ICICI Bank Personal Loan
One of the most convenient options provided by ICICI Bank is its online personal loan, which allows you to apply and get approval within just 24 hours. With a seamless digital process, this loan eliminates the need for lengthy paperwork and in-person visits, making it ideal for those in need of quick financial assistance. Whether you need funds for an emergency, home renovation, or a special occasion, ICICI Bank’s online personal loan ensures you have access to money swiftly and efficiently.
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Here are a few factors
Required documents to Apply for ICICI BANK PERSONAL LOAN
- KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
- Last 3 month Salary Slip
- Last 6 month Bank Statement in PDF
- Form 16 of last 2 year
- Rent Agreement if rented or Utility Bill if residence is owned
- Sanction Letter of all current running loan if any
- Office ID Card or Official EMAIL ID if any
Customer Care Details
You can reach out to ICICI Bank, if you have any queries or require assistance.
Email :- Customer.care@icicibank.com
About ICICI Personal Loan
Personal loans from ICICI Bank come with competitive interest rates, starting at just 10.50% p.a., offering borrowers a flexible and affordable financing option. Whether you’re looking to cover medical expenses, fund a vacation, or consolidate debt, ICICI Bank allows you to use the loan amount for any purpose based on your financial needs. To help you plan your repayment, the bank provides an online EMI Calculator, enabling you to easily calculate your monthly payments for an ICICI Bank instant personal loan. This tool ensures that you can manage your finances effectively, making your loan experience smooth and stress-free.
Let us take an example, How EMI is being calculated
For instance, if “Rohan” applies for a personal loan of INR 1.5 Lacs and gets the loan sanctioned at a rate of 14% with a tenure of 36 months, his EMI would be INR 5,000. The total repayment amount over the 36-month period would be INR 1,80,000 (i.e., 5,000 EMI * 36 months), where the total interest amount is INR 30,000 and the principal repayment is INR 1,50,000. Additionally, a one-time processing fee of 2% of the disbursed amount + GST of the loan amount may apply. T&C apply.
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FAQ
ICICI Bank offers a completely digital process, allowing applicants to apply and get approval for personal loans within 24 hours without visiting a branch or submitting physical documents.
The interest rate for personal loans from ICICI Bank starts at 10.50% p.a. and is determined based on the applicant’s credit score, loan amount, repayment history, and overall financial profile.
Yes, ICICI Bank offers flexible repayment tenures ranging from 12 to 60 months, allowing borrowers to choose a repayment schedule that best suits their financial situation.
ICICI Bank allows you to use their online EMI Calculator to adjust your loan tenure or amount, helping you determine the most suitable EMI based on your changing financial needs.
Yes, you can prepay your ICICI personal loan, but prepayment charges may apply based on the loan agreement. However, this can help reduce your overall interest burden.
Existing customers may receive pre-approved personal loan offers with faster processing and special interest rates, depending on their banking relationship with ICICI Bank.
While personal loans are typically intended for individual use, ICICI Bank allows you to utilize the loan for any legitimate purpose, including business funding, as long as it meets the bank’s guidelines.
ICICI Bank uses advanced encryption and secure digital platforms to protect your personal and financial information throughout the loan application and approval process.
ICICI Bank provides 24/7 customer support and digital tools for managing your loan, including access to EMI statements, payment options, and loan closure requests via their mobile app and online portal.
A higher credit score increases your chances of approval and helps you secure a lower interest rate, as ICICI Bank uses your credit profile to assess risk and determine loan terms.
