Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 ICICI Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
    Processing Fee Range
    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.2,000 Amazon Voucher free Paperless approval available
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    Customer Reviews
    ICICI Personal Loan Eligibility Calculator is Rated as "Great!" by 16462 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
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      The ICICI bank haven't gave me proper response in regards to my personal loan application. The customer support team haven't gave me any response in regards to my personal loan application. The response part need to be improved with the ICICI bank.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 16, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      ICICI bank took 15days of time to disburse my personal loan amount. The customer support need to be quick and fast because they have promised that they can disburse the loan amount within 48hours of time but they took around 15days of time. The required loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 16, 2018
    • ICICI Bank Personal Loan
      "Needs to improve"
      0.5 2.0/5 "Expected more"
      My personal loan experience with ICICI bank was not that good, the process was smooth and i received my loan amount within 1 week. The loan amount was for Rs 2 lakhs with the rate of interest of 14.75% which is high when compared to all other banks. The processing fees was 4% which is high and the tenure of the loan is 5 years. Customer service was not up to the mark and they did not keep up their commitments.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 16, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was very good with ICICI bank, the loan amount disbursed was Rs 2.38 lakhs with the rate of interest of 15.99% which is nominal when compared to all other banks. The process was smooth and i received my loan amount within 1 week. Customer service was good and they responded on time. I did not opt for insurance but they debited the insurance amount. The processing fees was nominal and the tenure of this loan is 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 16, 2018
    • ICICI Bank Personal Loan
      "Good banking"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan with ICICI bank,The loan amount is 1.5 lakhs,rte of interest is nominal as co pored to others.The tenure is for 4 years .The EMI amount is 3800.I uploaded documents through online.I am happy banking with them.
      Was this review helpful? 0
      , salem
      Reviewed on Jan 16, 2018
    • ICICI Bank Personal Loan
      "Good banking service"
      0.5 4.5/5 "Excellent!"
      The ICICI bank has disbursed my personal loan within a week time . The customer support was good with the ICICI bank. The required loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are average with the ICICI bank.
      Was this review helpful? 0
      , kurnool
      Reviewed on Jan 16, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved by ICICI bank and the experience was very nice. The process was very smooth and i received my loan amount within 1 week. The loan amount was for Rs 5 lakhs with the rate of interest of 14.49% which is nominal rate when compared to other banks. Customer service was good and they collected all the required documents on time. The processing fees was nominal and they even charged for insurance. The tenure of this loan is 5 years and it was overall a good service from ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 16, 2018
    • ICICI Bank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with ICICI bank and the experience was good. The process was very fast and i received my loan amount within 1 week. Customer service was good and they responded on time. Documents were verified door step. The loan amount is for Rs 3.5 lakhs with the rate of interest of 10.99% which is nominal rate. They charged 1% processing fee which is nominal. The tenure of this loan is 3 years and it was overall a good service from ICICI bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 15, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It was a very nice personal loan experience with ICICI bank, the process was very smooth and i received my loan amount within 1 week. The loan amount is for Rs 2 lakhs with the rate of interest of 12.99% which is nominal rate. Customer service was good and they provided door step service to collect the documents. The processing fees was nominal and they also charged for insurance which will be refunded if i preclose the loan before the tenure period and tenure of this loan is 4 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 15, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have my personal loan application approved with ICICI bank and the experience was quite good. The process was bit delayed and it took 1 week for the loan amount to get disbursed. The loan amount was for Rs 50000 with the rate of interest of 16% which is very high when compared to all other banks. Customer service was good and they provided door step service to collect the documents. The processing fees was very high and the tenure of this loan is 4 years.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jan 15, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      My Personal loan experience with ICICI bank was very good, the process was very fast and i received my loan amount within 4 days. The loan amount was approved based on my requirement and the rate of interest was 12.99% which is nominal when compared to other banks. The tenure of this loan is 2 years and the processing fees they charged is 1%. They charge 5% of principal amount if the loan is preclosed after 6 months. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , surat
      Reviewed on Jan 15, 2018
    • ICICI Bank Personal Loan
      "Unhappy"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with ICICI Bank. The representative has given the wrong information to me. I have been informed about the rate of interest which was around 13% but on the paper works it was mentioned like 15% which am not happy so this part needs an improvement overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 13, 2018
    • ICICI Bank Personal Loan
      "Interest rate to be reduced"
      0.5 3.0/5 "Satisfactory"
      One time I took a personal loan with ICICI Bank. I am not satisfied with the interest rate, they charge more. The IVR system has to be improved. I had completed this loan in the year of 2009. I have taken 60,000 rupees as a personal loan. I paid 16,000 rupees additionally for the 2 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2018
    • ICICI Bank Personal Loan
      "Response has to be quick"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with ICICI Bank but they took more than 3 weeks for the personal loan disbursement. The customer service and response was not good specially for the loan process. The rate of interest was normal like other banks. They provided a service for the documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with ICICI bank 2 years back. The loan amount was 5 lakhs and the Interest rate was 12.99% which was satisfactory . The EMI period was 3 years . They have provided door step service for collecting document, The pre closure is after 1 year and they charge for the first 2 years. My overall experience that I had with this bank is good and this bank is very much recommendable.
      Was this review helpful? 0
      , jamnagar
      Reviewed on Jan 12, 2018
    • ICICI Bank Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan with ICICI bank.The loan amount was 3 lakhs and the Interest rate was 12.99% which was average in the market. I had a smooth loan process here. The loan was approved on time and I am satifeid with the processing fee also here. Totally it was a very good experience that I had with them.
      Was this review helpful? 0
      , jamnagar
      Reviewed on Jan 12, 2018
    • ICICI Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have my personal loan with ICICI bank.The loan amount was 1.8 lakhs and the Interest rate was 10.99% which was average In the market. The EMI period was 2 years . They have said that its completely paperless but later I was asked to submit all the documents which is bit disappointing. My overall experience was very good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 12, 2018
    • ICICI Bank Personal Loan
      "Faster Approval"
      0.5 5.0/5 "Blown Away!"
      I am running a personal loan with ICICI Bank. It was taken 7 months back. They offered a interest rate of 12.49% which was nominal. I got a good response from the bank. The executive came to my place and collected the documents. They charged processing fee of 22,000 rupees for 10L.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • ICICI Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I had taken my personal loan with ICICI Bank through online portal. They offered a interest rate of 15.9% which was slightly high compared to others. The documentation process was very faster and submitted my documents to the executive. They charged processing fee of around 7,800 rupees for 3L.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 11, 2018
    • ICICI Bank Personal Loan
      "High rate of interest and not satisfactory"
      0.5 2.0/5 "Expected more"
      I have taken a personal Loan from ICICI bank.The approved loan amount was 82000 . The given rate of interest was 14%. The monthly EMI comes around 4132. the total tenure is for 2 years. There were some processing fees.They have mentioned it as a pre approved loan. The loan process took a long time also 2 or 3 times of background verification was done.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 11, 2018
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