ICICI Bank Personal Loan

ICICI Bank Personal Loan Details

Particulars  Details 
Interest  Rate10.50% onwards
Loan AmountUp to INR 40 Lakh 
Tenure5 Years
Processing fee2.25% of the loan amount+ GST
SecurityNot required

ICICI Personal Loan Features and Benefits

  1. Flexible Repayment or Personal Loan: The ICICI bank provides a maximum loan amount up to INR 40 lakh. You can also choose the loan repayment option between 12-60 months.
  2. Rate of Interest: starting from 10.50% onwards.
  3. Quick Loan Approval: you can get instant approval within 72 hours of submitting the documents.
  4. Minimal Documentation: Required minimum documentation & hassle-free processing.
  5. Instant E-approval: Now, can apply for a personal loan online and get an instant e-approval.
  6. No Collateral : There is no collateral (security) required to get a personal loan on ICICI Bank
  7. Get Instant Personal Loan Up to INR 15 Lakh Through ICICI Bank ATMs
  8. CIbil score: must be your cibil up to 750+

ICICI Bank Personal Loan Top-up

If you need an extra loan but already have one loan running you can apply HDFC top-up loan for borrowing an extra loan. The ICICI personal loan top-up interest rate starts from 11.25% yearly. You can easily apply for minimum documentation; you don’t need to submit any security

You can apply through Internet Banking, Mobile Apps, and SMS banking. You can even visit the bank branch to apply for the said loan. (Depend on ICICI bank rules).

Eligibility Criteria for Personal Loan on ICICI Bank

Salaried IndividualsSelf-employed Individuals
Age must be between 23 years and 58 yearsAge must be between 25 years and 65years
The minimum Net Monthly Income of the applicant should be INR 17,000 – 20,000minimum turnover of the business of the applicant must be INR 40 lakhs in case of (non-professionals) and INR 15 Lakhs in case of professionals
You must have 2 years of working experience, you are currently working.Minimum 5 years experience in business (3 years for doctors)

ICICI Personal Loan Documents Required

  1. Signed loan application form with photograph
  2. Identity proof:  passport, pan card, voter identity card, diving  card, Aadhaar card
  3. Income Proof:  3 to 6-month salary slip ( For salaried individual)                                                                                            2 year ITR, Balance Sheet, Last 3-month bank statement, owner proof &   business proof also ( Self-employed individual).
How to Apply for ICICI Personal Loan

It is absolutely easy for you to apply for this loan online

  1. Online application: you can apply for a personal loan online first go to Google and find WWW.ICICIBANK.COM  and register or open your account.
  2. Loan List: apply for your personal loan & check your eligibility & loan amount instantly.
  3. Document Submission: The bank relationship manager fixes up an appointment to submit your document for a quick personal loan.
  4. Verification: After your documents have been collected, your personal loan application will be verified.
  5. Approval & Disbursal: when your documentation verification is successful, then the bank transfers your loan amount to your bank.

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