ICICI Bank Personal Loans are considered as the best in the segment due to their affordable interest rates & convenient application process. You can avail one of these loans to cover marriage expenses, Holidays, Home Renovation Costs, Medical Expenses, etc. With an ICICI Bank Personal Loan, you can get up to Rs. 20 lakhs transferred to your account within 3 seconds! You’ll also be provided with 12 to 60 months to repay the loan.
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ICICI Bank Personal Loan Eligibility:
There are different eligibility criteria for salaried & self-employed. As a salaried individual, you need to be no less than 23 years and no more than 58 years to apply. You will need to have a minimum monthly income of Rs. 17,000. If you live in Mumbai or Delhi, it is Rs. 25,000 and Rs. 20,000 if you live in Chennai, Hyderabad, Bengaluru, Pune or Kolkata. Further, you will have to have at least 2 years of work experience & should be living in your current residence for more than a year.
As far as self-employed ICICI Bank Personal Loan Eligibility is concerned, you will need to above the age of 28, or 25 in case you’re a doctor. The maximum age of applicants is 65. If you are a non-professional, you will need to have a minimum annual turnover of Rs. 40 lakh or Rs. 15 lakh is you are a self-employed professional. You will also need to have minimum turnover of Rs. 2 lakh if you are the proprietor of a firm or if you are a self-employed professional. For a non-professional self-employed, a minimum turnover of Rs. 1 lakh is enough. Also, you will need to be in business for at least 5 years or 3 years if you are a doctor.
If you want to know more about ICICI Bank Personal Eligibility, feel free to get in touch with us.
ICICI Bank Personal Loan Rates & Charges:
ICICI Bank Personal Loan Rates are quite low, you can avail financing at rates as low as 11.25%. The upper limit on interest rates for an ICICI Bank Personal Loan is 17.99%. The processing fees are also quite low – up to 2.25% to be precise. Some lenders are known to levy processing fees of up to 5% so this is comparative very affordable. Prepayment charges are fixed at 5% of the outstanding principal amount. EMI cheque bounce charges are also quite low and are capped at Rs. 400/- per bounce.
ICICI Bank Personal Loan Documents:
For salaried applicants:
Any one of PAN card, driving license, passport, or voters ID
Any one of passport, recent utility bills, or lease or rent agreement
Salary slips for the last 3 months & Bank statement for the last 3 months
2 passport size photographs
For self-employed applicants:
ID proof, residence proof, proof of date of birth
Audited financial statements for the last 2 years
Proof of office address & ownership
Last 6 months bank statements for the
Documents that show continuity of business
ICICI Bank Personal Loans on ApnaLoan.
We make it easier for you to get an ICICI Bank Personal Loan. Quickly fill out our simple application form and we’ll put you in touch with the bank’s representatives. They will have an instant quote ready for you based on the details shared in the application form.