Furthermore, whenever it’s an emergency it’s hard to wait around 3 days, therefore ICICI bank caterers loan within a few hours or days. Owing to advanced technology loan process is easy for a person in ICICI Bank. For its customers loans can be approved in 2 or 3 days, one needs to just apply online or send an SMS to get a callback.
Here are the criteria to receive a loan from ICICI bank
- Age must be between 23 to 58 years.
- The loan amount is also between 25,000 to 50,000,000 for the loan duration of a minimum of 1 year to a maximum of 5 years.
- Its interest rate starts from 10.99% per annum (minimum) to 19.5% per annum (maximum).
ICICI Bank Personal Loan Information
| ICICI Bank Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Tagline: | Live your Dreams |
| Loans Offering: | Wedding loan, home renovation loan, holiday loan, fresher funding, NRI personal loan, top up loan |
| Loan Type: | Unsecured personal loan |
| Interest Rate: | 10.99% p.a. onwards |
| Processing Fee: | Up to 2.25% of the loan amount plus GST |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹17,500 (₹25,000 for applicants residing in Mumbai & Delhi; ₹20,000 for |
| Loan Approval Timing: | 3 days (72 hours) |
| Minimum Loan Amount: | ₹25,000 |
| Maximum Loan Amount: | ₹50 Lakh |
| Minimum Loan Period: | 12 months/1year |
| Maximum Loan Period: | 84 months/7 years |
| Type of Interest Rate: | Fixed interest |
| Interest Charging Method: | Reducing balance method |
ICICI Bank Personal Loan Eligibility Criteria
| ICICI Bank Personal Loan | Details |
|---|---|
| Salaried Employees | Yes |
| Salaried Doctors | Yes |
| Employees of public and private limited companies | Yes |
| Government sector employees including Public Sector Undertakings, Central and Local bodies | Yes |
| Loan for Pensioners | Yes |
| Loan for Existing Customers | Yes |
| Self-Employed | Yes |
| Selected Corporate | Yes |
| Other Criteria | Self-employed individuals should be in current business for at least 5 years, 3 years for doctors. Total 2 years of job or profession with 1 year in the current residence. |
| Minimum Age | 21 years |
| Maximum Age | 60 years at the time of maturity of the Personal Loan |
| Minimum Income Requirement | ₹17,500 (₹25,000 for applicants residing in Mumbai & Delhi; ₹20,000 for |
ICICI Bank Personal Loan Charges
| ICICI Bank Personal Loan | Details |
|---|---|
| Co-Applicant Allow | No |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | NA |
| Foreclouser Charges | Nil |
| Loan Foreclouser Conditions | Nil |
| Bounce Charges | Rs. 400 plus GST |
| Bounce Charges Self Employed | NA |
| Late Payment Penalty | 24% per annum |
| Duplicate NOC Charges | At actual |
| Stamp Duty Charges | As per laws |
| Instrument Swapping Charges | Rs. 500 plus GST |
| Loan Cancellation Charges | Rs 3000 plus GST |
| Stamp Duty Charges | As per laws |
| Loan Rebooking Charges | NA |
| Statement Of Account Charges | NA |
| Duplicate Repayment Schedule | NA |
| EMI Payment Mode | Standing Instruction (SI) Electronic Clearing Service Post-dated cheque |
| Overdue Payment Mode | NA |
| Hidden Charges | NA |
