Use of the ICICI Bank Personal Loan can be House renovation, Holidays, Purchase of consumer durables, Education, Marriage, Short Term loan for equipment purchase, Short Term Working Capital, Any other personal emergency. Dreaming of a vacation, a perfect wedding, home renovation or a much desired gadget, you no longer need to wait to realize your dreams. Make life picture perfect with ICICI Bank Personal Loans.
LoanMoney help you to embark on your dream at the right time with ICICI Bank Personal Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.
Get a Personal Loan without any security or guarantor with minimum documentation. Loan Disbursement within 72 hours of document submission.
End use of the ICICI Bank Personal Loan can be House renovation, Holidays, Purchase of consumer durables, Education, Marriage, Short Term loan for equipment purchase, Short Term Working Capital, Any other personal emergency. read more...
Eligibility for ICICI Bank Personal Loan
Documents required for ICICI Bank Personal Loan
ICICI Personal Loan Interest Rates are extremely competitive. The bank uses MCLR and Base Rates to determine the final interest. The new benchmark adopted by the bank, MCLR, reflects current financial conditions. Existing borrowers can choose to move to the method of using MCLR and all new borrowers are charged interest based on MCLR, automatically.
Service charges:-Prepayment of the loan is possible after 180 days of availing the loan.Prepayment charges as applicable would be levied on the outstanding loan. Part prepayment facility on the loan is not available. read more...
What are the minimum and maximum loan amounts?
You can avail of loans ranging from Rs 50,000/- to Rs 15,00,000/- depending on your eligibility, income and repayment capacity.
What are the loan tenure options?
The loan can be repaid over a period of 12 to 48 months.
Are there any additional charges?
A processing fee of 2% or 3% depending on the location, of the loan amount is payable upfront. This fee will be deducted from the disbursal amount payable to you.
How much time will it take for my loan to be approved?
Loans are approved within 72 hours of submission of complete documentation.
Do I have to provide any security, collateral or guarantors?
No security, collateral or guarantors are required for obtaining Personal Loans.
How do I repay the loan?
You can repay the loan in Equated Monthly Installments (EMI's) through post-dated cheques favouring ICICI Bank Limited, or if you have an ICICI Bank account you can mandate us to directly debit the same. read more...
MCLR of ICICI Bank reduces Marginal Cost of funds based Lending Rate (“MCLR”) by 0.70%
January 03, 2017
Mumbai: ICICI Bank has announced a reduction of 0.70% in I-MCLR benchmarks across tenures. The revised I-MCLR benchmarks effective from January 3, 2017 are provided below:
|Benchmark tenure||Benchmark name||Benchmark rate p.a.|
Wazirpur | Vishwas Nagar | Vikaspuri | Tri Nagar | Timarpur | Tilak Nagar | Shalimar Bagh | Shakur Basti | Shahdara | Sadar Bazar | Rohini | R K Puram | Rajouri Garden | Rajendra Nagar | Patparganj | Patel Nagar | Okhla | New Delhi | Narela | Nangloi Jat | Najafgarh | Model Town | Mehrauli | Matia Mahal | Malviya Nagar | Madipur | Laxmi Nagar | Krishna Nagar | Kasturba Nagar | Karol Bagh | Kalkaji | Jangpura | Janakpuri | Hari Nagar | Greater Kailash | Gandhi Nagar | Dwarka | Deoli | Delhi Cantt | Chhatarpur | Chandni Chowk | Burari | Bijwasan | Bawana | Ballimaran | Badli | Badarpur | Babarpur | Ambedkar Nagar | Adarsh Nagar | Ghonda | Karwal Nagar | Kirari | Kondli | Mangolpuri | Matiala | Moti Nagar | Mundka | Mustafabad | Palam | Rithala | Rohtas Nagar | Sangam Vihar | Seelampur | Seema Puri | Sultanpur Majra | Trilokpuri | Tughlakabad | Uttam Nagar
ICICI Bank is India's largest private sector bank with total assets of Rs. 6,461.29 billion (US$ 103 billion) at March 31, 2015 and profit after tax Rs. 111.75 billion (US$ 1,788 million) for the year ended March 31, 2015. ICICI Bank currently has a network of 4,050 Branches and 13,082 ATM's across India.
ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI) , an Indian financial institution, as a wholly owned subsidiary in 1994. The parent company was formed in 1955 as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry.
The bank was initially known as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to the abbreviated ICICI Bank. The parent company was later merged with the bank.