ICICI Bank Personal Loan Balance Transfer

While the ICICI Bank Personal Loan interest rates start from 11% p.a., the lender has not specified the interest rates for its personal loan balance transfer facility. The final interest rates set for personal loan borrowers exercising the ICICI Bank Personal Loan balance transfer facility depends on factors like their credit scores, monthly income, occupation profile, etc.

The interest rates for the Personal Loan balance transfer facility also depends on the loan amount and tenure selected by the applicant along with the interest rate of the existing personal loan being transferred to the bank.

ICICI Bank Personal Loan balance transfer facility is available for existing personal loan borrowers of other lenders provided they have paid 12 EMIs of their ongoing personal loans. The lender has not specified the eligibility criteria for its personal loan balance transfer applicants. However, the personal loan eligibility criteria for availing ICICI Bank Personal Loans, which may also apply for its personal loan balance transfer applicants, are as follows:

For Salaried

Note: The minimum salary requirement shall differ as per the applicant’s profile (type of employer, having a relationship with ICICI Bank etc.).

For Self-Employed

Note: ICICI Bank provides Loans to self-employed individuals under business instalment loans.

The documentation required by existing personal loan borrowers of other banks and NBFCs who wish to exercise the ICICI Bank Personal Loan balance transfer facility is as follows:

Existing personal loan borrowers of other lenders can apply for ICICI Bank Personal Loan balance transfer by following the below mentioned steps:

Step 1: Visit the official page of ICICI Bank personal balance transfer and Click on ‘Apply Now’.

Step 2: Enter the personal details asked by the lender and click on ‘Check Eligibility’ to see if they are eligible for availing the personal loan balance transfer facility from the lender

Alternatively, ICICI Bank Personal Loan balance transfer applicants can also apply for this facility by visiting the nearest bank branch or through its mobile banking app.