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    We found 1 ICICI Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
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    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 available
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    ICICI Personal Loan Eligibility Calculator is Rated as "Great!" by 15189 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).

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  • Personal Loan Reviews

    • ICICI Bank Personal Loan
      "Very much happy with the service"
      0.5 4.0/5 "Great!"
      The main highlight of ICICI Bank personal loan is quick processing. ICICI took very less time to process the personal loan request. I am very much happy with the interest rate and processing fee charged by ICICI Bank. Furthermore, ICICI took hardly 3 days of time to disburse the funds after submitting my documents.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Satisfied"
      0.5 3.0/5 "Satisfactory"
      Rate of interest was okay for the personal loan with the ICICI bank and it took around fifteen days of time to get the loan. I have got the lesser amount rather than what they have quoted. Processing charges were also huge one with them.
      Was this review helpful? 0
      , kottayam
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "High interest rate"
      0.5 3.0/5 "Satisfactory"
      Due to the high interest rate with the ICICI BANK i canceled the application with them. The interest rate they provided was 14.99% it almost comes around 15 percentage. So i found it difficult to pay that much of interest rate for such a long period .
      Was this review helpful? 0
      , karnal
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Best financial service provider"
      0.5 4.0/5 "Great!"
      Through ICICI BANK i have requested for a personal loan.When the executive called me regarding the verification i told him i am not staying in the location which i have provided with. So he told me If there is any change in the given address then they cant provide the loan and close the deal though I have not taken the loan I am still happy with the service as I hold an account with the same bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "No Response"
      0.5 3.0/5 "Satisfactory"
      I applied for a personal loan with ICICI BANK but i did not got any proper response from the bank end. Thus my application got closed. I waited for there call ans no one from the bank end turned up till now. That was really disappointing. Such a well known brand should not respond in this manner.
      Was this review helpful? 0
      , angul
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Poor response "
      0.5 2.0/5 "Expected more"
      I applied for a personal loan with ICICI BANK. My application got rejected as i have taken a two wheeler loan from INDUSIND bank but i have pay the whole amount with the bank.They have shown that i have a pending of 750 rupees,that affected my credit score and my application got rejected.
      Was this review helpful? 0
      , thrissur
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Approachable bank"
      0.5 4.0/5 "Great!"
      From ICICI BANK i have requested for a personal loan. I receive my salary only through my salary account but my company would not provide any salary slip. ICICI bank executive informed me only if i can able to produce the salary slip they can proceed the loan application.,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Criteria should be compromised"
      0.5 3.0/5 "Satisfactory"
      With ICICI BANK i have requested for a personal loan application. I receive my salary only through my salary account but my company would not provide any salary slip. ICICI bank executive informed me only if i can able to produce the salary slip they can proceed the loan application.,
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      It was a fantastic process with ICICI Bank. The customer services are good and they were very quick to process my request. I have taken a personal loan and the interest rate and processing charges is normal. The disbursement was also on time.
      Was this review helpful? 0
      , puri
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Good "
      0.5 4.5/5 "Excellent!"
      My experience is okay with the ICICI bank and the rate of interest is around 11% for the personal loan. I would like to say that the customer service and other things are really fine one with them.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have got the personal laon with the ICICI bank because and the interest rate was around 15.9%. I would like to say that the customer service was good one for me with them. The loan amount got disbursed within a week of time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from ICICI Bank and the process to get the loan was good. But I am no happy as they do not have a part payment option, due to which I am not able to close the loan easily. The interest rate and processing charges is on the higher side.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      With ICICI bank it was not a pleasant experience. Response was not really good one with the ICICI bank. I would like to suggest that they need to understand the customer in better way. They were not transparent with me in terms of the rate of interest and tenure, they agreed upon something with me and took sign on papers for the same, but at the time of disbursement hidden charges were applied and the tenure of the loan as well as the interest rates were changed without my knowledge.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Personal loan process"
      0.5 4.0/5 "Great!"
      ICICI Bank personal loan process was very good. Rate of interest was very high I was having an urgent requirement otherwise there was no logic behind taking this loan from ICICI Bank. The Bank was offering around 16.25% which is very high and the processing fee charged by them was 5%. Also foreclosure charges were very much applicable.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The loan amount got disbursed to my account within three to four days of time. I would like to say that the response is an excellent one and the customer service is better one with the ICICI bank. I am okay with their rate of interest.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      My personal loan application with the ICICI bank got closed due to some other reason and the rate of interest as 17.99%. I have not experienced their response. I dont have any suggestion to them till now. In future, I would like to go ahead with them.
      Was this review helpful? 0
      , madurai
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Response time has to be improved"
      0.5 1.0/5 "Really Bad"
      ICICI wan't not responded on time for Personal loan request through online channel, I have been waited around 3 to 4 days. Finally I went bank and took the loan around 1.20 lakhs at the time they done good process. I would like to suggest them to improve the response time .
      Was this review helpful? 0
      , mohali
      Reviewed on Sep 21, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have approached ICICI bank for my personal loan . They have rejected my application since my account balance was low but my credit score was good. I am satisfied with their customer service and responses and the rate of interest was 13 -14% which is not bad. My overall experience was good.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 21, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 1.0/5 "Really Bad"
      My loan application got rejected by the ICICI bank, saying that I have got the other EMI's to pay so that was the reason I haven't got the loan from ICICI bank. The customer service and the response was below average with ICICI bank. The rate of interest is high when compared with others banks.
      Was this review helpful? 0
      , akola
      Reviewed on Sep 21, 2017
    • ICICI Bank Personal Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      I have approached ICICI bank for my personal loan through online. They have rejected my application since I am a proprietor of my company other than that their rate of interest was average and the customer service and responses was good. I would like rate 3 out of 5 overall.
      Was this review helpful? 0
      , nellore
      Reviewed on Sep 21, 2017
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