Hello friends, welcome to all of you in this article of ours today, through this article, we are going to tell you all about ICIC Personal Loan Apply, some important information like icici personal loan interest, icici personal loan calculator, what is it, or, what are the benefits of icici personal loan status, icici personal loan documents, what is the important information related to them, through this article we will tell you, then definitely read till the end.
ICICI Bank, being one of India’s largest private sector banks, boasts a substantial customer support base. With a long-standing reputation for reliability and trustworthiness, the bank has consistently delivered exceptional services over the years. When it comes to obtaining a personal loan, ICICI Bank stands out a s the ideal choice. In this article, we will explore the process of acquiring a personal loan from ICICI Bank.
Contents
- 1 ICICI Personal Loan
- 2 ICICI Bank Personal Loan Key Highlights 2023
- 3 ICICI Bank Personal Loan Interest Rates
- 4 ICICI Bank Personal Loan: Fees and Charges
- 5 ICICI Bank Personal Loan EMI Calculator
- 6 Eligibility Criteria For Personal Loan ICICI bank 2023
- 7 Documents Required Personal Loan ICICI Bank
- 8 ICICI Bank Personal Loan Online Application 2023
- 9 Can I get loan on salary slip?
- 10 How much salary required for 2 lakh personal loan?
- 11 What is the EMI for 1.5 lakh personal loan?
- 12 What is the EMI for 15 lakh loan for 2 years?
ICICI Personal Loan
ICICI offers excellent personal loans with a wide range of options to choose from, all at affordable and reasonable rates. The interest rate and processing fee are also quite acceptable. While personal loans are unsecured and typically have slightly higher interest rates, they provide great flexibility as you can use the funds for anything.
With ICICI Bank, you have the freedom to use the loan amount as you please, and their officials will provide you with the necessary support and assistance. Your loan amount will be transferred to your account within minutes, ensuring quick access to funds. Additionally, if you have a good credit score and meet the eligibility criteria, you may qualify for a loan amount of up to 25 lakhs.
ICICI Bank Personal Loan Key Highlights 2023
| Interest rate | 10.5% to 19% per annum |
|---|---|
| EMI calculator | Use EMI calculator to calculate EMI amount |
| Processing fee | Up to 2.50% of loan amount plus taxes |
| Features | – Quick loan approval |
| – Loan amount up to 25 lakhs | |
| – Multiple personal loan options available | |
| Eligibility criteria | – Applicant must be an Indian citizen |
| – Minimum income requirement of 15,000 to qualify | |
| Application process | Online or Offline |
| Simple and hassle-free process | |
| Easy form filling and minimal documentation required | |
| Documents Required | – Identity proof: Aadhaar card, passport, voter ID card |
| – Income proof, bank account details or salary slip | |
| – Pan card and address proof |
ICICI Bank Personal Loan Interest Rates
ICICI Bank offers personal loans with varying interest rates depending on the type of personal loan. However, the bank has not revealed the specific factors that determine the interest rate, such as credit score, minimum monthly income, occupation profile, and employer’s profile, unlike other lenders.
| Loan Product | Interest Rate (p.a.) |
|---|---|
| Personal Loan | 10.50% onwards |
| Flexicash (Overdraft facility to salary account holders) | 12%-14% |
| Personal Loan for NRIs | 15.49% onwards |
ICICI Bank Personal Loan: Fees and Charges
| Processing Fee | Up to 2.50% of loan amount + GST |
|---|---|
| Pre-payment Charges | For salaried customers: |
| – 3% plus applicable taxes on principal outstanding after payment of 1st EMI | |
| – Nil if 12 or more EMIs are paid | |
| For MSE classified customers: | |
| – Charges are Nil after payment of the 1st EMI for loan amount of up to Rs 50 lakh | |
| Loan Cancellation Charges | Rs 3,000 + GST |
| Penal Interest | 24% p.a. |
| EMI Bounce Charges | Rs 400 per bounce + GST |
| Repayment mode swap charges | Rs 500 per transaction + GST |
ICICI Bank Personal Loan EMI Calculator
| EMI Calculator | |
|---|---|
| Amount | ₹ 5,00,000 |
| Interest Rate | 10.50 % |
| Tenure | 5 Years |
| Calculate | |
| Monthly EMI | ₹ 15,622 |
| Total Amount Payable | ₹ 5,62,395 (Principal + interest) |
| Principal Amount | ₹ 5,00,000 |
| Total Interest Payable | ₹ 62,395 |
Eligibility Criteria For Personal Loan ICICI bank 2023
To obtain a personal loan from ICICI bank, certain eligibility criteria must be met. These criteria are necessary and must be satisfied in order to be approved for a loan. However, there is no need to be concerned as the eligibility criteria for a personal loan from ICICI bank are outlined below:
-
Mumbai or Delhi residents:
- Minimum monthly salary/income required: 25,000
- Citizenship requirement: Indian
-
Kolkata, Chennai, Bangalore, Hyderabad, and Pune residents:
- Minimum monthly salary/income required: 20,000
- Citizenship requirement: Indian
-
Residents of the rest of India:
- Minimum monthly salary/income required: 15,000
- Citizenship requirement: Indian
-
Age criteria for salaried individuals:
- Minimum age: 23 years
- Maximum age: 58 years
-
Age criteria for self-employed individuals:
- Minimum age: 25 years
- Maximum age: 65 years
Documents Required Personal Loan ICICI Bank
- Identity proof (Aadhar Card)
- Address proof
- Income proof:
- For salaried employees: Latest salary slip
- For self-employed individuals: Bank statement of the last 6 months
- Pan card, ETC
- Two passport size photographs
ICICI Bank Personal Loan Online Application 2023
ICICI personal loan status interest : If you are considering obtaining a Personal loan from ICICI bank, it is important to understand the application process. While the process is simple, it is essential to meet the eligibility criteria in order to apply for the loan. icici personal loan status, The convenience and efficiency of this loan make it one of the top choices in the market. Whether you choose to visit the bank in person or utilize the company’s official website, the application process is straightforward and user-friendly, ensuring a pleasant experience for applicants.
To apply for a personal loan from ICICI Bank, follow these simple steps calculator:
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Visit the bank or its official website to start the loan application process.
- Select the desired loan type you wish to apply for.
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Request the application form. If applying online, click on the “Apply Now” button and carefully fill out the form.
-
Attach all the required documents to the application form. If applying online, upload scanned images of the documents.
-
Based on your credit score, income, and past records, the maximum loan amount you are eligible for will be determined.
- Choose the loan amount, tenure, and interest rate that suits your preferences.
-
After completing all the necessary steps and having your documents approved, the loan amount will be credited to your account within minutes documents .
Can I get loan on salary slip?
How much salary required for 2 lakh personal loan?
You must be a salaried individual employed in the public sector, a private limited company, or an MNC. You must be between 23 – 58 years of age. To be eligible for a 2 lakh personal loan, the required monthly salary is ₹15000 at least.
What is the EMI for 1.5 lakh personal loan?
What is the EMI for 15 lakh loan for 2 years?
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The minimum duration is 12 months, while the maximum duration is 60 months. However, you have the option to repay the amount earlier if you wish.
Personal loans of Rs 2 lakh can be availed from almost all banks/NBFCs. The interest rates of Rs 2 lakh personal loan usually starts from 10.49% p.a. onwards for tenures of up to 5 years. However, some Public Sector Banks might offer personal loans of Rs 2 lakh at lower interest rates and for longer tenures
Now calculate Rs 2 lakh personal loan EMI for different loan tenures using our online personal loan EMI calculator instantly. The EMI for 1-year loan tenure at 11.99% is ₹17,769. For 2-year tenure is ₹9,414, 3-year tenure is ₹ 6,642, 4-year tenure is ₹ 5,266 and 5-year tenure is ₹4,448 interest.
