ICICI Bank Personal Loan

• Quick Loan Disbursal: Personal loan from ICICI Bank promises the desired loan amount in your account in 3 seconds. This feature is available for selected customers that also depends upon completion of online verification and acceptance of final offer
• Loan amount: ICICI Bank provides personal loan up to Rs 20 Lakh for any requirement. All one need to do is apply online or visit any nearby branch to process your loan application
• Fixed Interest Rate: ICICI Bank offers fixed interest rate on the personal loan which remains constant throughout the tenure and does not fluctuate as per changing interest rates in the market
• Minimal Documentation: ICICI Bank’s personal loan application process is hassle-free, thus making it extremely easy and convenient for individuals who wish to apply for the same
• Flexible Loan Tenure: The loan tenure ranges from 12 months to 60 months. Hence, customers can choose the tenure according to their feasibility overcoming any financial difficulty
• Personal Loan Balance Transfer: With ICICI Bank, one can also opt for Personal Loan Balance Transfer whereby anyone can reduce their EMIs by transferring the existing personal loan and avail extra funds for all the requirements at lower interest rate with additional benefits

• Wedding Loan: Despite saving for years for your child’s wedding, there might be a requirement of extra funds to deal with expenses like venue booking, guest accommodation, catering, shopping, jewellery, invitation cards, etc. With ICICI Bank, one can easily apply for a Wedding Loan and get funded to stay away from any inconvenience while making arrangements for the most important day. Some of the features of Wedding Loan are:

1. Wedding Loan interest rates start as low as 11.50% p.a. (Terms and Conditions apply)
2. One can avail loan amount up to Rs 20 Lakh
3. The documentation process is easy and minimal so the loan application is processed quickly and approved without any further delay if you meet the eligibility criteria and submit the necessary documents

• Home Renovation Loan:ICICI Bank offers home renovation loan for individuals who wish to get their home renovated for any occasion. With some extra funds, one can make his home new all over again by vital repairs or getting new fittings and fixtures and furniture. Some features of ICICI Bank Home Renovation Loan:

1. Personal Loan rate of interest for Home Renovation Loan starts as low as 11.50% (Terms and conditions apply)
2. Individuals can get loan amount up to Rs 20 Lakh to get their home renovated
3. Home Renovation Loan from ICICI Bank requires minimal documentation making the entire loan process hassle free and easy for new customers
4. The loan amount gets credited into the account in 72 hours (Terms and Conditions apply)

• Holiday Loan:A dream vacation is something we look forward to at some point or the other. ICICI Bank makes sure you don’t just dream for it but also make your dream holiday happen. Benefits of a Holiday Loan:

1. Interest Rates of Holiday Loans starting as low as 11.50% p.a. (Terms and Conditions apply)
2. One can avail Loan Amount up to Rs 20 Lakh so a dream vacation is not spoiled due to financial crunch
3. ICICI Bank offers simplified and minimal documentation for Holiday Loan
4. The bank ensures quick processing and disbursal of loan amount in your account

• Fresher Funding:ICICI Bank understands the struggle of a fresher and the hunt for their first job. Keeping in mind the difficulty of the situation of a fresher, ICICI Bank offers Fresher Funding with features that include the following:

1. Freshers can avail fresher funding personal loan up to Rs 1,50,000
2. Freshers at 21 year of age can avail Fresher Funding Personal Loan from ICICI Bank
3. The rate of interest for Fresher Funding depends on the profile of the loan applicant, the credit history, CIBIL Score, age and location of the applicant

For salaried professionals:

• He should be at least 23 years old
• His maximum age should be 58 years
• His minimum salary should be Rs. 17,500. If he is residing in Delhi or Mumbai then his minimum income should be Rs. 25,000 and if he is residing in Chennai, Bangalore, Hyderabad, Kolkata or Pune, the minimum income should be Rs. 20,000.
• He should have a total working experience of minimum 2 years.
• He should be living in the current residence for at least a year.

For self- employed individuals:

• He should be at least 28 years old
• His maximum age should be 65 years. If he is a doctor then his minimum age should be 25 years.
• If he is a non- professional, his minimum turnover should be Rs. 40 lakh and if he is a professional, his minimum turnover should be Rs. 15 lakh.
• His minimum profit after tax should be Rs. 2 lakh if he is a proprietorship firm/self-employed individual and Rs. 1 lakh if he is a non- professional.
• He should be in his current business for at least 5 years and should be in practice for minimum 3 years if he is a doctor.
• He should have minimum 1 year liability relationship with ICICI Bank (either savings or current account) or Asset relationship (loan) either live or closed in the last 36 months.
• His repayment track (if any) should be as required by the bank.

For salaried professionals:

• Proof of Identity:Passport/ Voters ID/Driving License/ PAN Card (any one)
• Proof of Residence:Utility Bill (not more than 3 months old)/Leave and License Agreement/Passport (any one)
• Salary slips for last 3 months
• Latest 3 months Bank Statement (where salary/income is credited)
• 2 Passport Size photographs

For self- employed individuals

• KYC Documents:Proof of Identity, Address proof, DOB proof
• Proof of Residence:Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one)
• Income proof (audited financials for the last two years).
• Office address proof
• Latest 6 months Bank statement
• Proof of continuity of business
• Proof of residence or office ownership

While you apply for a personal loan, it is important to know how much EMI you would be paying each month to repay the loan. Paisabazaar’s online EMI calculator is an easy to use tool that allows you to check your EMI so that you don’t borrow more than you can repay.

• Go to the EMI Calculator
• Scroll the bar to your desired loan amount, tenure and interest rate
• Know your EMI within seconds

ICICI Bank offers Top Up Loan where one can opt for a top-up on their existing loan or an altogether fresh loan in case of new requirement. The bank understands the financial crunch an individual faces and has just the right product for them. In case of Top up Loan, one can get a consolidated EMI covering the entire value. There is also an option of paying separate EMIs for both, the existing as well as a new top up loan.

• You can type your question here
• You can call at 1860 120 7777
• You can visit the nearest branch