ICICI Bank Personal Loan for Medical Expense in Delhi NCR through LoanMoney

About ICICI Bank Personal Loan for Medical Expense

Healthcare in these times is very expensive and not everyone can afford to have a health insurance plan that protects them from all the Medical uncertainties in life. It is the time to take Personal Loan from ICICI Bank for Medical purpose through LoanMoney. These Medical Loan can be used to pay for Medical expenses including hospitalisation bills, Medical prescription bills, surgeries such as angioplasty, bypass surgery, chemotherapy and others similar treatments. Medical emergencies are unpleasant but life is unpredictable. In your time of need, LoanMoney provides you with a Personal Loan for Medical expenses that will help you deal with the unexpected blow. The ICICI Bank Personal Loan for Medical purposes covers doctors fees, medicine bills, hospital stay, procedure and surgery, and other charges. 

The major advantage of the getting ICICI Bank Personal Loan for Medical expenses through LoanMoney is that the amount gets credited into the borrower’s account in the quickest possible time. The same requires a minimum documentation and hence the borrower does not have to run here and there. The borrower can save such timing to take care of the patient. All you need is a good credit history in terms of financial transactions and a good CIBIL Score 750 - 900. 

Features and Benefits of ICICI Bank Personal Loan

Get a Personal Loan without any security or guarantor with minimum documentation. Loan Disbursement within 72 hours of document submission.

• Interest rate remains unchanged throughout the Loan tenure
• Simple documentation - It can be accessed with minimal paperwork and documentation and doesn’t take much time.
• Quick processing.
• Direct credit of the Loan amount through Fund Transfer (FT) 

Eligibility and Documentation Required for ICICI Bank Personal Loan

The eligibility criteria to avail Personal Loan from ICICI Bank Personal Loan:

• Salaried individuals
• Self-employed professionals including businessman, doctors, chartered accountants, etc. 

ICICI Personal Loan eligibility varies in case of salaried and self-employed individuals. Therefore, based upon your employment type, you can check your eligibility for ICICI Bank Personal Loans. 

Eligibility criteria Salaried Individuals:

If the applicant is a salaried individual then the following eligibility criteria will apply: 

• The person applying for a Personal Loan from ICICI Bank must be of a minimum age of 23 years and a maximum age of 58 years.
• The person must have a monthly income of Rs.17, 500 or more.
• If the person resides in Delhi or Mumbai then they must have a minimum monthly income of Rs.25000 per month.
• If the person is a resident of Bangalore, Chennai, Hyderabad, Kolkata or Pune then they must have a minimum monthly income of Rs. 20,000 per month.
• The applicant must have a total of 2 or more years of work experience.
• They should also have a minimum of 1 year of work experience with the current employer 

Eligibility Criteria for Self Employed Individuals and Working Professionals:

If the applicant is self-employed then the eligibility criteria for an ICICI Personal Loan will be as follows: 

• The minimum age for self-employed individuals is 28 years old and the maximum age is 65 years.
• In case the applicant is a doctor then the minimum age is 25 years.
• The minimum turnover of the business of the applicant must be, as per audited financial statements, Rs. 40 lakhs in case of non- professionals and Rs. 15 lakhs in case of professionals.
• The minimum profit after tax should be Rs. 2 lakhs for self-employed individuals and proprietors while for non-professionals it has to be a minimum of Rs.1 lakh.
• The person applying for the Loan has to have been in the current business for a minimum of 5 years. In the case of doctors, they need to have been in business for at least 3 years.
• The applicant also needs to have had a relationship with ICICI Bank for a minimum of 1 year. This could be in the form of a savings or current account or even in the form of a Loan that is still being paid or was completed within the preceding 36 months. 

Documentation Required for ICICI Bank Personal Loan

List of documents for Salaried:

• Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
• Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
• Latest 3 months Bank Statement (where salary/income is credited).
• Salary slips for last 3 months.
• 2 Passport Size photographs.
• Proof of residence or office ownership.
• Proof of continuity of business 

List of documents for Self-Employed:

• KYC Documents: Proof of Identity; Address proof; DOB proof.
• Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
• Income proof (audited financials for the last two years).
• Latest 6 months Bank statement.
• Office address proof. 

ICICI Bank Personal Loan Interest Rates

Interest rates charged by ICICI Bank depend on factors like the borrower’s repayment capacity and purpose for funds and are some of the most competitive rates in India. 

ICICI Bank offers the option of repaying a Personal Loan through flexible EMIs, ensuring that repayment doesn’t become an additional financial burden. 

Why choose LoanMoney for taking Medical purpose Personal Loan from ICICI Bank

Easily Available – Getting ICICI Bank Personal Loan for Medical purpose is not a tough task. ICICI Bank Personal Loan is offered at reasonable interest rates and it is easy and convenient to get Medical Loan from ICICI Bank in comparison get Personal Loan from other Banks or NBFCs.

No Agent or Middleman Charges– In order to get Medical Loan from ICICI Bank, you do not have to pay any agent or middleman charges. LoanMoney as your Loan Agency help you to avoid unnecessary delays and expenses.

Unsecured Loan –ICICI Bank Personal Loan is an unsecured Loan. There is no collateral security required in order to get this Medical Loan from ICICI Bank. All that is required is your ability to pay back the money. You are not required to mortgage any of your assets or provide for any kind of guarantee. LoanMoney will try it best to ensure that ICICI Bank become sure of your re-payment ability and ICICI Bank will process the Loan. 

Less Processing Time – LoanMoney guarantees that the processing time involved in getting Medical Loan from ICICI Bank is very less.

Minimum Paperwork – LoanMoney ensures that getting a Medical Loan from ICICI Bank does not require verification of any asset or any other kind of proofs and certificates that involve a lot of paperwork. 

Schemes and Offers – LoanMoney keeps you updated with special schemes and offers of ICICI Bank for professionals like Chartered Accountants, Doctors and Architects etc. 

All you need to do is visit LoanMoney.in and fill an enquiry form. You can also drop a mail to info@LoanMoney.in or call to +91-8130 222 111. A LoanMoney representative will get in touch with you and collect your documents from your doorstep.