EVERYTHING ABOUT ICICI PERSONAL LOAN THAT YOU NEED TO KNOW!

1. EVERYTHING ABOUT ICICI PERSONAL LOAN THAT YOU NEED TO KNOW!

2. All of us live to have the best experiences in life. But sometimes, these experiences might cost us a fortune and we might not have the funds to live it. Where do we go? How can we accomplish our dream experiences? Worry not, ICICI offers personal loan options at affordable rates and big loan amounts to help you get wherever you’re headed. Whether it’s about having the best wedding celebration in the town or going to an exotic location with your loved ones, ICICI Personal Loan lets you sail smoothly to your dream location. The loan approval process is super fast so that your plans go just as they are planned.

3. What are the features of the ICICI Personal Loan? Different Types Of Loans: ICICI Bank has specialized loan packages designed for every need. If you want to have the best wedding, there’s a wedding loan for that. If you want to reinvent or renovate your house, there’s a home renovation loan for that. Thinking of going to abroad with your family? There’s a holiday loan for that. And, there are many such options under ICICI personal loan. Choose the one that fits your purpose.

4. Big Loan Amount: ICICI wants you to live every special moment of you life to the fullest. To bring things into action, ICICI provides personal loan amount that can go up to a maximum of INR 20 lakh. Attractive Rate of Interest: The feeling of guilt shouldn’t cross you once you’ve had or enjoyed your moment. That’s why ICICI Bank offers low interest rates so that the repayment of loan doesn’t seem as a burden to you. The interest rate you’ll bag on ICICI personal loan will range between 10.99% to 18.49%. Fast Disbursal of Loan: As soon as the loan is approved, the disbursal of loan amount happens within 24 hours. In some instances, the loan amount is disbursed in 3 seconds after the time of approval.

5. What is the Eligibility Criteria to Avail the ICICI Personal Loan? Eligibility For Salaried Individuals: • Minimum age of the salaried individual should be 23 years and the maximum age should be 58 years. • The applicant should have a minimum net monthly income of INR 17500 (this amount differs from city to city). • The individual should have a minimum of 2 years of experience and a minimum of 1 year of experience with the current employer.

6. Eligibility For Self-Employed Individuals: • Minimum age of the salaried individual should be 28 years and the maximum age should be 65 years. (Minimum age for doctors: 25 years) • In the case of non-professionals, the minimum turnover should be of INR 40 lakh. On the other hand, for professionals, it should be INR 15 lakh. • The minimum profit for self-employed individuals and proprietors must be INR 2 lakh (tax excluded). For non professionals, the minimum profit must be INR 1 lakh.

7. Individual should have at least 5 years of experience in the business. (Doctors should have minimum 3 years) • The individual should be have an existing relationship with ICICI bank either an ongoing loan or a bank account with ICICI held for a year.

8. What all Documents Are Required For the ICICI Personal Loan? • Identity Proof – Copy of Passport/Voter ID Card/Driving License • Duly signed application form with photograph. • The Processing Fee Cheque • For Salaried Employees – Last 3 month salary slips and last 3 months bank statement. • For Self-Employed – Income Proof with last 2 years audited financials and the bank statement for last 6 months.

9. How to Apply for the ICICI Personal Loan? You can apply for a personal loan either through online or by visiting the nearest branch. All you have to do is to fill the loan application by filling up some personal details and in the end sign it. Once filled just upload the above mentioned document or attach it and submit it to the nearest branch.