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ICICI Bank offers pre-approved personal loans to provide quick and easy access to funds without lengthy paperwork. Designed for existing customers with a good credit profile, these loans come with attractive interest rates and flexible repayment options.
ICICI Bank offers pre-approved personal loans to select existing customers based on their credit history and banking relationship. These loans are ideal for urgent financial needs such as medical expenses, home renovation, weddings, or travel.
Apply with minimal documentation and receive instant approval along with quick disbursal. You do not need to provide any collateral, which makes the process fast and hassle-free.
Here is what you can expect with an ICICI Bank Pre-approved Personal Loan:
Enjoy a 100% digital process for seamless application and disbursal
Access funds through a simple, quick, pre-approved process
Get instant loan approval and fast disbursement
Pay no foreclosure charges after completing 12 EMIs
Here are some of the benefits that you can enjoy with an ICICI Bank Pre-approved Personal Loans:
Applying for an ICICI Bank Pre-approved Personal Loan is simple and hassle-free. You can apply anytime, anywhere using your smartphone, laptop, or tablet. There is no need to visit a branch or stand in queues.
ICICI Bank offers quick processing of personal loan applications. Once approved, the loan amount is disbursed instantly to your bank account.
ICICI Bank has straightforward eligibility criteria. Salaried individuals earning ₹30,000 or more per month may qualify, subject to additional checks.
These are unsecured loans that do not require any security or collateral. You can access funds without putting any assets at risk.
ICICI Bank offers repayment terms of up to 72 months. You can choose a tenure that matches your financial comfort and repayment ability.
ICICI Bank Pre-approved Personal Loans come with certain fees and charges. Here are some costs you may incur when applying for the loan:
Fee and Charges |
Details |
|---|---|
Processing charges |
Up to 2% of the loan amount |
Repayment mode swap charges |
₹500 |
Prepayment charges/Foreclosure charges |
3% of the outstanding principal amount (Nil after 12 EMIs) |
Part-payment charges |
3% + GST on the part payment amount |
Late payment charges |
5% per annum |
Disclaimer: The above-mentioned rates and charges are subject to change as per the lender’s policies.
Here is the applicable interest rate oN ICICI pre-approved personal loan:
Particular |
Details |
|---|---|
Interest rates |
Starting from 10.80% per annum |
Disclaimer: The above-mentioned rates and charges are subject to change as per the lender’s policies.
You need to meet the following criteria to apply for the loan:
Your age should be between 20-58 years
You should have a work experience of at least 2 years
Your minimum monthly income should be ₹30,000
Your age should be between 23-65 years
You should have a total work experience of at least 3 years, and 2 years in the current business
Note: As this is a pre-approved offer, eligibility is subject to the lender’s internal criteria and policies.
For a pre-approved ICICI personal loan, you need to submit the following documents:
Documents |
Salaried Applicants |
Self-employed Applicants |
|---|---|---|
Identity and address proof |
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- |
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Income proof |
|
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Business proof |
- |
|
Photo |
Passport-size photographs |
Passport-size photographs |
Note: As this is a pre-approved offer, the documentation requirement is subject to the lender’s internal criteria and policies.
As a new customer, you can easily apply for an ICICI Bank pre-approved loan. Here are some simple steps you can follow:
Visit the official ICICI Bank website
Click on Loans, browse to Personal Loan and click on ‘APPLY’
Enter your loan amount and desired tenure
Fill in the form with your details
Confirm the loan application
Your eligibility for pre-approved loans relies on your credit profile and financial consistency. Follow these tips to enhance your chances:
A good credit score is essential. Pay your EMIs and credit card dues on time to maintain a positive credit record.
Using too much of your credit limit can signal risk. Keep utilisation low to present a stronger credit profile to lenders.
Multiple loan applications in a short time can lower your chances. Apply selectively to keep your credit score stable.
Regular and reliable income from a job or business boosts your eligibility. It shows lenders you can manage repayments comfortably.
Financial institutions update offers based on your behaviour. Regularly check for available pre-approved personal loans so you can act when needed.
ICICI Bank offers pre-approved personal loans with loan amounts of up to ₹50 Lakhs. These offers are typically available to existing ICICI Bank customers based on their credit profile.
The interest rate on ICICI Bank Pre-approved Personal Loans starts from 10.80% per annum.
Yes, you can prepay or foreclose your ICICI Bank personal loan before the end of the tenure. A foreclosure charge of 3% on the outstanding principal amount applies.
No, ICICI Bank’s pre-approved personal loans are offered only to select existing customers with an active banking relationship and a good credit profile. New customers are not eligible for pre-approved offers but can apply for regular personal loans.
The processing fee for an ICICI pre-approval personal loan is up to 2% of the loan amount.
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