ICICI Bank Personal Loan Documents Required

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      ICICI Bank Personal Loan Documents Required

      ICICI Bank Personal Loan Documents Required

      ICICI Bank Personal Loan Documents Required

      ICICI Bank Personal Loan Documents Required are:

      • PAN Card duplicate (Mandatory)
      • Confirmation of Identity: Copy of Passport/Driver License/Voter ID card/Aadhaar
      • Verification of Address: Copy of identification/Driving permit/Voter ID card/Aadhaar, ongoing service charge duplicate, LPG Book duplicate, and so forth
      • Verification of End Use (as per carefulness of HDFC Bank)
      • Affirmed Bank proclamation of most recent 3 months (Passbook of most recent a half year)
      • Last 2 compensation slips/Latest compensation authentication with the most recent Form 16

      Note: ICICI bank may demand additional reports as considered critical reliant on the up-and-comer’s profile.

      Important Aspects

      Following tips could help you increase your chances of approval for an ICICI Bank personal loan:

      • Building and keeping a decent Credit Score: Building and keeping a sound credit profile and a decent financial assessment empowers you to benefit from a personal loan all the more effective as it demonstrates a higher credit value and lower danger of default.
      • Information on the bank’s qualification criteria: You can improve your odds of protecting a personal loan effortlessly if you know and meet all the qualification models.
      • Low credit usage ratio: The proportion of the measure of credit profited to the accessible acknowledged limit is known as Credit use proportion. Keeping a low credit use proportion (for the most part 30% or lower) shows a lower reliance on using a credit card and a higher credit value and in this way, causes you to profit extra credit all the more without any problem.
      • Stable employment and stable history of employment: You can benefit from a personal loan all the more effectively if you have stable employment (with a rumoured association) and steady work history as it shows personal and monetary solidness and a better reimbursement limit.
      • Forgo numerous concurrent loan applications/inquiries: Avoid making various loan applications/inquiries with a few banks all the while or inside a brief timeframe. It demonstrates you to be credit hungry and expands the number of hard inquiries on your credit report, which thusly may influence your credit score unfavourably and diminishes the odds of endorsement of your personal loan.

      Also, check about Canara Bank Personal Loan Documents Required

      FAQs for ICICI Bank Personal Loan Documents Required

      Who is eligible to avail of a personal loan from ICICI Bank?

      The accompanying classifications of candidates are qualified to apply for an ICICI Bank personal loan:

      • People somewhere in the range of 21 and 60 years.
      • Representatives of private restricted organizations and public area endeavours, including neighbourhood, state, and focal bodies.
      • Individuals with the least work insight of 2 years, with at any rate 1 year with the current association.
      • ICICI Bank Salary Account Holders: Should have a base net gain of Rs. 25,000 every month.
      • Non-ICICI Bank Salary Account Holders: Should have a base net gain of Rs. 50,000 every month.

      What is the minimum and maximum loan amount that I can avail myself of on a personal loan from ICICI Bank?

      You can avail a personal loan ranging between Rs. 50,000 to Rs. 40 lakh from ICICI Bank, provided you meet the bank’s eligibility criteria.

      What is the tenure option available on ICICI Bank’s personal loans?

      ICICI Bank’s personal loans come with a repayment tenure ranging between 12 to 60 months.

      How can I apply for an ICICI Bank personal loan online?

      You can apply for ICICI Bank personal loan online by visiting the bank’s official website, by logging into your net banking account, or the bank’s mobile app (in case you are an existing customer) and submitting the ICICI Bank Personal Loan Documents Required.

      How long does ICICI Bank take to disburse personal loans?

      Once ICICI Bank Personal Loan Documents Required are received and verified and the loan is approved, the bank usually takes 3 to 5 working days to disburse the loan amount to your account. While in some cases it might take longer for ICICI Bank to disburse your loan, in case of special offers such as pre-approved loans, disbursal to your ICICI Bank account can be instantaneous.