A Personal Loan from ICICI Bank helps you meet your diverse financial needs during an emergency. It is an unsecured loan and can be used for marriage expenses, paying the medical bills, going for your dream vacation or renovating your home.
Irrespective of what your personal financial goals are, ICICI Bank Personal Loan offers you the perfect solution.
Benefits of Personal Loan
Apart from being the most reliable way to get funds for your immediate needs, availing of a Personal Loan has many benefits, which are:
- Once your application is approved, the funds are credited to your account within three seconds.
- We give you the flexibility to choose the loan tenure. You can apply for a loan from 12 to 72* months.
- Our online services allow you to keep track of the application status and get any assistance you want 24×7.
- Minimum documents needed.
- The interest rate is fixed and it remains the same throughout the loan tenure.
- You need not provide any collateral or security.
- The benefits are applicable for select customers upon completion of online verification and acceptance of the final offer.
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Personal Loan eligibility
At ICICI Bank, we are committed to making the borrowing easy and accessible for all. We understand your needs, and therefore we have established the eligibility criteria based on simple parameters.
For salaried employees
- You must be at least 23 years to be eligible for a Personal Loan and the maximum age limit is 58 years.
- You must have a minimum monthly income of INR 30,000.
Apart from the above criteria, we also assess your credit score and existing debts (loans) to determine your repayment capacity.
Personal Loan interest rate
Whether you want to go on an exotic vacation or you want to pay your child’s university fees, you can get a Personal Loan at an affordable interest rate starting from 10.5%* per annum.