ICICI Bank offers a variety of loans tailored specifically for its customers. ICICI Bank Personal Loans can be utilized for a variety of purposes. It seeks to deliver rapid financial solutions to loan applicants as one of India’s major financial institutions. The loans are also known as unsecured personal loans at 10.99% because they can be obtained without pledging any security to the bank.
Why are People Choosing ICICI Bank Personal Loan?
You can take advantage of attractive financing offers as well as a variety of additional product features. Here are a few reasons why you should get a personal loan from ICICI Bank.
- Interest Rates are affordable and flexible.
- Loan Approval is a fast process.
- 100% Transparency and a Simple Documentation Process.
- A maximum loan of Rs. 25 lakhs is available.
- Repayment options are flexible, ranging from one to five years.
- There are no hidden fees and the processing fee is low for the loan.
- Fast disbursement, with funds in your account in as little as two days.
ICICI Bank Personal Loan Interest Rate
Interest rates will range from 10.99% to 17.99% per annum. It will be determined by the customer’s credit score, credit history, and banking connection, as well as the bank’s internal policies.
| Interest Rate | 10.99% to 17.99% |
| Processing Fee | From Rs. 999 Up to 2.0% of the loan amount + Service Tax |
| Loan Tenure | 1 to 5 years |
| Age | 23 years up to 58 years |
| Prepayment Charges | Up to 5% per annum of principal outstanding and applicable service tax |
ICICI Bank Features and Benefits
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Loan with Multiple Uses
A personal loan from ICICI Bank can cover all of your needs, whether it’s for a wedding, refinancing your home, paying your college expenses, or arranging a vacation. Because personal loans can be used for a variety of purposes, they are also known as multi-purpose loans.
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Loan Amount
Both self-employed individuals and salaried working professionals can apply for ICICI personal loans. A salaried professional can borrow up to Rs. 20 lacs, self-employed individuals up to Rs. 30 lacs, and doctors up to Rs. 40 lacs.
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Flexible Interest Rate
The interest rate is fixed and is calculated on a monthly lowering basis. It is based on the outstanding balance, which is the amount that must be repaid after the EMI and interest have been paid.
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Flexible Tenures, EMI, and Payment Options
ICICI Bank offers a personal loan with an excellent interest rate and a loan term ranging from 12 to 60 months. You can pay back the loan in convenient installments and select an EMI plan that best suits your current financial situation.
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Personal Loan Repayment Option
- ECS (Electronic Clearing System)
- PDC (Post-dated cheques)
- The instructions for an auto-debit from your existing ICICI account.
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A Personal Loan is an Unsecured Loan
Without a guarantor or collateral, you can get an unsecured personal loan from ICICI bank.
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Easy Document Process
Getting a personal loan from ICICI bank is a quick and straightforward procedure. Because there is minimum paperwork needed in the process, you may Apply for a Personal Loan Online and receive easy personal loan approval.
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Affordable Interest Rates
The interest rate on an ICICI Bank Personal Loan ranges from 10% to 17.99% and is subject to change at any time. However, based on a customer’s credit score, repayment history, and the bank’s internal policies, the rate of interest may vary.
Eligibility Criteria of ICICI Bank Personal Loan
- The minimum age requirement is 23 years old, with a maximum age limit of 58 years old.
Cities |
Minimum Salary Requirement Per month |
| Applicants residing in Mumbai & Delhi | Rs. 25,000 |
| Applicants live in Chennai, Hyderabad, Bangalore, Pune & Kolkata | Rs. 20,000 |
| Applicants residing in other cities | Rs. 18,000 |
- Total number of years in job/profession: 2 years
- Total number of years spent in current residence: 1 year
Documents Required for ICICI Bank Personal Loan
- Complete online loan application: Fill the application online within two minutes.
- Address proof: Electricity Bill/Ration Card/Rental Agreement or Aadhar Card/Passport/Telephone.
- Bank statement: A bank statement from the last three months or a six-month bank passbook.
- Salary slip: Last three months’ payslip with Form 16
How to Apply for ICICI Bank Personal Loans at Afinoz?
Applying for an ICICI Bank Personal Loan with Afinoz is an easy process:
- Step 1: First, fill up the online application form.
- Step 2: Afinoz will evaluate your application and respond to you within minutes.
- Step 3: Within two days, you will receive your money.
ICICI Bank Customer Care for Personal Loan
Customers can contact ICICI Bank customer service using any of the methods listed below:
- ICICI Bank can be reached at 1860-120-7777. (toll-free)
- Request a callback: You can also request a call back by going to the bank’s website.
- Chatbot on the internet: Your questions can also be answered by the iPal chatbot online Branch.
- Visit: To receive answers to your questions, go to the nearest ICICI Bank branch.
Conclusion
One can get an ICICI Bank personal loan of up to Rs 25 lakh to cover unforeseen personal expenses. Personal loans from ICICI Bank provide a speedy approval process, ensuring a simple borrowing transaction. You can also acquire the funds in as little as 3 seconds with our online personal loan services or Contact ICICI Bank Customer Care Number.
