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ICICI Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

ICICI Bank is a full-service Indian bank covering saving, spending and borrowing, so it suits customers who want one provider. The savings account pays 2.5% on a variable rate, with easy access to cash, bill payments and transfers by UPI, IMPS, NEFT and RTGS, and personal loans disburse instantly.

Key facts

Best for
One Indian bank for savings, a rewards credit card and instant personal loans.
Annual fee
₹3,500↗
APR
9.99% to 16.5%↗
Currency conversion fee
3.5%↗
Rewards type
Points↗
Rewards rate
4 points per INR 100 international spend, 2 points per INR 100 domestic spend, 1 point per INR 100 utility and insurance spend↗
Credit needed
Good↗
Perks
Welcome vouchers worth over INR 13,000 from Tata CLiQ, EaseMyTrip, Da Milano, Croma and EazyDiner, 2 complimentary international and 4 domestic airport lounge visits, Up to 4 complimentary golf rounds per month, 24/7 concierge service (i-Assist), Air accident insurance cover up to INR 3 crore, 1% fuel surcharge waiver on fuel transactions up to INR 4,000, BookMyShow movie offers, up to INR 500 off the second ticket↗
Card kind
Credit↗
Legal entity
ICICI Bank Ltd.↗
Headquarters
India↗
Founded
1994↗
Support channels
Phone, Help-centre, Chat↗
Pricing model
Fixed rate
Features
Rewards
Official website
icicibank.com

Loans

Loan amount
₹50,000 to ₹5,000,000↗
Term
12 to 72 months↗
Arrangement fee
Up to 2% of loan amount plus taxes (Personal Loan processing charge)↗
Credit check
Hard↗
Funding time
Instant disbursement↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
No↗
Eligibility
Indian citizens aged 18-58 years; salaried minimum monthly income 30,000 rupees↗
Origination fee (%)
2%↗
Loan types
Personal, Debt-consolidation↗
Use cases
Home-improvement↗

Savings

Headline rate
2.5%↗
Minimum deposit
₹2,500 to ₹15,000↗
Access terms
Easy access to funds: cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS↗
Account kind
Easy access↗

Mortgages

Initial rate
7.55%↗
Maximum loan to value
80% to 90%↗
Purpose
Purchase, Remortgage↗

Facts checked September 26, 2026, 10 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInXfacebook.com

Pros and cons

Pros

  • Personal loans disburse with Instant disbursement, on amounts of INR 50,000 to INR 5,000,000 over terms of 12 to 72.
  • The savings account is easy access, taking a minimum deposit of INR 2,500 to INR 15,000.
  • The card pays points on spending, with lounge visits, golf rounds, concierge help and welcome vouchers added.
  • Lending runs through the bank itself, with personal and debt consolidation on offer and support on phone, help centre and chat.

Cons

  • Foreign spend on the card carries a currency conversion fee of 3.5%.
  • Personal loan applications run a hard credit check, and good credit is the bar.
  • Free early repayment is not offered, so settling a personal loan early carries a charge.
ICICI Bank

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Who it suits

  • Salaried Indian citizens of adult age who want savings, a card and loans from one bank.
  • Savers comfortable with a variable savings rate and borrowers happy with a fixed rate loan.
  • Cardholders who want a credit card with lounge, golf and concierge perks on top of points.

Who should look elsewhere

  • wise, if a card with no annual fee matters most, since its annual fee is £0.
  • bunq, if you would rather hold a euro account with an annual fee of €0 on the card.
  • Varo Believe Secured Credit Card, if a secured card with an annual fee of $0 is the better fit.

How ICICI Bank compares

Where ICICI Bank is available

Available
India
Licence in India
Deposit Insurance and Credit Guarantee Corporation (DICGC), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the card cost to hold each year?+

The annual fee on the card is INR 3,500, which sits above cards that charge nothing. Foreign currency transactions add a conversion fee of 3.5% on top. It is a credit card, so balances are meant to be cleared in full rather than carried.

What rewards does the card pay?+

Rewards come as points, earning more on international spend than on domestic, utility and insurance purchases. The credit card also carries welcome vouchers with travel, dining and retail partners, lounge visits, golf rounds, a round the clock concierge service, air accident cover and a fuel surcharge waiver.

How much can I borrow and how quickly do I get it?+

Personal loans run from INR 50,000 to INR 5,000,000 over terms of 12 to 72. Disbursement is Instant disbursement, so an approved application can reach the account straight away. Borrowing runs through the bank itself, and the loans cover home improvement as well as personal and debt consolidation.

What will a personal loan cost me?+

Interest is 9.99% to 16.5% on a fixed rate basis, so the rate is set rather than moving with the market. A processing charge of 2% of the loan amount plus taxes applies, and early repayment is not free.

What credit and income do I need to qualify?+

Applications carry a hard credit check, and the stated requirement is good credit. Eligibility is limited to Indian citizens of adult age, with a minimum monthly salaried income required before the check is run.

What do I earn on the savings account?+

The account pays 2.5% on a variable rate, so the return moves with the bank's pricing rather than being locked in. The minimum deposit is INR 2,500 to INR 15,000, and the balance stays available for payments and cash withdrawals.

How do I move money in and out?+

Funds are easy to reach: the account is easy access, with cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS all supported. That range of transfer rails is what makes the account workable day to day for a salaried account holder in India.

How do I get help from the bank?+

Support runs on phone, help centre and chat, so help comes by phone, through the help centre or by live chat. Cardholders also get a round the clock concierge service for bookings, and air accident cover is bundled with the card.

Who regulates the bank?+

The listed regulator in India is the Deposit Insurance and Credit Guarantee Corporation, and the accounts and cards are issued by ICICI Bank Ltd., a bank founded in 1994 and headquartered in India.

Sources

  • icici.bank.in checked September 26, 2026

    Backs: Funding time

    “Personal Loan - Get instant disbursement with no foreclosure charges after 24 EMIs”

  • icici.bank.in/about-us checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Licences

    “ICICI Bank was incorporated in 1994 as a part of the ICICI group”

  • icici.bank.in/personal-banking/accounts/savings-account checked September 26, 2026

    Backs: Account kind, Minimum deposit

    “Open a Savings Account with ICICI Bank and manage your funds securely. Customers can open Savings Account online through a digital process and access convenient banking services, Debit Card...”

  • icici.bank.in/personal-banking/accounts/savings-account/i... checked September 26, 2026

    Backs: Access terms, Headline rate, Rate type

    “An ICICI Bank Savings Account offers multiple benefits such as easy access to funds, cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS”

  • icici.bank.in/personal-banking/cards/credit-card checked September 26, 2026

    Backs: Card kind

    “However, you must repay the amount you have spent on the Card within a specified period”

  • icici.bank.in/personal-banking/cards/credit-card/sapphiro... checked September 26, 2026

    Backs: Annual fee, Features, Currency conversion fee, Perks, Rewards rate, Rewards type, Support channels

    “Sapphiro Credit Card: Joining fee- INR 6,500 + GST. Annual fee- INR 3,500 + GST (Spend over INR 6 lakh and get your Annual Fee waived off for the next year)”

  • icici.bank.in/personal-banking/loans/personal-loan checked September 26, 2026

    Backs: Loan amount, Credit check, Credit needed, Eligibility, Lender type, Loan types, Origination fee (%), Term, Use cases

    “ICICI Bank offers Personal Loans starting at 50,000 rupees up to 50,00,000”

  • icici.bank.in/personal-banking/loans/personal-loan/person... checked September 26, 2026

    Backs: APR, Free early repayment, Pricing model, Arrangement fee

    “Personal Loan interest rates: Between 9.99% and 16.50% per annum”

  • icicibank.com/personal-banking/loans/home-loan checked September 26, 2026

    Backs: Maximum loan to value, Purpose

    “Generally, lenders offer around 80-90% of the property's value as the loan amount.”

  • icicibank.com/personal-banking/loans/home-loan/interest-r... checked September 26, 2026

    Backs: Initial rate

    “Customers with a pre-approved Home Loan can get online sanction at current Home Loan interest @ 7.55%* p.a.”

Compiled from 10 source pages, checked September 26, 2026. We did not open an account.

ICICI Bank

ICICI Bank

One Indian bank for savings, a rewards credit card and instant personal loans.

8.9/10Visit