Icici Bank Personal Loan

ICICI Bank provides a wide range of Personal Loans especially crafted for its customers. A Personal Loan from ICICI Bank can be utilized for various purposes such as a Children’s Education, Wedding Expense, Home Renovation, Medical Emergencies, to finance a dream vacation of one kind or Starting a Business or even for closing any other Financial Liabilities. Applying for ICICI Personal Loans are easy to get and absolutely hassle-free services. With simple documentation, you can now get a loan for an amount up to Rs. 20 lakh at Attractive Rate of Interest.

In ICICI Bank Personal Loan process is easy and simplified. There are no extraordinary documents required for application and the list of documents required at the time of application and also post sanction of the ICICI Bank Personal Loan is easily available for customers.

Features of ICICI Personal Loan

Nil Closer on Any Loan Amount After 12 EMI’s
No Physical Documents Required & No Address Proof Required but Aadhaar OTP is Mandatory
No PhyFastest Personal Loan Approval
Maximum Loan Amount: Get the maximum loan amount up to 50 Lacs.
Attractive Interest Rate:The interest rate is the amount that is charged on the principal amount by the bank to a borrower for the use.
Processing Fees: Rs. 4999/- + GST

Benefits of ICICI Personal Loan

Flexible Repayment:At ICICI Bank, Personal Loan borrowers enjoy flexible repayment to choose tenure and amount of their choice. Loan tenure starts from 1 year to 6 years.
Minimum Documentation: Applying for ICICI Bank Personal Loan is a hassle-free process which requires minimum documentation for loan approval.
No Security/ Collateral required: ICICI Bank provides Personal Loan to the borrower without any security (residential/commercial property as collateral) or collateral.
Quick Processing Time:After the document is submitted then the loan approval process starts by the bank and verifies the document and also considers the borrower's financial situation before the loan approval. It generally takes 3 to 5 working days.
Credit Shield which is the Loan Protection Program.
- Opt for top-up loans at attractive interest rates and achieve the increased requirement for money easily. You can either consolidate it with an existing personal loan or treat it as a separate loan.

Fee	Amount to be Paid
Rate of Interest	10.25% To 16.75% floating
Greater Than50,000 (Non. Govt.Employees)	10.50%
Loan Processing Charges	Rs. 1999/- To 2.50% + GST
Cheque Bounce Charges	Rs. 200 + applicable GST
Cheque/ Instrument Swap charges	Rs. 500/-
Prepayment/ Foreclosure Charges	After 12 EMI's Nil Four Closure Charges on Any Loan Amount After 3 EMI's 3% Four Closure Charges on Any Loan Amount
Default Interest Rate	24% per annum
Duplicate Statement Issuance Charges	Rs. 250/-
Duplicate Amortization Schedule Charges	Rs. 250/-
Duplicate Interest Certificate	NA
S(Provisional/ Actual) issuance Charges	NA

Loan Amount: Rs. 1 Lac to 50 Lacs
Rate of Interest (APR)*:10.25% to 14%
Repayment Tenor: 12 Months to 72 Months
Processing Fees: Rs. 4999/- + GST as applicable
Prepayment/ Foreclosure: Nil Closer on Any Loan Amount After 12 EMI’s

Illustration: Rs. 1 Lac loan on 10.25% with processing Fees for 72 Months comes to Rs. 1,34,296/- Equated Monthly Installment shall be: Rs. 1,865/- only.

APR* - Annual Percentage Rate

*Terms and Conditions Apply

ICICI Bank Personal Loan Eligibility Criteria - for Salaried Professional

Salaried Doctors, CAs, salaried employees of MNC, Private Ltd., Public sector undertakings, including central, state and local bodies
Salaried Individuals between 21 and 58 years of age
Salaried Individuals who have had a job for at least 1 year.
Those who earn a minimum of Rs. 25,000 net income per month.

Documentation required for Salaried Individuals

Application Form with 1 Passport size Photo
Proof of Identity: PAN Card / Aadhaar Card, Valid Passport, Ration Card
No Address Proof Required (Mobile No. Should be Linked with Aadhaar Card)
3 Months Bank Statement of Salary Account
Latest 3 Month Salary Slips
Form 16 / Office I-Card
1 Year Job Continuity Proof

Disclosures & Disclaimers

There are various factors to consider while taking a Personal Loan in order to assure the borrower gets the best possible deal. Factors such as:

* APR - Annual Percentage Rate: Annualized cost of borrowing Includes and shown as percentage:

Interest rate, Processing fees, Documentation fees and other fees

Loan Amount:1 Lac to 1 Cr
Rate of Interest (APR)*: Minimum :10.25% to Maximum: 18%
Repayment Tenor: Minimum: 12 Months to Maximum: 84 Months
Processing Fees: Min. Rs. 999/- + GST to Max. 4719/-
Prepayment/ Foreclosure:Nil (After 12 months) or 1% - 4% (Before 12 months)

Illustration

Rs. 1 Lac loan on @10.25% with processing Fees for 84 Months comes to Rs. 1,40,537/- Equated Monthly Installment shall be: Rs. 1,673/- only. Processing Fess 2 % Plus Stamp Duty Rs. 100/- to 500/- depending on State to State.

Disclaimer: www.easy-personal-loan.com is a loan aggregator and is authorized to provide services on behalf of its partners with best guaranteed deals

APPLY ICICI BANK PERSONAL LOAN FOR 84 MONTHS @ 10.25%