icici personal loan

Know All About ICICI Personal Loan and Apply Online Now!

Business Finance

ICICI Bank is one of the top banks in India that provided one of the lowest interest rates on personal loans that is at 11% per annum. Personal loans are the best way to deal any urgent financial crisis as they are unsecured and can be approved instantly. At ICICI Bank, you can get the loan amount up to ₹40 lakhs which is one of the maximum loan amounts. This loan is a multi-purpose loan and you also get to choose the tenure from 1 to 5 years as per your convenience. So, if you are also in need of money but have not yet found the perfect deal, check ICICI personal loan details here.

Features of ICICI Personal Loan

  • You can get the interest rate as low as 11% p.a
  • The loan tenure is up to 5 years
  • The maximum loan amount is ₹40 lakhs
  • Get the money for any personal or professional need under this multi-purpose loan
  • There is no need to provide any security for this loan so it is an unsecured personal loan

Eligibility Criteria

Just like any other loan, a personal loan is also given to the people who match the eligibility criterion set by the bank. This criterion is subject to change from one profession to another. So, ICICI personal loan eligibility criteria are as follows:

For Salaried:

  • The age of the applicant should be between 23-58 years
  • The applicant’s minimum net monthly income should  be ₹17,500/-
  • The minimum work experience required for this loan is 2 years with 1 year of experience at the current organization

For Self-employed:

  • The age of the applicant should be between 28-65 years
  • The applicant’s minimum net annual income should  be more than ₹15 lakhs
  • The minimum work experience required for this loan is 5 years

Documents Required

Even though this personal loan is an unsecured loan, you have to submit some of the basic documents to the bank. The better the documentation is, the higher is the chance to get instant approval. So, the list of the documents required is as follows:

For Salaried:

  • Identity Proof: Passport/Driving License/Voters ID Card/PAN Card/Aadhar Card
  • Residence Proof: Leave and License Agreement/Utility Bill (not more than 3 months old)/Passport/Aadhaar Card
  • Last 3 months bank statement with the details of salary credited
  • Last 3 months salary slip
  • 2 passport size photos

For Self-employed:

  • Identity Proof: Passport/Driving License/Voters ID Card/PAN Card/Aadhar Card
  • Residence Proof: Leave and License Agreement/Utility Bill (not more than 3 months old)/Passport/Aadhaar Card
  • Date of Birth proof
  • Income proof (audited financial for the last 2 years)
  • Last 6 months bank statements
  • Office address proof
  • Proof of residence or office ownership
  • Proof of continuity of business
  • 2 passport size photos

How to Apply

To apply for a personal loan at ICICI Bank, you can either follow the offline process or apply online so as to save your time. So, if you want to apply offline you can simply visit your nearest bank branch along with the required documents. On the other side, if you want to apply online, you can visit the official website of the bank or can also apply through reliable finance providing companies.

ICICI Personal Loan Interest Rate

ICICI Bank offers the lowest personal loan interest rates with the rates starting from 11% and goes upto 18.49% per annum.

ICICI Personal Loan EMI Calculator

An EMI calculator is the tool that is used to calculate the monthly installment on a loan. This calculator can be used to calculate the EMI of any loan including personal loans. All you have to do is mention the loan amount, loan tenure and the interest rate offered to you by the bank. Once you have mentioned these details, you get the details of the EMI, the total interest outgo, and the total amount, in short, you will know about the detailed payments from your side. The tool is easy to use and time-saving so use it as per your convenience and enjoy a smooth loan journey at ICICI Bank.

ICICI Personal Loan Customer Care Number

In case, you have any queries related to your personal loan, feel free to get in touch with the bank through its toll-free customer care number-1800 102 4242 between 9 am to 6 pm from Monday to Friday. You can dial this toll-free number anytime in order to be in touch with the bank, which basically helps in solving all your queries or concern for a personal loan. The bank executives are always there to help and guide you in the best way possible.

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