Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • ICICI Bank Mudra Loan Reviews

    • ICICI Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Due to some personal loan reasons I haven't got the personal loan from ICICI bank. The customer service was good with ICICI they gave better response in regards to my personal loan application. The rate of interest which they have offered was nominal.,
      Was this review helpful? 0
      , kannur
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have got the personal loan disbursement within 10 to 15days of time from ICICI bank. The customer service gave better response in regards to my personal loan. The rate of interst and the charges are nominal with ICICI bank,when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Below average service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank executive told that they can't approve the personal loan for the people who are working in the partnership firm,The policy need to be customer centric with ICICI bank. The customer service and their response was average with ICICI bank.
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      , mumbai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "High on ROI and charges"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with ICICI Bank and the process is perfect. The customer support is excellent as they did not delay in the process. The rate of interest was of 14% which was on the higher side. The processing charges are high as well.
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      , hyderabad
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I am a customer of ICICI bank , but my personal loan got rejected from ICICI because my salary haven't met their eligibility criteria , The customer service is good with ICICI bank.. The rate of interest is high when compared with other banks.
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      , navi mumbai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Bad Loan Process"
      0.5 0.5/5 "Unacceptable"
      I applied for BT of existing personal loan from another bank to ICICI bank and submitted all the documents and check. Then i got message saying i got personal loan approval of twice the amount i intend to take with more interest rate then existing loan and it was approved as fresh loan instead of BT from another bank which makes me to pay for the two loans at a time. I tried to contact the icici bank people and they ask me check with agents regarding the issue. and for the past one week the 3 agents phone are not reachable and when it gets connected one person is keep on telling its a wrong number, other person is informing me he is busy and ask me to call after 5-10 mins entire day. I want to cancel the loan and get back my documents and check
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      , hyderabad
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Unhappy with the services "
      0.5 1.0/5 "Really Bad"
      ICICI Bank has not been responsive for my personal loan application. I have applied for one and there was a complete zero response. There were welcome call to check about my request or requirement. It has not been a good experience and I would not want to recommend them.
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      , tandur
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Above average service"
      0.5 4.0/5 "Great!"
      The ICICI bank have sent me text message saying that I have got low credit score sop that was the reason I haven't got the loan from ICICI bank. The customer service with ICICI bank is good., The rate of interest is nominal when compared with others.
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      , mumbai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      ICICI bank just took 2days to disburse my loan amount. The rate of interest is nominal with ICICI bank. The customer service is prompt with ICICI bank. The required loan amount was not disbursed by ICICI bank, I would say I am not satisfied with the loan amount.
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      , chennai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response is good, but high on ROI"
      0.5 5.0/5 "Blown Away!"
      The response was very much prompt with ICICI Bank and the customer services was good. They contacted me on time to process the personal loan. But I did not take the loan finally as the rate of interest and processing charges was pretty high when compared to the other banks. It was around 16%.
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      , bangalore
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The ICICI bank interest rates are higher than normal so that was the reason I haven't got the loan from ICICI bank. The customer service was good with ICICI bank. They gave prompt response in regards to my personal loan application. I would suggest ICICI bank to lower down the interest rates to the customers those who are drawing the salary of below 30K.
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      , madurai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      There was a response from ICICI bank for the personal loan. I had sent my documents online and after they checked my details. I was informed the process could not happen because my company was not listed with them. Not sure on the interest rate and fees.
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      , pune
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have got a text message from ICICI saying that I am maintaining salaried Account with SBI, so they told they can't process my personal loan application. The customer service and the response need to be improved with ICICI bank.The customer service need to maintain more interaction with the customers.
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      , kurnool
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Resposne part should be improved"
      0.5 1.0/5 "Really Bad"
      I have received only one call from ICICI bank fro the personal loan it was also disconnected while I was having conversation with their executive, but then there was no response from their end. It would be great, if they improve on the service part.
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      , coimbatore
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved in ICICI"
      0.5 3.0/5 "Satisfactory"
      I got a funds from other source hence there is no requirements to take personal loan from ICICI and also I haven't got any response from Bank end, but interm of interest rate ICICI is providing good interest rate its really quite good but I denied to go head.
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      , rewa
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with ICICI Bank, the customer services and response was good. It was a quick job and the details was clear explained. I did not have the requirement anymore so I did not take the loan from them. Not sure on the interest rate and charges.
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      , satara
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      ICICI Bank was quick to respond to me when I had applied for a personal loan. They kept contacting me on a regular basis and since I was not needing the loan anymore, I did not go ahead. The interest rate and processing charges was normal when compared to the other banks.
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      , new delhi
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved"
      0.5 2.0/5 "Expected more"
      ICICI response is not up to the mark for the personal loan, when I approached the bank through online channel they never coordinated on the loan process even I tried reaching the bank directly two to three times but no response. I would like to suggest them to work on the service and response part.
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      , chennai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Customer's friendly"
      0.5 4.0/5 "Great!"
      ICICI is very fast in the loan process, within 48 hours my loan got approved with nominal interest as per the market. I got my loan number but still my disbursement was not happen. I applied to online channel, I am very fine with the bank response.
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      , coimbatore
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Unhappy with the services "
      0.5 1.0/5 "Really Bad"
      Though I am an existing customer of ICICI Bank. It was not a very good experience when I had applied with them for a personal loan. I got a call from them after a month to ask me if I am in need of a loan and I told them that I do not need it and asked them to cancel my application.
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      , indore
      Reviewed on Sep 25, 2017
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    ICICI Bank Mudra Loan is Rated as "Great!" by 15234 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    ICICI Bank Mudra Loan

    Overview about ICICI Mudra Loan

    The Government of India has set up the Micro Units Development & Refinance Agency Ltd. (MUDRA) to offer financing to non-corporate and non-farm segment income generating activities belonging to Micro and Small enterprises. These enterprises, having credit requirements below Rs. 10 lakhs can easily receive funding through this scheme.

    Features of ICICI Mudra Loan

    MUDRA Bank has announced three products under the Pradhan Mantri MUDRA Yojana (PMMY) scheme, namely, Shishu, Kishore and Tarun. These products can be availed according to the needs and growth of micro units.

    • Under Shishu, customers can get loans to up to Rs. 50,000.
    • The Kishore scheme offers loans for amounts above Rs. 50,000 and up to a maximum of Rs. 5 lakhs.
    • The Tarun scheme offers loans for amounts above Rs. 5 lakhs and up to a maximum of Rs. 10 lakhs.

    ICICI Bank customers can avail Mudra loans for three specific purposes in the form of a) Vehicle Loans, b) Business Installment Loans and c) Rural Business Credit (RBC) / Business Loans Group Loans (BLG).

    • Vehicle loans can be procured for purchasing cars, commercial vehicles and two-wheelers.
    • Business Installment Loans can be availed for purchasing plants and machinery, meeting working capital requirements, for renovation of offices and also for various other purposes.
    • Under Business Installment Loans and Rural Business Credit categories, ICICI Bank offers the Overdraft facility, Drop line overdraft and Working capital loans.
    Apply for Personal Loan

    Borrowers do not have to submit any security collaterals while availing Mudra Loans.

    Customers can contact the nearest ICICI Bank to get more details and then apply for a Mudra loan. ICICI Bank will approve Mudra loans according to the customer’s requirements.

    Eligibility criteria for ICICI Mudra Loan

    Non-Corporate Small Business Segments (NCSBS) consisting of partnership firms and proprietorships which have service sector units, small manufacturing units, truck operators, shopkeepers, repair shops, for-service units, fruits and vegetable vendors, small industries, machine operators, food processors and applicants from urban/rural areas can qualify for funding under the Mudra Loan scheme.

    Documentation Required for ICICI Bank Mudra Loan

    The following documents have to be submitted by applicants of an ICICI Mudra Loan -

    For Business Installment Loans

    1. Mudra application form
    2. Photo ID proof
    3. BIL application form
    4. Establishment proof
    5. Address proof
    6. Proof of business continuity
    7. Ownership proof of office or residence
    8. Bank statement for the last six months
    9. Trade references
    10. Proof of qualification

    For Vehicle Loans

    1. Mudra application form
    2. Photo ID proof
    3. Vehicle loan application form
    4. Passport size Photos - 2
    5. Income Proof
    6. Address Proof
    7. Bank statement for the last six months

    Rural Business Credit / Business Loans Group

    1. Mudra application form
    2. Age Proof
    3. Photo ID proof
    4. RBC/BIL application form
    5. Ownership proof of office or residence
    6. Bank statement for the last twelve months
    7. Business vintage proof

    Income tax return statements for the last two years

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