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ICICI Personal Loan

Personal loans are provided for the wedding, medical care, education, renovation of the existing house, foreign travel or any other general purposes. ICICI Personal loans provides a quick and easy solution to meet all financial needs. No matter what are your requirements ICICI personal loan can customize loan as your needs with special offers, interest rates and charges.

Loan Name Interest Rate Processing Fee Loan Amount Tenure
ICICI Bank Personal loan 10.99% - 19.00%, Fixed 2.5% of loan amount + GST 20,00,000 1-5 Years
Details
Documents Required

For Salaried Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months
  • Employment Contract / Appointment Letter in case if the individual is employed for less than a year in the current organization.

For Self – Employed Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax Returns along with computation of income for the last 3 Assessment Years, Last 3 years Profit and Loss A/C, Balance Sheet with Annexures/Schedules, Last 6 months Current A/C statements of the business and Savings account statement of the individual
  • Bank statements for the last 6 months
  • Education qualification certificate and Proof of Business existence
Benefits

  • Get a personal loan in your account shortly.
  • Fixed interest rates throughout the tenure of the loan
  • Minimum documentation
  • Applicants can choose the tenure to repay the loan and it ranges between 12 – 60 months
  • No collateral required against the loan
Eligibility

  • Minimum age of the applicant should be 21 years
  • The entire loan amount has to be repaid at or before the applicant attains 65 years
  • The applicant can either be a salaried employee of self-employed with a regular source of income
  • The co-applicants age should be a minimum of 18 years at the time of submitting the application
Other Details

  • Get Personal Loan from ICICI Bank up to Rs 20 lakhs
  • The applicant can use the loan amount for any of the following purposes – Holidaying, home renovation, wedding, fresher funding, top-up loan, purchase of expensive electronic items and so on.
  • Loan processing charges are up to 2.5% of loan amount + GST
  • Prepayment Charges is 5% per annum of the outstanding principal + GST
  • Loan cancellation charges are Rs 3000 + GST
ICICI Bank Marriage Loan 11.25% 0 maximum of up to Rs 20,00,000 1 - 5 years
Details
Documents Required

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months
Benefits

  • Minimal documentation
  • No security or collateral required
  • Avail attractive interest rates starting from 11.25% per annum
  • Get a maximum loan of up to Rs 20,00,000
  • Quick disbursal of the loan amount
  • Flexible EMI repayment options
  • Long tenure to repay the loan
Eligibility

  • The applicant should be an Indian citizen.
  • Should have attained a minimum age of 23 years
  • The applicant should have a regular source of income.
  • The applicant should be employed for at least two years in his/her current job.
Other Details

  • There are no restrictions on the applicant on the usage of funds.
  • The tenure of the loan ranges between one – five years
  • The applicant can even apply for marriage loan either by visiting the nearest branch or via iMobile App or through internet banking.
ICICI Bank Holiday Loan 11.25% - 17.99% 2.25% per annum on loan amount + GST up to Rs 20,00,000 12 - 60 months
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with two recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self – Employed Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax Returns along with computation of income for the last 3 Assessment Years, Last 3 years Profit and Loss A/C,
  • Balance Sheet with Annexures/Schedules, Last 6 months Current A/C statements of the business and Savings account statement of the individual
  • Bank statements for the last 6 months
  • Processing Fee Cheque
  • Education qualification certificate and Proof of Business existence
Benefits

  • Minimal documentation
  • No security or collateral required
  • Avail attractive interest rates starting from 11.25% per annum
  • Get maximum loan of up to Rs 20,00,000
  • Quick disbursal of loan amount
  • Flexible EMI repayment options
  • Long tenure to repay loan
Eligibility

  • The applicant should be an Indian citizen.
  • The applicant should have a regular source of income.
  • The applicant should be employed for atleast two years in his/her current job.
Other Details

  • Prepayment of loan is possible any time during the tenure of the loan.
  • In case of pre-closure of loan, a charge of 5% per annum of principal outstanding + GST will have to be borne by the borrower.
  • Loan processing charges stands at 2.25% per annum of loan amount + GST charges
  • Loan cancellation charges is Rs 3000 + applicable GST
ICICI Home Renovation Loan 11.25% - 17.99% 2.25% per annum on loan amount + GST up to Rs 20,00,000 12 - 60 months
Details
Documents Required

For Salaried Individuals:

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with two recent passport size photographs
  • Proof of Income: Last 6 months Bank statement showing salary credits, latest Form 16 and Income Tax Returns, Recent 3 months Salary Slips
  • Bank statements for the last 6 months

For Self – Employed Individuals

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Duly filled in application form along with recent passport size photographs
  • Proof of Income: Income Tax Returns along with computation of income for the last 3 Assessment Years, Last 3 years Profit and Loss A/C, Balance Sheet with Annexures/Schedules, Last 6 months Current A/C statements of the business and Savings account statement of the individual
  • Bank statements for the last 6 months
  • Processing Fee Cheque
  • Education qualification certificate and Proof of Business existence
Benefits

  • Minimal documentation
  • No security or collateral required
  • Avail attractive interest rates starting from 11.25% per annum
  • Get a maximum loan of up to Rs 20,00,000
  • Quick disbursal of the loan amount
  • Flexible EMI repayment options
  • Long tenure to repay the loan
Eligibility

  • The applicant should be an Indian citizen.
  • The applicant should have a regular source of income.
  • The applicant should be employed for at least two years in his/her current job.
Other Details

  • Prepayment of loan is possible any time during the tenure of the loan.
  • The processing of loan application and the disbursal of the same is done quickly and money gets credited to account within a period of 72 hours.
Personal Loan for NRIs starting from 15.49% per annum 0 up to Rs 10,00,000 12 - 60 months
Details
Documents Required

Non Resident Indian

  • Passport Copy
  • Bank Statement
  • Salary slip or Salary Certificate from employer (should be in English or should be translated to English if it is any other language)
  • Visa Copy
  • Official e-mail ID or HR e-mail ID
  • NRO/NRE bank statement for the last 6 months

Resident Indian

  • Proof of Identity and Residence: Aadhaar Card, Passport, Driving License, Election ID Card
  • Proof of Residence in the name of both either applicant or co-applicant or parent
  • Bank statement for the last 3 months
Benefits

  • Get maximum loan amount of up to Rs 10,00,000
  • Simplified documentation procedure
  • No collateral or security is required
  • Quick processing and disbursal procedure
  • Maximum loan tenure for repayment is 36 months
Eligibility

  • Applicant should be a resident Indian and the co-applicant Non Resident Indian should be a close relative.
  • The applicant should have a regular source of income.
  • The NRI applicant who is applying for NRI personal loan should be present in India at the time of submitting the application.
Other Details

  • Interest rates on NRI personal loan starts from 15.49% per annum.
  • Tenure of the loan repayment ranges between 12 – 60 months.

Eligibility for ICICI Personal Loan

For salaried Applicants

  • Must have a minimum age of 23 to a maximum of 58
  • Must have a minimum monthly income of Rs 17500.
  • Applicants residing in Delhi and Mumbai must have a minimum income of Rs 25000 whereas applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata must have a minimum income of Rs 20000
  • Must have 2 years of job experience
  • Must residing for 1 year in the current residence.

For self-employed

  • Must have a minimum age limit of 28 to a maximum of 65 years.

    (For self-employed individuals)

  • Must have a minimum age limit of 25 to a maximum of 65 years. (For doctors and others)
  • Must have a minimum turnover of Rs 40 lac for non-professionals and Rs 15 lac for professionals. (as per audited financials)
  • Must have a minimum profit of Rs 2 lac for Proprietorship Firm/Self-employed Individuals and Rs. 1 lac for non-professionals as per audited financials
  • Must have 5 years of current business experience and minimum of 3 years for doctors.
  • Existing customer of ICICI must have a Minimum 1-year liability relationship.

Features of ICICI Personal Loan

  • Get your cash in your account just within 3 seconds
  • During the loan tenure, the interest rate will not be increased.
  • Get a flexible tenure of 12 to 60 months.
  • Get your loan instantly with minimal documentation and hassle-free application process.
  • Get loan amount upto Rs 20 lac.

Documents needed for ICICI Personal Loan

For salaried applicants

  • Aadhar Card
  • PAN Card
  • Driving License
  • Passport
  • Voter Id card
  • Utility Bills
  • Leave and License Agreement
  • Bank statement of last 3 months
  • Salary proof of last 3 months
  • 2 recent passport size colour photographs

For self-employed applicants

  • Proof of identity- Aadhar Card, PAN Card, Driving License, Voter id card, Passport
  • Address proof- Utility Bills of last 3 months, Leave and License Agreement
  • DOB proof
  • Income proof of the last 2 financial years
  • Bank statement of last 6 months.
  • Office address proof
  • Proof of continuity of business
  • Proof of office ownership.

ICICI Personal Loan Rate of Interest

Loan interest starts from 11.25% to maximum of 22.00% per annum

Types of ICICI Personal Loan

  • Wedding Loan
  • Home renovation
  • Holiday Loan
  • Fresher Funding
  • NRI Personal Loan
  • Top-up Loan

Service Charges and Fees

  • Loan processing charges- Upto 2.25% of the loan amount+GST
  • Prepayment charges- 5% on principal outstanding plus GST
  • Additional interest rate on late payment- 24% per annum
  • Repayment mode swap charges- Rs 500+GST per transaction
  • Loan cancellation charges- Rs 3000+GST
  • EMI Bonus charges- Rs 400+GST per bounce

ICICI Personal Loan EMI Calculator

Let us know what is Personal Loan EMI?

Equated Monthly Installments or the amount payable per month when an applicant take a certain amount for some period of time on a personal loan. EMI estimation relies on three main factors:

Personal Loan interest rate- The rate charged by the bank for personal loan.

Personal Loan amount- The rupee value of the loan.

Tenure of personal loan- The time period for which the loan is taken.

How to use Personal Loan EMI Calculator?

  • Go to the ICICI Personal Loan page and click on Personal Loan EMI Calculator.
  • For the loan amount that you want to take, use the slider and set your personal loan amount.
  • ICICI offers 11.25% interest rates on personal loans. The EMI calculator automatically display the EMI with interest rates, you don't have to change the value of interest rate to calculate the Personal Loan EMI.
  • For the tenure option use, the slider set the tenure period as per your needs and calculate your monthly EMI. If the tenure of the Personal Loan increases the EMI value decreases.

How to Apply for ICICI Personal Loan

  • Go to the official site of ICICI Personal Loan.
  • Now in the Personal Loan page click on Apply Now.
  • Now the new page will appear with Step 1 Check Eligibility
  • Enter all the mandated details, accept the declaration and click on Check Eligibility.
  • After the verification of your eligibility Step 2 will appear showing Offers for you.
  • Check your offer and select the offer as per your choice.
  • Now on Step 3 Complete the application, mention your all personals and mandated details, loan amount, tenure, address, mobile number etc.
  • Check your all provided details and click on next to continue.
  • Now Step 4 will appear of Upload documents, scan and upload the documents which are required and click on submit.
  • Now a successful message will be delivered to your registered mobile number and email.
  • And the loan amount will be sanctioned to your account within 3 seconds. 

ICICI Personal Loan Status

ICICI Personal Status is the most convenient feature for its applicants who are availed loan from ICICI Bank. This feature is available for the applicants who have taken Personal Loans. Car Loans, Home Loans, Car-n-Cash Loans, Business Loans, Two Wheeler Loans, Loan against Property.

ICICI Personal Loan Status can be track from below 4 procedures:-

  • Through ICICI official portal
  • Through ICICI Net Banking
  • Through ICICI Mobile App
  • Through Offline

Through ICICI official site

  • Go to the official site of ICICI Bank
  • Under the drop-down box of products click on Personal Loan
  • Now under the drop-down section of More click on Check Loan Application Status
  • Enter your valid mobile number
  • Enter your Application Number of Reference Number
  • Now enter your Date of Birth as per your documents.
  • Now click on Continue, to proceed further.
  • On the next page, you can see the status of your loan.

Through ICICI Net Banking

  • Go to the official site of ICICI Bank
  • Now click on Login which you will get below the top bar of the homepage.
  • Now click on Continue to Login, in order to proceed further.
  • Now enter your User Id and Password.
  • Now under the drop-down box of My Accounts, select Loan.
  • Now click on Loan Application Tracking which is provided in the left side of the page.
  • Enter your Application Number of Reference Number
  • Now enter your Date of Birth as per your documents.
  • Now click on continue, to proceed further
  • On the next page, you can see the status of your loan.

Through ICICI Mobile App

  • Go to Playstore or App Store(For Apple Users) and search for iMobile by ICICI Bank.
  • Install it which take a maximum of 30 seconds to download
  • Now click on activate now.
  • Now click on resume and create your 4-digit Login PIN.
  • Click on Cards, Loans and Forex.
  • Now under the drop-down box of Loan Account, click on Track New Loan
  • Enter your Application Number of Reference Number
  • Now enter your name as per your documents
  • Now enter your Date of Birth as per your documents.
  • Now click on Submit, to proceed further.
  • Now you can see the entire details and status of your loan such as APS ID, Current Status, Loan Amount Applied, Loan Amount Approved, Tenure, EMI, Relationship Manager and Contact Number.

Through Offline

Applicants can also check their loan status by visiting nearest ICICI Bank. Just you have to do is provide your Reference Number through which the bank representative will provide you the status of your loan.

Apart from this, you can also take help from 24x7 customer support. Just dial on the tollfree number 1860 120 7777 and provide your registered mobile number and reference number through which the customer care executive track your loan application and provide the status to you instantly.

ICICI Personal Loan customer care

SMS PL to 5676766 to get an instant call of customer care executive.

Call on below given number to get in touch with ICICI Customer Care executive

1860 120 7777, 1800 200 3344

Customer Care number for different cities

Delhi- 011 33667777

Kolkata- 033 33667777

Mumbai- 022 33667777

Chennai- 044 33667777

FAQs

Q: What are the features of ICICI Bank personal loan?

A: ICICI bank offers a personal loan with attractive features, they are listed below:

  • Quick disbursal: If your application is approved, then you will get the loan amount within a few seconds into your account.
  • Minimal documentation process.
  • Doorstep process is available.
  • The interest rate will remain fixed for the entire tenure of the loan.
  • No charges for the application process.
  • Repayment tenures will be flexible.

Q: What are the documents required to avail the personal loan from ICICI bank?

A: Here are the documents required to avail personal loan from ICICI Bank:

  • Identity proof and Address proof.
  • Bank statement for the last six months.
  • Salaried Applicants: Salary Payslips, Employee Identity Card or Form 16.
  • Self-employed individuals: Business proof and income proof.

Q: What are the penalty charges in ICICI bank personal loan?

A: The penalty interest for late payment is 24% per annum.

  • Loan cancellation charges: Rs.3000/-+GST.
  • Loan Repayment mode swap charges: Rs.500/- per transaction+GST.
  • EMI bounce Charges: Rs.400/- per bounce+GST.

Q: What are the interest rates of ICICI Bank Personal Loans?

A: ICICI bank offers the borrowers of personal loans with attractive interest rates ranging between 10.99% to 22% per annum. The interest rates depending on the applicant's profile, credit score and repayment capability.

Q: Does the ICICI bank offers any Balance Transfer Facility in Personal Loan?

A: Yes, ICICI bank offers a balance transfer facility when the Loan Applicant has paid 12 EMIs. For more information, please visit the nearest branch.

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