timely repayments to avoid penalties.
Avoid taking additional credit during tenure.
Review loan statements regularly to monitor outstanding balance.
You may use the Personal Loan EMI calculator to estimate your monthly instalments.
These loans offer a financial lifeline during times of unexpected health crisis
Create cherished memories with no compromise, ensuring your wedding is as beautiful as you envisioned
Transforming your living space into a dream home becomes effortless with ICICI Bank Personal loan
Upgrade your gadgets, ensuring you have the tools and devices needed for work, leisure, and staying connected
Unlock the world of travel, fulfilling your wanderlust and creating unforgettable adventures
Pursue knowledge and skills through online courses, opening doors to new opportunities and career advancement
Interest rates depends on your eligibility and loan tenure. For latetst interest rates, click here.
Credit assessment is generally required. Approval depends on income profile, repayment history and internal eligibility norms. For select customers with a pre-approved offer from ICICI Bank, the bank already knows the credit score based on existing banking relationships. In such cases, the credit score may not be checked again at the time of applying for the loan. For all other customers, the bank will check the credit score when they apply for a Personal Loan to determine loan eligibility.
Disbursal timelines depend on documentation completeness and internal approval procedures. For an ICICI Bank customer with a pre-approved personal loan offer, disbursement is completed within 2 hrs. For customers without a pre-approved offer, it may take around one working day to do a credit assessment and loan disbursement, subject to the customer's eligibility and internal assessment.
Minimum salary requirements depend on eligibility criteria and internal assessment policies. However, you can check your eligibility online in a few clicks by applying for a Personal Loan. You can use the ICICI Bank eligibility calculator to get an estimate of the loan amount you are eligible for.
Personal Loans do not qualify for any tax benefits.
