Interest rates on a Personal Loan refer to the annual cost of borrowing funds. Lenders set these rates based on various factors, including creditworthiness and market conditions. If you are looking for a favourable Personal Loan interest rate, it is important to maintain a good credit score and a stable financial profile. Borrowers can use personal loan interest rate calculators to estimate their monthly repayments. Personal Loan interest rates play a crucial role in determining the overall cost of the loan; borrowers should compare the rates and choose the most favourable option for their financial needs. ICICI Bank offers Personal Loans with competitive interest rates starting at 9.99%* per annum.
| Particulars | Interest rates and applicable charges |
|---|---|
Personal Loan interest rates | Between 9.99% and 16.50% per annum |
Processing Charges | Up to 2% + taxes |
Prepayment/Foreclosure | 3% of the outstanding principal amount; Nil after 24 EMIs paid |
For a detailed breakdown of processing fees and other costs, check our detailed fees and charges page.
| ICICI Bank MCLR – 1 Year | Spread | Effective ROI |
|---|---|---|
8.40% | 1.59% to 8.10% | 9.99% to 16.50% |
MCLR stands for the Marginal Cost of Funds based Lending Rate. MCLR is subject to change, which may affect the final interest rates and hence the above figures are indicative in nature. T&Cs.
Interest Rate Range for Personal Loans for period January 2026 to March 2026:
| Type of Credit Facility | Maximum | Minimum | Mean |
|---|---|---|---|
Personal Loan | 16.50% per annum | 9.99% per annum | 11.32% per annum |
Note:
It excludes subsidies, government schemes and loans disbursed under the Emergency Credit Line Guarantee Scheme (ECLGS) at the mandated interest rate of 9.25%.
Annual Percentage Rate (APR) is the annual cost of credit which includes interest rate and all other charges associated with the credit facility.
Please click here to download the APR calculate and calculate these charges.
Notes:
ICICI Bank offers a higher Personal Loan amount and lower EMIs at attractive interest rates. Please visit the ‘Penal and Service Charges’ tab on the ICICI Bank website to learn more about the fees and service charges applicable on an ICICI Bank Personal Loan.
As per Rule 9B of the Prevention of Money Laundering (Maintenance of Records) Rules, you are required to inform the bank if there are any changes in your KYC details along with the updated documents (i.e. address, contact details, profile, etc.) within a period of 30 days from the date the changes were made. Once you inform the bank, the necessary changes will be made in the bank records.
Disclaimer: The products, services and offers referred to here are subject to the Terms and Conditions governing them as specified by ICICI Bank from time to time on www.icici.bank.in. Nothing contained here will constitute or be deemed to constitute advice, invitation or solicitation to purchase any products/ services of ICICI Bank.
ICICI Bank Personal Loan interest rates start from 9.99% p.a., subject to eligibility and internal assessment.
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.icici.bank.in
Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/ services of ICICI Bank.
