Enter your organisation’s full legal name. For example, if you work at “ACCENTURE”, search for “ACCENTURE INDIA PRIVATE LIMITED” from the list.
Disclaimer*: For representation purpose only. Final values may vary subject to bank’s policy
Personal Loan Interest Rates 2026
Interest rate of a Personal Loan refers 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.
Latest Personal Loan Interest Rates and Charges: ICICI Bank
| Particulars | Interest rates and applicable charges |
|---|---|
Personal Loan interest rates | Between 9.99% and 16.50% per annum |
Processing Charges | Up to 2% of the loan amount (non-refundable) + applicable taxes |
Pre-payment/Foreclosure Charges |
|
For a detailed breakdown of processing fees and other costs, check our detailed fees and charges page.
Latest MCLR (benchmark rate)
| ICICI Bank MCLR – 1 Year (A) | Spread (B) | Effective Rate of Interest (A+B) |
|---|---|---|
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 apply.
Interest Rate Range for Personal Loans for period July 2026 to September 2026
| Type of Loan | Maximum Rate | Minimum Rate | Mean Rate |
|---|---|---|---|
Personal Loan | 16.50% per annum | 9.99% per annum | 11.60% per annum |
Note: The above excludes subsidies, government schemes and loans disbursed under the Emergency Credit Line Guarantee Scheme (ECLGS) at the mandated interest rate of 9.25%.
Personal Loan Annual Percentage Rate (APR)
Annual Percentage Rate (APR) is the annual cost of credit which includes interest rate and all other charges associated with the loan.
Please click here to download the APR calculate and calculate these charges.
Notes:
- The specific interest rate applicable to a customer is dependent on the segment, asset category and location.
- ICICI Bank reserves the right to revise the Rate of Interest and Processing Fee from time to time, at its sole discretion.
- GST and other government taxes, levies, etc., applicable as per the prevailing rates will be charged over and above the mentioned charges at the discretion of the Bank.
- The charges or fees given in the table are subject to change and the charges or fees recorded in your agreement will be binding over the details mentioned here.
Fees and Service Charges of Personal Loan
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.
Personal Loan Fees and Charges (Key Charges)
| Charge Type | Details |
|---|---|
| Processing Fee | Up to 2% of the loan amount (non-refundable) |
| Loan Cancellation Charges | Nil within the 15-day cooling-off period (processing fee non-refundable); ₹2,500 after the cooling-off period |
| Pre-payment / Foreclosure Charges |
|
| Part Payment Charges |
|
| Late Payment / EMI Bounce Charges | ₹ 500 per instance |
| Late Payment Interest (Penal Interest) | 5% per annum on overdue EMI until repayment |
| Non-Maintenance of Mode of Payment (NMMP) | ₹ 800 |
To know the detailed fees and charges, visit the Personal Loan fees and charges section.
Disclaimer: All charges mentioned above are exclusive of applicable taxes, including GST and are subject to change at the bank's discretion. Charges may vary based on loan terms, borrower profile and applicable policies. Terms and conditions apply as per the loan agreement.
Factors that affect Personal Loan interest rates
Personal Loan interest rates are determined after evaluating several financial and personal factors to assess repayment ability and overall risk. These factors play an important role in deciding the final Personal Loan interest rate offered to an applicant.
- Stable Employment: A steady job and regular income are important factors. Applicants with stable employment are often seen as lower risk, which can positively influence the rate offered.
- Strong Credit Profile: Credit history plays a key role in determining the interest rate. A good credit score reflects responsible repayment behaviour and financial discipline. This increases the chances of being offered a more favourable rate.
- Existing Debt: Banks check ongoing loans and monthly repayments to understand financial pressure. A lower debt-to-income ratio improves the chances of approval for a Personal Loan.
- Income Level: Consistent and sufficient income supports repayment ability. Higher and stable income can positively influence loan approval and may help in securing a more favourable interest rate.
Along with these factors, market conditions and bank policies also affect pricing.
Maintaining a stable financial profile can help borrowers access a favourable interest rate on a Personal Loan and better repayment terms.
How to Calculate Personal Loan EMI
- Personal Loan EMIs are calculated using the loan amount, interest rate and repayment tenure.
- The EMI is determined using factors such as principal amount, monthly interest rate and number of instalments.
- A Personal Loan EMI Calculator can help estimate monthly EMI and total repayment amount instantly.
- Applicants can adjust the loan amount and tenure to understand different repayment scenarios.
- Factors such as credit score, income stability, repayment history and existing liabilities may influence the final interest rate offered.
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.
