ICICI Bank Personal Loan - description of the lender

Loan ammount

Rs. 50,000 - Rs. 4,000,000

Loan term

1 - 5 years

Company

ICICI Bank is the second largest bank in India by assets and by market capitalization. ICICI Bank India offers instant personal loans for a wide range of your personal needs at attractive interest rates.

APR

10,99% - 17,99%

Representative example

Sample Personal Loan Calculation: Amount Rs. 1,000,000, Tenure: 60 Months, Processing Fee: Rs. 50,000, Monthly EMI: ` 21,737, Processing Fees: 1.25%, APR: 10.99%

NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

Age restriction

At least 23 years old and less than 65 years old.

Requirements

- At least 23 years old;
- Less than 65 years old;
- Salaried / Self Employed with regular income;
- Earn more than the minimum income required (minimum income required Rs.15,000 per month)

Required documents

1. Signed application form with photograph
2. Copy of passport/voter ID card/driving license 3. Processing fee cheque 4. Salaried: Latest 3 months Bank Statement (where salary/income is credited). Self Employed: Latest 6 months Bank statement.
5. Documentation for salaried applicants: Salary slips for last 3 months.
6. Documentation for self-employed applicants: Income proof (audited financials for the last two years).

Guarantor Requirement: No guarantor required

Fees

- Processing Fees: Rs.1499 + applicable tax to 2.25% of the loan amount.
- Pre-closure Charges Preclosure permitted after 6 months. 5% of principal outstanding (plus GST).

(7 votes)	Minimum loan amount Rs. 65,000 Maximum loan amount Rs. 3,000,000	Minimum loan term 1 year Maximum loan term 6 years	Interest Rate 10,99% - 33%	Minimum age 21 years	Loan granting Good	Online application	Full description bankbazaar.com Requirements: - At least 21 years old; - Less than 65 years old; - Salaried with regular income; - Earn more than the minimum income required.
Compare Personal Loans from 30+ banks Representative example 1 (excluding service tax and other statutory government levies): Amount Rs. 20 Lac, Tenure: 4 Years(48 Months), Processing Fee: Rs. 50,000, EMI: Rs. 54,143, APR: 13.49% (Fixed, monthly reducing). Representative example 2: Amount Rs. 1,000,000, Tenure: 60 Months, Processing Fee: Rs. 50,000, Monthly EMI: ` 21,737, Processing Fees: 1.25%, APR: 10.99%. NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.
(8 votes)	Minimum loan amount Rs. 65,000 Maximum loan amount Rs. 2,000,000	Minimum loan term 1 year Maximum loan term 4 years	Interest Rate 11,99% - 23,99%	Minimum age 21 years	Loan granting Good	Online application	Full description fullertonapply... Requirements: - At least 21 years old; - Less than 65 years old; - Salaried with regular income; - Earn more than the minimum income required (Rs.12,000 per month)
Representative example (excluding service tax and other statutory government levies): Amount Rs. 20 Lac, Tenure: 4 Years(48 Months), Processing Fee: Rs. 50,000, EMI: Rs. 54,143, APR: 13.49% (Fixed, monthly reducing) NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.
(11 votes)	Minimum loan amount Rs. 50,000 Maximum loan amount Rs. 4,000,000	Minimum loan term 1 year Maximum loan term 5 years	Interest Rate 10,99% - 17,99%	Minimum age 23 years	Loan granting Good	Online application	Full description m-icicibank.com Requirements: - At least 23 years old; - Less than 65 years old; - Salaried / Self Employed with regular income; - Earn more than the minimum income required (minimum income required Rs.15,000 per month)
Representative example: Amount Rs. 1,000,000, Tenure: 60 Months, Processing Fee: Rs. 50,000, Monthly EMI: ` 21,737, Processing Fees: 1.25%, APR: 10.99% NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.