icici bank personal loan details - icici bank review

 ICICI Bank personal loan apply online

      ICICI Bank( Industrial Credit and Investment Corporation of India) is India's second-largest private bank in India. The Mumbai based bank gives a wide variety of loans both secured loans and secured loans. Icici bank provides personal loans to individuals with no collateral to satisfy the needs of money, for example, a wedding, home redesign, a health emergency or a vacation.

    What is personal loan in Icici Bank? ICICI Personal Loan is effectively accessible with no security or guarantee to guarantee reimbursement of the advance sum. It is accessible in various variations and a problem-free procedure. Such a simple advance procedure guarantees simple endorsement of the credit and quick dispensing of the all-out the advance sum. The issue of the free procedure and serious Personal Loan financing costs make ICICI Bank one of the most preferred choices for a few clients. icici bank personal can also be applied to net banking(icici net banking)

how to apply for ICICI Bank personal loan, interest rates

      Dreaming of a vacation, a perfect wedding, home renovation or a much-desired gadget, you no longer need to wait to realize your dreams. Make life picture perfect with ICICI Bank Personal Loans, with low-interest rates and unsecured loans to fulfill your desires.

Icici bank features 

  • A completely digital process with zero paperwork 
  • No collateral is required
  • Cash dispensed within 3 minutes
  • Flexible loan payment options

Documents required for Icici bank 

  • Aadhar card and PAN card
  • Address proof like Voter Id/Passport
  • Three months salary slips
  • Three months bank statements
  • Two passport size photos

Eligibility of Icici bank personal loan 

  • Should be a Indian citizen
  • Age should be above 23 years to up to 58 years for salaried, and till 65 for self-employed
  • Income should be above 25,000 for salaried, and 5 lakhs P.a for self-Employed
  • A minimum of 1-year work experience for salaried.
  • Should have a working bank account 
  • Requires a minimum credit score of 650

Icici bank Interest rates and Fee

  • interest rates vary from 10.75 to up to 19.5%
  • the processing fee is 2.25% + Gst
  • Prepayment charges up to 5% on the outstanding principle
  • Loan calculation charges are Rs. 3000 +Gst
  • EMI bounce charges are 400 per bounce 
  • Foreclosure charges: Rs.100 + GST
  • Late payment Interest rate charges: 24% P.a

Example of Icici bank personal loan 

   If we take 50,000(that's the minimum they provide) with an interest rate of 11.25(that's the minimum they provide) for 12 months (min), then we need to pay a monthly EMI of 4,425 rupees and the total interest that for entire amount would be 3099(*taxes extra), Shown below

monthly emi rates for icici bank personal loan

If we take the max amount(i.e 20 lakhs) for 12 months, then we would be paying a monthly EMI of 1,76,000 and the total interest for the personal loan we will be paying is 1,23,960(*without taxes)

monthly emi rates for icici bank personal loan

Check your eligibility of personal loan in icici bank now and to apply. How can I upload my personal loan in Icici Bank Online?    "Click here" How can I upload my personal loan in Icici Bank Online? you need to visit the official site to upload to check your eligibility.

Icici bank personal loan 

  • You can take a loon up to 20 Lakhs.
  • Duration of the loan can be from 12 to 60 months
  • Interest rates from 10.75 to up to 19.5% depending on credit score
  • The processing fee is 2.25%
  • No part payment option 

How can I get personal loan from Icici mobile app?

  • Install the app form play store or you can apply from the website
  • Fill in the details and verify your number mobile number
  • Upload the documents 
  • Customer care executive will call and verify and your profile will be verified 
  • The amount you are eligible will be displayed
  • The requested amount will be credited into the bank account within 3 minutes

Icici bank Customer care Contact number: 

         You can contact Icicibank customer care in working hours For Personal Banking All India: 1860 120 777 and for Wealth / Private Banking All India: 1800 103 8181

Conclusion (Personal review)

     Icici bank is one of the most trusted banks in India, It's very safe to take a loan and there is no part payment option you can only pay in EMIs, Even the processing fee is high, but the loan eligibility are also of higher standards.

I hope you find this information regarding "ICICI Bank personal loan" is helpful. Feel free to share it with your friends and family if you find it helpful

Also read similar personal schemes: Personal loans in SBI, HDFC, Cashbean, Incread, Yelo