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ICICI Bank Personal Loan: Application, Benefits, Customer Care Services

ICICI Bank offers a personal loan to cater to your various financial needs. You can apply for a personal loan from ICICI bank through several channels – online or by visiting the nearest branch. You can avail a personal loan up to Rs. 20 lakhs for up to 60 months from ICICI Bank.

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ICICI Bank Personal Loan_ Application, Benefits, Customer Care Services

ICICI Bank offers a personal loan to cater to your various financial needs. You can apply for a personal loan from ICICI bank through several channels – online or by visiting the nearest branch. You can avail a personal loan up to Rs. 20 lakhs for up to 60 months from ICICI Bank. 

Features and benefits

ICICI Bank personal loan comes with a wide range of benefits:

Attractive interest rates: ICICI Bank personal loan Interest rate applicable on a personal loan from ICICI Bank is one of the lowest rates in the market, starting from as low as 11.25% per annum. Moreover, the interest is charged on a reducing balance i.e. interest will be calculated on the outstanding balance every month.

Online application: Getting a personal loan from ICICI Bank is quite simple and hassle-free process. All you need to do is apply online for a personal loan. You can fill the ICICI Bank personal loan application form online and submit the required documents to get your loan approved. 

Minimal documentation: To get a personal loan from ICICI Bank, you don’t need to complete a mountain of paperwork. Provide a few details about you and your profession and get an instant eligibility assessment done. 

Maximum loan amount: The bank offers a personal loan up to Rs. 20 lakhs for any requirements. 

Flexible loan tenure: A personal loan from ICICI Bank can be availed for a flexible tenure ranging from 12 months to 60 months; customers can choose the tenure as per their convenience. 

Quick disbursal: A pre-approved customer can get a personal loan in his account in just 3 seconds after completion of online verification and acceptance of a final offer. 

Personal loan balance transfer facility: Personal loan customers can transfer their personal loan from other banks to ICICI Bank to get attractive interest rates, reduced EMI, and extra loan amount.

Types of personal loan

ICICI Bank personal loan comes in different types:

  • Wedding loan: ICICI Bank offers financial assistance to help you fulfil your wedding related expenses. A wedding loan from ICICI Bank can be used to cover a number of expenses such as precious jewellery, top catering, elegant wedding venue, etc. 
  • Home renovation loan: With ICICI Bank personal loan, you can renovate and modernize your home. You can use the personal loan to pay for interior designers, contractor and workers; and buy materials. 
  • Travel loan: Sometimes, for some reason, your monthly income may not be sufficient to fund your exotic vacation with your friends. You can get a personal loan from ICICI Bank for a dream vacation.
  • Top-up personal loan: ICICI Bank offers a top-up personal loan to help you meet your extra financial requirements. You can get the extra amount on your existing personal loan from the bank. 

ICICI Bank personal loan rates and other charges

Rate of interest11.25% per annum to 17.99% per annum
Prepayment charges5% of principal outstanding + GST
Processing chargesUp to 2.25% of loan amount + GST
Loan amountFrom Rs. 50,000 to Rs. 20,00,000 

 

Eligibility for ICICI Bank personal loan

Salaried

  • Any salaried person aged between 23 years and 58 years can apply for ICICI bank personal loans.
  • Minimum monthly income should be Rs. 17,500. For applicants residing in Mumbai & Delhi Rs. 25,000; and for applicants residing in Chennai, Hyderabad, Bangalore, Pune and Kolkata Rs. 20,000. 
  • Applicant should be employed for a minimum of 2 years. 

Self-employed

  • Any self-employed individual aged between 25 years and 65 years can apply for ICICI bank personal loans.
  • Minimum turnover of Rs. 40 lakh for self-employed non-professionals and Rs. 15 lakh for professionals. 
  • Should be in current business for at least 5 years, if doctor minimum 3 years. 

Documents required to apply for a personal loan

For salaried person

  • Identity proof: Aadhaar Card/ Passport / Driving License / PAN Card
  • Residential proof: Utility Bills (not more than 3 months old)/ Leave and License Agreement
  • Salary slips for last 3 months
  • Bank statement showing salary being credited for at least last 3 month
  • Passport size photographs

For self-employed individuals

  • Identity proof: Aadhaar Card/ Passport / Driving License / PAN Card
  • Residential proof: Utility Bills (not more than 3 months old)/ Leave and License Agreement
  • Date of birth proof
  • Office address proof
  • Income proof: Audited financials for the last 2 years
  • Bank statement for the last 6 months
  • Proof of office ownership
  • Proof of continuity of business

ICICI Bank customer care number

You can contact the bank by dialling the following numbers for a query that you may have regarding products and services offered by ICICI Bank. 

Personal banking1860 120 7777
Wealth / private banking1800 103 8181
Corporate / Retail Institutional Banking1860 120 6699
Other alternate bankingDelhi: 011 33667777

Mumbai: 022 33667777

Kolkata: 033 33667777

Chennai: 044 33667777

Afinoz.com is one of the leading online financial marketplace in India. We strive to provide authenticated, accurate, and updated information about banking and investment products and services. Afinoz leverages modernistic technology to deliver smooth and hassle free performance.

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