Pre Approved Personal Loan

If you want to make the ICICI Bank loan payment before the tenure ends, there is good news for you. ICICI Bank allows pre-closure of personal loans at nominal prepayment charges.

• Prepayment charges for salaried customers are 5% on principal outstanding + GST.
• Nil prepayment charges for MSME-classified customers if the loan is closed using own funds.
• The bank offers a waiver (if any) on the prepayment charges if the customer has paid 12 or more EMIs and the prepayment is done by customer’s own funds.
• No prepayment charges waiver is applicable in balance transfer cases.
• The bank does not offer a part prepayment facility.

You can make your ICICI Bank loan payment online through any of the following ways:

Click to Pay-Loans Payments (Using Net Banking): You can easily make ICICI Bank online loan payments with the internet banking facility of any Non-ICICI Bank Savings Account through the ICICI 'Click to Pay' facility available on its official website. Here are the steps to use this facility:

• Select the bank from which you want to make ICICI Bank personal loan payment. ICICI Bank has partnered only with select banks for personal loan payments. Choose your bank from the dropdown list.
• Provide your loan details, including the 16-digit alphanumeric loan number and the amount against ‘Amount Payable’. 
• Click on ‘Pay Now’ and you will be redirected to the payment interface of the chosen bank.
• Confirm payment by entering your authentication details, like Internet banking user ID and password for your bank account.
• Select the amount you want to pay and your selected bank account will get debited instantly.
• You will receive online confirmation for the successful ICICI Bank loan repayment.

Click to Pay-Loans Payments (Using Debit Card): You can make ICICI personal loan EMI payment through your Debit Card using this facility with the following easy simple steps:

• Visit the ICICI Bank website and then click the “Click To Pay – Debit Card” link.
• Choose your card type, i.e. ICICI or any Non-ICICI Bank Debit Card.
• Type your personal loan number and validate.
• Now validate your Debit Card on Payment Gateway to make your overdue ICICI personal loan online payment instantly.

Scan & Pay: You can scan a QR code via any UPI-enabled banking app or BHIM app to pay your ICICI Bank personal loan. For ICICI loan payment online UPI is one of the easiest and fastest modes.

• Enter your loan account number two times and click on the Verify button.
• Check all details displayed on your screen.
• Enter the amount you want to pay. 
• Click on Generate QR Code
• Now login with any UPI-enabled mobile banking app or BHIM app and scan the code.
• Proceed to payment in your UPI app.
• A notification for a successful transaction number will be displayed on your mobile screen.
• Currently, you can make a maximum payment of Rs. 10,000 per transaction and Rs. 20,000 per day with the BHIM app.

CICI Bank Click to Pay - BillDesk: For ICICI personal loan payment BillDesk can also be used. The bank provides Click to Pay facility for this option.

• Enter your Loan Account Number two times
• Click to verify

Paytm: You can check your ICICI personal loan repayment schedule and make payments through the Paytm app.

• Click on Pay Loan
• Select your lender
• Enter your loan account number
• Click on Get Payable Amount and proceed with the payment

The same methods can also be used for ICICI Bank gold loan payments.

You can also choose the following offline modes for ICICI personal loan repayment:

• Call the customer care number of ICICI Bank or send them an email and tell them about your intention of loan repayment, and they will assist you.
• Visit the nearest ICICI Bank branch to make your loan payment.

If you have surplus funds, you can opt for pre-closure of your ICICI personal loan. The bank does not offer ICICI personal loan partial payment as of now. The charges applicable for pre-closure are as follows:

• Prepayment charges for salaried customers are 5% on principal outstanding + GST.
• Nil prepayment charges for MSME-classified customers if the loan is closed using own funds.
• No prepayment charges waiver is applicable in balance transfer cases.

Additional Info: The PayLater ICICI Bank is an instant digital credit limit for online shopping.

Following are the steps for ICICI Bank personal loan prepayment process:

• Request for the personal loan preclosure statement from ICICI Bank through the bank’s website.
• Once you receive the prepayment statement, keep it safe as it is an important document that you will have to show at the time of pre-closure.
• Now visit your nearest ICICI Bank branch with all the mandatory documents.
• Pay the total outstanding amount as mentioned in your personal loan prepayment statement through cash, cheque or demand draft as per your convenience.
• Submit a foreclosure request or application at the ICICI Bank branch after paying off all the pending amount. It might take some time to process your request.
• After the process is completed, collect the foreclosure acknowledgement receipt from the bank.