Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    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.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    ICICI Personal Loan Eligibility Calculator is Rated as "Great!" by 16249 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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
      "Unhappy with the services. "
      0.5 2.0/5 "Expected more"
      ICICI Bank has contacted me initially for the personal loan. They did not collect the documents and after which the bank has rejected the loan without giving me any reason for it. Not sure on the interest rate and processing charges. I am not happy with the is experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 22, 2017
    • ICICI Bank Personal Loan
      "Good. Can do better"
      0.5 3.0/5 "Satisfactory"
      ICICI Bank is overall good but can be better in the customer services. They can be more quick in the process. The rate of interest is normal and the processing charges is also normal. It was for a personal loan and the after loan services are good overall.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 21, 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 closed because the rate of interest was way high when compared to other banks. They initially said that ROI will be 11% and later on they changed to 15%, there was no proper guidance. Customer service was not up to the mark and they did not respond in time.
      Was this review helpful? 0
      , jhajjar
      Reviewed on Nov 21, 2017
    • ICICI Bank Personal Loan
      "Needs to improve with ROI"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from ICICI bank, my loan application was closed because after submitting the documents, they were supposed to send an OTP and also there was a network issue so the application was closed. Customer service was good and they responded on time. The rate of interest was high when compared to other banks.
      Was this review helpful? 0
      , guwahati
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Good response"
      0.5 4.0/5 "Great!"
      I got good response from ICICI bank end, but at that time i had no requirement so i close the loan application with ICICI. In future if i am planning to take a loan the i could definitely consider ICICI. They response from their end was really good.
      Was this review helpful? 0
      , meerut
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with ICICI bank the loan amount is 5 lakhs.the rate if interest is 12.75% nominal like other banks.They had deducted 2% as processing fees from the principal amount,foreclosure is 5% including GST.No part payment option is avialible with this bank.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Looking for better service"
      0.5 3.0/5 "Satisfactory"
      ICICI have rejected my personal loan request without giving any proper information. They told as per their internal norms they have closed the request. Even ICICI bank interest rate is quite higher than other bank. I am not fine with them, hence I wont suggest this service.
      Was this review helpful? 0
      , nuzvid
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from ICICI bank, my loan application was closed because the company was not listed in their norms. The customer service from ICICI bank was good and they responded on time. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , mohali
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Poor service"
      0.5 1.0/5 "Really Bad"
      I have applied for a personal loan with ICICI bank. They collected the documents by next day but they rejected my personal loan application stating that my address is not in their serviceable area list but for namesake they called me and collected the documents.
      Was this review helpful? 0
      , jammu
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "No proper response"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with ICIC bank. I got the call once and confirmed me with the application and later they come to collect the documents. After that one one contacted me. They did not gave me any reason. Later my application got closed.
      Was this review helpful? 0
      , anuppur
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan from ICICI bank, my loan application was closed because they were asking to take the insurance policy mandatory and also to open a savings account with this bank. Customer service was not up to the mark, their is no option for not to take an insurance policy. The rate of interest is way high when compared to other banks.
      Was this review helpful? 0
      , bhuj
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Good customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from ICICI bank, my loan application was closed because i have taken loan from other source. When it comes to customer service, it was good, they responded on time and also followed up correctly. The rate of interest was way high when compared to other sources in the market.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loan with ICICI bank. They collected the documents the next day but there was no proper response from the bank end as well as from the reporting manager. Later he didn't call me to inform this but they disbursed my loan after some days.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Poor Service"
      0.5 1.0/5 "Really Bad"
      I have applied for a personal loan with ICICI bank. They collected the documents by next day but ICICI bank rejected my loan application stating that my salary is Rs. 18000 less than their loan eligibility criteria they told all this after my documentation process got over.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with ICICI bank. They collected the documents by next day and said that the loan will be disbursed within 1 week but done in 3 weeks of time. They offered me the loan with 10.99% as the rate of interest and the processing fees was Rs. 1500 which is also little high. And no status was given properly to me, I followed up from my side.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with ICICI bank. They collected the documents within 2 days itself and they took lot of time to approve the loan and disbursed my funds after follow up was done repeatedly from my end. I don't remember how much is the rate of interest and the processing fees.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with ICICI bank. They collected the documents by next day which was a smooth process but they closed my application in error then when I contacted them and asked them to process it again then they reopened my application and disbursed the loan within 10 days. They offered me the loan with 16.99% as rate of interest which is very high compared to other banks and processing fees was around Rs. 5000.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Rejected my loan application"
      0.5 2.0/5 "Expected more"
      As my company was not on the list of ICICI bank they were not able to provide me the personal loan.That's the reason why i could not move on with ICICI bank. The customer executive who contacted gave me a good response and all that was satisfying.
      Was this review helpful? 0
      , proddatur
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Rate of interest is high"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with ICICI bank.The rate of interest with the bank was too high for 3 lakhs rupees. As the high rate of interest with the bank i did not proceed further with the bank. I did not have much interaction with the bank either.
      Was this review helpful? 0
      , guntur
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good response"
      0.5 3.0/5 "Satisfactory"
      Its good bank but my loan application got rejected as i dont have any documents for my current address and the proof which i hold was with my permanent address proof were it is far from my current location. The customer service and response was good.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Nov 18, 2017
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.