ICICI Bank Personal Loan

ICICI Bank Limited, also known as Industrial Credit and Investment Corporation of India, is a banking and financial organisation in India. Its headquarters are in Mumbai, Maharashtra, while Vadodara, Gujarat, is home to its registered office. For both its retail and business customers, ICICI Bank provides a large variety of financial services and banking products. The second largest bank in India, based on assets and market capitalization, is ICICI Bank. The ICICI Bank has broadened its areas of expertise to include venture capital, asset management, investment banking, and life and non-life insurance. Currently, the bank operates over 4800 branches and 14,000 ATMs across India.

The bank offers personal loans to help its customers with quick financial assistance. The Icici Bank Personal Loan apply personal loans offer you low documentation requirements and competitive interest rates.

Feature of ICICI Bank Personal Loan 

Following are the some feature of ICICI Bank Personal Loan : 

• ICICI Bank loan apply is very simple online. You can easily apply online. 

• Equated Monthly Instalments or EMIs are two ways you might pay back your loan.

• The interest rate for the ICICI Personal Loan is fixed and decreases every month.

• You do not need to provide any security to the bank in order to obtain a personal loan.

• The interest rate on personal loans from ICICI Bank starts at 11.25%*, which is a very low rate.

• To suit your financial needs, a maximum loan amount of Rs. 40 lakhs may be accessed.

• Check online for information on ICICI Bank personal loan eligibility requirements and supporting documentation.

• Check online for information on ICICI Bank personal loan eligibility requirements and supporting documentation.

• The lending institutions impose prepayment fees if you choose to repay your loan early. A minimum prepayment fee is assessed by ICICI Bank.

  
  

  Process for applying ICICI Bank Personal Loan 

  You must adhere to these easy procedures in order to apply for an ICICI Bank Instant Personal Loan: 

  
  

  • Visit the official website Fincrif.com .

  • Firstly , login with your name and number .

  • Then fulfill your employment type.

  • Verify OTP.

  • Upload all the documents and submit .

  • Last , you will get a call from the Fincrif team and help you to proceed next.

  
  

  Frequently Asked Questions ( FAQ ) 

  1. How long does it take to have a personal loan from ICICI Bank approved?

  ANS. An ICICI personal loan is typically approved in fifteen working days. The lending company also provides rapid personal loans that are granted in only two to three hours for those who require emergency cash.

  2. Can I apply for a loan without a bank statement?

  ANS. If you have paid off at least 12 EMIs on time, ICICI Bank will give you a top-up facility. Contact the customer service department or go to the closest bank office if you want to visit this facility.

  3. What is the most that the ICICI Bank will sanction for a personal loan?

  ANS.  One can borrow up to 50 lakhs with an ICICI Bank personal loan.

   

Eligibility Criteria for ICICI Bank Personal Loan 

To help them get through their immediate financial difficulty and realize their dreams, ICICI offers personal loans to salaried folks. The bank offers personal loans depending on your ability to repay debt and credit history. Since the ICICI Personal Loan is an unsecured loan, the bank must first determine the applicant's eligibility before approving the personal loan.

So , here are the ICICI Bank Personal Loan  eligibility : 

• The lowest and maximum ages required for ICICI personal loan applications are 23 and 58 years old, respectively.

• You must make at least Rs. 20,000 per month in order to qualify.

• A person with a job can apply for a personal loan.

• You must spend a minimum of one year at the current address.

• If you have a salary account with the bank or a savings account, you may apply for an ICICI personal loan. Furthermore, you can apply for a personal loan without much difficulty if you have an asset relationship with the bank from obtaining a car or home loan.

• Additionally, you are still eligible to apply for a personal loan even if you have no connection to the ICICI Bank.

• You must have at least two years of work experience.

• A CIBIL Score of at least 750 is required.