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ICICI Bank Personal Loan

ICICI Bank provides a wide range of Personal Loans especially crafted for its customers. A Personal Loan from ICICI Bank can be utilised for various purposes such as a Children’s Education, Wedding Expense, Home Renovation, Medical Emergencies, to finance a dream vacation of one kind or Starting a Business or even for closing any other Financial Liabilities. Apply for ICICI Personal Loans are easy to get and absolutely hassle-free services. With simple documentation, you can now get a loan for an amount up to Rs. 20 lakh at Attractive Rate of Interest.

Instant Personal Loans are the best way to meet your expenses during an emergency situation in life. Whether you are planning your next dream vacation with your loved ones or want to get funds for our child’s marriage, an ICICI Bank Personal Loan offers dual benefits of immediate access to funds and collateral-free loan. Personal Loans have emerged as an excellent way to finance purchases that otherwise would have been challenging with a regular paycheck. For those who are looking for an instant Personal Loan, we have great offers for Personal Loans. Calculate your Monthly personal loan EMI Online through LoanMoney EMI Calculator. Personal Loan EMI Calculator makes it easy for you to figure out the monthly instalments on your loan. Calculate your EMI for ICICI Bank Personal Loan in EASY Steps Just enter the loan amount, rate of interest and loan tenure, and your EMI is instantly displayed.

Loanmoney help you to embark on your dream at the right time with ICICI Bank Personal Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements. Apply for ICICI Bank Personal Loan in Delhi-NCR online with instant loan approval at lowest interest rates with simple documentation.

General Information

Loan Amount: Rs. 1 Lac to 40 Lacs
Rate of Interest (APR)*: 10.75% to 22.50%
Repayment Tenor: 12 Months to 60 Months
Processing Fees: 0.75% to 2.50% + GST as applicable
Prepayment/ Foreclosure: Nil (After 12 months) or 1% - 4% (Before 12 months)

Illustration: Rs. 1 Lac loan on @10.75% with processing Fees for 60 Months comes to Rs. 1,29,708/- Equated Monthly Instalment shall be: Rs. 2,162/- only.

APR* - Annual Percentage Rate

  Salaried Self Employed Professional
Age 23 To 58 Years 25 To 60 Years 25 To 65 Years
Loan Amount 1 To 40 Lacs 5 To 25 Lacs 1 To 25 Lacs
Tenure  12 To 60 Months 12 To 36 Months 12 To 60 Months
Rate of Interest / APR [Annual Percentage Rate] 10.75% To 16.75% 16% To 19% NA
Features Prepayment of the loan is possible after 12 EMI Prepayment of the loan is possible after 12 EMI Prepayment of the loan is possible after 12 EMI
Processing Fees Rs. 1999/- to 2.50% of the Loan amount + GST 2% 2%
Special Privileged Rates to ICICI relationship; Loans to non listed companies/ No CIBIL Existing Loan Track must Max Loan Amount
Documentation KYC'S & Financial Audited Balance Sheet 3 Years. ITR Plus Professional Degree.

ICICI Bank Personal Loan Eligibility Criteria for Salaried Individual

  • 50% of Net Take home salary as Maximum Loan EMI Per Month [Approx Rs. 2500/- Per Lac is per month EMI]
  • Net Profit Per Months 60% Maximum Loan EMI P.M.
  • Up to Professional Fees receipt or 25 Lacs whichever is lower.

The following people are eligible to Apply for ICICI Bank Personal Loan:

  • Salaried Doctors, CAs, salaried employees of MNC, Private Ltd., Public sector undertakings, including central, state and local bodies
  • Salaried Individuals between 23 and 58 years of age
  • Salaried Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer.
  • Those who earn a minimum of Rs. 25,000 net income per month.
Particulars Salaried Self Employed Professional
Age(Min-Max) 23 To 58 Years 25 To 60 Years 25 To 65 Years
Minimum Income For ICICI A/C Holder >25000/- Monthly NTH , For Non ICICI A/C Holder 30000/- Monthly NTH NA NA
Co-applicant Not Require NA NA
Loan Tenure 12 To 60 Months 12 To 36 Months 12 To 60 Months
Maximum Loan Amount 1 To 40 Lacs 5 To 25 Lacs 1 To 25 Lacs
Employment/Business Continuity 1 Year Total Job Continuity Require NA NA

Document Required for Salaried Individuals

  • Application Form with 2 Passport size Photo
  • Proof of Identity: PAN Card / Aadhaar Card, Valid Passport, Ration Card
  • Proof of Address: Valid Passport, Voter ID Card, Driving License, Latest Utility Bill.
  • 3 Months Bank Statement of Salary Account
  • Latest 3 Month Salary Slips
  • Form 16 / Office I-Card
  • 1 Year Job Continuity Proof
Fee Amount to be Paid
Rate of Interest 10.75% To 16.75% floating
Loan Processing Charges Rs. 1999/- To 2.50% + GST
Cheque Bounce Charges Rs. 200 + applicable GST
Cheque/ Instrument Swap charges Rs. 500/-
Prepayment/ Foreclosure Charges Nil Forclosure charges applicable if loan amount >10 lacs & <10 lacs - 13 - 24 Months - 4% of Principal Outstanding, 25 - 36 Months - 3% of Principal Outstanding >36 Months - 2% of Principal Outstanding
Default Interest Rate 24% per annum
Duplicate Statement Issuance Charges Rs. 250/-
Duplicate Amortization Schedule Charges Rs. 250/-
Duplicate Interest Certificate NA
S(Provisional/ Actual) issuance Charges NA

Features of ICICI Bank Personal Loan

  • Instant Personal Loan Approval up to Rs. 40 Lacs.
  • Attractive Rate of Interest starts from 10.75% to 22%
  • Minimum Document required
  • Flexible Repayment Tenure from 12 to 60 months.
  • Hassle-free Application process
  • Unsecured Personal Loan
  • Quick Disbursal

Special Features & Benefits of Personal Loan from ICICI Bank

  • Maximum Loan Amount: Get the maximum loan amount up to 40 Lakhs. 
  • Attractive Interest Rate: The interest rate is the amount that charged on the principal amount by the bank to a borrower for the use.
  • Processing Fees: 2% of the loan amount or Rs. 1999/- whichever is higher.
  • Flexible Repayment: At ICICI Bank, Personal Loan borrower enjoy flexible repayment to choose tenure and amount of their choice. Loan tenure starting from 1 year to 5 years.
  • Minimum Documentation: Apply for ICICI Bank Personal Loan is a hassle-free process which requires minimum documentation for loan approval.
  • No Security/ Collateral required: ICICI Bank provides Personal Loan to the borrower without any security (residential/commercial property as collateral) or collateral.
  • Quick Processing Time: After the document submitted then the loan approval process starts by the bank and verify the document and also consider borrower financial situation before the loan approval. It takes generally 3 to 5 working days.
  • Credit Shield which is the Loan Protection Program.
  • Opt for top-up loans at attractive interest rates and achieve the increased requirement for money easily. You can either consolidate it with an existing personal loan or treat it as a separate loan.
  • Prepayment of the loan is possible any time during loan tenure but it charges of 5% + GST

ICICI Personal Loan Eligibility Criteria

ICICI Bank Personal Loan Eligibility Criteria - for Salaried Professional

  • Applicant should be at least 23 years old
  • Applicant maximum age should be 58 years
  • Applicant Net Monthly salary should be Rs. 25,000
  • Total work Experience minimum of 2 years
  • Minimum 1 Year with current Company

Documents Required for ICICI Bank Personal Loan for Salaried 

Here are the documents you need to submit for an ICICI Bank personal loan through LoanMoney:

  • Filled application form with 2 passport size photographs
  • ID Proof: Adhar Card, PAN card, Voter Card, Driving License, Valid Passport.
  • Address Proof: Adhar Card, Voter Card, Valid Passport, Latest utility bills, or lease agreement
  • Last 3 months salary slips
  • Last 6 months Bank statement
  • ITR

Advantages for Customer

  • Quick Loan Approval up to Rs. 40 Lacs
  • Apply for ICICI Bank Personal Loan Rates starts from 10.75%
  • Maximum Loan Tenure up to 5 Years.
  • Low Processing Fees
  • Collateral free & No Hidden Charges
  • Simple Documentation
  • Door-step Services
  • Top-up Facility

Advantage with Loanmoney

Loanmoney is one of the leading Loan Agency inDelhi/NCR. We offers all types of Loans & Credit Cards like
Personal Loan,Credit cards, Home Loan, Business Loan and Loan Against Property .

Loan Money's main objective is to provide Best deal with Multiple option with Transparency & safety. We deal with over 35 Banks & NBFC`S. ,Our main focus is customer satisfaction that's why our customer rate us over 4.8 out of 5 on Google review rating, Its shows our level of commitment & services towards our customers.

  • Expert & Experience Loan Advisor
    We are a team of young and energetic professionals from diverse backgrounds like Ex Bankers, CAs to guide hassle free Loan process and to deliver on commitment.

  • Multi Bank Option
    Loanmoney deals with Over 35 Banks & NBFCs,As per customer profile & financial we will give you minimum 3 best deal for your Personal Loan which is available in the market.

  • Free Door step Service
    Loanmoney doesn't charge anything against the customer for the Service of your Loan and help you to get desire Loan amount with lowest Rate.

  • End to End services
    We are very vibrant and dynamic Loan agency who manage all the processes ourselves from lead sourcing to Loan Disbursal. We work for customer utmost satisfaction.

  • Transparency & Safety
    We will share every terms and conditions related with your Loan process like interest rates, payment tenure, EMI and any other charge applied during Loan process & at before loan disbursement on recorded lines.

  • Referral Program
    Loanmoney offer an attractive scheme for earn extra bucks after getting loan. Any Disburse customer can become our associates &can start earning on referring New customers to Loan Money.

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