ICICI Personal Loan

Personal Loan  Updated date : January 31, 2018 288

ICICI Personal Loan is available for any personal needs like renovating home, buying a computer, child education or marriage, dream vacation, etc. The ICICI personal loans are available to salaried individuals who have a salary account with the ICICI Bank. This loan is also extended to existing ICICI Bank personal loan customers. ICICI Bank does not offer personal loan to any self-employed individuals.

To be eligible for the ICICI personal loan, the prospective borrower should have been in employment for minimum 2 years. Moreover he should be residing at the current residence for at least one year. The borrower should be in the age range of 23-58 with a net monthly income of minimum Rs. 20,000/- pm.

ICICI personal loans are given for a minimum amount of loan amount Rs. 50,000/- and maximum amount of ICICI bank personal loan can go up to Rs. 30 Lakhs. The ICICI Bank charges a processing fee of 2% of the personal loan amount. The personal loan so taken can be repaid by equated monthly installments (EMI) within a period ranging from 1to 4 years.The borrower can prepay the personal loan anytime after completion of 6 months by paying the requisite prepayment charges of 5% of outstanding loan amount.

ICICI Bank personal loan you need to provide the following documents:

  • Proof of Identity – it can be any one of Passport / Driving License / Voters ID / PAN Card
  • Proof of Residence – can be any one of Ration Card / Utility Bill / Passport / LIC Policy Receipt
  • Latest 3 months Bank Statement where salary is deposited
  • Salary slips for latest 2 months

Normally, ICICI Bank sanctions the personal loan within 3 working days after receiving the complete application form with required documents.

Apply Today for Personal Loan in India & get lowest interest rate on Personal Loans

Features:  Salaried as well as self-employed individuals can avail of a personal loan from ICICI. The bank offers personal loans up to a maximum limit of Rs. 15 lakh to meet financial needs such as buying a lap-top or renovating a house. No security/guarantor is required. One can also get a loan on the repayment track of an existing loan or a credit card. The maximum loan repayment tenure is 60 months.

Processing Fees:  2.5% of loan amount

Prepayment Charges:  5% of outstanding loan amount

Max Tenure:  5 Years

Min-Max Age:  25-58

PlanInterest Rate (Min)Interest Rate (Max)EMIProcessing Fee
ICICI Bank11.59%20.00%3321 – 37162.5% of loan amount

Result 0 votes
Not Useful Happy Somewhat Useful Useful Very Useful

Apply Loan Loan Calculator Share

Most View Loan

  • HDFC Personal Loan
    HDFC Personal Loan
    Personal Loan

    HDFC Personal Loan is available for any personal needs like children’s education or marriage or dream vacation etc. to salaried and self-employed professionals and businessmen. HDFC Bank personal loan can be availed for a maximum limit of Rs. 30 Lakh...

  • SBI Personal Loan
    SBI Personal Loan
    Personal Loan

    SBI personal loan can be availed for any legitimate purposes such as expenses for domestic or foreign travel, medical treatment of self or a family member, meeting any financial liability such as marriage of son/daughter, defraying educational expens...

  • How can I get a personal loan if I have a bad credit score?
    How can I get a personal loan if I have a bad credit score?
    Personal Loan

    A personal loan is also called an unsecured loan. It is different from credit card for its lower interest rates. For personal loan, you are allowed to borrow a fixed amount in a fixed term at a fixed rate of interest. Each bank may have its maximum a...

  • How to apply Personal Loan Online?
    How to apply Personal Loan Online?
    Personal Loan

    Purposes for Which You can take a Personal LoanSince the name itself is personal loan it may be taken for variety of personal reasons. The best part is you do not have to disclose the reason for taking the loan even to the bank or financial instituti...

  • What is a personal loan?
    What is a personal loan?
    Personal Loan

    A personal loan is also known as an emergency loan. Banks don’t ask you the purpose of the loan . You can pretty much avail this loan for any need. A personal loan is unsecured (You don’t have to give a collateral/security) to avail this loan. This m...

  • How can I get a personal loan?
    How can I get a personal loan?
    Personal Loan

    General perception of personal loan was its very hard to get but it’s not the case now personal loans are made easy for you provided you need to have all the mandate documents and credit score of 750.Getting a online personal loan is very easy once y...

Loan Query / Support / Feedback