Key takeaways: Federal Bank vs ICICI Bank
- On a personal loan, ICICI Bank has the lower published starting rate at 9.99%, against 11.75% at Federal Bank.
- Federal Bank advertises the lower starting home loan rate here, 7.35%, compared with 8.50% at ICICI Bank.
- ICICI Bank advertises the lower starting education loan rate here, 8.50%, compared with 10.10% at Federal Bank.
- All of them publish a numeric starting rate for: personal loan, home loan, education loan, car loan and two-wheeler loan. That is the part of this page you can rank like for like.
- A starting rate is the best case. Ask each loan provider for its Key Fact Statement and compare the APR and total repayable amount before you choose.
Quick verdict: who each loan provider suits
Built only from figures the loan providers publish. It says where each loan provider is ahead on paper, not who will approve you.
Pick Federal Bank if you want
- The lower published starting home loan rate (7.35%)
- The lower published starting car loan rate (7.90%)
- The widest range of loan types with a published rate (7)
Pick ICICI Bank if you want
- The lower published starting personal loan rate (9.99%)
- The lower published starting education loan rate (8.50%)
- The lower published starting two-wheeler loan rate (10.25%)
- The longer personal loan tenure (84 months (min 12 months))
Federal Bank vs ICICI Bank at a glance
| Detail | Federal Bank | ICICI Bank |
|---|---|---|
| Loan provider type | Private bank | Private bank |
| Legal name | The Federal Bank Limited | ICICI Bank Limited |
| Loan types with a published rate | Personal loan, Home loan, Loan against property, Business loan, Education loan, Car loan, Two-wheeler loan | Personal loan, Home loan, Gold loan, Education loan, Car loan, Two-wheeler loan |
| Personal loan: published rate | 11.75% to 18.99% p.a. | Starts at 9.99% p.a. |
| Personal loan: maximum tenure | 60 months | 84 months (min 12 months) |
| Home loan: published rate | 7.35% to 9.50% (term loan); 7.45% to 9.60% (overdraft); loans up to Rs 35 lakh priced 1% higher | Starts from 8.50% p.a. |
| Home loan: maximum tenure | 360 months (30 years) for residents; NRI capped at 20 years | Up to 30 years based on eligibility |
| Official website | federal.bank.in | icici.bank.in |
Searching for ICICI Bank vs Federal Bank instead? It is the same comparison, so both open this page.
Federal Bank vs ICICI Bank personal loan: rate, fees and tenure
Starting personal loan rates as published: Federal Bank from 11.75% and ICICI Bank from 9.99%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. ICICI Bank lists the longer maximum tenure (84 months (min 12 months)).
| Detail | Federal Bank | ICICI Bank |
|---|---|---|
| Published rate | 11.75% to 18.99% p.a. | Starts at 9.99% p.a. |
| Rate basis | fixed | fixed; varies by loan amount, profile, employment type, relationship |
| Loan amount | Not published | Rs 50,000 to Rs 50,00,000 |
| Maximum tenure | 60 months | 84 months (min 12 months) |
| Processing fee | Not published | Up to 2% of loan amount + applicable taxes |
| Prepayment / foreclosure | Part or full prepayment allowed; charges not stated on page | Foreclosure allowed after 1 EMI; no foreclosure charges after 24 EMIs, charges may apply before per service charges |
| Eligibility (as published) | Age 21 to 55 years; monthly net salary Rs.25,000 and above | Salaried age 18-58 (FAQ: 20-58), min income Rs 30,000/month; self-employed 23+; CIBIL 750+ preferred |
| Other terms published |
|
|
| Official source | federal.bank.in/personal-loans federal.bank.in/loan-rate | icici.bank.in/personal-banking/loans/personal-loan |
EMI illustration: ₹5 lakh over 5 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 11.75% | ₹11,059 | ₹1,63,550 | ₹6,63,550 |
| ICICI Bank | 9.99% | ₹10,621 | ₹1,37,264 | ₹6,37,264 |
Illustration only, at each loan provider's lowest published rate. It leaves out processing fees, GST, insurance and any other charges, and it is not an offer. Your approved rate may be higher.
Read the full guide: Personal loan
Federal Bank vs ICICI Bank personal loan: full comparison with EMI, fees and FAQs
Federal Bank vs ICICI Bank home loan: rate, fees and tenure
Starting home loan rates as published: Federal Bank from 7.35% and ICICI Bank from 8.50%. Federal Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | Federal Bank | ICICI Bank |
|---|---|---|
| Published rate | 7.35% to 9.50% (term loan); 7.45% to 9.60% (overdraft); loans up to Rs 35 lakh priced 1% higher | Starts from 8.50% p.a. |
| Rate basis | floating, linked to RBI Repo Rate | floating (tied to RBI repo rate) or fixed; varies by profile |
| Loan amount | Rs. 1500 lakhs (page title says up to Rs 15 lakhs; inconsistent) | Up to Rs 10 crore (og description says Rs 5 crore) |
| Maximum tenure | 360 months (30 years) for residents; NRI capped at 20 years | Up to 30 years based on eligibility |
| Processing fee | Not published | Up to 2% of loan amount + applicable taxes |
| Prepayment / foreclosure | No pre-closure charges; part or full prepayment allowed | Nil for floating-rate home loans; fixed-rate not stated |
| Eligibility (as published) | Self-employed residents up to 65 years (80 with co-obligant); NRI age not above 55 at end of tenure | Age 20-65 salaried, 21-70 self-employed; credit score 700+ (FAQ: ideally 750+); residents and NRIs |
| Other terms published |
|
|
| Official source | federal.bank.in/housing-loan federal.bank.in/loan-rate | icici.bank.in/personal-banking/loans/home-loan |
EMI illustration: ₹50 lakh over 20 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 7.35% | ₹39,822 | ₹45,57,354 | ₹95,57,354 |
| ICICI Bank | 8.50% | ₹43,391 | ₹54,13,879 | ₹1,04,13,879 |
Illustration only, at each loan provider's lowest published rate. It leaves out processing fees, GST, insurance and any other charges, and it is not an offer. Your approved rate may be higher.
Read the full guide: Home loan
Federal Bank vs ICICI Bank home loan: full comparison with EMI, fees and FAQs
Federal Bank vs ICICI Bank loan against property: rate, fees and tenure
Only Federal Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. ICICI Bank does not publish a numeric starting rate for this product on its site.
| Detail | Federal Bank | ICICI Bank |
|---|---|---|
| Published rate | Property Power Loan 8.30% to 10.00% (term), 8.50% to 10.50% (overdraft) | Not published |
| Rate basis | floating, linked to RBI Repo Rate (fixed also available) | Not published |
| Loan amount | Up to Rs. 20 Crore | Up to 75% of property market value may be availed (LTV, per FAQ) |
| Maximum tenure | 15 years (120 months) | Up to 15 years |
| Prepayment / foreclosure | Foreclosure and part-payment processes described; charges not stated | Nil foreclosure charges for SMEs; others per service charges page |
| Eligibility (as published) | Resident/NRI/PIO; minimum age 24; salaried or self-employed; 720 or above credit score for better approval chances | Age 20-65 salaried, 21-70 self-employed; credit score 700+; residents and NRIs |
| Other terms published |
|
|
| Official source | federal.bank.in/loan-against-property federal.bank.in/loan-rate | icici.bank.in/personal-banking/loans/home-loan/loan-against-property |
Read the full guide: Loan against property
Federal Bank vs ICICI Bank business loan: rate, fees and tenure
Only Federal Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. ICICI Bank does not publish a numeric starting rate for this product on its site.
| Detail | Federal Bank | ICICI Bank |
|---|---|---|
| Published rate | Other Business Loans 10.85% to 16.60% (MSME, floating repo-linked); 11.90% to 17.75% (non-MSME, MCLR-linked) | Secured: up to Repo Rate + 6.0% (non-PSL); CGTMSE-backed: up to Repo Rate + 6.50% |
| Rate basis | repo-linked (MSME) / MCLR (non-MSME) / fixed | repo-linked |
| Loan amount | Up to Rs 20 crore (rate table scope) | Not published |
| Maximum tenure | 120 months | Not published |
| Processing fee | Not published | Up to 2% of facility amount + applicable taxes |
| Prepayment / foreclosure | Not published | Per sanction letter terms; nil foreclosure charges for micro and small enterprises |
| Eligibility (as published) | Individuals, proprietorships, partnerships, LLPs, companies in manufacturing, services or trading | Not published |
| Other terms published |
| Not published |
| Official source | federal.bank.in/business-loans federal.bank.in/loan-rate | icici.bank.in/business-banking/business-loans/schedule-of-charges |
Read the full guide: Business loan
Federal Bank vs ICICI Bank gold loan: rate, fees and tenure
Only ICICI Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Federal Bank does not publish a numeric starting rate for this product on its site.
| Detail | Federal Bank | ICICI Bank |
|---|---|---|
| Published rate | Not published | Ranges from 8.55% to 16.50% (Q4 Jan-Mar 2026 per page; FAQ min 8.75%, meta description 'starting at 9.25%') |
| Loan amount | Rs 3,000 to Rs 150 Lacs | Up to Rs 3 crore (meta description says Rs 2 Cr) |
| Processing fee | Not published | Up to 2% of loan amount + applicable taxes |
| Prepayment / foreclosure | Foreclosure and prepayment allowed; charges not stated | Not published |
| Eligibility (as published) | Individuals above 18 years with gold to pledge | Indian citizens aged 18-85 |
| Other terms published |
|
|
| Official source | federal.bank.in/gold-loans | icici.bank.in/personal-banking/loans/gold-loan |
Read the full guide: Gold loan
Federal Bank vs ICICI Bank education loan: rate, fees and tenure
Starting education loan rates as published: Federal Bank from 10.10% and ICICI Bank from 8.50%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | Federal Bank | ICICI Bank |
|---|---|---|
| Published rate | 10.10% to 13.50% | Starts at 8.50% p.a. up to 10.25% p.a. (indicative) |
| Rate basis | floating, linked to RBI Repo Rate | varies by secured/unsecured, course type and institute category |
| Loan amount | Special Vidya Loan: Rs 10 lakhs (India), Rs 20 lakhs (abroad); Fed Scholars: Rs 20 lakhs | Up to Rs 3 crore |
| Maximum tenure | Moratorium (course period + 1 year) plus 15 years | Up to 15 years |
| Processing fee | Fed Scholars: no processing fee | Not published |
| Prepayment / foreclosure | Not published | No foreclosure charges |
| Eligibility (as published) | Indian national with admission to approved professional/technical course; vocational courses not eligible | Indian national; age 16-65 at maturity; 10+2 or diploma; confirmed admission to listed institute; good academic record |
| Other terms published |
|
|
| Official source | federal.bank.in/education-and-career-loans federal.bank.in/loan-rate | icici.bank.in/personal-banking/loans/education-loan |
Read the full guide: Education loan
Federal Bank vs ICICI Bank education loan: full comparison with EMI, fees and FAQs
Federal Bank vs ICICI Bank vehicle loans
Federal Bank advertises the lower starting car loan rate here, 7.90%, compared with 8.40% at ICICI Bank. ICICI Bank advertises the lower starting two-wheeler loan rate here, 10.25%, compared with 12.60% at Federal Bank.
| Detail | Federal Bank | ICICI Bank |
|---|---|---|
| Car loan: published rate | 7.90% - 9.00% | From 8.40% |
| Car loan: maximum tenure | 84 months | Up to 84 months |
| Car loan: processing fee | 1% of loan (min ₹1,000, max ₹50,000) | Up to Rs 8,500 + GST |
| Two-wheeler loan: published rate | 12.60% - 16.00% | 10.25% - 26.10% |
| Two-wheeler loan: maximum tenure | 60 months | Up to 36 months |
| Two-wheeler loan: processing fee | 2.50% (min ₹2,500) | Up to 4% of loan amount |
Full vehicle loan comparison for Federal Bank vs ICICI Bank (all vehicle types, EMI tables and sources) · Vehicle loans guide
Which is better: Federal Bank or ICICI Bank?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Personal loan, lower starting rate: ICICI Bank (9.99%) versus 11.75% at Federal Bank.
- Home loan, lower starting rate: Federal Bank (7.35%) versus 8.50% at ICICI Bank.
- Education loan, lower starting rate: ICICI Bank (8.50%) versus 10.10% at Federal Bank.
- Car loan, lower starting rate: Federal Bank (7.90%) versus 8.40% at ICICI Bank.
- Two-wheeler loan, lower starting rate: ICICI Bank (10.25%) versus 12.60% at Federal Bank.
- Personal loan, longer maximum tenure: ICICI Bank (84 months (min 12 months)). A longer tenure lowers the EMI but raises total interest.
Pick on total cost, not the headline rate: ask each loan provider for the Key Fact Statement and compare the APR and total repayable amount. A low rate with a high processing fee can cost more than a slightly higher rate with no fee. If you already bank with one of them, a salary or relationship account can change the rate you are offered, so ask.
Bank type and how each loan provider sets its rate
Federal Bank and ICICI Bank are private banks.
How the loan providers' own pages say their rates are set:
- Federal Bank personal loan: fixed.
- Federal Bank home loan: floating, linked to RBI Repo Rate.
- ICICI Bank personal loan: fixed; varies by loan amount, profile, employment type, relationship.
- ICICI Bank home loan: floating (tied to RBI repo rate) or fixed; varies by profile.
Public sector banks, private banks and non-banking finance companies (NBFCs) price differently. Banks usually link floating rates to the RBI repo rate or their own benchmark and add a spread based on your credit score; NBFCs more often quote a wider range with a higher ceiling and charge higher processing fees. Some publish a range, some only a starting rate and some only a ceiling, which is why this page compares like with like and marks every gap as not published instead of guessing.
About Federal Bank and ICICI Bank
Federal Bank
Private bank · The Federal Bank Limited
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on Federal Bank's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 7.35% (Home loan)
ICICI Bank
Private bank · ICICI Bank Limited
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on ICICI Bank's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 8.50% (Home loan)
Explore each loan provider: loans, calculators and more comparisons
Federal Bank
- Federal Bank vehicle loans
- Federal Bank car loan
- Federal Bank used car loan
- Federal Bank two-wheeler loan
More comparisons
Guides: Personal loans · Home loans · Car loan · Car loan EMI calculator · EMI calculators
What to check before you choose a loan provider
- Ask for the Key Fact Statement (KFS). RBI requires loan providers to give you one before you sign, showing the interest rate, all fees, the APR and the total amount you will repay.
- Compare APR, not the headline rate. Processing fee, documentation charges and insurance change the real cost.
- Check the rate basis. A floating rate moves with the loan provider's benchmark; a fixed rate does not. Ask when the rate resets.
- Ask about prepayment and foreclosure. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
- Read the eligibility and documents. Income, credit score, employment type and collateral decide the rate band you land in.
Terms used on this page
Plain meanings of the terms this comparison uses.
Starting rate: The lowest rate a loan provider advertises for a product. Most borrowers are offered a higher rate, because the final rate depends on credit score, income, employer and loan amount.
APR: Annual percentage rate. It adds the processing fee and other charges to the interest rate, so it shows the yearly cost of the loan better than the interest rate alone.
Key Fact Statement: A short summary the loan provider gives you before you sign. It lists the interest rate, every fee, the APR and the total amount you will repay. RBI requires it for retail loans.
Floating rate and repo rate: A floating rate moves with a benchmark, and for banks that is usually the RBI repo rate, the rate at which RBI lends to banks. A fixed rate stays the same for the period you agree.
Processing fee: A one-time charge for handling the application. It is usually a percentage of the loan amount plus GST, and it is often deducted before the money reaches you.
Credit score: A number from 300 to 900 that shows how you have repaid past loans and cards. A higher score usually gets you a lower rate.
Sources, method and last check
Every figure above comes from the loan provider's own website. We checked them on 12 October 2026 (vehicle loan figures on 4 October 2026) and list the pages used.
- Federal Bank: federal.bank.in/personal-loans · federal.bank.in/loan-rate · federal.bank.in/housing-loan · federal.bank.in/loan-against-property · federal.bank.in/business-loans · federal.bank.in/gold-loans
- ICICI Bank: icici.bank.in/personal-banking/loans/personal-loan · icici.bank.in/personal-banking/loans/home-loan · icici.bank.in/personal-banking/loans/home-loan/loan-against-property · icici.bank.in/business-banking/business-loans/schedule-of-charges · icici.bank.in/personal-banking/loans/gold-loan · icici.bank.in/personal-banking/loans/education-loan
| Loan provider | Official pages opened | Loan types with a published rate | Loan types where rate is not published | Last checked |
|---|---|---|---|---|
| Federal Bank | 11 | 7 | 1 | 12 October 2026 |
| ICICI Bank | 10 | 6 | 2 | 12 October 2026 |
A "not published" count means we opened the loan provider's page for that product and the rate was not shown there, or the loan provider has no such page on its site. If you spot an error, tell us and we will correct it.
Method: we list only figures we could read on the loan provider's official pages. A blank means the loan provider does not publish that figure on the page we checked, and we never estimate one. Rankings use the published starting rate and published maximum tenure only. Read our editorial policy, how we make money and tell us about an error.
More loan provider comparisons
Federal Bank compared with other loan providers (15)
ICICI Bank compared with other loan providers (15)
Add a third loan provider to Federal Bank vs ICICI Bank (8)
Compare any two or three loan providers · Personal loans · Home loans · Vehicle loans
Frequently asked questions
Which is better: Federal Bank or ICICI Bank?
On a personal loan, ICICI Bank has the lower published starting rate at 9.99%, against 11.75% at Federal Bank. Federal Bank advertises the lower starting home loan rate here, 7.35%, compared with 8.50% at ICICI Bank. The page also compares education loans, car loans and two-wheeler loans. A starting rate is the best case, not a typical offer, so confirm the annual percentage rate (APR) and total repayable amount in each loan provider's Key Fact Statement. Figures are as published on the loan providers' own websites and checked 12 October 2026. The better choice depends on your profile, the loan type, the amount and the fees in your offer letter.
ICICI Bank or Federal Bank: which should I pick for a loan?
Order does not change the comparison, so Federal Bank vs ICICI Bank and ICICI Bank vs Federal Bank are the same page. Start with the loan type you need: the sections above show each loan provider's published rate, fees, tenure and prepayment terms for it, and the lower starting rate is not always the lower total cost.
Which has the lower personal loan interest rate: Federal Bank or ICICI Bank?
ICICI Bank has the lower published starting rate. Published starting rates: Federal Bank 11.75% and ICICI Bank 9.99% (checked 12 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the personal loan processing fee at Federal Bank and ICICI Bank?
Federal Bank: not published. ICICI Bank: Up to 2% of loan amount + applicable taxes. Fees can change and GST is usually extra, so check the Key Fact Statement.
Which has the lower home loan interest rate: Federal Bank or ICICI Bank?
Federal Bank has the lower published starting rate. Published starting rates: Federal Bank 7.35% and ICICI Bank 8.50% (checked 12 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the home loan processing fee at Federal Bank and ICICI Bank?
Federal Bank: not published. ICICI Bank: Up to 2% of loan amount + applicable taxes. Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum home loan tenure at Federal Bank and ICICI Bank?
Federal Bank: 360 months (30 years) for residents; nri capped at 20 years. ICICI Bank: up to 30 years based on eligibility.
How much personal loan can I get from Federal Bank and ICICI Bank?
Federal Bank: not published. ICICI Bank: Rs 50,000 to Rs 50,00,000. The loan provider decides the final amount from your income, credit score and existing obligations.
What is the EMI on a ₹5 lakh personal loan at Federal Bank and ICICI Bank?
Over 5 years at each loan provider's lowest published rate: Federal Bank about ₹11,059 a month at 11.75%; ICICI Bank about ₹10,621 a month at 9.99%. An illustration that leaves out fees, GST and insurance; your offered rate may be higher.
What is the EMI on a ₹50 lakh home loan at Federal Bank and ICICI Bank?
Over 20 years at each loan provider's lowest published rate: Federal Bank about ₹39,822 a month at 7.35%; ICICI Bank about ₹43,391 a month at 8.50%. An illustration that leaves out fees, GST and insurance; your offered rate may be higher.
Can I prepay or foreclose a home loan early at Federal Bank and ICICI Bank?
Federal Bank: No pre-closure charges; part or full prepayment allowed. ICICI Bank: Nil for floating-rate home loans; fixed-rate not stated. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which loans do Federal Bank and ICICI Bank publish rates for?
Federal Bank: personal loan, home loan, loan against property, business loan, education loan. ICICI Bank: personal loan, home loan, gold loan, education loan. Based on each loan provider's own website, checked 12 October 2026.
Which is better for a car loan: Federal Bank or ICICI Bank?
Federal Bank advertises the lower starting car loan rate here, 7.90%, compared with 8.40% at ICICI Bank. See the full vehicle loan comparison for tenure, fees and EMI tables.
Are Federal Bank and ICICI Bank regulated by the RBI?
Federal Bank and ICICI Bank are banks regulated by the Reserve Bank of India (RBI). Check a loan provider's registration on the RBI website before you apply, and apply only through its official channels.
How do I compare Federal Bank and ICICI Bank on real cost, not just the rate?
Ask each loan provider for its Key Fact Statement, then compare three numbers: the APR, the total amount you repay and the fees charged upfront, such as processing fee, documentation charge and insurance. The loan with the lower APR and the lower total repayment is the cheaper one, even when its headline rate looks higher.
Does my credit score change the rate at Federal Bank and ICICI Bank?
Yes. Loan providers keep their lowest published rate for borrowers with a strong credit score, usually 750 and above, and steady income. A lower score or a short work history usually means a higher rate, a higher processing fee or a smaller loan amount.
Are the rates on this page the rate I will get?
No. They are the rates the loan providers publish, usually a range or a starting rate. Your approved rate depends on your credit score, income, loan amount, tenure and, for secured loans, the asset. Always read the Key Fact Statement before you sign.
Does KhatuLoans lend money or charge for this comparison?
KhatuLoans is not a loan provider. The loan provider decides approval, rate and terms. Our comparisons are free to read, and we are not paid by the loan providers named here to rank them. See how we make money on our advertiser disclosure page.
KhatuLoans is not a loan provider and is not paid by the loan providers named here to rank them. Rates, fees and eligibility change; always confirm with the loan provider. Read our editorial policy and how we make money.