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ICICI Bank Consumer Loan

ICICI Bank provides consumer loans to consumers at an interest rate starting from 9.95% p.a. for purchasing consumer electronic items and gadgets in form of easy EMIs. ICICI Bank Consumer Durable Loan is an unsecured loan facility with digitised documentation and quick loan approval within minutes. The bank also offers no cost EMI facility through its consumer durable loans for select brands/products.
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Get up to ₹50 Lakhs starting at 9.98%

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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

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ICICI Bank Consumer Loan Highlights

Interest Rates
  • 9.95% to 28.64% (Consumer EMI)
  • 13.63% to 21.87% (Cardless EMI)
Processing Fees
  • Rs. 1899 (Consumer EMI)
  • NIL (Cardless EMI)

Interest Rates for ICICI Bank Consumer Loan

The interest rates for ICICI Bank Consumer Durable Loans range between 9.95% to 28.64% p.a. The bank sets the interest rates for consumer loan applicants depending on the product segment, asset category, loan tenure, the brand and schemes provided by the original equipment manufacturers (OEMs), etc. In case of sub-vented products, the interest cost is borne by the OEMs instead of the borrower, thereby resulting in zero-cost EMI facility for the borrower. However, the GST levied on the interest component of zero-cost EMI loan has to be borne by the borrowers.

As the ICICI Bank Consumer Durable Loan is available only in select cities, prospective applicants wishing to finance their consumer durable appliances can consider ICICI Personal Loan or regular personal loan schemes from other lenders to finance the purchase of consumer durables. Those opting for consumer durable loans should compare the interest rates offered with the ICICI Bank Personal Loan interest rates as well personal loan interest rates offered by top lenders.

Types of ICICI Bank Consumer Loan

ICICI Bank Consumer EMI

  • Purpose: ICICI Bank Consumer EMI provides financing options for customers to enable their purchase of consumer electronic items and gadgets in easy EMIs.
  • Interest rates: 9.95% to 28.64% p.a.
  • Processing fees: Rs. 1899

ICICI Bank Cardless EMI

  • Purpose: ICICI Bank Cardless EMI provides the No Cost EMI option for its pre-approved customers for buying home appliances or gadgets from retail stores or select merchant websites.
  • Interest rates: 13.63% to 21.87% p.a.
  • Processing fees: Nil

Fees and Charges for ICICI Bank Consumer Durable Loan

Processing Fees for Consumer EMI Loan

The processing fees for ICICI Bank Consumer Loans depend on the asset price, asset category, loan tenure and the schemes provided by OEMs.

Particulars Charges
Processing Fees Rs. 1899

Service Charges

Particulars Charges
Charges for Prepayment/Foreclosure 5% of outstanding
Repayment mode swap charges Rs 500 per instance
Amortization schedule charges Rs 200 for physical print out, Nil for digital channels
Statement of account charges Rs 200 per transaction for physical print out at the branch
Prepayment or foreclosure statement charges Rs 200 per transaction for physical print out at the branch
Duplicate no objection certificate/no due certificate Rs 250 per instance

Note: The service fees & charges are same for both the types of Consumer Durable Loans (Consumer EMI & Cardless EMI).

Penal Charges

Particulars Charges
Penal Charge for dishonour of Cheque/AD/ECS/NACH per transaction Rs 500 per instance
Penal charge on late payment 5% per annum on overdue EMI until repayment plus applicable charges
Legal & incidental charges At actuals

Note: ICICI Bank has the discretion to charge GST and other govt. taxes, levies, etc. on the fees and charges mentioned above.

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Eligibility Criteria for ICICI Bank Consumer Loan

Customers who are at least 18 years old can avail ICICI Bank Consumer Loans. ICICI Bank will check the consumer durable loan eligibility for the Cardless EMI facility through the customer’s registered mobile number.

Documents Required for ICICI Bank Consumer Loan

Upon sanction of the ICICI Bank Consumer Durable Loan, the consumer will provide his KYC documents, such as PAN Card or Aadhar Card or any other documents required by the bank.

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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All Your Needs

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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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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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