Personal Loans FAQs

You can initiate pre-closure of a Personal Loan through the iMobile app.

If you are an existing ICICI Bank customer having a Savings Account with us, please follow the below:

Step 1: Log into the iMobile app and navigate to the ‘Loans’ section

Step 2: Tap on ‘More options’ after selecting Personal Loan

Step 3: Click on the ‘Pre-Closure’ option and verify the pending payment details

Step 4: Tick both the checkboxes and click on ‘I Agree’

Step 5: Click on ‘Confirm’ and your request will be raised.

Note: The amount in the Savings Account should be equivalent or greater than the pending payment amount of the Loan.

If you are an ICICI Bank customer and do not have a Saving Account with us, please follow the below:

Step 1: Log into the iMobile app and navigate to the ‘Loans’ section

Step 2: Tap to ‘More options’ after selecting Personal Loan

Step 3: Click on the ‘Pre-Closure’ option and verify the pending payment details

Step 4: Tick both the checkboxes and click on ‘I Agree’

Step 5: Click on ‘Confirm’ and make the payment to the UPI ID mentioned. 

For prepayment of your Personal Loan, please visit the nearest ICICI Bank Asset 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 Rs 50,000)
• Payment can be made through cash, cheque or demand draft.

If you are an existing ICICI Bank customer having a Savings Account with us, please follow the below:

Step 1: Log into the iMobile app and navigate to the ‘Loans’ section

Step 2: Tap on ‘More options’ after selecting Personal Loan

Step 3: Click on the ‘Partial Prepayment’ option and enter the desired amount

Step 4: Confirm the Partial Prepayment details

Step 5: Tick the checkbox and click on ‘I Agree’

Step 6: Click on ‘Confirm’ and your request will be raised.

Note: The amount in the Savings Account should be equivalent or greater than the pending payment amount of the Loan.

If you are an ICICI Bank customer and do not have a Saving Account with us, please follow the below:

Step 1: Log into the iMobile app and navigate to the ‘Loans’ section

Step 2: Tap on ‘More options’ after selecting Personal Loan

Step 3: Click on the ‘Partial Prepayment’ option and enter the desired amount

Step 4: Confirm the Partial Prepayment details

Step 5: Tick the checkbox and click on ‘I Agree’

Step 6: Click on ‘Confirm’ and make the payment to the UPI ID mentioned. 

A processing fee is levied on loan, basis the defined pricing matrix followed by the bank. This fee will be deducted from the disbursal amount payable to you.

ICICI bank offers personal loan at affordable interest rates.Click Here

*Loan Cancellation Charges

*Acceptance of request for cancellation of loan is at the sole discretion of the Bank.

You can repay the loan in Equated Monthly Instalments (EMIs). If you have an ICICI Bank Account, you can mandate us to directly debit the same through auto debit mandate or if you have an alternate bank account, then through NACH mandate.

Please click any of the links below or type your query if you don’t see the right option.

• Apply for Personal Loan
• Personal Loan EMI Calculator
• Personal Loan Eligibility Calculator
• Personal Loan Interest Rate
• Loans for Business
• Service Charges & Fees for Personal Loans

The loan can be repaid over a period of 12 to 72 months

We offer Top-up facility if you have paid 6 Equated Monthly Instalments (EMIs) on the existing Personal Loan.

You can pre-close or pre-pay your Business Loan by paying the applicable pre-closure charges after the 1st EMI payment. Currently, the applicable pre-closure charge is 3 of the outstanding loan amount (plus applicable tax). Afterpayiny 12 EMIs, the charges are NIL. Loans classified under Micro and Small Enterprises (MSE) can also pre-close the loan after the 1st EMI payment with NIL charges.

We offer Balance Transfer Facility if you have paid 12 EMI. Please contact your nearest branch or our call center for further details.

• Doctor: 60 Months

• Professional (CA, CS, CWA and Architect): 48 Months

• Other: 36 Months

To check the maximum tenure under BIL, please CLICK HERE

There are 6 types of BIL Programme

• BIL Audited Financial
• BIL Doctor
• BIL Banking Surrogate
• BIL Professional Program
• BIL Backed by FD

• Proprietorship Firm/ Self-employed Individual
• Partnership Firm/ LLP: Partners with at least 51% Stake to be taken co-applicant
• Private Ltd Company: Director(s) with at least 51% stake to be taken co-applicant
• Public Ltd Company: One director to be taken co-applicant

You may update your mailing address, mobile number or e-mail ID with below:

1. At any ICICI Bank branch:
   • Visit any ICICI Bank loan branch with a valid photo ID proof and submit an application.

You can apply for personal loan through website by following below steps:

Click here and Enter your desired loan amount

Provide your basic personal and work-related information

Review your loan amount and tenure

Confirm your loan application

Get the loan disbursed

You can apply through imobile app be following below steps: 

Step 1: Log into the iMobile app

Step 2: Navigate to ‘Get Instant Loan’ and click on 'Apply now' in the Personal Loan section

Step 3: Enter your required loan amount

Step 4: Validate all the details of your loan

Step 5: Accept the Terms and Conditions by checking the box and click on ‘Disburse Now’

Step 6: Authenticate through Aadhaar-based eSign and then click on ‘Submit

Customer Care:
You may call our Customer Care on 1800 1080 between 08:00 a.m. and 08:00 p.m. (Monday-Saturday) To know the Customer Care numbers, please click here .

ICICI Bank branch:
Please visit the nearest ICICI Bank Asset Servicing Branch along with your valid ID proof, address proof, 3 months bank statement in which your salary is credited, last 3 months' salary slips and Form -16 for the current/ previous financial year, Adhar Card and PAN Card. To locate the nearest ICICI Bank Asset Servicing Branch, visit maps.icicibank.com/mobile .

We offer Top Up facility if you have paid 12 EMI on the existing Personal Loan. You can Place the request for Top up on existing Personal Loan through the following Channels:

Internet Banking

Log in to www.icicibank.com with your user ID and password--> Main Page --> Select Loans options in My Accounts --> Click on Apply for Loans --> Under Personal loan option - Click on Apply now --> Check the Eligibility and Click on Apply Now

Customer Care:

You may also call our Customer Care on 1800 1080 between 8:00 a.m. and 8:00 p.m.

To know the Customer Care numbers, we request you to click here

ICICI Bank branch :

Please visit the nearest ICICI Bank Loan servicing branch along with your valid ID proof, Address Proof, 3 Months bank statement in which his salary is credited, Latest 3 months Salary slips and Form -16 for the current / previous financial year.

We request you to look for the nearest ICICI Bank Loan Servicing Branch in our website: www.icicibank.com Find ATM/Branch.

No. ICICI Bank Business Instalment Loan doesn’t require any collateral or security guarantee. It is an unsecured loan.

The minimum business vintage required under BIL is 5 years. Current 2 years and Total >= 3years

• Proprietorship Firm

• Partnership Firm/ LLP

• Private Limited Company

• Public Limited Company

Business Instalment loan (BIL) is an unsecured loan which is provided to a self-employed individual and entity. A business instalment loan is a business loan that can be availed for any business upgrade or equipment purchase.

Yes. ICICI Bank offers a facility where in both partners can together apply for ICICI Bank Business Instalment Loan.

Yes, co-applicant is required in BIL and under the below circumstances:

1. If self-employed Individuals age is more than 55 years
2. Customer is company or Partnership firm

Below are the available BIL Programs

• BIL Audited Financial
• BIL Doctor
• BIL Banking Surrogate
• BIL Professional Program
• BIL Backed by FD
< /ul>

A Business Loan can be applied based on the following:

• Audited/ CA Certified Financial
• GST Program
• Banking Program
• Doctors Program
• Loan to Self Employed Professional

There are different criteria based on which one’s eligibility is decided. You can check your eligibility:

• Age: Minimum age is 23 years, maximum age at the end of the tenure is 65 years
• Maximum loan amount: Up to Rs 50 lakh
• Business Vintage: 2 years in the current business and total experience >= 3 years.

Note

ICICI Bank provides Loans to self-employed individuals under business instalment loans.