HDFC Bank vs ICICI Bank Personal Loan — 2024 Comparison
Detailed comparison on rates, fees, eligibility, and disbursal. Updated August 2026.
HDFC Bank wins on 3 of 5 factors — its starting rate is 10.5% p.a. vs 10.8% for ICICI Bank.
Our Verdict
HDFC Bank wins on 3 out of 5 factors. Choose HDFC Bank if you want the lowest possible rate and have a strong credit profile. Choose ICICI Bank if you need faster disbursal or a higher loan amount.
HDFC Bank vs ICICI Bank — FAQ
HDFC Bank offers a lower starting rate (10.5%) and is better for high-credit-score applicants. ICICI Bank (10.8%+) is better if you need a faster disbursal or a higher loan amount.
HDFC Bank charges a processing fee of Up to 2.5% of the loan amount. This is charged upfront and deducted from the disbursed amount.
ICICI Bank typically requires a minimum CIBIL score of 700–730. Scores above 750 qualify for the lowest interest rates.
Applying to two lenders simultaneously results in two hard credit inquiries, which can reduce your CIBIL score by 10–20 points. Use SafeBorrow's comparison to choose one and apply to the best fit first.