ICICI Bank vs SBI Personal Loan: Which Should You Choose?
A side-by-side comparison of ICICI Bank and SBI personal loan on the things that affect your wallet. Figures are illustrative 2026 ranges — your actual offer depends on your profile.
ICICI Bank
Personal Loan
- Interest rate
- from 10.75% p.a.
- Max amount
- ₹50 Lakh
- Max tenure
- 6 years
- Processing fee
- up to 2.5%
SBI
Personal Loan
- Interest rate
- from 11.15% p.a.
- Max amount
- ₹30 Lakh
- Max tenure
- 6 years
- Processing fee
- up to 1.5%
The verdict
ICICI Bank advertises a lower starting rate (from 10.75% p.a. vs 11.15% p.a.), but the rate you actually get depends on your credit profile and income. SBI may still win on amount, tenure or speed for your situation — so compare your real offers from both before deciding.
Compare your real offersSoft check — won't affect your credit score.
Choose ICICI Bank if…
- • Instant disbursal for pre-approved customers
- • Loans up to ₹50 Lakh
- • 100% paperless options
Choose SBI if…
- • Lower rates for government/PSU employees
- • Low processing fee
- • Loans up to ₹30 Lakh
ICICI Bank vs SBI — FAQs
Which is better, ICICI Bank or SBI personal loan?+
ICICI Bank advertises a lower starting rate (from 10.75% p.a. vs 11.15% p.a.), but the rate you actually get depends on your credit profile and income. SBI may still win on amount, tenure or speed for your situation — so compare your real offers from both before deciding.
Is ICICI Bank or SBI cheaper for a personal loan?+
ICICI Bank starts from 10.75% p.a. and SBI from 11.15% p.a., but your final rate depends on your credit score and income. Always compare the total cost (rate + fees) over the full tenure.
Can I compare ICICI Bank and SBI on RupeeQuik?+
Yes. Compare your eligible offers from both with a soft credit check that doesn't affect your score, then apply to the best-fit option.
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