If you're dreaming of a vacation, a grand wedding for your girl, or home renovation and want finances? Then there's no different simple and real method of obtaining the required cash than taking a loan.
Salaried people, freelance people, and dealing professionals take ICICI bank personal loans. ICICI bank offers personal loans with a versatile tenure, low-interest rates, and better loan quantity facility, all that a private loan seeker would need in an exceeding loan theme.
Here are the Charges and the Loan Amount
Personal Loan Interest Rates- 5% to 19% per annum
Loan Processing Charges - Upto 2.25% of the loan amount plus GST
Prepayment Charges - 5% on principal
Additional Interest on late payment- 24% per annum
Repayment Mode Swap Charges -? 500/- per transaction plus GST
Loan Cancellation Charges -? 3000/- plus GST
EMI Bounce Charges -? 400/- per bounce plus GST
Features of ICICI Bank Personal Loan
Quick Loan Disbursal: ICICI Bank guarantees to credit the specified loan quantity in your account among an amount as short as three seconds. This feature is supplied for chosen customers upon completion of online verification and acceptance of the ultimate offer
Loan amount: ICICI Bank personal loan amount is up to Rs. 20 lakhs with versatile end-use. All one must do is apply online or visit any close branch to urge their application processed
Fixed Interest Rate: ICICI consumer loan Interest rates begin from eleven.25% p.a.
Minimal Documentation: The application method is hassle-free and needs the least documentation, therefore creating it very straightforward and convenient for people World Health Organization want to use
Flexible Loan Tenure: The loan tenure ranges from twelve months to sixty months. Customers have the choice to settle on the loan tenure in keeping with their feasibleness
Personal Loan Balance Transfer: With ICICI Bank,you'll be able to additionally choose consumer loan Balance Transfer whereby anyone can scale back their EMIs by transferring their existing high-interest consumer loan to ICICI bank at a lower rate.
Due to these features, ICICI easily provides one of the best personal loan in India.
The Eligibility Criteria
Salaried People Criteria
Age 23 years - 58 years.
Net Salary -Salaried individuals with minimum monthly income Rs.30,000
Total years in job/profession 2 Years
Years in current residence 1 Year
Self Employed Criteria
Age 28 years to Maximum age - 65 years
Minimum Turnover
40 lakh for non-professionals; Rs. 15 lac for professionals Minimum Profit After Tax- Rs. 2 lac for Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials
Business Stability In current business for at least 5 years and minimum 3 years for doctors
Existing relationship with ICICI Bank Minimum - 1-year liability relationship
Personalized Loan Offer: ICICI Bank believes that for variable desires, customers need made-to-order personal loans which can suit their monthly expenses and reimbursement amount
Lowest EMI: ICICI Bank consumer loan offers the lowest EMI of? a pair of,187 on a loan quantity of? one 100000, which has all major fees for the authorization
Low process fees: ICICI Bank levies solely a pair of the complete loan quantity because the processing fee
Balance Transfer and Top-up: ICICI Bank provides you a chance to transfer your existing high-cost loan to ICICI at a lower rate of interest.
Required Documents
Proof of Identity - Passport, Driving License, Voters ID, PAN Card
Proof of Residence: Leave and License Agreement, Utility Bill (not more than 3 months old)
You’ll receive offers as per the possibilities of approval.
select a prospective loan.
Complete and submit your application on-line.
Conclusion
Here square measure a number of the compelling reasons why you ought to pick a private loan for ICICI bank whenever you would like a private loan- you'll be able to use the non-public loan ICICI quantity just about for any purpose. No queries asked! With ICICI online, you'll be able to have a versatile consumer loan tenure to fit your would like, up to sixty months you'll be able to pick fastened consumer loan interest rates in ICICI.
The ICICI bank consumer loan rate of interest is going to be charged on a monthly reducing basis. you'll not be asked to pledge collateral against the non-public loan for ICICI bank With the non-public loan ICICI, you will come upon multiple choices like auto-debit, PDC, or ECS for automatic payment of EMI on any given month. With ICICI online, you'll be able to check your ICICI bank personal loan standing at each stage of the approval method.