Loan Details

Interest Rate

10.75% onwards

Processing Fee

0.25% to 1.50%

Prepayment

Charges

5% on principal outstanding plus GST

Tenure

Up to 60 months

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
ICICI Bank Personal Loan Details

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 10.50% p.a. to 19% p.a.