ICICI vs HDFC Personal Loan 2025 is a must-know comparison for anyone looking to borrow in 2025. This guide compares interest rates, processing fees, documentation, loan limits, approval time, and EMI flexibility to help you choose the better bank for your financial needs.
Personal loans have become the go-to solution for salaried and self-employed individuals in India. Whether you’re planning a wedding, managing medical expenses, or consolidating debt, a personal loan can offer instant financial relief without collateral. ICICI Bank and HDFC Bank are two of the top lenders offering feature-rich personal loan products with competitive rates and fast approval in 2025.
In this comprehensive guide, we break down the complete comparison between ICICI and HDFC personal loans—including rate trends, fees, eligibility, document requirements, prepayment rules, EMI examples, digital apply processes, and borrower-specific recommendations.
ICICI vs HDFC Personal Loan 2025 – Quick Snapshot
| Feature | ICICI Bank | HDFC Bank |
|---|---|---|
| Interest Rate | 10.25% – 17.00% p.a. | 10.50% – 17.50% p.a. |
| Loan Amount | ₹50,000 – ₹50 Lakhs | ₹50,000 – ₹40 Lakhs |
| Tenure | 12 – 72 months | 12 – 60 months |
| Processing Fee | Up to 2.50% + GST | Up to 2.50% + GST |
| Minimum Net Salary | ₹25,000/month | ₹20,000/month |
| Approval Time | 24–48 hours (pre-approved) | 1–3 working days |
| Digital Application | Fully online | Fully online |
| Pre-Closure | Allowed after 12 EMIs | Allowed after 12 EMIs |
| Top-Up Loan | Available | Available |
Both banks are RBI-regulated and offer unsecured personal loans to eligible customers based on creditworthiness and repayment history.
Interest Rates – ICICI vs HDFC Personal Loan 2025
Interest rate is the most important factor affecting your loan cost. Both banks follow a risk-based pricing model, so rates vary per borrower.
ICICI Bank Personal Loan Rates (2025)
Salaried: 10.25% – 16.00% p.a.
Self-employed: 11.50% – 17.00% p.a.
Pre-approved rates (ICICI salary account holders): Starting from 10.25%
HDFC Bank Personal Loan Rates (2025)
Salaried: 10.50% – 16.50% p.a.
Self-employed: 11.75% – 17.50% p.a.
Special rates for government employees and high credit score customers
Verdict: ICICI Bank offers a lower starting rate and longer tenure, which may reduce your monthly EMI.
Loan Amount & Repayment Tenure
| Parameter | ICICI Bank | HDFC Bank |
|---|---|---|
| Minimum Loan | ₹50,000 | ₹50,000 |
| Maximum Loan | ₹50 Lakhs | ₹40 Lakhs |
| Maximum Tenure | 72 months | 60 months |
| Prepayment Penalty | 3% – 5% | 2% – 4% |
| Part-Payment | Not allowed | Allowed after 12 EMIs (conditions apply) |
ICICI has an edge in terms of maximum loan amount and longer tenure, which is better for big-ticket borrowers.
Eligibility Criteria Comparison
| Criteria | ICICI Bank | HDFC Bank |
|---|---|---|
| Age Limit | 21 to 58 years (salaried) | 21 to 60 years |
| Monthly Income | ₹25,000 (metro), ₹20,000 (non-metro) | ₹20,000 and above |
| Minimum Job Stability | 2 years (6 months in current job) | 2 years (1 year in current job) |
| Credit Score | 700+ preferred | 700+ preferred |
| Work Type | Salaried / Self-employed | Salaried / Self-employed |
| CIBIL Report Requirement | Mandatory | Mandatory |
Documents Required – ICICI vs HDFC Personal Loan 2025
ICICI Bank
PAN and Aadhaar (KYC)
Salary slips (last 3 months)
Bank statement (last 6 months)
Form 16 / ITR for self-employed
Address proof (utility bill, rent agreement)
HDFC Bank
KYC (PAN + Aadhaar)
Salary account statements (last 6 months)
Salary slips or ITRs
Employment certificate
1 passport-sized photo
Both banks support paperless processing if your KYC is already verified.
EMI Examples – ICICI vs HDFC Personal Loan 2025
Here’s a side-by-side EMI comparison assuming a ₹5,00,000 loan at 11% interest.
| Bank | Tenure |
|---|---|
| ICICI (3 years) | ₹16,381 |
| HDFC (3 years) | ₹16,436 |
| ICICI (5 years) | ₹10,869 |
| HDFC (5 years) | ₹10,932 |
ICICI gives slightly lower EMI due to longer tenure and lower interest on pre-approved profiles.
How to Apply – ICICI vs HDFC Personal Loan 2025
ICICI Bank Application Process
Visit ICICI Personal Loan Page
Click “Apply Now” and enter your mobile, PAN, and income details
Choose loan amount and tenure
Upload documents (KYC, bank statement, salary slip)
eSign the agreement via Aadhaar OTP
Get funds disbursed within 24–48 hours
Pre-approved customers can complete the process via iMobile Pay or NetBanking with no documents.
HDFC Bank Application Process
Visit HDFC Personal Loan Page
Check for eligibility by entering mobile number and PAN
Select preferred amount and tenure
Upload KYC and income documents
Wait for credit check and tele-verification
Sign the agreement and receive disbursal
HDFC also provides pre-approved personal loans visible under NetBanking dashboard for eligible customers.
Prepayment and Foreclosure Rules
| Feature | ICICI Bank | HDFC Bank |
|---|---|---|
| Lock-in Period | 12 months | 12 months |
| Part-Payment | Not allowed | Allowed once per year after 12 EMIs |
| Pre-Closure Charges | 3% – 5% | 2% – 4% |
| Foreclosure Conditions | Allowed after 12 EMIs | Allowed after 12 EMIs |
| Charges on Foreclosure | Based on outstanding principal | Based on tenure completed |
HDFC is more flexible with part-payments, while ICICI is stricter but offers longer tenures.
Top-Up and Balance Transfer Options
ICICI Top-Up Loan
Available after 6–12 EMIs
Pre-approved for salary account holders
Interest rate is same or slightly higher than original loan
HDFC Top-Up Loan
Available on request after 12 EMIs
Requires fresh income verification
Interest rate may vary depending on repayment track record
Balance Transfer Facility
Both banks allow balance transfer of existing personal loans from other lenders. If you’re paying high interest elsewhere, transferring to ICICI or HDFC can reduce your EMI burden. Special offers are often available during festive periods.
Customer Support and Digital Tools
| Feature | ICICI Bank | HDFC Bank |
|---|---|---|
| Mobile App | iMobile Pay | My HDFC App |
| Chat Support | iPal Virtual Assistant | Eva Chatbot |
| Branch Network | 5,000+ | 6,000+ |
| WhatsApp Support | Available | Limited |
| 24×7 Helpline | Yes | Yes |
| Loan Tracker | App & Email | App & Email |
Both banks offer real-time updates, but ICICI’s app is slightly more user-friendly for digital-only customers.
Pros and Cons – ICICI vs HDFC Personal Loan
ICICI Bank
Pros:
Lower starting interest rate for pre-approved users
Longer repayment tenure (up to 72 months)
Higher loan amount limit (up to ₹50 Lakhs)
Fast digital processing for account holders
No collateral or guarantor required
Cons:
Strict prepayment policy
No part-payment option
Slightly higher pre-closure charges
HDFC Bank
Pros:
Flexible part-payment option
Lower income eligibility threshold
Competitive interest for high-credit customers
Special rates for salaried government employees
Wide branch network
Cons:
Slightly shorter maximum tenure (5 years)
Limited pre-approved loan options for non-HDFC account holders
Processing time can be slower in non-metro branches
Who Should Choose Which Bank?
| Borrower Profile | Recommended Bank |
|---|---|
| High-income, salaried with ICICI account | ICICI Bank |
| Self-employed with strong ITRs | HDFC Bank |
| Borrowers needing long tenure | ICICI Bank |
| Customers wanting part-payment flexibility | HDFC Bank |
| Looking for highest loan amount | ICICI Bank |
| Government employees | HDFC Bank |
FAQs – ICICI vs HDFC Personal Loan 2025
Q1. Which bank offers lower personal loan rates in 2025?
ICICI offers a lower starting interest rate at 10.25% p.a. for pre-approved salaried customers. HDFC starts at 10.50% p.a.
Q2. What is the maximum loan amount I can get?
ICICI offers up to ₹50 Lakhs while HDFC limits at ₹40 Lakhs based on profile.
Q3. Which bank offers better digital experience?
ICICI’s iMobile Pay and NetBanking offer a smoother, faster loan journey.
Q4. Can I get a loan from ICICI or HDFC without a salary slip?
Only if you’re pre-approved or can show alternate income documents like Form 16, ITRs, or account statements.
Q5. What is the minimum salary required?
HDFC requires ₹20,000/month. ICICI typically expects ₹25,000 or more for urban profiles.
Q6. Are top-up loans available?
Yes, both banks offer top-up loans after satisfactory repayment of 6–12 EMIs.
Q7. Can I pre-close my loan early?
Yes, both allow foreclosure after 12 EMIs with applicable charges.
Q8. Which bank has better offers for self-employed?
HDFC is more flexible with self-employed applicants.
Q9. Are there festive offers or interest discounts?
Yes. Both banks offer interest or fee waivers during Diwali, New Year, and Independence Day.
Q10. Which bank gives faster disbursal?
ICICI usually disburses within 24–48 hours for pre-approved users. HDFC takes 2–3 working days.
Important Links
| HDFC Bank officials website | click here |
| ICICI Bank officials website | click here |
| home page | click here |
| Join WhatsApp group | join here |
Authoritative External Links
Suggested Read on nicgujrat.com
- ICICI vs SBI Home Loan 2025 – Compare Rates, EMI, Subsidy & Application Guide
- ICICI vs Axis Car Loan 2025 – Best Bank, Rates, EMI & Comparison
Conclusion – ICICI vs HDFC Personal Loan 2025
Both ICICI and HDFC offer strong personal loan options, but your ideal choice depends on your priorities.ICICI Bank is the better pick if you need a higher loan amount, longer tenure, and quick, fully digital disbursal-especially if you’re a salaried customer with an ICICI account.HDFC Bank, on the other hand, is more suitable if you prefer part-payment flexibility, have a lower income, or need in-branch support, particularly if you’re self-employed or a government employee.Evaluate your income, credit score, and repayment goals to choose the lender that best fits your financial plan.