If you ever need an instant personal loan, then there is no choice better than the ICICI Personal loan. It provides robust services. The process from applying for the Loan to get the Loan. So, today, we are going to tell you everything about it.
The essential things you need to know are the loan amount, rate of interest, eligibility criteria, required documents and lastly how to apply. We will tell you everything. So, when you need to apply, you can do it very quickly. Please keep reading to know more.
ICICI Personal loan details
Here are the details, in a nutshell, you should know.
ICICI Personal loan eligibility Criteria
The eligibility criteria for salaried individuals and self-employed are different. Here are them.
For Salaried Individuals
The applicant's age should be between 23 years to 58 years.
The applicant minimum salary should be at least Rs 17,500 P.M
The applicant's minimum work experience should be at least 2 years. In the current organization for 1 year.
For Self Employed Professionals
The applicant age should be between 28 years to 65 Years.
The minimum turnover should be Rs 40 Lakhs for non-professionals. Rs 15 Lakhs for professionals.
The business should be running for at least 3 Years.
Documents required for ICICI personal loan
Here is the list of documents you will need to submit.
For Salaried Individuals
Two passport size photographs
Proof of Identity( PAN Card, Aadhar Card, Passport, Driving License)
Proof of Residence ( Utility bill for 3 Months, Rental agreement)
Salary slips and bank statement for last 3 Months
For Self- Employed
KYC Documents: DOB Proof, Proof of Identity, Address prof
Proof of Residence( Rent agreement, utility bill)
Income proof
Office address proof
Proof of continuity of business
Bank statement for last 6 months
ICICI Bank Personal Loan EMI Calculator
Before you apply, you need to use ICICI bank personal loan EMI Calculator to know what will your monthly installment. You will need three things, Loan amount, internet rate and Loan tenure. After you put them, the result will appear.
How to apply?
Now, the only things that remain to know are how to apply for ICICI personal loan. Here is the step by step process you need to follow.
First, you can download the ICICI bank app from the Google Play Store or iOS store.
You can apply on the official website of ICICI as well.
Create an account.
Check for eligibility.
Fill out the applicant along with submitting the required documents.
Once you are done, a representative from ICICI will call you to verify the details.
After approving, you will receive the funds.