ICICI Personal Loan
Avail ICICI Bank Personal Loans up to Rs. 25 lakhs for weddings, home renovations, travel, financial emergencies, and more.
Loan Details
Interest Rate
10.75% onwards
Processing Fee
Rs.4999
Prepayment
Charges
5% on principal outstanding plus GST
Tenure
Up to 60 months
- Eligibility Factors
- Documents Required
- Loan Verification Process
- Rate of Interest
a. Age:
l For Salaried – 23-58 years
l For Self-employed – 28 years (self-employed individuals) and 25 years (for
doctors); Maximum age - 65 years
b. Credit score: Closer to 900
c. Employment Type: Salaried and Self-employed
d. Minimum net income (monthly):
l For Salaried - Rs. 30,000 minimum
l For Self-employed -
1. Minimum Turnover - Rs. 40 lakh for non-professionals; Rs. 15 lakh for
professionals; as per audited financials
2. Minimum Profit After Tax - Rs. 2 lakh for Proprietorship Firm/Self employed
individuals, and Rs. 1 lakh for non-professionals as per audited financials
e. Work experience:
l For Salaried - 2 years
l For Self-employed - Depends on business stability. In a current business, a minimum
of 5 years; For doctors, 3 years minimum
l For Salaried
Proof of Identity: Passport / Driving License / Voters ID / PAN Card (any one)
Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
Last 3 Months Bank Statement (where salary/income is credited).
Salary slips for the last 3 months.
2 Passport Size photographs.
l For Self-employed
KYC Documents: Proof of Identity; Address proof; DOB proof.
Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
Income proof (audited financials for the last two years).
Last 6 Months Bank statement.
Office address proof.
Proof of residence or office ownership.
Proof of continuity of business.
ICICI Bank personal loans need minimum paperwork. It can be availed in as few as 3 seconds upon a successful approval
The verification process for an ICICI Bank personal loan includes the following steps:
l Select ICICI Bank personal loan.
l Submit an online application for a personal loan on Apnapaisa.com. Your application will be transferred by us to ICICI Bank.
l Having received your personal loan application, a representative from Apnapaisa.com will call you to verify its details. A pick-up for the documents required will be subsequently arranged by us at a place and time of your convenience.
l As soon as your documents are collected and successfully verified, your personal loan application will be approved by ICICI Bank.
l Sign the loan agreement, and the requested loan amount will be instantly disbursed to your account.
The rate of interest for ICICI Bank personal loans ranges
between 10.75 to 19.50% p.a.