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    We found 1 ICICI Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
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    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    ICICI Personal Loan Eligibility Calculator is Rated as "Great!" by 16337 Users

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    ICICI Personal Loan Eligibility Calculator

    About ICICI Bank Personal Loan

    ICICI Bank has designed its personal loans to be totally flexible and customizable for you to use as you see fit. Whether it’s a marriage in the family, an overdue holiday, purchasing an expensive asset, meeting medical expenses or even funding your child’s education – ICICI banks personal loans have got you covered. With low interest rates and easy application processing, ICICI Bank’s personal loans are among the best in the market right now.

    ICICI Personal Loan Eligibility for Salaried and Self-Employed Applicants

    Particulars Salaried Self-Employed
    Age(Min-Max) 23 - 58 years 28 - 65 years. 25 years minimum age for Doctors.
    Minimum Income Rs.17,500 p.m. Rs.25,000 p.m. for applicants residing in Delhi and Mumbai. Rs.20,000 p.m. for applicants residing in Hyderabad, Chennai, Kolkata, Bangalore and Pune. Rs.40 Lakh for non-professionals. Rs.15 Lakh for professionals.
    Co-applicant Not required Not required
    Loan Tenure 12 - 60 months 12 - 60 months
    Maximum Loan Amount Rs.20 Lakh Rs.30 Lakh for self-employed. Rs.40 Lakh for Doctors.
    Employment/Business Continuity 2 years in current job 5 years in current business. 3 years of practice for Doctors.
    Continued Relationship with ICICI Not mandatory 1 year of liability (current or savings account) or Asset relationship (loan).
    Apply for Personal Loan

    ICICI Bank can offer a personal loan to self-employed persons under “Business Instalment Loan”.

    Factors affecting Eligibility of ICICI Bank Personal Loans

    Your personal loan eligibility is directly linked to your credit-worthiness, financial standing, and (perceived) ability to repay the loan. Here are some factors that affect your ICICI personal loan eligibility :

    • Income. ICICI bank requires your income information to gauge how much of it you’ll be able to divert towards EMI payments. Generally, they don’t sanction loans whose EMIs will take a chunk larger than 50% of your monthly income. Higher your income, higher your loan amount – higher your chances of getting it approved.
    • Employment status. Applicants who’ve stayed at a company for a long time are more eligible as they will probably stay there for longer. Young salaried people take a few years to find a comfortable job that meets all their needs, this inconsistency reduces eligibility.
    • Type of employment. Salaried applicants get regular incomes on fixed dates and can have EMIs deducted directly from their salary accounts. Self-employed people must rely on market conditions and the demand for their products in order to earn an income. This is an inconsistent income that may sometimes not even be enough to meet the EMI payment requirement. Therefore, salaried employees and professionals are viewed more favorably.
    • Your age. Jumping jobs and exploiting opportunities while you’re young may be good for personal career growth, but is viewed as unstable behavior by ICICI bank. Older applicants are viewed as more stable candidates.
    • City of residence. Getting a loan sanctioned in metro cities is easier than in other cities. ICICI Bank requires you to have a higher salary if you apply for a personal loan from Bangalore, Delhi, Mumbai, Kolkata, etc., but sanctions loans more easily here.
    • Total years lived in location of application. How long you’ve been living and working in the location from which you’re applying for a loan has a huge impact on your eligibility. The longer you’ve been living in a certain place, the higher are the chances of getting a personal loan approved on your terms. ICICI Bank will give more preference to applicants who’ve lived in the city for longer.
    • Residence type. Applicants living in self-owned residences are more eligible for an ICICI Bank personal loan as the bank will have a set location to find them in case they default, and because there’s no part of their income being spent on rent. Applicants in rented houses must pay a part of their salary as rent, lowering the disposable income left over to pay EMIs. Also, it’s easier for a person living in a rented place to abscond in case they feel they cannot keep up with EMI payments.

    How CIBIL score affects your ICICI Bank Personal Loan Eligibility?

    A CIBIL score that’s over 750 will merely make you eligible, but scores closer to 900 will increase ICICI Bank’s confidence in your ability to repay your loan. Your previous loan and credit card repayment history will also play an important role in showing that you can and will repay your personal loan.

    If you’ve been unable to repay your previous loan and have arranged for a settlement with the bank, ICICI will consider this to be a negative mark and will reduce your loan eligibility.

    Your CIBIL credit report also contains details of the types of loans you’ve taken in the past. A ratio that shows you’ve taken more secured loans than unsecured loans increases your overall eligibility.

    How to increase ICICI Bank Personal Loan Eligibility?

    • Maintain a clean credit history. Whether its loans or credit cards, all outstanding debt must be cleared off on the terms you’ve taken it.
    • Lower EMIs on existing loans. A large factor that affects your eligibility is whether you’re already making EMI payments on another loan. Taking loans for longer tenures lowers the monthly EMI amount. Lower EMI amounts each month mean that you’ll have more disposable funds which can be redirected towards your new EMI payment.
    • Prepayment. It’s a smart move to pay off your existing loans before taking on a new one. A lump sum prepayment will settle your existing loan, increasing your eligibility for your new ICICI Bank personal loan, if you’re in a hurry to close the old one.
    • Maintain a good mix of secured and unsecured loans. Secured loans are looked at more favorably.
    • Don’t over-leverage yourself. Paying off 2-3 EMIs for different loans every month is a task in itself. Adding another EMI to the mix is a headache that you can do without, and the banks think so too as they will not allow you to over-leverage yourself.

    FAQs regarding personal loans from ICICI Bank

    Q. What are the age limits for individuals who wish to get a personal loan from ICICI Bank?

    A. For salaried individuals: Applicants must be between 23 and 58 years of age.

    For self-employed and salaried professionals: Applicants must be between 28 years (for self-employed people) and 25 years (for doctors) – 65 years.

    Q. What is the level of work experience required for an ICICI Bank personal loan?

    A. Salaried applicants are required to have been in their current role for at least 1 year, with a total of 2 years of work experience. Minimum of 5 years in current business for self-employed applicants, and minimum of 3 years for doctors.

    Q. What is the income requirement for people who wish to take a ICICI Bank personal loan?

    A. For salaried individuals: Applicants residing in Mumbai and Delhi – Rs.25,000 per month. Applicants residing in Chennai, Bangalore, Pune, Hyderabad and Kolkata – Rs.20,000 per month. For applicants from any other location in India – Rs.17,500 per month.

    For self-employed and salaried professionals: A minimum turnover of Rs.40,00,000 for non-professionals, and Rs.15,00,000 for professionals and minimum profits after tax of Rs.2,00,000 for proprietorship firms and self-employed people, and Rs.1,00,000 for non-professionals.

    Q. Is there a collateral or guarantor required for ICICI Bank personal loans?

    A. No, there is no security, collateral or guarantor required to avail a personal loan from ICICI Bank.

    Q. What is the maximum loan amount that can be sanctioned through ICICI Bank personal loans?

    A.The maximum loan amount allowed is Rs.20,00,000 (Rs.20 lakhs).

    Personal Loan Reviews

    • ICICI Bank Personal Loan
      "Best banking"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with ICICI bank.The loan amount is 2 lakhs,rate of interest is good compared to others.They have deducted processing fees of Rs5300,submitted documents to process the request.Net banking and mobile App is fine.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 12, 2017
    • ICICI Bank Personal Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with ICICI bank for a loan amount of seven lakhs.Rate of interest is 10% low as compared to other banks.They had immediately processed the request within a week post submitting documents. I would end up saying that it was great dealing with them.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with ICICI bank.The loan amount is two lakhs,rate of interest is 15.99% nominal as compared to others.They had processed the request within 10 days.The executives collected documents from my place.They have deducted processing fees of Rs 9000.
      Was this review helpful? 2
      , jaipur
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with ICICI bank.The loan amount is 1.70 lakhs,Rate of interest is 16% high compared to others,its been two months since i have taken the loan,they have deducted processing fees from the loan amount,i have submitted documents to process the loan.
      Was this review helpful? 1
      , ernakulam
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have closed the personal loan with the ICICI bank and the interest rate was not really made me happy . I would like to say that the customer service was good one with the ICICI bank. I am happy with the ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with ICICI bank 3 years back. The loan amount was 2.5 lakhs and the interest rate was 2.5 lakhs . The tenure period was 17-18% which was very high than other banks in the market . It was a lengthy process and the processing fee was also high . Here the pre closer is after 1 year and My overall experience was not bad.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan with ICICI bank.the loan mount is 90,000,rate of interest is 16-17% nominal as compared to other banks.I have submitted documents and they have processed within a week.The response of the executives are good and prompt.
      Was this review helpful? 0
      , dwarka
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      ICICI Bank personal loan service was good ,the process was very fast. The customer support was good and they offered me a credit limit of 8.99 which was nominal compared to the market value and the documents have been collected from my door step from ICICI Bank personal loan department.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with icici personal loan service ,they offered me a higher interest rate compared to the market value which was 17.99% ,and they collected all my documents from my work place which was a easy process ,it was a good service from icici personal loan service.
      Was this review helpful? 0
      , ernakulam
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The documents process was very easy from icici personal loan department they collected from my door step and they said it will be a paperless process still they ask with some hard copy it was little disappointed for me. The customer support was prompt it was a good experience with icici personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The Icici personal loan service was really good,the rate of interest they offered me was 13.99 pretty high compared to the market value ,the documents were collected from my door step it was a good experience which I had received on ICICI personal loan department.
      Was this review helpful? 0
      , delhi
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a very good customer support from icici personal loan department ,the rate of interest was 14.99 which was little high compare to others in the market ,the documents have been collected from my door step it was a good experience with icici personal loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest offered by icici personal loan department was 17.99 which was high compared to others in the market ,also the process was also delayed as they took five days to process the loan request. The documents were collected from my door step it was a average service that I received from ICICI personal loan department.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with ICICI Bank. The loan amount was 1 lakh and the interest rate was 15.99% which was not high . The EMI period was 12 months. Here the online process was smooth and quick but offline process was bit lengthy . The processing fee was 2,655 which was nominal.
      Was this review helpful? 1
      , vadodara
      Reviewed on Dec 09, 2017
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      ICICI personal loan service was good ,the rate of interest was nominal compared to the market value.compared to others in the market. The documentation part was easy they collected the documents from my door step, it was a excellent service from ICICI bank personal loan department.
      Was this review helpful? 1
      , indore
      Reviewed on Dec 08, 2017
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 3.5/5 "Pretty good"
      It was a good personal loan experience with ICICI bank and i am satisfied with the services which they provided. The process was quite long, it took 1 month for the loan amount to get approved. Documents were collected door step but the verification took long time. Customer service was good and they responded on time. I have to pay an EMI of Rs 9926 and the rate of interest of 11.49% is nominal when compared to other banks.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 08, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from ICICI bank, my loan application was approved but the requested amount was not disbursed. I have requested for Rs 10 lakhs but they approved only for 5.74 lakhs. The processing fees was 1.25% of the amount. Customer service was good and they responded on time, documents were collected door step. The only problem i found is, initially they said the interest rate will be variable but after the loan was approved they gave flat interest rate of 14.99% which is nominal comparatively. They also gave the insurance which i did not opt for and there was no proper intimation from them.
      Was this review helpful? 0
      , hospet
      Reviewed on Dec 08, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My personal loan application was approved with ICICI bank and the experience was not that good. The process was quite long, it took 15-20 days for the loan amount to get approved. Customer service was good and they responded on time, documents were collected door step. The rate of interest is 16.99% and its a nominal one.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a very nice experience taking a personal loan with ICICI bank, the process was very quick, it took 7 days for the loan amount to get disbursed. Customer service was good, they provided door step service for collecting the documents. The rate of interest of 15.99% is nominal when compared to other sources.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 08, 2017
    • ICICI Bank Personal Loan
      "Interest rate should be reduced"
      0.5 3.5/5 "Pretty good"
      Based on my existing customer I have taken personal loan from ICICI. They done good documentation process but they approved very less amount. hence I could go for any new loans or top up for an another 6 months. I applied for 4 lakhs but they approved for Rs. 1 lakh with 17.99% of interest.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 08, 2017
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