ICICI Bank Personal Loan processing fee

ICICI Personal Loan Processing Fee 2026

The ICICI personal loan processing fee is a one-time charge collected by the bank to evaluate, verify, and process your loan application. As per ICICI Bank’s latest schedule of charges, the processing fee is Up to 2% of the loan amount + applicable taxes. The fee is deducted at the time of loan processing or disbursement and is non-refundable, even if the loan is cancelled during the cooling-off period.

Depending on ongoing promotional campaigns, corporate salary relationships, or select customer segments, ICICI personal loan processing charges may vary at the bank’s discretion. Before applying, review the complete ICICI Bank personal loan charges schedule and compare the total borrowing cost not just the interest rate. Refer to the ICICI Bank personal loan page for loan features, eligibility, and application details.

How is ICICI Personal Loan Processing Fee Calculated?

ICICI Bank calculates ICICI personal loan processing charges as a percentage of the sanctioned loan amount. As per the bank’s official schedule, the processing fee is Up to 2% of the loan amount + applicable taxes. For example, if your loan amount is ₹5 lakh and the bank applies a 2% processing fee, the fee would be ₹10,000, plus applicable GST.

Similarly, a ₹10 lakh loan would attract a processing fee of up to ₹20,000, excluding GST. The exact fee depends on the bank’s assessment of your application and is communicated during the loan processing stage. Use the Personal Loan Eligibility Calculator to check your eligibility before applying.

GST on ICICI Personal Loan Processing Fee

The ICICI personal loan processing fee is subject to 18% GST under prevailing Goods and Services Tax regulations. ICICI Bank levies GST only on the processing fee and other taxable service charges, not on the sanctioned loan amount or the principal borrowed. For example, if the bank charges a processing fee of ₹10,000, an additional ₹1,800 is payable as GST, taking the total upfront charge to ₹11,800. Borrowers should factor this into their overall borrowing expenses.

Can ICICI Bank Waive the Processing Fee?

ICICI Bank may offer a partial or full waiver of the processing fee under select promotional schemes, although such concessions are not guaranteed. Fee discounts may be available to salary account holders, premium banking customers, employees of companies with corporate tie-ups, or existing borrowers with a strong repayment history. The bank may also introduce limited-time festive offers. Since these benefits vary by customer profile and ongoing campaigns, the applicable processing fee is confirmed during loan processing. For the latest rate details, refer to the ICICI Bank personal loan interest rate page.

ICICI Pre-Approved Personal Loan Fee Benefit

ICICI Bank offers pre-approved personal loans to select existing customers based on their banking relationship, credit profile, and repayment history. These loans typically involve minimal documentation and faster disbursal. While there is no standard concession on the pre-approved personal loan fee, the bank may offer promotional offers with reduced or waived processing fees for eligible customers. Such benefits are campaign-specific and are communicated at the time of the offer. Compare current rates across all lenders on the personal loan interest rate page before accepting any pre-approved offer.

Other ICICI Personal Loan Charges

Apart from the processing fee, borrowers should review all applicable ICICI personal loan fees and charges before taking a loan.

*As per ICICI Bank’s prevailing schedule of charges.

Use the Personal Loan Prepayment Calculator to estimate the interest savings before deciding to foreclose, factoring in the applicable foreclosure charges of up to 5%.

ICICI Personal Loan Total Cost Examples

The table below illustrates how the ICICI personal loan processing fee and GST can affect the upfront cost of borrowing. These examples assume the maximum processing fee of 2% and 18% GST on the fee. Actual charges may vary.

Since the processing fee and GST charges are generally deducted before disbursal, the amount credited to your account may be lower than the sanctioned loan amount. Use the Personal Loan EMI Calculator to estimate your overall repayment obligation.

ICICI vs HDFC vs Axis Personal Loan Processing Fee

While the ICICI personal loan processing fee is competitive, borrowers should compare the overall fee structure, GST, and promotional waivers before choosing a lender. If switching to a lower-rate lender makes more sense, the Personal Loan Balance Transfer Calculator can help evaluate the savings.

Before applying, compare the processing fee, GST, interest rate, foreclosure charges, and other applicable fees to assess the total cost of the loan rather than focusing on a single charge.