If an individual is low on finances and they are not financially secured, a personal loan can come in handy in a number of dire situations which require financial assistance. These circumstances could range from consolidating your credit card debt, renovation of a home, payoff any uninsured medical bills, weddings, etc.
ICICI Bank Personal Loan through ATMs
ICICI Bank, one of India’s biggest private sector bank, has now made it convenient for a customer to apply for a loan when they go to an automated teller machine or ATM. A customer who intends on applying for a personal loan from ICICI Bank can do so when they visit an ICICI Bank ATM.
Existing salaried customers can avail this service and avail loans of up to Rs.15 lakh which will get deposited into their savings account after its approval. Interest rates for a personal loan offered by ICICI Bank range between 10.99% and 17.99%. The interest rate offered by the bank to a customer depends on a number of factors, but primarily on their CIBIL score. A CIBIL score of 750 and above improves the chances of getting a loan amount that an individual would require and at good rate of interest.
How to apply for an ICICI Personal Loan via ATM
The whole process is completely digital and paperless therefore removing any time that would have been wasted in physically providing your personal details and documents. When a customer visits an ICICI Bank ATM to make a withdrawal or a balance enquiry, the ATM will display an option on the screen to avail a personal loan.
The steps that an ICICI Bank account holder would have to follow to avail a personal loan are listed below:
At an ICICI Bank ATM, a customer would have to select the pre-approved personal loan option. Multiple options for various loan amounts will be displayed on the screen. The loan amount displayed will depend on the account holder’s eligibility.
Once you have these options displayed on your screen, you will have accept the interest rate that is offered by the bank, EMI amount, and processing fee.
Read the “Terms and Conditions” that’s displayed on your screen and then confirm the same by clicking the “Accept” option.
You will then have to enter your debit card PIN into the ATM.
Once these steps are followed, the bank will verify your details that you have provided and will then deposit the personal loan amount into your savings account instantly. Executive Director of ICICI Bank, Anup Bagchi, stated that the bank has been in the vanguard of digital innovation. Providing ICICI Bank’s customers with the instant personal loan option is one way of making sure that their customer base does not dwindle.
Features and Benefits of ICICI Instant Personal Loan applied at ATMs
The instant loan facility that’s offered at the bank’s ATMs will come with added benefits and features like:
swift application process
instant transfer of funds
Multiple loan amounts which are based on a pre-checked CIBIL score
Loans are offered for a fixed tenure of 60 months
Equipped with additional security measures.
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The tenure for ICICI personal loan is for 3 years, I have taken the loan for some personal purposes. I got my loan statements on time but the interest rate of the loan is 12% which is bit high for me. I wish the bank can reduce it up to 10%. Otherwise everything is good about the loan.
I have taken personal loan through ICICI Bank.still this loan is active on my account and the rate of interest and processing fee was good compared to other bank .This loan was availed for personal use and it was a paperless approval since have saving account ,loan got sanctioned on time
.This loan was availed for personal use and it was a paperless approval since have saving account ,loan got sanctioned on time
I have taken personal loan directly through ICICI bank. I will be closing this loan within 4 months through bank directly rat of interest and the processing fee was medium, ,the loan was got sanctioned instantly ,it was a paperless approval it was taken for personal expenses .I am paying the premium on ecs mode.
I taken a personal loan from ICICI on last December or January. The amount was sufficient of 1L with tenure period of 2 years. The rate of interest is much better compare to other bank of 11%. The processing fee was deducted of 1K. The pre closure is applicable after 6 months without any charge. EMI need to pay of 5K and I use to get remainder message on time.
The rate of interest was nominal in ICICI Bank and the loan amount was Rs.1,00,000 and i have completed for one year. I have an account with this bank based on this i got this loan offer and that process was very easy instantly it got approved loan.
I taken a personal loan on 1.6 years back from ICICI bank. I had applied direct from bank, for the lesser amount, at that time I was required little amount only so it was sufficient with tenure period of 2 years. I use to get a remainder message on time for EMI amount to pay.
ICICI Bank offered a personal loan and the loan amount was Rs.1.50L. Rate of interest was 10.99% and i am paying EMI 3969 with the period of 4 years. I applied this loan directly through bank and i received within 10 days and also they are charging processing fee.
ICICI is taking much more percentage on the interest rate when i compared to other banks. Interest rates of 4% is high which needs to be decrease. There is no issue with the customer care. ICICI is a good bank but if they are reducing the charges it would be fine. ICICI charged me a 5% for the pre-closure of the loan. The should provide the interest rate as per the market rates.
Chosen my personal loan from ICICI which was recommended by my friend but they have offered me a interest rate of 11.25% and the processing fee is 1%. I bought the loan amount of Rs. 3 lakhs and they have taken 1 week to provide this loan. I have closed the loan in the year of November 2019 and they have provided me a NOC letter in 10 days after the loan period.
In ICICI, interest rate is comparatively less thats the reason i have taken the personal loan with them. I have selected the duration of 3 years. I went through with the agent to get this loan. They have sanctioned the loan in 5 days. Part payment facility is chargeable one. I have already closed the loan in the year of September 2018 and i have received my NOC letter also.
From ICICI Bank, i have taken a personal loan and the loan amount was Rs. 3,00,000. The rate of interest was normal with the tenure of 5 years. I am paying EMI of Rs.7,000. Pre closure charge is there, the customer service and response was average.
Fifteen years back, i have taken a personal loan from ICICI Bank. The loan amount was Rs. 50k at that time i opted for 2 years, i was paying EMI very later so that remaining 2 years is pending. I am not able to pay, i request to fore closure and i have to pay Rs. 30k, they reduced Rs.17k they said it will affect my Credit Score.
I maintain my salary account with ICICI for many years hence I got a pre approved loan offer, so I taken on 6 months ago. The amount was sufficient with tenure period of 3 years. EMI need to pay of 6,800 rupees. The rate of interest was 14% is high and processing fee was deducted for this loan. The pre closure is applicable.
I have taken a personal loan from ICICI Bank and the loan amount was Rs. 3,00,000. The rate of interest was very high 15% and i opted for 5 years. I pre closed the loan amount and i paid 5% from outstanding when compare to other bank interest rate was high.
Actually my salary account is in ICICI and they have given me a pre-approved offer hence they have sanctioned my loan in 2 minutes without collecting any documents. I can do all my service in online but they have provided me a interest rate of 16% hence i have done the pre-closure.
I have applied a personal loan from ICICI Bank for the loan amount of Rs. 1.60L . The rate of interest was normal and i am paying EMI of 3800 rupees with tenure period of 48 months. Pre closure charges is not applicable, I got an offer for a loan with the less rate of interest.
My salary account is in ICICI bank for last 10 years so local executive's were approached me when i applied this loan through online and they were offered me a interest rate of 18.5%. I have been paying the EMI amount of Rs. 5000 approximately. Processing fee was high and they have put some insurance charges without any prior information.
I got a personal loan offer from ICICI on one year back. The loan was applied direct to bank and it was sanctioned within one day for the loan amount of 2L.The tenure period of 4 years. The rate of interest was nominal of 10%. EMI need to pay of 5240 rupees. So far I haven't faced any additional issue. Mobile app is user friendly to access. There is pre closure option of 6 months without any charge.
I have taken a personal loan from ICICI on last month. The loan was processed through mobile app and it was sanctioned within a day. The tenure period of 2 years. The rate of interest was nominal and fee amount was deducted of 2200 rupees. EMI need to pay of 3K. I have done my first payment, the amount was deducted through salary account. There is pre closure option of 6 months without charge.
I have taken personal loan directly through ICICI Bank. The rate of interest was 15.5% it was medium and other bank not given this much interest rate so availed this loan. The loan was sanctioned on time without any issues.This loan was taken for my personal use only.