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  • ICICI Bank to Offer Instant Personal Loan through ATMs

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  • Personal Loan Offered at ICICI Bank’s ATMs

    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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    Personal Loan Reviews

    • ICICI Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through ICICI Bank.The rate of interest and the processing fee was less.I have got the loan amount on time and it was sufficient .This was a paperless approval since have salary account.I have got all the relevant update about this loan through bank agent .
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2019
    • ICICI Bank
      ICICI Bank Personal Loan
      "Good Interest rate"
      0.5 4.0/5 "Great!"
      Bought my personal loan from ICICI its because of the low interest rates i have chosen them. There was a best reason choosing the loan is there is no foreclosure charges and I'm not aware of the processing fee. I have chosen the tenure period of 3 to 4 years. I have been paying the EMI amount of Rs. 7692 for the loan amount of Rs. 3.5 lakhs nearly.
      Was this review helpful? 0
      , noida
      Reviewed on Sep 19, 2019
    • ICICI Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I got a personal loan from ICICI BANK and I think, they were charged me 11.5% which is similar to other banks. This loan is ongoing and the total tenure period is 4 years. Its a pre approved loan without getting any documents, they have just credited the amount in 2minutes.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 17, 2019
    • ICICI Bank Personal Loan
      "Good bank"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through ICICI Bank directly.The rate of interest and the processing fee was nominal of 10.5% .I have got the loan on time and it was sufficient as well .They sanctioned the loan around 3 days with the amount of 6 lakhs for the tenure of 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 14, 2019
    • ICICI Bank Personal Loan
      "Need to decrease charges"
      0.5 4.0/5 "Great!"
      I have taken personal loan through ICICI Bank directly on 2 years before. The rate of interest and the processing fee was high when compare to other bank .I have got the loan on time and it was sufficient as well . The amount sufficient of 3 lakhs for the tenure period of 4 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 14, 2019
    • ICICI Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan with ICICI bank on one year before which was processed directly to bank. I have not not provide any documents since I am holding a salary account.They have sanctioned the loan within a week, the amount sufficient for the tenure period of 5 years, interest rate was nominal for either 10.9 or 11%. fee was high around 10 thousands. They had included insurance which was mandatory. Last month done payment on post due date around after 10 days so they charged for 500 rupees is nominal.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Sep 11, 2019
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through ICICI Bank directly.The rate of interest and the processing fee was high since requirement was there taken this loan .I have got the loan on time and it was sufficient as well .The agent gave a clear picture about the loan process as well.I am totally satisfied with the service .
      Was this review helpful? 1
      , kalol
      Reviewed on Sep 10, 2019
    • ICICI Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      One month before only I was applied for personal loan with ICICI bank which was processed through bank directly. They have sanctioned the loan within 3 days. The loan amount given from bank for 2 lakhs which was sufficient for the tenure period of 2 years. The rate of interest was okay for 13%.
      Was this review helpful? 1
      , lucknow
      Reviewed on Sep 10, 2019
    • ICICI Bank Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through ICICI Bank directly .The loan amount got on time and it was sufficient as well .The rate of interest and the processing fee was nominal .This was a paperless approval since have salary account with this Bank .I have got all the required information about the loan process through the agent .
      Was this review helpful? 1
      , mumbai
      Reviewed on Sep 10, 2019
    • ICICI Bank Personal Loan
      "Fast processing in ICICI"
      0.5 4.0/5 "Great!"
      I hold an account with ICICI for more than 18 years and they have processed the loan in 48 hours. I have a privileged account hence there is a separate relationship manager in case any query about my account and loan they are very dedicated to do the same. Interest rates are similar like other banks. They do charge a processing fee but the processing fee 11% only.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Sep 07, 2019
    • ICICI Bank Personal Loan
      "Moderate"
      0.5 5.0/5 "Blown Away!"
      The loan process was quite faster with ICICI BANK. I have submitted all the documents to the executive and it was a doorstep service. The verification process was quick. The rate of interest is average when I look into the market. The loan duration is 5 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 06, 2019
    • ICICI Bank Personal Loan
      "Can do better"
      0.5 3.0/5 "Satisfactory"
      From ICICI I took the personal loan with 18% of interest I felt it was higher than HDFC bank, so I went for the balance transfer. The loan procedure also got delay on the initial stage and they were lacking in the notification part. Hence I suggest them the service needs to be improved.
      Was this review helpful? 2
      , vijayawada
      Reviewed on Sep 06, 2019
    • ICICI Bank Personal Loan
      "Better"
      0.5 3.0/5 "Satisfactory"
      I have requested for 1.5L and got the same amount from ICICI BANK. The foreclosure charges are applicable and I can do it after 1EMI. The processing fee is included. I would suggest them to reduce the rate of interest. The loan tenure is 2 years.
      Was this review helpful? 4
      , gurgaon
      Reviewed on Sep 03, 2019
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Based on my choice with ICICI because i have a bank account from ICICI and the EMI can pay through the debit thats the reason i have taken my personal loan from ICICI. I bought the loan amount of Rs. 2 lakhs for that they have offered me a interest rate of 13.5% at the time of disbursement it was okay for me.
      Was this review helpful? 1
      , kolkata
      Reviewed on Sep 01, 2019
    • ICICI Bank Personal Loan
      "Better Loan Services"
      0.5 4.5/5 "Excellent!"
      The rates are little bit higher in ICICI but the processing is quick. Since i have a salary account from ICICI and the credibility is more i bought the loan. Without any documents, they have credited the full amount of Rs. 3.70 lakhs to my account. In call centre, sometimes response is slow. They asked me to pre-close the loan after a year for that i need to pay some fee.
      Was this review helpful? 0
      , noida
      Reviewed on Sep 01, 2019
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through ICICI Bank directly.The rate of interest and tge processing was very high and had requirement taken this loan .The agent gave all the information about the loan process .I have gotthe loan amount on time ,I have not faced any difficulties while submiting hte documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 01, 2019
    • ICICI Bank Personal Loan
      "Happy service"
      0.5 4.5/5 "Excellent!"
      I took a personal loan with ICICI BANK and they have provided me a rate of interest is 10.5%. The services are good and its easily I can track the status of my loan application and the loan amount. They have sanctioned the loan amount in 10days overall am satisfied.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Aug 29, 2019
    • ICICI Bank Personal Loan
      "Affordable interest for personal loan"
      0.5 5.0/5 "Blown Away!"
      I closed one personal loan from ICICI, that overall experience was good. I took the loan amount of Rs. 50,000 for the duration of one year, I just paid Rs.5000 extra to the bank for the whole tenure I would say its very affordable. Hence I am very fine with them.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 27, 2019
    • ICICI Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I availed Rs. 1.5 lakh from ICICI with 13.25% of interest per annum, the bank executive walk in to my place and collected the papers, I had hassle free experience without visiting to the bank. From the same salary account I took the loan with the same bank executive which I availed the previous loan.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Aug 27, 2019
    • ICICI Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I availed Rs. 1.5 lakh from ICICI with 13.25% of interest per annum, the bank executive walk in to my place and collected the papers, I had hassle free experience without visiting to the bank. From the same salary account I took the loan with the same bank executive which I availed the previous loan.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Aug 27, 2019
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