Your Dreams are Waiting, Fulfill Them with ICICI Personal Loan

Want to renovate your dream home? Dreaming to explore your favorite holiday destination? Looking for instant funds for sister’s wedding? Well, whatever the reason maybe, if you are in need of funds then with ICICI Personal Loan look no further. Yes, the personal loan offered by the bank can meet your personal requirements, giving finance for your every need. Being a renowned name in the banking sector, ICICI with its best of product never disappoints, thus is trusted by many.

Apply for Online ICICI bank Loan

If we talk about its personal loan offering, the bank offers you this loan at an interest rate ranging between 11.49%-22% per annum with a processing fee of 2.25% per annum of the loan amount. The bank offers you the loan at flexible tenures of up to 60 months (5 years) with Rs.20 Lakh and Rs.40 Lakh being the maximum loan amount offered to salaried and self-employed.

To grab more information about the product, let’s dig in the article.

ICICI Personal Loan Eligibility-

The bank offers loan to both salaried as well as self-employed, but to avail it, you need to meet the below eligibility criteria.

Salaried:

  • The age of the applicant must be 23-58 years
  • The applicant must earn a minimum net monthly income of Rs.17,500-25,000
  • He/she must hold a minimum 2 years of experience in a job/profession
  • The applicant must be living in the current residence from the past 1 year

Self-employed:

  • The age of the applicant must be 25-65 years
  • The applicant must have a minimum annual turnover of Rs.15 Lakhs-40 Lakhs as per ITR
  • He/she must hold minimum 3-5 years of experience in current business
  • The applicant must have minimum 1 year of relationship with the bank

Documents Required to Avail a Loan-

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)
  • Latest 3 months Bank Statement (where salary/income is credited)
  • Salary slips for last 3 months
  • 2 Passport Size photographs

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)
  • Latest 6 months Bank statement
  • Office address proof
  • Proof of residence or office ownership
  • Proof of continuity of business

Personal Loan EMI Calculator:

EMI is also an important aspect that you should always keep in mind while availing a loan. It shouldn’t be missed as it can either make or break the situation for you. These Equated Monthly Installments are really helpful in lowering down your loan burden because you only need to give a small chunk each month to repay the loan.

But what is the best way to know whether the EMIs are pocket-friendly for you or not? And, this is where an ICICI Personal Loan EMI Calculator plays a vital role by helping you in knowing your EMIs in a better way.

This tool gives you the results instantly the moment you enter few details in it i.e. loan amount, tenure and interest rate. It is easy to use and it calculates the EMIs for you in a very hassle-free manner. So, why to wait? Go and grab the best deal for ICICI Personal Loan today.

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