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personal loan bangalore
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ICICI Bank Personal loan in Bangalore | ICICI Bank Personal loan | Apply ICICI Personal Loan at Less Rate of interest

Getting personal loan from ICICI bank is easy and quick. ICICI bank offers attractive rate of interest. Apply online to get ICICI bank personal loan. ICICI bank personal loan is easy 3 step process, get eligibility, decide to apply, complete documentation. ICICI bank loan range from 1 lakh to 30 lakh based on your eligibility. ICICI bank personal loan interest rate start as low as 13.49%*. Use ICICI bank EMI calculator to know monthly EMI.

ICICI bank is one of the largest personal loan providers in India. It provides loan of maximum Rs. 15 Lakhs for self employed, up to Rs. 30 Lakhs for salaried and Rs.40 Lakhs for doctors with a flexible repayment option of 12-60 months and charges interest rates in the range of 13.49%-18%. ICICI charges 5% prepayment charges and processing fee up to 2.25%.

Features and Benefits of ICICI Bank personal loan in Banglaore

  • ICICI Bank offers one of the highest quantum of personal loan which is up to Rs 15 Lakhs for self employed and Rs.30 Lakhs for salaried.
  • It charges attractive interest rates in the range of 13.49%-18%
  • It provides faster processing of personal loan and requires minimal documentation. The loan is disbursed within 72 hours of submission of documents.
  • ICICI bank offers cover for loan liability through which personal loan applicants can insure their personal loan liability with ‘All Safe’ Insurance with no extra cost.

Applying for ICICI Bank Personal Loan on Personal Loan Bangalore

Personal loan bangalore has collaborated with ICICI bank for its personal loan services. Individuals seeking loan in Bangalore from ICICI bank can directly avail the services from Personal Loan Bangalore to get quick and hassle free loan.

  • Paperwork support: We at Personal loan Bangalore provide door to door service to the loan seeker by collecting the documents for them and submitting it to the bank. The users don’t have to worry about the paper work and need not even come to bank.
  • Quick approval: We at Personal loan Bangalore try our best to get your loan approved instantly by ICICI bank.
  • Advisory services: We at Personal Loan Bangalore also help the loan seeker to choose the best deal available with ICICI bank according to the loan eligibility criteria provided by the bank and the requirements of the loan seeker.

Required Documents

Documents required to process ICICI Bank Personal Loan for SALARIED

  • Proof of Identity: Any one of Driving license/Passport/Voters ID/Pan Card
  • Proof of Residence: Passport/ Utility bill(not more than 3 months old)/ leave and license agreement
  • Latest 3 months Bank Statement
  • Salary slip for last 3 months
  • 2 Passport Size photographs.

Documents required to process ICICI Bank Personal Loan for 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.

ICICI Bank Rate of interest

ICICI Bank personal loan interest charges in Bangalore

Service type Interest rate
Rate of Interest 13.49% to 18.00%
Loan Processing Charges Up to 2.25% of the loan amount +Service Tax
Prepayment Charges The lower of the following:
1) 5% of the principal outstanding or
2) Interest outstanding for the unexpired period of loan
Charges for late payment 2% per month
Cheque Swap Charges Rs. 500/- per transaction

ICICI Bank Personal Loan Eligibility

Eligibility for ICICI Bank personal loan in Bangalore

Salaried Self Employed
Age limit 23 years -58 years 28 years ( for self employed) and 25 years (for doctors) to maximum 65 years
Net income of Rs.17,500 per month( Rs.25,000 for applicants residing in Mumbai & Delhi; Rs.20,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata) Minimum turnover of Rs. 40 lakhs for non professionals; Rs 15 lakhs for professionals Minimum Profit after Tax of Rs. 2 lakhs for Proprietorship firm/self employed and Rs. 1lakh for non-professionals as per audited financials
Minimum 2 years in job/profession Should be in current business for minimum 5 years and for doctors minimum 3 years
Should be in current residence for minimum 1 year Minimum 1 year relationship(current or savings account) or any loan either ongoing or closed in the last 36 months

Frequently Asked Questions(FAQ)

ICICI Bank Personal Loan Frequently Asked Questions(FAQ)

What is a personal loan and How to get ICICI Bank personal loan

From a minor renovation to a little extra help in your business, there are several occasions that require you to drill deep into your pocket in order to manage the expenses. The ICICI Bank Personal Loan is here to help you sail through such unplanned expenditures by lending you the required amount of cash. Also, this help comes without the applicant keeping any collateral security with the bank or going through tedious documentation process when applying for ICICI Bank Personal Loan in Bangalore or anywhere else in India.

What are advantages of ICICI Bank Personal Loan?

For first time applicants, the one big advantage of applying for Personal Loan in Bangalore, Ahmedabad or any other city through ICICI Bank is that you don’t need to keep any security. Additionally, the personal loan applications are processed without putting the applicant through time consuming paperwork.

  • Quick and easy processing
  • No tedious paper work
  • No collateral security needed
  • EMI’s worked out according to the flexible loan tenure chosen by the applicant
What is the amount of personal loan one can get in ICICI Bank?

Currently, ICICI Personal Loan applicants can get a loan in the range of 50 thousand rupees to 50 lakh rupees. However, the amount sanctioned by the bank is dependent on the eligibility, age and repayment capacity of the individual.

What is the tenure and interest rates of the ICICI Bank personal loan?

ICICI bank gives its customers a choice to repay the loan over a period of one year to five years. Depending on your income, you can choose a convenient repayment option. As far as the rate of interest is concerned, ICICI offers this unique option where the rate remains unchanged throughout the tenure of the loan so that the applicant is not burdened by the fluctuations in the economy.

What are the charges applicable for ICICI Bank personal loan?

A processing fee of 2% to 2.25% depending on the company you are employed in and location of the loan will be levied. This fee will be deducted from the disbursal amount payable to you.

What are the eligibility criteria for ICICI Bank personal loan?

Applying for personal loan is easy as there are no detailed eligibility criteria that the applicant has to clear. However, the bank will look at your age, source of income and ability to repay while processing your loan application. Therefore, it is best advised to contact your nearest branch or simply get in touch with one of the ICICI executives to get a clear idea about the detailed procedure.

How to choose the best personal loan?

At ICICI bank, customers also get the convenience of applying for personal loan online. Simply register your application and the bank will do the processing as well as grant the approval online itself. Therefore, ICICI offers the best personal loan option for customers. Also, as far as the personal loan rate of interest is concerned, ICICI Bank offers customers the best deal. As of now, the bank is offering attractive rates that are as low as 13% exclusively on personal loan applications.

What are the documents required for ICICI Bank personal loan?

ICICI Bank processes personal loan applications without demanding too much documentation. However, the applicants should keep a basic set of documents which include identity proof, income proof, residence proof, PAN card, IT returns, etc. when applying for personal loan through the bank.

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