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ICICI Bank 5 Lakh Personal Loan

ICICI Bank offers personal loans up to Rs. 25 lakh. Apply for an ICICI Bank 5 lakh personal loan at an interest rate starting from 11% p.a. and for tenure up to 60 months. ICICI Bank personal loans require minimal documentation, come with a completely digital application process and quick loan approvals.

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Features of 5 Lakh ICICI Bank Personal Loan

The following are some of the key features of a personal loan of Rs. 5 lakh from ICICI Bank:

  • Offered at an interest rate starting from 11% p.a. and can go up to 13%
  • Loan tenure can range between 12 months to 60 months
  • Zero collateral or security required and no end usage restriction
  • Low processing fees
  • Zero foreclosure charges after payment of 12 EMIs
  • 100% Digital application process

Interest Rates for 5 Lakh ICICI Bank Personal Loan

ICICI Bank personal loan interest rate starts at 11% p.a. for applicants availing a loan amount of Rs. 5 lakh.  However, the personal interest rate may go up to 13% p.a. and may vary based on the credit and job profile of the applicant, monthly income, EMI/NMI ratio, etc.

Eligibility Criteria for 5 Lakh ICICI Bank Personal Loan

Given below is the key eligibility criteria that needs to be taken into consideration when applying for a personal loan of Rs. 5 lakh from ICICI Bank:

  • You should be an Indian citizen
  • Should be either salaried or self-employed
  • Salaried applicants should be aged between 20 - 58 years, while self-employed can be between 23 to 65 years
  • Salaried individuals should have a minimum total work experience of 2 years. Self-employed applicants should have been at least 2 years in the current business and a total experience of at least 3 years
  • The EMI/NMI ratio of the applicant should be 50-55% including the existing EMIs and EMI of the proposed personal loan.

Documents Required for ICICI Bank Personal Loan of 5 Lakh

Given below are the key documents required to avail a personal loan of Rs. 5 lakh from ICICI Bank:

Salaried Individuals Self Employed Individuals
Proof of Address and Proof of Identity Proof of Address and Proof of Identity
Last 3 months' bank statement (where the salary is credited) Proof of Income (audited financials for past 2 years)
Last 3 months’ salary slips Latest 6 months’ bank statement
PAN Card Proof of Office Address
Aadhaar Card Proof of Residence or Office Ownership
Proof of business continuity

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Fees and Charges for 5 Lakh ICICI Bank Personal Loan

Given below are the key fees and charges associated with a personal loan of Rs. 5 lakh from ICICI Bank:

Charge Type Applicable Amount
Loan Processing Charges (non-refundable) Up to 2% of the loan amount
Repayment Mode Swap Charges Rs. 500
Loan Cancellation Charges Nil - If loan is cancelled within the free look/cooling off period (i.e. 15 days from date of disbursement).

Rs. 2,500 - If loan is cancelled after the cooling off period
Prepayment Charges/Foreclosure Charges 3% of the outstanding principal amount

Nil after payment of 12 EMIs
Part Payment Charges 3% + GST on the part payment amount being paid for the loan seasoning period of up to 24 months

Nil for a loan seasoning period of above 24 months
Cash Transaction Charges Rs. 100 at the branch
Duplicate NOC (No Objection Certificate) /NDC (No Dues Certificate) Charges Rs. 250 for physical printout at branch
Prepayment Statement Charges Rs. 200 for physical printout at branch
Amortisation Schedule Charges Rs. 200 for physical printout at branch
Auto Debit/Cheque/Electronic Clearing Service Bounce Charges (Late payment fee) Rs. 500
Late Payment Charges 5% p.a. will be charged on the overdue EMI until repayment
Non Maintenance of Mode of Payment Charges (NMMP) Rs. 800
Charge for Unpaid Interest Amount/ Overdrawn Amount 5% p.a. will be charged on the unpaid interest amount/ on overdrawn amount

How to Apply for Personal Loan through Paisabazaar

You can apply for a personal loan online, by following the steps mentioned below:

  1. Visit the Paisabazaar app or website
  2. Enter  your mobile number
  3. Fill in the necessary information
  4. Enter the OTP that you receive on your mobile number
  5. Browse through different offers available and select the one that suits you best

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025
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