ICICI Bank Personal Loan

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Highlights: 
  • Multi-purpose loan
  • Fixed rate of Interest, Interest charged on monthly reducing basis
  • Flexible tenures up to 60 months
  • No security, no collateral
  • Loan payable in easy installments
  • Repayment through Auto-debit / ECS / PDC

End use of the ICICI Bank Personal Loan can be House renovation, Holidays, Purchase of consumer durables, Education, Marriage, Short Term loan for equipment purchase, Short Term Working Capital, Any other personal emergency.

 

Get a loan without any security or guarantor with minimum documentation. Loan Disbursement within 72 hours* of document submission.

  • Interest rate remains unchanged throughout the loan tenure
  • Simple documentation - It can be accessed with minimal paperwork and documentation and doesn’t take much time.
  • Quick processing
  • Direct credit of the loan amount through Fund Transfer (FT)
  • Simple repayment options of ECS, AD or PDC. You can also choose duration as per your choice and tenure starts from minimum 12 months to maximum 60 months
Eligibility: 

Criteria*

  Salaried
Age 23 years - 58 years.
Net Salary** Salaried individuals with minimum monthly income Rs.17,500 (Rs.25,000 for applicants residing in Mumbai & Delhi; Rs.20,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata)
Total years in job/profession 2 Years
Years in current residence 1 Year

 

**The minimum salary requirement will differ depending on the profile (Type of employer, having relationship with ICICI Bank etc.) of the customer.

 

Criteria* Self Employed
Age 28 years (self employed individuals) and 25 years (for doctors); Maximum age - 65 years
Minimum Turnover Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials
Minimum Profit After Tax Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials
Business Stability In current business for at least 5 years and minimum 3 years for doctors
Existing relationship with ICICI Bank Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required