ICICI Bank owns about 5000+ branches all over India. You can just search on google by typing the branch IFSC code, phone number, etc. details to visit and get your work done instantly.
In this post, we’re going to cover the in-depth details of how to apply for a personal loan in ICICI, its procedure, and lastly the FAQs related to the post details that will clear all your questions related to ICICI loan.
Kindly follow the steps below to apply for a personal loan instantly at ICICI bank:
Step-1: Check once if you have a pre-approved offer– If you don’t yet have on, go on the site to fill out a personalized loan request.
Step-2: Fill up then make an application for a private loan, and verify your suitability– Choose the amount of the loan and the term that best suits your needs.
Step-3: Track the progress of your personalized loan acceptance– If your request is successful, your loan amount will be deposited into your current savings account.
Eligibility Criteria
The following are the eligibility criteria to get personal loan from ICICI bank
For salaried applicants:
Age should be between 23 to 75
Minimum 2 years of professional experience
Monthly income should be of 30,000rs
For Self-employed applicants:
Age should be between 23 to 75 and for doctors it should be of 28 to 75
Minimum 5 years of professional experience and for doctors it should be of 3 years
Minimum turnover should be of 40 lakhs per annum and 15 lakhs per annum for non-professionals and professionals respectively
Why should you get a personalized loan from ICICI?
Instantaneous digital procedure
Assistance as quickly as possible
There are no restrictions on how you can use it, and the interest rate is low
Various tenure possibilities are available
The EMI is low
ICICI Bank comparison with other banks
Sr. No.
Bank Name
Rate of Interest
Tenure
Processing charges
1
Axis
10.4 – 25%
12 to 55 months
2% +GST
2
HDFC
10.5 – 21.6%
12 to 60 months
2.5% +GST
3
Citi
Begin from 10.5%
12 to 60 months
2.5% +GST
4
Bajaj
Begin from 13%
12 to 55 months
2.23% +GST
5
SBI
9 – 16%
12 to 60 months
1.5% +GST
Mandatory Documents for the application of ICICI Personal Loan
To apply and gain a personal loan in ICICI, some essential documents are needed by the authorities to verify the existence and true details of an applicant. The list of the documents mandatory are mentioned as:
1].What is the procedure for activating my user id?
If you already created an account, your Online Account User ID/Password can be found in the Welcome Material you received at the time of account opening. If you have forgotten your User ID ID or password and have a registered phone number, you can receive your User ID and set the new password immediately right away.
2]. Is there a way for me to sign up for Banking Notifications?
Yes, you can sign up for all or some of the services:
Account is being debited
Accounts are being credited
Salary credit data
Check bounce alert
3]. What online transactions can I carry out with ICICI?
You can carry out the online transactions of Banking, Bill Payments, Credit cards, Demat.
4]. Does ICICI provide any pre-approved offer plan for personal Loans?
Yes, ICICI does provide it. Visit the site or any nearer branch for further info.
5]. Is any collateral or security needed to get a personal loan?
No, collateral or security is not required for getting a personal loan.
