About ICICI Bank lending
ICICI Bank's home loan rates usually track a few basis points above the cheapest public sector offers, with the final rate set by your credit score, income profile and the property's loan-to-value ratio.
The bank's personal loans are approved fast, often same-day for existing customers, which is part of what you pay for in the rate. Use the calculator to see whether the convenience is worth the extra interest over a public sector bank's offer.
ICICI Bank indicative rates
Ranges compiled 28 October 2026. Rates depend on your credit score, income and the loan-to-value ratio — always confirm with the bank before deciding.
| Product | Indicative rate | Typical tenure |
|---|---|---|
| Home loan | 8.40% – 9.95% | Up to 30 years |
| Personal loan | 10.85% – 21.00% | 1 – 6 years |
| Car loan | 9.10% – 11.25% | Up to 7 years |
| Loan against property | 9.75% – 12.75% | Up to 15 years |
| Gold loan | 10.00% – 16.00% | Up to 12 months |
How to use this calculator
- Enter the amount you plan to borrow from ICICI Bank.
- Set the rate the bank has quoted you, and the tenure in months.
- Compare the total interest with a second lender's offer — that number, not the EMI, is what a lower rate really buys you.
How the EMI is worked out
EMI = [P × r × (1 + r)n] ÷ [(1 + r)n − 1], where P is the principal, r the monthly rate (annual ÷ 12 ÷ 100) and n the tenure in months. Every bank in India uses this reducing-balance method.
What an extra ₹2,000 a month would do
Same loan, same rate, one extra payment every month. This is the cheapest way to cut the total cost of any loan.
| Scenario | Monthly payment | Loan closes in | Total interest |
|---|
Floating-rate home loans to individuals carry no prepayment penalty in India. Personal and car loans often charge 2–5% of the outstanding amount — check before you prepay.
Year-wise amortisation schedule
How the loan actually unwinds: the interest share falls every year while the principal share rises.
Show the year-by-year break-up
| Year | Principal paid | Interest paid | Balance left |
|---|
Frequently asked questions
How fast is an ICICI Bank personal loan approved?
For pre-approved customers the money can reach the account the same day. For new customers, two to four working days is typical once documents are submitted.
Does ICICI Bank allow a home loan balance transfer?
Yes. A balance transfer makes sense if the new rate is at least 0.5% lower and the processing fee is modest. Compare the total interest saved against the switching cost.
What is the minimum salary for an ICICI Bank personal loan?
Around ₹25,000 a month net in most cities, higher in some locations. The bank also checks existing EMIs against income before sanctioning.
Can I change the tenure after taking the loan?
Yes, on request, subject to the lender's policy. Reducing the tenure keeps the EMI the same and saves interest; increasing it lowers the EMI but costs more overall.