Following are some important ICICI Personal Loan details:
|Loan amount||Up to Rs. 20 Lakhs|
|Rate of interest||10.5% - 19%|
|Tenure||Up to 60 months|
|Lowest EMI possible||Rs. 2,187 Per Lakh|
|Processing fee||Up to 2.25% + GST|
The features of ICICI Bank Personal Loan are mentioned below:
Also Check: Credit score for personal loan
Apart from ICICI Personal Loan Interest Rate, you will also have to pay the following fees and charges for the loan:
Know about how to open ICICI PPF Account Online.
Below are the Documents Required for ICICI Personal Loan:
|Type of Documents||Salaried Individuals|
Any one of:
Any one of:
|Type of Documents||Self-Employed Individuals|
Any one of:
|Type of Documents||Self-Employed Individuals|
Additional Reading: Cibil score check free online by pan number
You will have to meet the following ICICI Bank Personal Loan Eligibility Criteria mention below:
ICICI Personal Loan Eligibility for Salaried
ICICI Personal Loan Eligibility for Self-employed
ICICI Bank provides different types of Personal Loans to cater to the diverse requirements of customers and fulfil their needs.
This ICICI instant personal loan can be availed of for funding wedding expenses, such as venue booking, catering, shopping, guest accommodation, jewellery, and so on.
This ICICI personal loan can be availed of for funding vacation-related expenses, such as booking flight tickets, hotels, travel packages, shopping, etc.
This ICICI Bank loan covers expenses like getting new fittings, fixtures and furniture for your home, or any repair work.
Customers who have already availed of ICICI Bank loans can opt for a top-up Personal loan from the bank to meet their incremental financial needs.
ICICI Bank Fresher Funding offers personal loan up to Rs. 1.5 Lakhs for freshers on the basis of the first salary without any hassles for catering to an urgent small financial need.
ICICI Bank also offers Personal Loan for Non-resident Indians (NRI) to help them fulfil all needs, be it a dream wedding or renovating a home.
If you want to avail of any of the above-mentioned ICICI personal loan apply online instantly through our website.
You can Apply for ICICI Bank Personal Loan Online through MyMoneyMantra by following the steps mentioned below:
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You can also apply for ICICI Personal Loan offline by visiting the nearest ICICI Bank branch and filling and submitting the personal loan application form.
Additional Reading: Check ICICI Cibil Score
You can calculate the EMI for ICICI Bank instant personal loan using the EMI Calculator available online on ICICI Bank’s website or through our online personal loan EMI Calculator. This free-to-use tool gives out instant EMI calculations results using a combination of three parameters, i.e. the loan amount, interest rate and repayment tenure.
Below is an example of ICICI Personal Loan EMI Calculation using MyMoneyMantra Personal Loan EMI Calculator.
Loan amount required: Rs. 25 Lakhs
Tenure of repayment: 6 years
Rate of interest applicable: 10.50% p.a.
EMI to be paid each month: Rs. 46,947
Total interest outgo: Rs. 8,80,215
Total amount to be paid to the bank: Rs. 33,80,215
Amortization schedule for the above example
|Year||Opening balance||Total amount to be pPaid during the year (EMI*12)||Total interest paid during the year||Principal paid during the year||Closing balance|
|1||Rs. 25,00,000||Rs. 2,81,685||Rs. 1,27,921||Rs. 1,53,764||Rs. 23,46,236|
|2||Rs. 23,46,236||Rs. 5,63,369||Rs. 2,30,645||Rs. 3,32,724||Rs. 20,13,512|
|3||Rs. 20,13,512||Rs. 5,63,369||Rs. 1,93,977||Rs. 3,69,392||Rs. 16,44,120|
|4||Rs. 16,44,120||Rs. 5,63,369||Rs. 1,53,269||Rs. 4,10,100||Rs. 12,34,020|
|5||Rs. 12,34,020||Rs. 5,63,369||Rs. 1,08,075||Rs. 4,55,295||Rs. 7,78,725|
|6||Rs. 7,78,725||Rs. 5,63,369||Rs. 57,899||Rs. 5,05,470||Rs. 2,73,255|
|7||Rs. 2,73,255||Rs. 2,81,685||Rs. 8,429||Rs. 2,73,255||Rs. 0|
You can download your personal loan statement through the following steps:
Additional Reading: How to check free cibil score?
You can easily track ICICI Personal Loan application status online through the bank’s online tracker by clicking here: https://loan.icicibank.com/asset-portal/my-applications-login.
Enter the following details to track your status:
Mobile Number, Date of Birth, and OTP OR Mobile Number, Application Number, and Date of Birth.
If you are looking for the ICICI bank personal loan apply online through MyMoneyMantra.
ICICI Bank houses a reliable customer care facility for its customers. The customer care comes with high efficiency to answer Personal Loan related queries 24x7. Applicants can even get in touch with the zonal heads of different zonal offices and express the concern regarding ICICI Personal Loan. Alternatively, visit the ICICI Bank branch and sent an email to the bank with your query or complaint details. For any unresolved query, you may dial 1800 200 3344 between 9 a.m. to 6 p.m. from Monday to Friday.
Additional Info: ICICI Bank Home Loan Customer Care Number
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ICICI Bank provides approval within 72 hours, which begins from the submission of complete documentation.
Yes, you can foreclose your ICICI Personal Loan by making a full prepayment of your Personal Loan after your 1st instalment. But, you will be required to pay standard pre-closure charges of 5% + GST. Part prepayment in case of ICICI Bank is not allowed. You can also visit the ICICI Bank branch for the prepayment of your Personal Loan.
The prepayment charges for ICICI Personal Loan is 5 % annual of the amount of principal outstanding loan + GST.
ICICI Bank charges up to 2.50% of the amount of the loan + GST as a processing fee for its Personal Loan.
ICICI Bank Personal Loan interest rates vary from 10.50% to 19% per annum. Interest rates tend to vary depending upon several factors like CIBIL Score, monthly income, age, and so on.
ICICI offers loan amount up to Rs. 25 Lakhs.
ICICI consumer finance loan or ICICI Personal Loan tenure ranges between 12 months to 72 months.
No collateral or security is required to avail ICICI Bank Personal Loan.
Yes. The top-up Personal Loan can be easily availed any time after the repayment of the first 12 EMIs. Top up Personal Loans are available with minimal formalities.
Yes you can prepay (in full) your ICICI bank personal loan after the payment of 12 EMIs at a charge of 5% principal outstanding + GST.
Yes, the student loan ICICI offers comes under the ICICI Bank Education Loan scheme. You can get up to Rs. 1 crore at interest rate starting from 9.50% p.a. under the scheme.
If you want an ICICI Bank loan apply online for quick processing and disbursal.
Yes. The ICICI pre approved personal loan is available for select customers of the bank. Under the scheme, you can get a loan in just 3 seconds with zero to minimal documentation.
If you wish to avail of ICICI Bank personal loan online apply through the bank’s official website or via MyMoneyMantra.