ICICI Bank Personal Loan EMI Calculator 2026 – Free Online Tool
💰 ICICI Bank: 10.85% – 16.65% p.a. | EMI ₹1L = ₹3,267/month (3yr)
🧮 ICICI Bank Personal Loan EMI Calculator
Loan Amount ₹1,00,000
Interest Rate (% p.a.) 10.85%
Tenure (Years) 3 Yrs
Your Monthly EMI
₹–
Principal Amount–
Total Interest Payable–
Total Amount Payable–
Enter details and click Calculate.
Principal vs Interest
Principal
Interest
📊 Year-wise Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance | P vs I Split |
|---|
📋 Table of Contents
🏢 ICICI Bank Personal Loan 2026 – Overview
ICICI Bank is India’s second largest private bank offering personal loans up to Rs. 50 lakh. ICICI personal loans feature instant pre-approved offers via iMobile Pay app, competitive rates and fully digital process with no branch visit needed. ICICI Bank is India’s second largest private bank with 6,000+ branches and 17,000+ ATMs. ICICI Bank was the first private bank to introduce fully digital personal loans and continues to be a leader in digital banking innovation.
| Parameter | Details |
|---|---|
| Interest Rate | 10.85% – 16.65% p.a. (reducing balance) |
| Loan Amount | ₹50,000 to ₹50 Lakh |
| Maximum Tenure | 6 years |
| Processing Time | 24 hours |
| EMI for ₹1 Lakh (3 yrs at 10.85%) | ₹3,267/month |
| Processing Fee | 1% – 3% of loan amount + 18% GST |
| Prepayment Charges | 2% – 5% after lock-in period |
| Collateral Required | None (unsecured personal loan) |
| Mode of Disbursal | Direct bank transfer (NEFT/IMPS) |
📈 ICICI Bank Personal Loan EMI – Quick Reference 2026
Use this quick reference table to check your approximate monthly EMI at 10.85% p.a. (minimum rate). For higher rates, use the calculator above.
| Loan Amount | 1 Year | 2 Years | 3 Years | 5 Years | Total Interest (3yr) |
|---|---|---|---|---|---|
| ₹50,000 | ₹4,416 | ₹2,327 | ₹1,633 | ₹1,083 | ₹8,802 |
| ₹1,00,000 | ₹8,831 | ₹4,654 | ₹3,267 | ₹2,167 | ₹17,604 |
| ₹2,00,000 | ₹17,662 | ₹9,308 | ₹6,534 | ₹4,334 | ₹35,208 |
| ₹3,00,000 | ₹26,494 | ₹13,961 | ₹9,800 | ₹6,500 | ₹52,811 |
| ₹5,00,000 | ₹44,156 | ₹23,269 | ₹16,334 | ₹10,834 | ₹88,019 |
| ₹10,00,000 | ₹88,312 | ₹46,538 | ₹32,668 | ₹21,668 | ₹176,038 |
| ₹20,00,000 | ₹176,623 | ₹93,076 | ₹65,335 | ₹43,335 | ₹352,076 |
*All EMIs calculated at 10.85% p.a. on reducing balance method. Actual EMI may vary based on your interest rate.
EMI Calculation Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P = Principal loan amount | R = Monthly interest rate (10.85 ÷ 12 ÷ 100 = 0.00904) | N = Tenure in months
Example: ICICI Bank personal loan ₹1,00,000 at 10.85% for 36 months:
R = 10.85/12/100 = 0.00904 | Monthly EMI = ₹3,267
P = Principal loan amount | R = Monthly interest rate (10.85 ÷ 12 ÷ 100 = 0.00904) | N = Tenure in months
Example: ICICI Bank personal loan ₹1,00,000 at 10.85% for 36 months:
R = 10.85/12/100 = 0.00904 | Monthly EMI = ₹3,267
📈 ICICI Bank Personal Loan Interest Rates by CIBIL Score 2026
Your interest rate at ICICI Bank depends primarily on your CIBIL score. Here is a breakdown of approximate rates for different credit profiles:
| CIBIL Score | Customer Type | Approx Rate (p.a.) | EMI per ₹1L (3yr) |
|---|---|---|---|
| 750 and above | Excellent credit | 10.85% – 12.85% | ₹3,267 |
| 700 – 749 | Good credit | 12.85% – 16.85% | ₹3,459 |
| 650 – 699 | Average credit | 16.85% – 13.65% | ₹3,658 |
| Below 650 | Low credit | May be rejected or 13.65% – 16.65% | ₹3,548 |
| No CIBIL history | New to credit | Case by case basis | Varies |
💡 Tip to get lowest rate: Maintain CIBIL score above 750 by paying all EMIs and credit card bills on time. Even 1-2 missed payments can drop your score by 50-100 points. Check your free CIBIL score at cibil.com.
All Charges and Fees
| Charge Type | Amount |
|---|---|
| Processing Fee | 1% – 3% + 18% GST (minimum ₹999) |
| Prepayment Charges | 2% – 5% of outstanding (after 12 months) |
| Part Payment Fee | 2% – 3% of amount paid (some banks allow free) |
| Late Payment Penalty | 2% per month on overdue EMI |
| ECS / NACH Return | ₹400 – ₹600 per bounce |
| Loan Cancellation | ₹1,000 – ₹3,000 flat |
| Duplicate NOC / Statement | ₹200 – ₹500 per document |
✅ ICICI Bank Personal Loan Eligibility Criteria 2026
To qualify for a ICICI Bank personal loan, you must meet the following criteria:
| Criteria | Salaried | Self Employed |
|---|---|---|
| Age | 21 – 60 years | 25 – 65 years |
| Min Monthly Income | ₹15,000 – ₹30,000 | ₹25,000+ net profit |
| Employment / Business | Min 1 – 2 years employed | Min 2 – 3 years in business |
| CIBIL Score | 700+ (750+ for best rates) | 700+ |
| FOIR | Below 50% of monthly income | Below 50% |
| Nationality | Indian resident | |
| Existing Loan | Existing EMIs must be within FOIR limit | |
💡 FOIR Explained: Fixed Obligation to Income Ratio = (All existing EMIs + new EMI) / Monthly Income. Banks prefer FOIR below 50%. If your FOIR is high, close some existing loans before applying to improve eligibility and get better rate.
📄 Documents Required for ICICI Bank Personal Loan
Keep these documents ready before applying. Having complete documents speeds up approval significantly:
| Document Type | Salaried | Self Employed |
|---|---|---|
| Identity Proof | Aadhaar Card, PAN Card, Passport, Voter ID, Driving Licence (any one) | |
| Address Proof | Aadhaar Card, Utility Bill, Bank Statement, Rent Agreement (any one) | |
| Income Proof | Last 3 months salary slips | ITR for last 2 years with CA certified P&L |
| Bank Statement | Last 6 months (salary account) | Last 12 months (current account) |
| Employment Proof | Offer letter / Employee ID / Form 16 | Business registration / GST certificate |
| Photograph | Recent passport-size photograph (1–2 copies) | |
⚠ Important: Always submit self-attested photocopies. Incomplete or incorrect documents are the biggest reason for loan rejection and delays. Double-check all documents before submission.
📄 How to Apply for ICICI Bank Personal Loan – Step by Step
Online Application (Fastest)
- Visit ICICI Bank official website or download their mobile app
- Click on Personal Loan → Apply Now
- Enter mobile number, PAN, date of birth — verify with OTP
- Check eligibility and get pre-approved offer if eligible (existing customers)
- Enter desired loan amount, tenure and purpose
- Upload all documents digitally — Aadhaar, PAN, salary slips, bank statement
- Complete video KYC or e-KYC via Aadhaar OTP
- Review and e-Sign the loan agreement via Aadhaar OTP
- Loan amount credited to your bank account within 24 hours
Branch Application
- Visit nearest ICICI Bank branch with original documents
- Collect personal loan application form from the branch
- Fill form with accurate personal, income, and employment details
- Submit application with photocopies and originals for verification
- Bank conducts credit check, income verification, and document review
- Loan sanctioned within 2–7 working days for branch applications
📱 Pro Tip: Existing ICICI salary or savings account holders often have pre-approved personal loan offers directly in the banking app. This is the fastest route — money can be in your account within minutes with no additional documentation needed.
💡 Tips to Reduce ICICI Bank Personal Loan EMI
- Improve your CIBIL score — Score 750+ gets you the lowest rate of 10.85%. Even a 1% lower rate on ₹5 lakh loan saves ₹8550 in total interest
- Choose longer tenure — 5-year EMI for ₹1 lakh = ₹2,167 vs 3-year EMI = ₹3,267. Longer tenure reduces monthly burden though total interest increases
- Borrow only what you need — Avoid borrowing extra. Every ₹10,000 extra at 10.85% for 3 years costs ₹1760 in interest
- Maintain salary account in ICICI — Existing customers with salary credited to ICICI account get preferential rates
- Reduce FOIR before applying — Close or prepay existing loans/credit card dues to lower FOIR below 40%
- Negotiate processing fee — For large loan amounts or if you are a premium customer, you can often negotiate a lower or waived processing fee
- Compare all banks — Use our EMI calculator and personal loan comparison to find the cheapest option
- Check RBI guidelines — Know your borrower rights at RBI official website
⭐ ICICI Bank Personal Loan Features & Benefits
- Highest loan amount up to Rs. 50 lakh — ICICI Bank offers one of the highest personal loan limits among all banks in India.
- Longest tenure up to 6 years — 72-month repayment option gives lowest possible EMI for large loans.
- Instant pre-approval via iMobile Pay — Existing ICICI customers can avail personal loan in minutes through iMobile Pay app.
- Zero contact process — 100% digital application, e-KYC, e-sign — no branch visit required for most customers.
- Overdraft facility — ICICI Bank offers personal loan overdraft where you pay interest only on amount used, not the entire sanctioned limit.
- Loan against securities — ICICI also offers loans against mutual funds and shares as an alternative to unsecured personal loan at lower rates.
- Top-up loan facility — Existing borrowers with good repayment record can avail top-up loan without fresh application process.
- Insurance cover option — Optional loan protection insurance covers outstanding loan in case of death, disability or job loss.
📱 iMobile Pay: ICICI Bank iMobile Pay app lets you apply, get approved and receive personal loan without visiting branch. For pre-approved customers, loan can be disbursed within 3 hours of application submission on the app.
ICICI Bank Personal Loan vs Other Products
| Product | Interest Rate | Best For |
|---|---|---|
| Personal Loan | 10.85% – 16.65% | Any purpose, unsecured |
| Personal Loan OD | 11% – 17% | Working capital, irregular needs |
| Loan against MF | 9% – 11% | Borrowers with mutual fund investments |
| Home Loan Top-up | 8.75% – 9.5% | Home loan existing customers |
⚖ ICICI Bank vs Other Banks – Personal Loan Comparison 2026
Compare ICICI Bank personal loan with other major banks to find the best deal:
| Bank | Min Rate (p.a.) | EMI ₹1L (3yr) | Total Interest (3yr) |
|---|---|---|---|
| IndusInd Bank | 10.49%+ | ₹3,250 | ₹16,992 |
| HDFC Bank | 10.5%+ | ₹3,250 | ₹17,009 |
| ICICI Bank (This Bank) | 10.85%+ | ₹3,267 | ₹17,604 |
| Kotak Bank | 10.99%+ | ₹3,273 | ₹17,842 |
| Yes Bank | 10.99%+ | ₹3,273 | ₹17,842 |
| SBI Bank | 11.0%+ | ₹3,274 | ₹17,859 |
| Axis Bank | 11.25%+ | ₹3,286 | ₹18,286 |
| PNB Bank | 11.4%+ | ₹3,293 | ₹18,542 |
*Rates as of July 2026. Subject to change. Use our free EMI calculator to compare exact costs for your loan amount.
Useful Links
❓ Frequently Asked Questions – ICICI Bank Personal Loan
What is ICICI Bank personal loan EMI for Rs. 1 lakh? +
ICICI Bank personal loan EMI for Rs. 1 lakh at 10.85% for 3 years = Rs.3,267 per month. For 5 years = Rs.2,167 per month. For 2 years = Rs.4,654 per month. Use our free EMI calculator above for any amount.
What is ICICI Bank personal loan interest rate 2026? +
ICICI Bank personal loan interest rate in 2026 starts from 10.85% p.a. for eligible salaried customers with CIBIL score 750+. Maximum rate is 16.65% for higher risk profiles. Rate depends on CIBIL score, income, employer type, and loan amount.
How to apply for ICICI Bank personal loan online? +
Apply for ICICI Bank personal loan online through their official website or mobile app. Enter PAN, mobile number, income details. Upload Aadhaar, PAN, last 3 months salary slips and 6 months bank statement. Existing ICICI customers can get instant pre-approved offers via their banking app.
What CIBIL score is needed for ICICI Bank personal loan? +
Minimum CIBIL score of 700 is generally required for ICICI Bank personal loan. Score of 750+ gets you the lowest interest rate of 10.85% p.a. Lower scores may result in higher rates or rejection. Check and improve your CIBIL score at cibil.com before applying.
Can I prepay ICICI Bank personal loan before tenure? +
ICICI Bank allows personal loan prepayment after a lock-in period of 12 months. Prepayment charges are typically 2% to 5% of outstanding principal. Part-payment is also allowed subject to minimum payment conditions. Contact ICICI for exact prepayment terms applicable to your loan.
What is the processing fee for ICICI Bank personal loan? +
ICICI Bank personal loan processing fee is typically 1% to 3% of the loan amount plus 18% GST. Some promotional offers may have reduced or waived processing fees. Always confirm the exact processing fee before accepting the loan offer as it significantly affects total loan cost.
What documents are required for ICICI Bank personal loan? +
Documents needed for ICICI Bank personal loan: (1) Identity proof – Aadhaar or PAN or Passport, (2) Address proof – Aadhaar or utility bill, (3) Income proof – last 3 months salary slips, (4) Bank statement – last 6 months, (5) Employment proof – offer letter or employee ID. Self-employed applicants need ITR for 2 years.
How is ICICI Bank personal loan EMI calculated? +
EMI formula: EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]. Where P = Principal loan amount, R = Monthly interest rate (10.85 divided by 12 divided by 100), N = Loan tenure in months. For Rs. 1 lakh at 10.85% for 3 years, N=36 months, EMI = Rs.3,267. Use our calculator for instant result.