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All About ICICI Personal Loan

Check out here features and benefits and all about ICICI Bank Perosnal loan by reading this powerpoint presentation.<br>

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All About ICICI Personal Loan

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  1. ALL ABOUT ICICI PERSONAL LOAN

  2. What Is A Personal Loan? • A personal loan is a handy tool to manage your various financial needs • It enables you to close any budget gaps that might occur, regardless of your income bracket • One can take up a personal loan for various needs such as home renovations, paying huge bills, making a major purchase, weddings etc • A personal loan is unsecured as it is not backed by any collateral • The interest rates of a personal loan is much higher as compared to other types of loans

  3. Why Choose ICICI Personal Loans? • ICICI bank personal loanoffers a fixed rate of interest throughout the tenure of the loan • The documentation process for applying as personal loan is simple and swift • Only KYC documents are required; this eliminates complicated documentation processes • The loan processing and the sanctioning process is quick and efficient • Loans can be disbursed easily in case of cash crunches, without a lengthy waiting period • It permits direct credit of the loan to the applicant’s account through Fund Transfer, without waiting for cheque clearance

  4. Basic Features of ICICI Personal Loan: • It is a flexible loan, which can be used for various expenditures that are unavoidable and need to be attended on an urgent basis • These loans are provided for a time period of 1-5 years • No form of security or collateral is required to avail an ICICI personal loan • Low interest rates as compared to other banks • Settlement of the loans can be done through Electronic Clearing Service (ECS), PDC and Auto Debit Facility

  5. Eligibility Criteria • The Minimum age to apply for a personal loan is 23 - 58 years for salaries individuals and 25-65 for self-employed persons. • An individual with a minimum monthly income Rs.17,500 is eligible to apply for a personal loan. • For self-employed individuals, the minimum turnover required is Rs. 40 lakh for non-professionals and Rs. 15 lac for professionals.

  6. Thank You

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