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Icici Bank Loans

ICICI BANK Personal Loan Interest Rates

ICICI bank was founded in 1994 and is currently the second largest bank in India. It offers a diverse range of banking and financial products to retail and corporate customers. The bank has a network of 4,050 branches and over 12,000 ATM’s across India. Their range of products and services span bank accounts, credit cards, loans, insurance, trading and investments. The bank is consistently recognized as one of India’s foremost financial institutions.


Personal Loans from ICICI Bank

ICICI Bank offers multi-purpose loans with fixed interest rates and flexible tenures. They offer attractive interest rates for various loan seekers with easy payment options. With simple documentation, quick processing, direct credit and other benefits, ICICI bank offers several attractive options for loan seekers.

  • ICICI bank offers loans for rates as low as 13% (subject to conditions)
  • They offer facility for disbursement of loan within a minimum of 72 hours
  • Customized loan options are available for salaried individuals to the tune of 20lakh, self-employed to the tune of 30lakh and doctors to the tune of 40 lakh

ICICI Bank advances loans for a variety of reasons including personal loans, marriage loans, renovation loans, travel loans, mortgage loans and business loans.

While calculating the interest rate of ICICI Bank we need to understand the multiple parameters that play a role in arriving at this number. The parameters to calculate ICICI Bank interest rate could be the loan amount required, the company you are working in, the tenure of the loan amount, the salary bracket that you are in and so on. ICICI Bank interest amount a portion of the loan amount over and above the principal amount which is repaid to ICICI Bank. ICICI Bank interest rate is usually depicted as a percentage of the loan which is calculated annually and also known as Annual Percentage Rate (APR). Each ICICI Bank EMI repayment has a portion which goes towards the principal amount and the remaining is calculated as Interest. Usually, the interest portions are higher in the initial EMI’s and reduce as the EMI’s progress. On the other hand, the EMI adjusted against the principal amount is lower in the start of EMI repayment and increase as the tenure progresses.

ICICI Bank has categorised companies into different segments. Some of these categories and the companies that fall in each category are depicted in the table below.

Category Company List RoI
Elite
3M INDIA LTD
ABB INDIA LTD
ADANI ENTERPRISES LTD (FORMERLY ADANI EXPORTS LTD)
ADANI ENTERPRISES LTD (FORMERLY ADANI EXPORTS LTD)
ADITYA BIRLA NUVO LTD.
AKZO NOBEL INDIA LTD.
ALKEM LABORATORIES LIMITED
ALLAHABAD BANK
ALLCARGO LOGISTICS LIMITED
ALOK INDUSTRIES LTD.
ALSTOM INDIA LTD.
16.00% to 18.25%
Preferred
24/7, CUSTOMER PRIVATE LIMITED
3D PLM SOFTWARE SOLUTIONS LIMITED
3I INFOTECH BPO LIMITED
4C SOLUTIONS PRIVATE LIMITED
A C BAXI & COMPANY PVT LTD
A K CAPITAL SERVICES LIMITED
A P GRAMMAR HIGH SCHOOL,HYDERABAD
A W FABER CASTELL (INDIA) PRIVATE LIMITED
A&A DUKAAN FINANCIAL SERVICES PRIVATE LIMITED
A. B SHETTY MEMORIAL INST OF DENTAL SC, MANGALORE
16.00% to 18.25%
Preferred-Competition
A H WHEELER & CO LIMITED
A P I POLYMERS INDIA LIMITED
ABAN LOYD LTD
ABB HOLDINGS SOUTH ASIA LIMITED
ABBOTT LABORATORIES LTD
ABG SHIPYARD LIMITED
ABHU DHABI COMMERCIAL BANK
ABHYUDAYA CO-OP BANK
ABP NEWS MEDIA CONTENT&COMMUNICATION SERVICES INDIA P LIMITED FORMERLY STAR NEWS
ACCURATE TRANSFORMERS LIMITED
16.00% to 18.25%
SuperPrime
2I CAPITAL (INDIA) PVT. LTD.
3 I INFOTECH LTD.
3I INDIA PRIVATE LIMITED
3M ELECTRO AND COMMUNICATION INDIA PRIVATE LIMITED
A AND E INDIA PVT. LTD.
A D ELECTRONICS PRIVATE LIMITED
A F FERGUSON & CO
A I A ENGINEERING LTD.
A PLUS EDUCATION SOLUTIONS PRIVATE LIMITED
A T KEARNEY INDIA PVT LTD
A.G.S. CUSTOMER SERVICES (INDIA) PRIVATE LIMITED
16.00% to 18.25%
Doctors (Self-Employed) The interest rates in this category would depend on the Loan Amount taken by a doctor 13.5% to 14.25%
Self-Employed Professionals Based on the loan amount taken by the self-employed individual, the intrest rates would vary by a 50 bps 14.5% to 15%
External Bank Transfer for Elite, Superprime and Preferred Companies The interest rate for all companies in this catetogy would vary by about 100bps basaed on the BT amount under consideration 12.99% to 14%

Know the difference between Flat Interest Rate and Reducing Balance Interest Rate before you avail a Personal Loan. Check our Flat Rate vs Reducing Balance Calculator now.

Flat Interest vs Reducing Balance Calculator