Easily Apply Personal Loan For ICICI Bank And Get Rid Of All Financial Issues

ICICI Bank Personal Loan can be used for any personal loan, and fast processing of loans comes along with this. The financial market has many loan lenders, and ICICI Bank is considered to be one of the best personal loans in India. One of the major reasons for being so popular is that it does not need any kind of collateral or guarantor, it is an unsecured loan. The personal loan from ICICI Bank comes with a flexible repayment period, starting from 1 year to 5 years.

With ICICI Personal Loan, a high loan amount of up to Rs.20 lakhs can be acquired. The budget-friendly interest rate ranges from 11.25% p.a. to 22.00% p.a. ICICI Banks provides a range of personalized services that include prepayment of loans.

ICICI Personal Loan Characteristics

• ICICI Personal loan approval is hassle-free.

• A loan seeker may apply for an ICICI personal loan online.

• You can get your ICICI personal loan with a few taps.

• High loan amounts of up to Rs. 20 lakhs can be used by ICICI bank.

• A loan seeker may get a low-interest rate on a personal loan from ICICI.

• A flexible term for a loan starts from 12 months to 60 months.

• The loan from ICICI comes at a low-interest rate that begins at 11.25 percent (may vary depending on the profile of the applicant).

Personal Loan EMI Calculator for ICICI Bank

• It makes the calculation of EMI easy and fast

By just filling in the few simple details of the loan, the ICICI Bank Personal Loan EMI Calculator allows the user to get the exact EMI amount he/she wants to be paid monthly to repay the loan.

• Helps to prepare the funds well

It also represents the monthly EMI and interest rate when you put the loan information in the EMI calculator form, which helps to forecast and schedule the funding over a longer period.

ICICI Bank Calculator for Personal Loan Eligibility

Eligibility and EMI will largely affect the provided loan amount. With an online, cost-free ICICI personal loan eligibility calculator, you can easily verify your loan eligibility. Several factors can affect personal loan eligibility, such as credit score, previous loans, monthly income, income consistency, etc., as stated above. The repayment ability of the borrower is one of the influential requirements. It takes a few minutes to give you the outcome (whether one is eligible for the personal loan or not).

Eligibility to use Personal Loan Facilities for ICICI

Depending on many variables, such as loan type, income, and many others, the ICICI personal loan eligibility requirements differ, but the generic criteria are listed below:

An applicant should be 23 years of age and not over 58 years of age. If a borrower is a resident of Delhi & Mumbai, then the minimum monthly income should be Rs.17, 500.

Applicant should have a minimum of 2 years of working experience in the current organization.

ICICI Bank Online Loan Management Characteristic

You can easily handle and verify the personal loan status of the ICICI bank with ICICI online loan processing by simply sitting at home.

Required Documents

Generally, ICICI Personal Loan includes simple KYC documents and income proof, here are those:

List of Salaried Applicant documents

• Identity Card

• Address Proof

• Bank Statement for the last 3 months

• Wage bills for the past 3 months.

• 2 Passport Images

List of Self-Employed documents

• KYC records (Identity Card, Address Proof & Birth Certificate)

• Proof of Office Address

• Bank Statement for the last 6 months

• Wage bills for the past 3 months

• Demonstration of stability of the business

The Conclusion:

Applying for ICICI bank personal loan online can be your best choice as it comes in handy with low transaction fees and limited paperwork at a low-interest rate. It is also advisable, however, to read the terms and conditions of the loan carefully before applying for it.