|Minimum income credited to the Salary A/C||30k+|
|Age of applicant||23 years to 58 years|
|Vintage of employment||Minimum of 12 months|
|Personal Loan amount disbursed||₹ 1lakhs to ₹ 40 lakhs|
|Rate of Interest @reducing balance||10.5% - 17%|
|Processing fees as per loan amount.||nil to 2.5%|
|Tenure applicable from||12 month to 60 months|
|Loan amount||₹1 lakhs|
|Rate of Interest.||12%@ reducing balance|
|Flat per annum||6.49%|
|Processing fees 1%||₹2000/-|
With the representative APR of 11.25% of a personal loan for ₹ 2 lakhs to be repaid over 60 months, the EMI will be ₹ 4373.46 per month for the entire tenure.
A Personal loan from ICICI bank is funds issued as a Loan to an applicant solely on the basis of the profile and documents provided therein without any security or guarantees.
Funds received via a Personal Loan are meant for personal usages only and not for investment or business purpose.
The Loan amount issued to an applicant is as per the eligibility criterion of ICICI Bank, keeping in mind the income and obligations.
A CIBIL enquiry is mandatory before further processing of a Personal loan request from ICICI Bank. The CIBIL rating and history will be checked.
The Bank might consider approving some amount if the repayment history of the applicant has one odd hiccup and has other good repayment tracks.
The applicant can re apply for a Personal Loan a month after the request has been rejected: it is prudent to assess the reason before reapplying.
A salary account with any registered Bank is needed, it is not necessary to have an account with ICICI Bank to apply for a Personal Loan.
If the profile of the applicant and the company meets the eligibility criteria of ICICI Bank the applicant is eligible to apply.
The time taken to process a Personal loan from ICICI Bank is 3 to 5 working days, from the time the documents are submitted till the Loan amount is disbursed.
The income documents with an updated KYC are required by the Bank to calculate the eligibility of the applicant, the Bank statement of ICICI account holders need not be submitted.
It is always a good practise to sign the application form, self attest and verify all the documents submitted to avoid undue delays in processing your Personal loan.
The terms and conditions of the Personal Loan will be mentioned in the Personal loan agreement to be signed post approval of the Personal Loan.
Once the terms and conditions are accepted and the agreement signed, the loan amount will be transferred to the applicants account via ECS.
The monthly installment will be deducted from the Bank account of the applicant on a predetermined date of every month as per the Tenure applied.
Apply with us www.yourloanadvisors.com in the comfort of your own premises we ensure you the Doorstep delivery of your Personal Loan.