ICICI Bank Personal Loan

Thinking of renovating your house? Yearning to buy a new laptop? Need financial assistance for marriage-related expenses or for your child's higher education? An ICICI Bank Personal Loan is your one-stop-shop for fulfilling all your financial aspirations!


ICICI Bank Personal Loan - Key Benefits
  • Loan up to Rs. 10 Lakhs
  • No security/guarantor required
  • Faster processing.
  • Minimum documentation
  • Attractive rates of interest
  • Flexible repayment option of 12-48 months

Eligibility

You can avail of an ICICI Bank Personal Loan if you have an ICICI Bank salary account or existing personal account with the bank and if you meet the following criteria:

  • Age - 23 to 58 yrs.
  • Net monthly income - Rs. 20,000 p.m.
  • Years in total job / profession - 2 Year
  • Years in current residence - 1 Year


Loan Amount

You can avail of loans ranging from Rs 50,000/- to Rs 10,00,000/- depending on your eligibility, income and repayment capacity.

Documents Required

  • Proof of Identity (any one) Passport / Driving License / Voters ID / PAN Card
  • Proof of Residence (any one) Ration Card / Utility Bill / Passport / LIC Policy Receipt
  • Latest 3 months Bank Statement (where salary/income is credited)
  • Salary slips for last 2 months


ICICI Bank Products:


Other banks offering Personal Loan
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A maximum of 5 providers will compete to give you the best rates (May 2012)

 

 

 

 

 

 

 

 

 

 

 

 

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To get best offers from a network of over 300 service providers, simply fill up the adjoining application form. Our automated engine will match your requirements with a comprehensive set of offers in the market and connect you to a maximum of 5 providers who can service your need. WHEN BANKS COMPETE YOU WIN. You will yourself be able to decide which bank gives the best personal loan based on any of the following parameters:


  • Lowest Interest Rate
  • Lowest EMI
  • Maximum Loan Amount Offered
  • Lowest Processing Fees
  • Eligibility based on your credit report (from credit bureaus such as CIBIL)
  • Other Parameters

4 step process to get the best personal Loan

1) Make sure your credit history is clear by getting a copy of your own credit report from CIBIL. You can get the report online by logging into www.cibil.com . If your credit history shows any errors get them corrected first before you apply for a personal loan as lenders are likely to reject the loan application if the credit report shows any defaults in the past.


2) Make lenders compete, compete and compete. That is the best way you will get the lowest EMI as well as processing fees.


3) If loan eligibility is not an issue find out if a lower interest rate or lower processing fee is available if you reduce the loan amount


4) Other things remaining the same you can choose the loan that has a lower pre-payment charge