BAJAJ FINSERV DIRECT LIMITED
✓Minimal Documentation ✓Collateral Free Loans ✓Instant Loan Disbursal | Apply for Personal Loan Now!

ICICI Bank Personal Loan

Know Features, Benefits, Eligibility, Documents Required & Interest rate for ICICI Bank Personal loan

ICICI Bank provides personal loans to offer a quick and convenient way to manage your financial needs, whether for large expenses or unforeseen events. With the option to borrow up to ₹50 Lakhs, the loan is designed to offer flexibility. It comes with a repayment period of up to 6 years. The easy application process and competitive interest rates starting from 10.25% p.a. make an ICICI Bank Personal Loan a reliable solution.

ICICI Bank Personal Loan Interest Rates and Charges

Here are the interest rates and other charges applicable to a personal loan offered by ICICI Bank:

Type of Charges

Details

Interest Rate

10.85% p.a. onwards

Processing Charges

Up to 2% of the loan amount + GST

Late Payment Charges

5% p.a. on the overdue EMI until paid

Non Maintenance of Mode of Payment Charges

₹800

Prepayment Charges

  • 3% of the loan amount + GST - If prepaid within 12 EMIs

  • Nil - If prepaid after 12 EMIs

*Disclaimer: The details are subject to change at the lender’s discretion. Please contact the bank and verify all the details before applying for a loan.

Features and Benefits of an ICICI Bank Personal Loan

High Loan Amount

You can borrow up to ₹50 Lakhs with an ICICI Bank Personal Loan

Low Interest Rate

The ICICI Bank Personal Loan interest rate starts from just 10.85% p.a.

Flexible Repayment Tenure

You can choose to repay the loan over a flexible period of up to 6 years, as per your convenience

Zero Collateral

You do not have to submit any collateral to get the required loan amount

Minimal Documentation

The paperwork required to apply for a personal loan from ICICI Bank is minimal. Simply submit your KYC documents and income proof to get the loan.

Foreclosure Facility

You can prepay and foreclose your loan for a nominal charge. If you choose to close the loan after paying the first 12 instalments,

 then you do not have to pay any additional fees for using this service.

Read More
View More

Eligibility Criteria and Documents Required for an ICICI Bank Personal Loan

ICICI Bank provides personal loans to both self-employed and salaried individuals. The eligibility parameters for both categories are different. Along with a good CIBIL score, here are the ICICI Bank Personal Loan eligibility criteria that an individual needs to meet to qualify for the loan:

Eligibility Parameters

For Salaried Individuals

For Self-Employed Individuals

Citizenship

The borrower can be a citizen of India or an NRI. However, he/she must be working in India. 

The borrower can be a citizen of India or an NRI. However, he/she must be working in India. 

Age of the applicant

20 to 58 years old 

23 to 65 years old

Work Stability

Must have a work experience of at least 2 years 

Must have a total experience of at least 3 years with the current business’ vintage being a minimum of 2 years

Additionally, if salaried, you are required to have a minimum net monthly income of ₹30,000. This may differ depending on your customer profile which includes details like your relationship with ICICI Bank and information about your current employer.

Furthermore, you will have to furnish the following documents when applying for the loan: 

1. Salaried applicants 

  • Passport-size photos

  • Address proof, such as utility bills, rent agreements, and more

  • Identity proof, such as PAN card, Aadhaar card, and more

  • Previous 3 months’ salary slips

  • Previous 3 months’ bank account statements

2. Self-employed applicants 

  • Passport-size photos

  • Address proof, such as utility bills, rent agreements, and more

  • Identity proof, such as PAN card, Aadhaar card, and more

  • Last 2 years’ ITR

  • Commercial address proof

  • Previous 6 months’ bank account statements 

How to Apply for an ICICI Bank Personal Loan?

In order to apply for ICICI Bank Instant Personal Loan, you need to follow these simple steps: 

  • Visit the official portal of ICICI Bank

  • Navigate to ‘Loans’, then click on ‘Personal Loan’

  • Click on the 'APPLY FOR PERSONAL LOAN' option on the screen

  • Enter the required loan amount and tenure, then click on ‘LET’S GET STARTED’

  • Following this, provide your mobile number, PAN details, and date of birth

  • Provide any additional details as requested

  • Verify the details entered and submit the application form

A representative from the bank will get in touch with you to discuss the following proceedings.

How Can I Get in Touch with ICICI Bank Customer Care?

In order to connect with ICICI Bank Personal Loan customer care, use the following details:

  • Toll-free number: 1800-1080

  • Address: ICICI Bank Tower. 7th floor. Survey no: 115/27. Plot no. 12. Nanakramguda, Serilingampally, Hyderabad - 500032

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. 

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

What is the maximum personal loan amount that can be sanctioned by ICICI Bank?

With ICICI Bank Personal Loan, one can get a loan amount of up to ₹50 Lakhs.

To qualify for a personal loan from ICICI Bank your age must fall under the bracket of:

  • 20 to 58 years for salaried applicants

  • 23 to 65 years for self-employed applicants

You can check the status of your ICICI Bank Personal Loan by using the ICICI Bank mobile app or through the official website. Further, you can also check the status of the loan application by contacting the customer care team.

Usually, it takes around fifteen working days for an ICICI personal loan approval. Additionally, the financial institution also offers instant personal loans for emergency funding needs that get approved within two to three hours.

Yes, you can close your personal loan from ICICI Bank before the end of the set tenure. However, this is possible only after you have paid the loan’s first EMI.

Yes, you can make part prepayments on your personal loan from ICICI Bank by paying a nominal charge.

Yes, you can get a top-up loan on your existing personal loan from ICICI Bank. You can opt for this facility only if you have paid at least 6 EMIs of your current personal loan.

You can apply for an ICICI Bank Personal Loan with a co-applicant to enhance your eligibility for the loan.

View More
Home
Home
ONDC_BD_StealDeals
Steal Deals
Credit Score
Credit Score
Accounts
Accounts
Explore
Explore

Our Products