Personal Loans FAQs

Personal Loan is an unsecured credit facility for personal use, i.e., a loan that does not require collateral. You can borrow funds by availing the loan and repay it through fixed monthly EMIs. The EMI amount depends on the loan amount, interest rate and tenure.

You can use a Personal Loan for travel, wedding expenses, home renovation, medical bills or debt consolidation. It’s a flexible financing option for any personal need.

You can apply using ICICI Bank’s website, Net Banking or the iMobile app. The online process provides quick approval and disbursement.

You can avail a Personal Loan between ₹ 50,000 and ₹ 50,00,000, depending on your income and eligibility. The Personal Loan eligibility calculator helps you estimate your approved loan amount.

Loan tenure typically ranges from 12 to 72 months. A Personal Loan EMI calculator can help you choose the most suitable repayment term.

Yes, ICICI Banks offer 100% digital loan applications with e-KYC and online documentation for quick approval.

Once approved, the loan amount is usually disbursed within 24-72 hours directly into your account.

ICICI Bank instant personal loans typically offer repayment tenures ranging from 6 months to 72 months. Shorter tenures result in higher EMIs but faster loan closure.

An ICICI Bank personal loan is an unsecured loan that can be used for any personal purpose. The loan is repaid through fixed monthly EMIs over a chosen tenure at a predetermined interest rate.

You should consider the interest rate (APR), tenure, EMI affordability, your CIBIL score, processing fees, prepayment and foreclosure rules, and ICICI Bank’s credibility and service reliability.

ICICI Bank secured loans require collateral such as fixed deposits or gold and offer lower interest rates, while unsecured personal loans do not require collateral and carry comparatively higher interest rates.

The debt snowball method focuses on repaying the smallest debt first, while the debt avalanche method prioritizes clearing the highest interest debt first. The avalanche method helps save more interest overall.

Timely repayment of EMIs on an ICICI Bank personal loan improves your credit score, while delayed or missed EMIs negatively impact your credit profile.

Copies of proof of business, ITRs, KYC documents and latest bank statements are mandatory for verification of self-employed individuals.

Yes, PAN is required for income verification and CIBIL report generation.

Yes, you can securely upload documents through ICICI Bank’s portal or app for faster approval.

No guarantor is required unless specifically requested based on your profile (credit score / income).

Yes, scanned copies in clear format are valid for online verification.

Salaried applicants need to submit copies of their PAN Card, Aadhaar Card, recent salary slips, address proof and bank statements of the last 3-6 months.

ICICI Banks requires a minimum monthly salary of ₹ 25,000 per month. The Personal Loan eligibility calculator confirms the maximum amount you are eligible for.

A CIBIL score of 700 or higher improves chances of loan approval and helps you get a low rate of interest.

Yes, a spouse or family member can co-apply to improve eligibility or increase the sanctioned loan amount.

Rejection may occur due to low credit score, high existing EMIs or incomplete documentation. Review and reapply after improving your profile.

Yes, if your income supports the EMI-to-income ratio. The Personal loan eligibility calculator helps evaluate your eligibility.

Yes, self-employed applicants can apply with valid business proof, ITRs and bank statements.

Yes, salaried applicants often get faster approvals. Self-employed applicants need proof of stable business operations.

Yes, you can reapply after resolving issues in your credit report or providing updated income details.

Yes, using an online eligibility calculator doesn’t impact your credit score.

ICICI Bank may reject a personal loan due to a low CIBIL score (below 700), high credit utilization, unstable job history, low salary eligibility, multiple existing loans, incorrect or mismatched documents, too many recent loan inquiries, or if the employer is not on ICICI Bank’s approved list.

To improve approval chances with ICICI Bank, maintain a CIBIL score above 700, keep your debt-to-income ratio below 50%, credit your salary into a single bank account, avoid frequent loan applications, ensure no cheque bounces in the last six months, maintain a healthy average bank balance, and provide accurate KYC details. Salary account holders with ICICI Bank have higher approval probability.

Yes, ICICI Bank offers a 100% digital personal loan process using Aadhaar e-KYC, PAN verification, digital bank statement retrieval through Account Aggregator or net banking, and Aadhaar-based e-sign. The entire process, including disbursal, is completed online without a branch visit.

Log in to the ICICI Bank iMobile app, go to the “Get Instant Offers & Rewards” section, provide consent to view your offer, select “Personal Loan – Apply Now,” enter the loan amount and tenure, review the loan documents, and complete Aadhaar e-sign to finish the application.

Pre-approved personal loans from ICICI Bank are typically available to salary account holders with a strong CIBIL score, consistent salary credits, and a good transaction and repayment history. These loans require minimal documentation and offer faster approval.

No. Aadhaar is sufficient only for identity verification. ICICI Bank also requires PAN for credit bureau checks, bank account verification, and income assessment. Aadhaar alone cannot be used for legal loan approval.

Yes. For salaried applicants, ICICI Bank verifies income through Account Aggregator, net banking access, or uploaded bank statements. For self-employed applicants, income is verified through ITRs, GST returns, and turnover details.

Log in to ICICI Bank’s iMobile app or internet banking, check the “Personal Loan Top-Up” option under “Get Instant Offers,” verify eligibility, select the amount and tenure, review the interest rate, complete e-KYC if required, and e-sign the agreement for instant disbursal.

To be eligible for a top-up loan, customers must have paid at least 6–12 EMIs on their existing ICICI Bank personal loan, have no missed payments, and maintain a strong CIBIL score.

ICICI Bank generally prefers a debt-to-income (FOIR) ratio below 40–45%. Ratios above 50% significantly reduce approval chances.

Emergency personal loans can be applied instantly through the ICICI Bank iMobile app or the digital personal loan journey.

ICICI Bank’s digital journey requires Aadhaar, PAN, and bank statements; however, loan approval is subject to eligibility checks including income and credit profile.

Required documents include Aadhaar for KYC, PAN for credit bureau verification, bank statements, and income proof where applicable.

Pre-approved personal loan offers can be checked through ICICI Bank’s iMobile app or internet banking based on your CIBIL score, salary credits, and repayment behavior.

Salaried and self-employed individuals with regular income and a good credit history can apply for a Personal Loan. Use an online Personal loan eligibility calculator to check your eligibility.

Repay via Auto Debit / NACH / ECS mandate from your registered bank account.

Yes, you can request for EMI date modification by calling Customer Care or visiting a Branch.

Yes, you can part-prepay or fully close your loan with applicable charges after paying 6-12 EMIs.

Yes, part pre-payment reduces the outstanding principal and thus results in savings.

Late payment attracts penal charges and might lower your CIBIL score.

The EMI can be adjusted by changing the loan tenure or opting for a Balance Transfer.

A Personal Loan EMI calculator estimates your monthly instalment (EMI) based on loan amount, interest rate and tenure.

ICICI Bank offers a Top-Up Loan if you have paid 12 EMI on your existing Personal Loan. You can place the request for a Top-Up Loan through the following channels:

Net Banking:

• Log into Net Banking with your User ID and password

• On the main page, click on ‘Loans’

• Click on ‘Apply online’

• Under the Personal Loan section, click on ‘APPLY NOW’.

Customer Care:
Call our Customer Care on 1800 1080 between 8:00 a.m. and 8:00 p.m.

Branch:
Please visit any ICICI Bank Loan-Servicing Branch along with your valid ID proof, address proof, 3 months’ bank statement of the account in which your salary is credited, latest 3 months’ salary slips and Form 16 for the current / previous financial year.

You can search for the nearest ICICI Bank Loan Servicing Branch on our website at: www.icicibank.com > Find ATM/Branch.

Processing fees are typically 1-2% of the sanctioned loan amount, plus applicable GST.

No. All fees, including pre-payment and foreclosure charges, are disclosed in the loan agreement.

Yes. You can get a Top-Up Loan after successfully paying 6-12 EMIs of your existing loan.

Yes. You can transfer your existing Personal Loan to ICICI Bank after paying 12 EMIs, for a better interest rate and reduced EMIs.

Maintain a strong credit score, steady income and long-standing relationship with the Bank to get a better rate.

Yes, GST is applicable on all processing and service-related charges.

The annual percentage rate (APR) includes interest and all additional fees.

For pre-payment of your Personal Loan, please visit any ICICI Bank Loan-Servicing Branch. We request you to carry the following documents to complete the process:

• Request Letter signed by the loan applicant

• PAN Card (if the mode of payment is cash and the amount is more than ₹ 50,000)

Payment can be made through cash, cheque or demand draft.

You can foreclose your loan after paying at least 6-12 EMIs, depending on the lender’s policy.

Foreclosure charges are typically 3-5% of the outstanding principal, plus GST.

A Balance Transfer calculator helps compare your current loan’s interest rate with that offered by another bank to calculate your savings.

No. In fact, if your EMIs are paid on time, it might even improve your credit score.

You’ll need to submit the loan statement, foreclosure letter and KYC proof to the new lender.

The best time to apply is during festive seasons when ICICI Bank runs special offers, when your CIBIL score is high, after a salary hike or promotion, or during month-end and quarter-end campaign periods.

ICICI Bank personal loan interest rates typically range between 10% and 18%, depending on the applicant’s credit profile. Customers with strong credit scores (750+) may qualify for rates around 10%–12%.

ICICI Bank charges a processing fee along with applicable GST for online personal loan applications.

Interest rates generally range between 9.99% and 16.50% p.a., based on your credit score and income.

ICICI Bank allows part-payment of the principal amount. The minimum part-payment must be equal to one EMI, while the maximum allowed is the total outstanding amount minus one EMI. There is no requirement to complete a minimum number of EMIs or Pre-EMIs before part-payment. Customers can make part-payments multiple times within a financial year.

You will get your NOC (No Objection Certificate) within 5-7 working days of the final payment confirmation.

Yes, with an authorisation letter and your ID proof.

Check your updated CIBIL report 30-45 days after receiving the NOC.

Pay the full outstanding amount and submit a closure request at the Branch or via Customer Care.

A Personal loan eligibility calculator helps you check the loan amount you qualify for, based on your income and existing obligations.

They help you plan EMIs, compare offers from different lenders and avoid over-borrowing.

Yes, most calculators allow you to view or download EMI and interest breakup.

Yes, the ICICI Bank Personal Loan Calculator helps customers estimate monthly EMI based on loan amount, interest rate, and tenure.

Yes, within a limited window, subject to charges and approval.

Visit the ICICI Bank website or log into the iMobile app and use the ‘Track Application’ option.

Log into Net Banking → Loans → Download Statement; or

Yes, you can update your mobile number and e-mail ID via Net Banking or the iMobile app.

Submit a new NACH mandate at any Branch to update EMI deduction details.

Defaulting may lead to a drop in your CIBIL score, legal notices, loan recall, and difficulty in obtaining future credit from ICICI Bank or other lenders.

Yes, ICICI Bank’s digital personal loan application process is available 24×7, including weekends and holidays.

ICICI Bank offers fully digital personal loan approval subject to eligibility criteria such as CIBIL score above 700, minimum salary of ₹20,000, debt-to-income ratio below 40%, valid bank statements, and clean credit history.

Yes, eligible customers applying through ICICI Bank’s digital journey can receive same-day personal loan disbursement.

Contact ICICI Bank Customer Care on 1800 1080 or visit any ICICI Bank Branch.