ICICI Bank Personal Loan

ICICI Bank personal loan can be used for any legitimate purpose. The extent of personal loan that one can get depends on one's income and repayment capacity. Repayment track record on existing home loan or car loan or personal loan or credit card helps a borrower to get better rates and higher amount.

Highlights of ICICI Bank personal loan

  • Loan up to 15 lacs
  • No security/guarantor required
  • 12-60 Months repayment options
  • Prepayment of the loan is possible after 180 days of availing the loan
  • Part pre-payment is not allowed

Eligibility

Eligibility

Following table shows the minimum eligibility criteria for ICICI Bank personal loan if you meet the following criteria:

Criteria

Salaried

Self - Employed

Age

25 yrs. - 58 yrs.

25 yrs. - 65 yrs.

Net Salary

Net annual income - Rs. 96,000 p.a

Net Profit after tax - Rs. 60,000 p.a

Eligibilty

Employees of Public Ltd. cos. , Private Ltd. cos. MNCs Or Government.

Doctors, MBA's, Architects, CA's, Engineers, Traders & Manufacturers

Years in current job / profession

1 Year

3 Years

Years in current residence

1 Year

1 Year

Loan Amount

Loan Amount

Loan up to 15 lakh and repayment period 12-60 Months

Documents Required

Documents Required

Different sets of documents required for salaried and self-employed employees are given below:

Documents ( Pre Sanction)

Salaried

Self Employed

Latest 3 months Bank Statement (where salary/income is credited)

Yes

Yes

3 Latest salary slips

Yes


Last 2 years ITR with computation of income / Certified Financials

NA

Yes

Proof of Turnover (Latest Sales / Service tax returns)

NA

Yes

Proof of Continuity current job (Form 16 / Company appointment letter )

Yes

NA

Proof of Continuity current profession (IT Returns / Certificate of business continuity issued by the bank)

NA

Yes

Proof of Identity (any one)Passport / Driving Licence / Voters ID / PAN card / Photo Credit Card / Employee ID card

Yes

Yes

Proof of Residence (any one) Ration Card / Utility bill / LIC Policy Receipt

Yes

Yes

Proof of Office (any one) Lease deed / Utility bill / Municipal Tax receipt / title deed

NA

Yes

Proof of Qualification Highest Degree (for Professionals / Govt employees

Yes

Yes

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