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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 Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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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

Apply Now

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

Apply Now

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FAQs

What is the total interest cost of Rs. 5 lakh personal loan at 11% p.a. and tenure of 1 year from ICICI Bank?

The total interest cost of Rs.5 lakh personal loan at 11% p.a. for a tenure of 1 year is Rs. 30,290.

What is the interest rate of ICICI Bank Rs. 5 lakh personal loan?

At present, a personal loan of Rs. 5 lakh from ICICI is offered at an interest rate starting from 11% p.a. However, the interest rate can go up to 13% p.a. and may vary based on the credit profile of the applicant. 

What are the tenure options available to applicants wanting a personal loan of Rs. 5 lakh from ICICI Bank?

You can avail a personal loan of Rs. 5 lakh from ICICI bank for a tenure ranging between 12 months to 60 months. 

Do I have to pay any additional charges for Rs. 5 lakh personal loan from ICICI Bank?

You have to pay a processing fee on your ICICI Bank personal loan. This fee will be deducted from the disbursal amount payable to you. 

Do I need to provide any security to get a personal loan of Rs. 5 lakh from ICICI Bank?

No, since personal loans are unsecured loans, you don’t need to provide any collateral or security to get a personal loan of Rs. 5 lakh from ICICI Bank.

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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