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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. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
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    ICICI Personal Loan Eligibility Calculator is Rated as "Great!" by 14800 Users

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    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).

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  • Personal Loan Reviews

    • ICICI Bank Personal Loan
      "Good to handle"
      0.5 5.0/5 "Blown Away!"
      Excellent customer service provided by ICICI bank as they responded me very well , some time back I applied for the loan. I got the loan amount in my hand within 15days, I am using this bank account for 2 years however, I am still unhappy with the rate of interest, fees and charges.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Below Average service"
      0.5 2.0/5 "Expected more"
      I have received call from ICICI bank customer support and they have explained me the product then they said that they will give a call back , but no one turned up. The response part need to be improved with ICICI bank and the customer support have to inform the status of he product to the customers on time.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "good services"
      0.5 5.0/5 "Blown Away!"
      ICICI bank provides a good services from their end but the processing fees was more but they completed their process on time and it was a good service rendered by icici bank but they have to reduce their processing fee other than process fee everything was fine
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan from ICICI Bank and the services has been very nice and the process was smooth as well. The executives came to my place and they collected the documents.I have taken the loan amount of three lakhs and the rate of interest they have offered is 11.49% and the EMI is around 8750 and it is for 5 years of time
      Was this review helpful? 0
      , vapi
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have not got the personal loan with the ICICI bank because it was not approved and the rate of interest was not informed on that time. They have collected the documents in an instant way and after that I did not have any conversation with them. ICICI bank have charged too huge as processing charge when compared with other bankers.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      I expected the rate of interest 11 to 12% but ICICI offered 15% of interest on personal loan, I was not happy with that part. But processing fee was fine it was negotiated, other than that everything is good, they gave me good service on loan process.
      Was this review helpful? 0
      , tirupati
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Better interest rate "
      0.5 4.0/5 "Great!"
      Once I applied for the loan, they started off with the documentation process, I did not get any update from the bank side, nor I was able to get any feed back from ICICI or either from their web site. At last a person from ICICI called and got all the information and I got Personal loan in a week's time. I am happy with the rate of interest too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Satisfied Service"
      0.5 4.0/5 "Great!"
      The Interest rate which was offered by ICICI bank was bit high when compared with others. The service which was given by ICICI bank in regards to my personal loan was good. The customer support gave good response in my personal loan application. I would say I am satisfied with the ICICI bank service.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Customer's friendly "
      0.5 5.0/5 "Blown Away!"
      I applied the loan through online channel, and then ICICI took a week to disbursement. I did some paper work formalities on my personal loan. But it was a hassle free experience, even ICICI have offered me best rate of interest and processing fee.
      Was this review helpful? 0
      , sonipat
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "customer help service "
      0.5 4.0/5 "Great!"
      Working with ICICI was really good, initially they did not give an immediate response for my loan process after few days they called me and loan process was completed within two days. When compared with other Bank the rate of interest and the fee of charges are very high.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Process is fast but they should give good offers"
      0.5 4.0/5 "Great!"
      ICICI loan process was easy, I have salary holder of ICICI hence documentation process was completed within a week and disbursed the amount. I had taken an amount of Rs.1.5 lakhs for the tenure of five years but they have offered me 14.7%, where as other banks giving an interest of around 11%. so it would be great if ICICI reduces the interest rate for an existing customer and also they should provide part payment options too.
      Was this review helpful? 0
      , thane
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank executive told that my salary has not met their eligibility criteria so that was the reason I can't proceed with ICICI bank personal loan application. The customer service is good with ICICI bank. The rate of interest is nominal from ICICI . I got good service from ICICI bank.
      Was this review helpful? 0
      , amritsar
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank executives told that need my minimum salary needs to be more than 40k so that was the reason they have closed my personal loan application. The ICICI executive informed me this criteria after meeting them . The customer service was fine with ICICI bank.
      Was this review helpful? 0
      , erode
      Reviewed on Aug 18, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The ICICI bank executives never gave any response in concern to my personal loan application. So that was the reason I haven't got the loan with ICICI bank. The customer service need to be improved with ICICI bank, The response part need to be focus with ICICI bank. The rate of interest is nominal with ICICI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Need Transparency and genuine Follow up"
      0.5 1.0/5 "Really Bad"
      I dropped the personal loan plan from ICICI bank ,because I got confused withh which person to go with. Because there was 2 follow ups made by the ICICI team. So this is the reason I haven't proceed with the ICICI bank personal loan., The customer support explained me the product in a good manner.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Nice Experience. High on ROI"
      0.5 4.5/5 "Excellent!"
      It was a quick process with ICICI Bank for the personal loan. I got the loan within a week. Just that the rate of interest was on the higher side. I got a rate of 13.99% and the processing charges was normal. The after loan services is so far so good.
      Was this review helpful? 0
      , madurai
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I Have asked ICICI executive to close my personal loan process at present because of some personal issues, and I am thinking to avail the loan after a month from ICICI bank. The ICICI bank has gave response in 3 days after giving requirement in their portal. The product explanation was good with ICICI bank.
      Was this review helpful? 0
      , kurnool
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I would say the ICICI bank can be considered a s a very good bank nowadays. I have asked them to close my personal loan application because there was no requirement of loan. The customer service is good from ICICI bank. The Infrastructure and the services is very good with ICICI bank. The rate of interest is high when compared with others.
      Was this review helpful? 0
      , kota
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      It was a pretty good service from ICICI bank for the personal loan. Actually this is my first experience for the loan process. The loan process completed in ten days of time the loan amount I have applied for 1.20 lakh and the processing fee they have charged is around 3000 rupees and tenured is for 4 years of time.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Excellent process & high charges"
      0.5 5.0/5 "Blown Away!"
      I am extremely happy with ICICI Bank for the good process I had for the personal loan. The documentation is normal and the disbursement was fast. A very nice experience overall all. The customer support is good and the interest rate and processing charges was a bit high.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
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