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HDFC Bank vs ICICI Bank Personal Loan
HDFC Bank and ICICI Bank advertise the same starting rate.
| HDFC Bank | ICICI Bank | |
|---|---|---|
| Starting interest rate | 9.99% | 9.99% |
| EMI for ₹5 lakh, 3 years | ₹16,131 | ₹16,131 |
| Total interest | ₹80,725 | ₹80,725 |
| Processing fee | Up to ₹6,500 plus GST | Up to 2% of the loan amount, plus applicable taxes |
| Prepayment | Foreclosure charge 4% up to 24 EMIs, 3% from 25 to 36 EMIs, 2% after 36 EMIs | Zero foreclosure charges after 24 EMIs |
| Maximum tenure | - | 7 years |
Source: HDFC Bank official page, checked 2 November 2026.
Source: ICICI Bank official page, checked 1 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Frequently asked questions
Which is cheaper, HDFC Bank or ICICI Bank personal loan?
HDFC Bank and ICICI Bank advertise the same starting rate. Your actual rate may differ from the starting rate.