BAJAJ FINSERV DIRECT LIMITED
Avail Instant Personal Loans ✓ Loan up to 55 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

ICICI Bank Pre-approved Personal Loan

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.

Overview

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.

What Does a Pre-approved Loan from ICICI Bank Offer

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

Key Features and Benefits of a Pre-approved Personal Loan from ICICI Bank

Here are some of the benefits that you can enjoy with an ICICI Bank Pre-approved Personal Loans:

  • Easy and Convenient Process

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.

  • Fast Processing

ICICI Bank offers quick processing of personal loan applications. Once approved, the loan amount is disbursed instantly to your bank account.

  • Simple Eligibility Requirements

ICICI Bank has straightforward eligibility criteria. Salaried individuals earning ₹30,000 or more per month may qualify, subject to additional checks.

  • No Collateral Required

These are unsecured loans that do not require any security or collateral. You can access funds without putting any assets at risk.

  • Flexible Repayment Options

ICICI Bank offers repayment terms of up to 72 months. You can choose a tenure that matches your financial comfort and repayment ability. 

Pre-approved Personal Loans Fees and Charges

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.

Interest Rates on ICICI Bank Pre-approved Personal Loan

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.

Eligibility Criteria for ICICI Bank Pre-approved Loan

You need to meet the following criteria to apply for the loan:

Salaried Individuals

  • 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

Self-employed Individuals

  • 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.

Documents Required for ICICI Bank Pre-approved Loan

For a pre-approved ICICI personal loan, you need to submit the following documents:

Documents

Salaried Applicants

Self-employed Applicants

Identity and address proof

  • Passport

  • Driving Licence

  • Voter ID

  • Passport

  • Driving Licence

  • Voter ID

-

  • Job card issued by NREGA

  • Letter from National Population Register

  •  Proof of possession of complete 

  • Aadhaar Card

  • Job card issued by NREGA

  • Letter from National Population Register

  •  Proof of possession of complete 

  • Aadhaar Card

Income proof

  • Last 3 months Bank Statement

  • Salary slips for last 1 month

  • Audited financials for the last two years

  • Last 6 months Bank Statement

Business proof

-

  • Office address proof

  • Proof of residence or office ownership

  • Proof of continuity of business

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.

How to Check and Apply for ICICI Bank Pre-approved Loan

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

Tips to Increase Chances of Getting Pre-approved Offers

Your eligibility for pre-approved loans relies on your credit profile and financial consistency. Follow these tips to enhance your chances:

  • Keep Your Credit Score Healthy

A good credit score is essential. Pay your EMIs and credit card dues on time to maintain a positive credit record.

  • Control Credit Utilisation

Using too much of your credit limit can signal risk. Keep utilisation low to present a stronger credit profile to lenders.

  • Avoid Frequent Loan Applications

Multiple loan applications in a short time can lower your chances. Apply selectively to keep your credit score stable.

  • Ensure a Stable Source of Income

Regular and reliable income from a job or business boosts your eligibility. It shows lenders you can manage repayments comfortably.

  • Review Loan Offers Often

Financial institutions update offers based on your behaviour. Regularly check for available pre-approved personal loans so you can act when needed.

Frequently Asked Questions

What is the maximum loan amount I can get under the pre-approved offer?

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.

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

Our Products