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ICICI BANK PERSONAL LOAN

Secure Personal Loan up to ₹50 Lakhs

ICICI Bank Personal Loans cater to diverse financial needs with tailored solutions, attractive interest rates, and easy online management. Whether for weddings, vacations, or debt consolidation, customers benefit from quick disbursements and flexible terms, making ICICI Bank a go-to for reliable financial assistance.

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FEATURES

  • Loan Amount: Get up to ₹50 lakh to meet your financial needs.
  • Flexible Tenure: Choose from a repayment period of up to 72 months.
  • Minimal Documentation: Experience a streamlined application process with reduced paperwork.
  • Attractive Interest Rates: Enjoy competitive rates starting at 10.85%.
  • No Collateral Required: Avail a loan without the need to pledge any assets.

WHY CHOOSE OUR PERSONAL LOAN?

  • Instant Approval: Quick processing with no waiting time ensures you get funds when you need them.
  • No Foreclosure Charges: Zero pre-closure fees after 12 EMIs, enhancing your flexibility.
  • Transparent Costs: No hidden charges; all terms are clear and upfront.
  • Stable Interest Rates: Fixed rates mean predictable monthly payments.
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INTEREST, DOCUMENTATION, AND ELIGIBILITY

Interest Rates and Fees

  • Interest Rates: Ranging from 10.85% to 16.25% annually.
  • Processing Fees: Up to 2.00% of the loan amount, plus applicable taxes.
  • Loan Tenure: Options available from 12 to 72 months.

Required Documentation

  • Income Proof: Last 3 months’ salary slips.
  • Bank Statements: Bank statements from the last 3 months.
  • Identification: Any one of the following – Passport, Driving License, Voter ID, or Aadhaar Card.

Eligibility Criteria

  • Age and Residency: Must be over 20 years old and a resident of India.
  • Employment: Must be a salaried individual with a consistent monthly income.
  • Credit Score: A good credit history is required.
  • Banking Relationship: Must have a Salary Account with any recognized bank in India.

Apply for our Personal Loan to navigate through financial needs with tailored solutions designed for flexibility and ease.

PERSONAL LOAN FOR MEDICAL EMERGENCIES

In times of unexpected health crises, a Personal Loan for medical emergencies can provide the urgent financial support needed. ICICI Bank’s tailored loans ensure that you can access essential medical care without delay, prioritizing your health and wellbeing.

ICICI Bank’s Medical Emergency Loan

  • Effortless Application: Experience a streamlined process with minimal documentation, making it easier to focus on recovery rather than paperwork.
  • Digital and Accessible: Apply any time with our 100% digital application process, designed to be simple and quick, perfect for urgent needs.
  • Competitive Interest Rates: Starting from 10.85%, our loans are structured to be affordable, minimizing financial strain during challenging times.
  • Flexible Repayment Options: With terms from 12 to 72 months, you can choose a repayment schedule that fits your financial situation, easing the burden.
  • No Collateral Required: Access funds swiftly without the need to secure the loan against your assets, offering you peace of mind and faster processing.

Eligibility and Required Documentation for Medical Loans

Eligibility Criteria

  • Age 20 to 58 years for salaried individuals.
  • At least 2 years in continuous employment and a stable residence for the past year.
  • A minimum net monthly salary of ₹30,000, although this may vary based on your banking relationship with ICICI.

Interest Rates and Terms

  • Interest rates are as low as 10.85% per annum, adjustable based on your credit score to reflect the most favorable terms for your situation.
  • No collateral needed, enhancing accessibility to the loan.

Documents Needed

  • Identity Proof: PAN Card, Aadhaar, Passport, or Ration Card.
  • Address Proof: Passport, Voter ID, Driving License, or a recent utility bill.
  • Income Verification: Most recent salary slip and either Form 16 or an official ID Card from your employer.
  • Employment Proof: Document verifying at least one year of continuous employment.

Apply for an ICICI Bank Personal Loan for medical emergencies today and secure the financial flexibility you need to handle health crises with confidence.

 

Criteria

Details

Interest Rate

10.85% onwards

Loan Tenure

12 months to 72 months

Processing Fee

Up to 2% of loan amount + GST

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PERSONAL LOAN FOR MARRIAGE EXPENSES

Celebrate your special day without financial worries with ICICI Bank’s Personal Loan for Marriage Expenses. These loans are designed to turn your wedding dreams into reality, letting you forge lasting memories on your big day without compromising on your vision.

Features of ICICI Bank Marriage Loan

  • Interest Rates: Competitive rates starting from 10.85% per annum.
  • Loan Amount: Options ranging from ₹50,000 to ₹50 lakh.
  • Documentation: Minimal documentation required to ease the process.
  • Collateral: No security or collateral needed.
  • Application: Easy and straightforward application process.

Marriage Loan Benefits

  • Flexible Amounts: Whether planning a grand or simple wedding, choose a loan amount that suits your needs.
  • Financial Ease: Manage your expenses effectively, ensuring a stress-free celebration.

Marriage Loan Eligibility

  • Employment: Applicants must be employed at specific Private Limited Companies, Public Sector Undertakings, or government bodies.
  • Age Requirement: Between 20 and 58 years.
  • Work Experience: At least 2 years, with a minimum of 1 year with the current employer.

Marriage Loan Interest Rates & Charges

  • Interest Rate: Starting from 10.85% per annum.
  • Processing Fees: Up to 2% of the loan amount + GST.

Ensure your wedding is as beautiful as you’ve always envisioned with ICICI Bank’s Personal Loan for Marriage Expenses, designed to provide financial support so you can focus on what truly matters—celebrating your love.

Marriage Loan Features & Details

Feature

Details

Interest Rates

Starting from 10.85% per annum. Rates vary based on loan tenure and applicant’s profile.

Processing Fees

Up to 2.00% of the loan amount plus applicable taxes.

Tenure

Flexible tenure options from 12 months to 72 months.

Documents Required for Marriage Loan

Document Type

Salaried Individuals

Self-Employed Professionals

Application Form

Required

Required

KYC Documents

Essential

Essential

Identity Proof

Aadhaar Card, PAN Card

Aadhaar Card, PAN Card

Income Proof

Bank Statement or Salary slips for the last 3 months.

Audited financials for the last 2 years or Bank Statement for the past 6 months.

 

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PERSONAL LOAN FOR HOME RENOVATION

Unlock the potential of your living space with ICICI Bank’s Home Renovation Loan, designed to transform your residence into your dream home. This loan provides the means to improve your living environment, making it more comfortable and inspiring.

Home Renovation Loan Overview

Transform your house into a beautiful home with the ICICI Bank Personal Loan for Home Renovation. Begin your journey to a more attractive living space today, empowered by easy financing.

Features & Benefits

  • Application Process: Straightforward and user-friendly.
  • Interest Rates: Competitive, starting from 10.85% per annum.
  • Loan Amounts: Ranging from ₹50,000 to ₹50 lakh.
  • Documentation: Requires only minimal documentation.
  • Security: No collateral required.

Eligibility Criteria

  • Citizenship: Must be an Indian citizen.
  • Age Requirements: Applicants should be aged between 20 and 58 years.
  • Income Stability: A minimum monthly income of ₹30,000 is required.
  • Credit History: A strong credit score is advantageous for quick approval.
  • Property Ownership: Ownership details of the renovation property must be provided.

Documentation Required

  • Identity Proof: Aadhaar Card, Passport, or Voter ID for KYC purposes.
  • Address Proof: Utility Bill or Rental Agreement.
  • Income Proof: Recent Salary Slips and Bank Statement.

With interest rates starting at just 10.85% per annum, ICICI Bank makes it easier to finance your home renovations, ensuring you can upgrade your living space without financial strain.

PERSONAL LOAN FOR APPLIANCES AND GADGETS

Enhance your technological capabilities with a Personal Loan for Appliances and Gadgets from ICICI Bank. This loan enables you to stay at the forefront of technology by upgrading your gadgets, ensuring you have all the necessary tools for work, leisure, and connectivity.

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PERSONAL LOAN FOR TRAVEL

Embark on your next adventure with ICICI Bank’s Personal Loan for Travel. Unlock the world of travel, satisfy your wanderlust, and create unforgettable memories by exploring diverse cultures, breathtaking landscapes, and new horizons.

Travel Loan Overview

Set off on your dream vacation and make lasting memories with a Travel Loan from ICICI Bank. Enjoy a smooth application process and competitive interest rates that make securing funds quick and easy.

Travel Loan Benefits & Features

  • Interest Rates: Starting from 10.85% per annum.
  • Loan Amount: Available from ₹50,000 to ₹50 lakh.
  • Documentation: Streamlined and simple.
  • Security: No collateral required.
  • Processing: Fast processing and fund disbursal for timely travel planning.

Travel Loan Interest Rate & Documents

  • Competitive Rates: Starting at 10.85% per annum for affordable repayments.
  • Identity Proof: Aadhaar Card or PAN Card.
  • Address Proof: Utility bills or rental agreement.
  • Income Proof: Recent salary slip or bank statement.

With ICICI Bank, securing a Travel Loan is hassle-free, ensuring you can quickly obtain the funds needed for your travels without unnecessary delays or high costs.

PERSONAL LOAN FOR ONLINE COURSES

Enhance your personal and professional development with a Personal Loan for Online Courses from ICICI Bank. These loans enable you to acquire new skills and knowledge through online education, paving the way for career advancement and opening new opportunities.

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TOP-UP ON PERSONAL LOAN

Need additional funds on top of your existing ICICI Bank Personal Loan? Our top-up loan provides a versatile solution to accommodate your extra financial requirements. You can choose to consolidate your existing loan amount with the new requirement into one single EMI, or opt for a separate loan for the new amount, maintaining distinct EMIs for each.

Benefits of ICICI Bank Top-Up Loan

  • Attractive Interest Rates: Competitive rates that make your additional borrowing cost-effective.
  • Loan Amounts: Choose from a range between ₹50,000 to ₹50 lakh.
  • No Collateral Required: Borrow without the need to pledge any security.
  • Streamlined Documentation: Quick and easy paperwork process.
  • Rapid Processing and Disbursal: Fast approval and fund release to meet your needs promptly.

With ICICI Bank’s Personal Loan for Online Courses and Top-Up Loan options, you can easily finance your educational and incremental financial needs with flexibility and ease.

PERSONAL LOAN BALANCE TRANSFER – SAVE ON YOUR EMIs

Lower the financial strain of your existing loan with ICICI Bank’s Balance Transfer service. Transfer your existing personal loan to ICICI Bank to reduce your EMIs and access additional funds for your needs at a lower interest rate, along with other attractive benefits.

Key Features and Benefits

  • Attractive Interest Rates: Enjoy lower rates that make repayment easier.
  • Top-Up Loan Facility: Obtain additional funds on top of your transferred loan amount.
  • Hassle-Free Transfer: Experience a smooth transfer process with minimal documentation required.
  • Extended Tenure Options: Opt for a longer loan tenure to further reduce your monthly payments.

Documents Required for Balance Transfer

  • Most Recent Loan Statement: To verify the current loan details.
  • Bank Statements (Last 6 Months): Includes the repayment schedule.
  • Salary Slip: To confirm your current income.
  • KYC Documents: For identity and address verification.

Switch to ICICI Bank for your personal loan balance transfer and start enjoying lower EMIs along with the flexibility and additional benefits offered.

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FLEXICASH: OVERDRAFT AGAINST SALARY

FlexiCash is a specialized overdraft facility available to select ICICI Bank Salary Account holders. This service allows customers to access an overdraft to cover unforeseen or recurring expenses, helping to avoid missed payments due to insufficient funds by offering short-term instant credit. The overdraft (OD) account is linked with the salary account, enabling automatic debits to the OD account and reducing interest charges, which are only applied to the amount and duration the funds are utilized.

Benefits of Using FlexiCash

  • Pay-As-You-Use: Interest is only charged on the amount and for the duration it is utilized.
  • Fully Digital Process: Access the facility instantly online with no paperwork required.
  • Flexible Repayment: You have the flexibility to repay the outstanding balance at your convenience, with only the monthly interest due.
  • Auto Sweep-In Facility: Automatically transfer funds from the Salary Account to the Overdraft Account, reducing interest payments.
  • Pre-Closure Facility: Pay off the outstanding balance and close the Overdraft Account anytime without incurring pre-closure charges.

Fees & Charges

  • Processing Fee: From ₹1,999 + GST to a maximum of ₹2,999 + GST.
  • Annual Renewal Fee: ₹1,999 + GST.
  • Late Payment Fee: ₹500 + GST (if applicable).
  • Penal Charges: 5% per annum on the overdue amount.
  • Interest Rate: Ranges from 12.35% p.a. to 14.10% p.a.

Example Calculation: For instance, if you have a FlexiCash limit of ₹1,00,000 at an interest rate of 12.5% p.a. and use ₹10,000 for 15 days, the interest charged would be approximately ₹51.37 (₹10,000 * 15/365 * 12.5%).

Additional Information

  • Mean Interest Rate for Q2’FY 25: 13.75% – This average rate applies to accounts opened in the specified quarter and varies by customer category.
  • Automated Annual Renewal: Continuation of the overdraft limit upon renewal is contingent upon meeting the bank’s renewal criteria.
  • Interest Rate Changes: The fixed interest rate for a 12-month tenure may be subject to adjustments at renewal.



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PERSONAL LOAN FOR NRIs

Are you looking to fulfill your dreams? Whether it’s planning a dream wedding or renovating your home, ICICI Bank offers Personal Loans for Non-Resident Indians (NRIs) tailored to help you make your life picture perfect.

Benefits of ICICI Bank Personal Loan for NRIs

  • No Security/Collateral Required: Borrow without the need for collateral.
  • Loan Amount: Access up to ₹50 lakhs.
  • Simplified Documentation: Streamlined paperwork for easy processing.
  • Competitive Interest Rates: Starting from 10.85% p.a.
  • Co-applicant Requirements: Applicant must be a resident Indian and the co-applicant NRI a close relative.
  • Loan Tenure: Up to 60 months for repayment.
  • Quick Processing and Disbursal: Fast track your loan approval and fund disbursal.

Documentation for NRI Personal Loan

For Non-Resident Indian:

  • Passport copy
  • Visa copy
  • Bank statement
  • Official or HR email ID
  • Salary slip or certificate
  • NRE/NRO bank statement for the last 6 months

For Resident Indian:

  • Identity and address proof
  • Last 3 months bank statement
  • Residence proof in the name of the applicant/co-applicant/parent

Note: The NRI applying must have a close relative in India.

PRE-APPROVE INSTANT PERSONAL LOAN

Looking for an instant Personal Loan? Check your eligibility in just a few clicks and apply now.

Instant Personal Loan Benefits & Features:

  • Affordable Interest Rates: Enjoy competitive rates for easier loan management.
  • High Loan Amount: Borrow up to ₹25 lakh based on eligibility.
  • Zero Collateral: No need for collateral or guarantors.

Eligibility & Documentation for Instant Personal Loan:

  • Eligibility Criteria: Good credit score with a history of timely repayments.
  • Loan Amount & Tenure: Loan amounts up to ₹25 lakh with a repayment tenure from 12 to 72 months, tailored to your financial status and credit history.

With ICICI Bank’s tailored solutions, whether you’re an NRI or looking for an instant loan, managing big life events or urgent financial needs is now more accessible and hassle-free.

Sample Personal Loan Calculation

 

Loan Detail

Value

Loan Amount

₹10,00,000

Interest Rate

11.25% per annum

Loan Term

60 months

Monthly EMI

₹21,867

Processing Fee

2.00% of the loan amount plus GST

*Note: The values shown here are for representation purposes only. Actual values may differ.

Frequently Asked Questions

What is the interest rate for a personal loan from ICICI Bank?

The interest rate for a personal loan from ICICI Bank is 11.25% per annum. Please note that rates are subject to periodic reviews and may vary based on your credit profile and other factors.

What is the maximum loan term available for a personal loan at ICICI Bank?

You can choose a loan term of up to 60 months for a personal loan with ICICI Bank, allowing for flexible and manageable repayment plans. velit. Magni dolorum quidem ipsam eligendi, totam, facilis laudantium cum accusamus ullam voluptatibus commodi numquam, error, est. Ea, consequatur.

How much can I borrow with a personal loan from ICICI Bank?

You can apply for a personal loan amount of up to ₹10,00,000, depending on your eligibility and creditworthiness.

What will be my monthly EMI if I take out a personal loan?

For a loan amount of ₹10,00,000 at an interest rate of 11.25% per annum over a term of 60 months, your monthly EMI would be approximately ₹21,867. Please use our EMI calculator on the website for precise calculations based on your specific loan details.

Are there any processing fees for personal loans at ICICI Bank?

Yes, there is a processing fee of 2.00% of the loan amount plus applicable GST for processing your personal loan application at ICICI Bank.

Home Loan

Home Loan Transfer

Loan Against Property

Personal loan

Office Address

AAP KA BAZAR, GURUGRAM, GURUGRAM, HR-122001

Customer care working hours:

Monday through Saturday,
10:00 A.M. to 6:30 P.M.

Additional Information

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