| 1. No Hidden cost.
2. Fast processing.
3. Attractive rate of interest with lowest emi.
4. No security/ no guarantor required.
5. Flexible repayment options of 12 -60 months.
|Interest Rates||11.59 - 17.50%|
|Processing Fee||Rs.999 for Special offers otherwise 1% - 2.5%|
|Forclosure charges||Nil – 5.00%|
|Loan Amount||20 Lakh|
|Min. Income||20000 pm|
ICICI Bank Personal loan Interest Rates 2023
|Interest Rates||Pre Payment
(Salary Above 75,000)
(Salary 50,000 -75,000)
(Salary 35,000 - 50,000)
(Salary 20,000 -35,000)
11% - 14.99%
(Special rates for Loan Amount b/w 5 lacs - 20 lacs)
11.29% - 11.7%
(BT rates for listed company)
|Rs.999 for Special offers otherwise 1% - 2.5%||Rs.999 for Special offers otherwise 1% - 2.5%|
|Eligibility Criteria||Salaried||Self Employed|
|Age||23 - 58 Years||25 - 65 years|
|Salary||Minimum 20,000 pm (Rs.25,000 for customers residing in Delhi & Mumbai) (Listed Companies)
Rs. 40,000 for Non-Listed Companies in All Locations
|Rs.40 lac for non professionals, Rs.15 lac for professionals|
|Profit After Tax||
|Rs.2 lac for prop firm/self employed individuals, Rs 1 lac for non professionals|
|ICICI Bank Salary Account Holder, Customers having asset relationship with ICICI Bank (availed Home Loan, Car Loan and/or Auto Loan), Salaried customers with ICICI Bank Savings Account or
Salaried customer having no relationship with ICICI Bank
|Minimum 1 Year liability relationship (current or savings account) or asset (loan) relationship, either live or closed in the last 6 months.|
|Years in total job / profession||2 Years||3 years for Doctors & 5 years for others|
|List of documents for Salaried:||List of documents for Self-Employed:|
Prepayment of loan: Yes, you can prepay the entire loan outstanding anytime after paying 6 installments.
How much time will it take for my loan to be approved?
Loans are approved within 72 hours of submission of complete documentation.
Available Products of ICICI Bank are:
• ICICI Personal Loan
• ICICI Home Loan
• ICICI Car Loan
• ICICI Credit Card
• ICICI NRI Home Loans