Loading...
Loading...

Start with icici bank in few steps

Please Enter your mobile number and name to generate OTP

icici bank

Loading...
By submitting this form, you have read and agree to the Credit Report Terms of Use, Terms of Use & Privacy Policy
Product Rating

4.5 /5

Total - 384 ratings

5
248
4
103
3
17
2
11
1
5

Mode of Process

Mail

Location

PAN India

Lending Size and Tenure

1 Lac-100L (12M to 60 M)

ROI

11.25%-21%

ROI (Fixed/Reducing)

Reducing

Processing Fees

2.25%

Foreclosure

After 6 Month with applicable Fees

Partial Payment Allowance

No

Dealing in Unsecured OD

No

USP

Funding to NRI

Note: ICICI don’t Do funding to Proprietorship/Partnership/LLP Firm Employee

One of the most convenient personal loan offers by ICICI Bank is the online personal loan that can be applied for and approved within 24 hours. The quick approval process of a personal loan makes it convenient for the customers to arrange their finances in a short span of time. This enables them to meet their day-to-day expenses, wedding or travel plans, and other emergencies. Other than the quick approval, there are features such as waived processing fees and flexible repayment tenure that make it an attractive scheme for all classes of customers.

Here are a few factors about ICICI Personal Loans

Mode of Process

Mail

Location

PAN India

Lending Size and Tenure

1 Lac-100L (12M to 60 M)

ROI

11.25%-21%

ROI (Fixed/Reducing)

Reducing

Processing Fees

2.25%

Foreclosure

After 6 Month with applicable Fees

Partial Payment Allowance

No

Dealing in Unsecured OD

No

USP

Funding to NRI

Note: ICICI don’t Do funding to Proprietorship/Partnership/LLP Firm Employee

Negative Profile for ICICI Bank Personal Loans

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

Jewelers

MCD 4th Grade

Real Estate and NGOs

Politician

Mandir/Masjid/Gurudwara/

church

Company which are in Liquidation or in BIFR

 

Eligibility 

Documents Required 

  • The age of the applicant should be between 23 to 60
  • The min. salary of the applicant should be 40K Listed, 75K Other
  • The min. Employment should be 6 months in the Same Company
  • Minimum CIBIL score has to be 700

 
  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)
  • Last 3 Month Salary Bank Statement in PDF of another saving account 
  • Last 3 Month Salary Slip 
  • Ownership Proof Latest Utility Bill (If rented then rent agreement)
  • Last 2 year’s Form 16 
  • Last 2 Year ITR if Filled
  • Copy of Cancel Cheque of Salary Account or Passbook front page
  • Company ID (If not available then Office Mail ID & Land Line Number)
  • Copy of Appointment Letter
  • All Running Loan Sanction letter with the repayment schedule

Let us take an example, How EMI is being calculated


For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T&C apply.

Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%

FREQUENTLY ASKED QUESTIONS

Have a question? We've got answers!

A personal loan is an unsecured loan that you can get from a bank or financial organization to help you meet your financial obligations

You can apply for an ICICI personal loan from ReferLoan’s website. You just need to visit our website and choose the ICICI personal loan from the dropdown menu. Then you need to fill in your mobile number and OTP to start with the application process.

ICICI Bank allows foreclosure of the personal loan at any time during the loan tenure after at least one installment is paid by the borrower. You have to pay 3% of the loan amount that is outstanding after the payment of the EMIs, along with taxes, before closing your loan as preclosure charges.

You will have to pay ICICI bank personal loan monthly with the salary you would be getting from your employer or whatever you earn.

For availing of ICICI and personal loans, it is not mandated to have a security or a guarantor. Personal loans are provided to defined categories of salaried and self-employed individuals. You do not need to reveal to the bank the reason for taking the loan.

faqImg