ICICI Personal Loan

⋆ Interest Rate 9.99% ⋆

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      Table of Contents

      ICICI Personal Loan

      ICICI Personal Loan Key Features Sep 25 2021

      Eligibility Criteria Details
      Age
      23-58 years
      CIBIL Score
      Minimum 750 or above
      ICICI Personal Loan Interest Rate
      10.50% per annum
      Additional Interest on Late Repayment 24% p.a.
      Tenure
      12 to 72* months
      ICICI Personal Loan Processing Fee 1% of the Loan Amount
      Prepayment Charges

      5% on principal outstanding plus GST (for salaried customers)

      Nil, if the loan is closed using own funds (MSME classified customers)

      Part Payment Charges
      Allowed after 12 Months (2 – 4 %)
      Minimum Loan Amount Rs. 50,000
      Maximum Loan Amount Rs. 20 Lakh

      ICICI Bank Personal Loan Rate of Interest

      As of today, ICICI Bank Personal loan interest rates are in the range of 10.50% to 22.00%, with the lowest rates offered to the existing customers of the bank with a strong CIBIL Score and for those working with reputed corporate with a stable employment history. ICICI Bank also runs special schemes for defence, armed forces, and government employees. The personal loan interest rate for government employees and defence personnel is different from private salaried employees.

      ICICI Bank Personal Loan Top-Up Loan Interest Rates

      Existing ICICI Bank personal loan holders may be eligible for a top-up loan from the bank. While not all current personal loan borrowers would be offered a top-up credit, the interest rate for this loan from ICICI starts at 9.99% per annum, the same as a personal loan from ICICI Bank.

      ICICI Bank Personal Loan Status 

      Now stay updated with the status of your loan. Simply just enter the required details and keep track of it at any stage. Just by entering the Applicant Name, Proposal Number, or mobile number, you will simply stay updated with your loan status. 

      ICICI Bank Personal Loan Flat vs Reducing Rate Interest

      In the event of a flat interest rate, Interest is calculated on the entire loan amount, regardless of how much of the principal has been paid off, during the loan term. The monthly EMIs gradually diminish the outstanding amount of the loan principal, which is not taken into account by the flat rate or flat balance technique. The declining balance technique, on the other hand, calculates interest only on the outstanding loan principal each month.

      As a result, as the outstanding loan balance falls month after month, the interest payable reduces as well. As a result, even though flat interest rates are typically cheaper than declining balance interest rates, you will pay more interest over the course of the loan. The declining balance approach is used by ICICI Bank to compute the interest payable on personal loans.

      ICICI Personal Loan Eligibility Criteria

      The eligibility criteria for a personal loan are as follows:

      CIBIL score Criteria
      Excellent score, i.e. 750+
      Age Criteria
      For salaried – 23 to 58
      For self-employed – 23 to 65
      Income  Criteria
      For salaried – Rs. 30000 per month
      For self-employed – Rs. 15 lakhs per year
      Number of years in job/ business
      Salaried – 2 years
      Self-employed – 5 years

      ICICI Personal Loan Interest Rate, Fees & Other Charges

      Category Details
       ICICI Personal Loan Interest Rate
      10.50% Per Annum
       ICICI Personal Loan Processing Charges
      1% of Loan Amount
      Prepayment Charges
      5% + GST
      Stamp Duty
      As per state laws
      Cheque Bounce Chgs
      Rs. 400/cheque + GST
      Floating Rate of Interest
      Not Applicable
      Overdue EMI Interest
      2% p.m.(on overdue amount)

      ICICI Personal Loan Documents Required

      Form Duly filled application form
      Proof of Identity Copy of:
      → Passport
      → Driving License
      → Aadhar Card
      → Voter ID Card
      Proof of Address Rent Agreement (Min. 1 year of stay)
      Utility Bills
      Passport (Proof of permanent residence)
      Ration card
      Proof of Income → ITR: Last two Assessment years
      → Salary Slip: Last 6 months
      → Bank Statement: Last 3 months

      Personal Loan EMI Calculator for ICICI Bank

      ICICI Bank EMI Calculator for Personal Loan:

      ICICI Personal Loan Comparison with Other Banks

      Bank Interest Rate Tenure Loan Amount & Proc Fee
      ICICI Bank 9.99% 12 to 60 months Up to Rs. 20 lakh / 1% to 2% of Loan Amount
      HDFC Bank 10.50% to 21.50% 12 to 60 months Up to Rs. 40 lakh / Up to 2.50% of the loan amount
      Bajaj Finserv Starting from 12.99% 12 to 60 months Up to Rs. 25 lakh / Up to 3.99% of the loan amount
      Axis Bank 1.049% to 24% 12 to 60 months Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount
      Citibank Starting from 10.50% 12 to 60 months Up to Rs. 30 lakh / Up to 3% of the loan amount

      Other Loan Products from ICICI

      ICICI Gold Loan ICICI Car Loan ICICI Home Loan ICICI Business Loan
      ICICI TWL ICICI LAP ICICI Credit Card ICICI Education Loan

      Why Dialabank for ICICI Personal Loan?

      • Our motto here at Dialabank is ‘make things simple’. We help bring every piece of information related to ICICI Personal loans in a detailed and easy-to-understand manner.
      • We don’t charge you for our services.
      • We help you avail of the best features available.
      • We help you apply for an ICICI Personal loan without any hassle through our website.
      • We offer a document pick-up facility from your doorsteps.
      • We offer a personalized service. You can call us in case of any queries.

      Call us at 9878981166 to avail of the ICICI Personal Loan.

      How to Calculate EMIs for ICICI Personal Loan

      To calculate your EMIs for the ICICI Bank Personal Loan, just enter all the values such as the principal loan amount, tenure in months, and the rate of interest. Enter any extra charges such as prepayment charges and processing fees. The calculator will give you the exact monthly payable amount. This will help you plan your repayment.

      ICICI Personal Loan Processing Time

      Your ICICI Bank Personal Loan takes about half a month to be processed and disbursed. However, if you are already a customer and your personal loan is preapproved or applied online, your loan can be processed in seconds. The bank charges a processing fee of just 2.25% of the loan amount + GST.

      ICICI Personal Loan Preclosure charges

      Prepayment means repaying a part of your loan before the tenure ends, while foreclosure means repaying your entire loan amount lump sum before the tenure ends. ICICI Bank allows you to prepay or foreclose your personal loan after payment of 6 EMIs with a foreclosure charge of 5% of the outstanding loan amount.

      Documents Required for Preclosure of  Personal Loan 

      Generally, the following documents are required to foreclose your ICICI Bank personal loan:

      • A valid photo identity proof
      • Loan Account Statement
      • Cheque/ demand draft/ cash to make the payment

      ICICI Bank Personal Loan Foreclosure Benefits 

      Given below are a few key benefits of foreclosing your ICICI Bank personal loan:

      Foreclosure / Full Prepayment

      • Helps you save on the overall interest payout.
      • Frees you from the burden of regular loan repayments.

      Partial Prepayment

      • It enables you to save on the interest component.
      • You also have the advantage of either paying a reduced EMI amount or having a shorter loan tenure.

      ICICI Bank Prepayment Facility

      ICICI Bank also offers a prepayment facility to help the customers pay off the entire outstanding or a part of it. If you have a surplus amount of money in hand and meeting the below criteria then you can pay a part of your principal outstanding amount to reduce the same. This will also help in saving interest accrued on the principal amount. Know more about this facility below.

      • Prepayment will be allowed subject to the successful payment of the first 12 EMIs
      • Prepayment will be allowed a maximum of twice during the entire tenure of the loan
      • Prepayment is allowed only once a year
      • At any point in time, the prepayment will not exceed 25% of Principal Outstanding

      Charges to be paid on Prepayment

      • 13-24 Months – 4% of the outstanding loan balance
      • 25-36 Months – 3% of the outstanding loan balance
      • More than 36 Months – 2% of the outstanding loan balance

      Pre Calculated EMI for Personal Loan

      Rate
      5 Yrs
      4 Yrs
      3 Yrs
      10.50%
      2149
      2560
      3250
      11.00%
      2174
      2584
      3273
      11.50%
      2199
      2608
      3297
      12.00%
      2224
      2633
      3321
      12.50%
      2249
      2658
      3345
      13.00%
      2275
      2682
      3369
      13.50%
      2300
      2707
      3393
      14.00%
      2326
      2732
      3417
      14.50%
      2352
      2757
      3442
      15.00%
      2378
      2783
      3466

      ICICI Personal Loan for Salaried Employees

      ICICI offers personal loans for Salaried employees at attractive interest rates. The employees need to have a minimum net income of Rs. 30000 per month and should be employed for at least 2 years in total and 1 year in the existing job. The personal loan offers easy repayment options, thus enabling the salaried employees to fulfil any of their personal requirements without them becoming a burden on their finance.

      ICICI Personal Loan for Self Employed Individuals

      ICICI Bank Personal Loan for Self Employed is a loan product to self-employed professionals for a tenure of 1 year to 5 years. The applicants should be aged between 21 to 65 years and should have a minimum annual turnover of Rs. 15 lakhs. Self-employed professionals also have to submit more documents than Salaried employees, but they can avail of a loan amount up to Rs. 20 lakhs. Thus, a personal loan is very useful for them.

      ICICI Bank Personal Loan for TCS Employees

      • Exclusive personal loans with a reasonable interest rate of 11.25% p.a.
      • EMI for personal loans starts at Rs.2178 per lakh when terms and conditions are met.
      • The hassle-free documentation process for TCS employees.
      • Pre-approved personal loans for eligible TCS employees.
      • Interest rate starting at 11.99% p.a for superbike loans.
      • Great offers on home loans with an interest rate of 9.45% p.a and discount interest rate for women at Rs.9.40% p.a.

      ICICI Bank Moratorium Process

      The process to stop your loan EMIs at ICICI Bank is as follows-

      • Visit the ICICI Bank website or use the mobile app
      • Click on the link where the option of moratorium period is popping out
      • On the application page, mention your registered mobile number, name, email address
      • After that enter your date of birth and select the type of loan
      • Enter your loan number and mention your EMI amount
      • Then make a decision and choose a suitable service
      • Click on the EMI deferment option that says I agree to pay the accrued interest on the outstanding balance
      • Click on the ‘Submit’ button
      • The bank will check the details thoroughly and process your moratorium request
      • You’ll be given a reference upon the successful completion of the process on your registered mobile number and email address.

      However, if you don’t want to defer EMI, you must click on the second option after the deferment option. This will ensure EMI payments are as scheduled with no extra interest charged on them. Select the defer option if your answer is yes otherwise your EMI debited as it was doing in the past

      ICICI Bank representatives can also get in touch with you via WhatsApp or call regarding the moratorium process.

      ICICI Bank Personal Loan Special Pricing 

      If a customer is looking for INR 15 lakh of the loan amount or more than that below rates would be applicable.

      Loan Amount IRR Processing Fee (+GST)
      Loan amount >=15 lakh* 10.50% INR 3999

      *Terms & conditions apply

      This offer is not applicable for Top-up/ Enhancement/ Existing loan amount closure.

      If a customer is looking for a Balance transfer and a fresh loan of above INR 10 lakh above, the below offer is available.

      NTH Loan Amount IRR Processing Fee (+GST)
      >=50000 Loan amount >=10 lakh* 10.50% INR 3999

      *Terms & conditions apply

      • Not applicable on Existing loan closure
      • Not applicable for Credit card BT

      How to Manage Personal Loan 

      Here are the 4 tips that will help you manage your loans:
      1. Pay On Time
      The first step is to avoid late fees and penalties. The best way to do that is by paying your monthly payments on time every month. This also hits the credit score. These are needless and all too common consequences that will work against your financial condition.
      If you have just taken a personal loan or are about to, the best way to manage your loan is by making a monthly payment on your loan as soon as you receive the loan. By being a payment ahead of your instalment plan you will have a buffer against a missed payment.

      2. Pay More Than Your Minimum
      Paying beforehand is a good option for managing your plans but paying a little extra every month keeps you ahead of your loan term and provides you with some other financial bonuses.
      Moreover, paying extra on your loan reduces the length of the repayment plan. This will help you clear the debt and allows you to regain your financial independence sooner. It will also reduce the rate of interest you owe and thus, saving you money in the long run.
      Paying off your debts faster also leads to an improvement in your credit score. A lower credit score will benefit you in several ways, like dropping down payments and rates of interest.

      3. Consolidate Your Loans
      For debtors managing multiple personal loans, consolidation could be the best way to simplify your debt repayment. Debt Consolidation is when you take a large loan to repay all the other loans you have taken. So, instead of paying multiple lenders every month with different rates of interest and needs, one can make a single payment to one provider.
      Debt Consolidation is helpful if you can save an interest rate on a new loan that is lower than the average interest rate of the earlier loans.
      The only disadvantage that lies here is that one will likely end up having to reimburse the debt quicker than before. Before consolidating your debt, make sure that you can make the payments on a new loan. This may also help to reimburse large portions of your loans on credit rather than with a single loan, consolidating it into more controllable pieces.

      4. Credit Score
      Last but not the least, always keep a close watch on your credit score while reimbursing a personal loan. The credit score plays a major role in finances and has an important relationship with the loans taken out. How you manage your loans is reflected in your credit score. On the other hand, falling behind on your payments will subordinate the credit score. Thus, a higher credit score is important.

      Different Personal Loan Offers by ICICI Bank

      ICICI Doctor Loan

      ICICI Bank offers special personal loans to doctors. Doctors can avail of a personal loan from the age of 25 years as opposed to 28 years for other self-employed professionals, and the business stability for doctors should be only for 3 years as opposed to 5 years for others. Doctors can avail of this loan as a solution for any of their financial problems and emergencies.

      ICICI Marriage Loan

      ICICI offers Personal Loan for Marriage to people who need to pay for any wedding-related expenses or any wedding functions. This personal loan for marriage can be used for anything and helps you fund a wedding without it being a burden on your financial condition. The loan, if preapproved, can be disbursed on the same day. You can apply for it online.

      ICICI Personal Loan for Government Employees

      ICICI Personal Loan for Government Employees is very useful for people working in government agencies and are offered at low-interest rates, starting at just 9.99% per annum. These loans can be availed of with other special offers and a quick disbursal. The bank does not charge any processing fee in case a loan is availed of by the Defence Personnel. This loan can be applied for online through Dialabank or in person by visiting the nearest bank branch.

      ICICI Personal Loan Offers for Government Employees:

      Offers By Government Number of Companies Processing Fee(% of the Loan Amount IRR
      Miniratna, Navratna, and Maharashtra 55 1.50% 13.49%
      11.49%
      10.99%
      Pensioner All 1.50% 14.75%
      Employees from the Railway Department All 1.50% 16.50%
      15.00%
      14.25%
      CISF, CRPF, ITBP, SSB and BSF All 1.50% 14.75%

      State and Central Government Officers:

      Section Salary Processing charge IRR
      Government Officer Division A (GA) and Division B (GB) NTH>24k 2% 16.75%
      NTH>35k 2% 15%
      NTH>50k 1.75% 14.75%

      ICICI Personal Loan for Pensioners

      The ICICI Personal Loan for Pensioners can be availed of by retired employees of the Central Government, State Government, and Defence Forces. The bank offers many attractive features when it comes to Personal Loan for Pensioners such as:

      • Minimum Pension Amount – 25000
      • 50% of extra income (FD interest rental income, etc.) can be counted as Actual Income
      • Low personal loan interest rates
      • Tenure starting from 12 months

      ICICI Personal Loan Balance Transfer

      Personal Loan Balance Transfer refers to a process where you shift your entire outstanding personal loan amount from one lending institution to another. You can avail of this option if the repayment in the current personal loan terms is becoming a burden for you and some other lender is charging you lower interest rates and offering some other features as well. To transfer your loan balance, you will just have to pay the foreclosure fee to the existing lender (only on fixed interest rates) as well as the processing fee to the new lender.

      The process of balance transfer with ICICI bank is extremely easy.

      ICICI Personal Loan Top Up

      You can avail of the personal loan top up facility from ICICI Bank if you want to borrow an additional loan amount after the tenure ends. The top-up facility can easily be applied for if you were regular in your EMI Payment. ICICI Personal Loan top-up can be availed of with quick disbursal and no collateral requirement for a maximum amount equal to the original loan amount.

      ICICI Bank Personal Loan Overdraft Scheme

      For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at ICICI bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the ICICI online banking portal and from there you can fill out a simple form and get an overdraft under your name.

      ICICI Bank Home renovation loan

      ICICI Bank offers home redesign credit for people who wish to get their homes revamped. This individual credit can support necessary fixes or help the candidate get new fittings, installations, and furniture for their home. Some vital highlights of ICICI Bank Home Renovation Loan are:

      • The financing cost for ICICI Bank’s Home Renovation Loan begins at as low as 11.25%.
      • People might be qualified for an advance sum up to Rs. 20 Lakh to get their home remodelled
      • Home remodel credit from ICICI Bank requires negligible documentation, making the whole advance cycle bother free.
      • The advance sum ordinarily gets credited into the record within 72 hours once the bank favours your application.

      ICICI Bank Holiday Loan

      ICICI Bank’s Holiday Loan can assist you in organizing your fantasy get-away with a minor issue. This individual advance from ICICI can subsidize a scope of excursion related costs, including flight ticket booking, lodging facilities, guided visits, and so forth Key highlights of ICICI’s Holiday Loan are:

      • Financing costs for Holiday Loans start at 11.25% p.a.
      • You can do without much of a stretch profit a measure of up to Rs 20 Lakh, so your fantasy excursion won’t be spoilt because of a monetary crunch.
      • Streamlined and Minimal documentation guarantees that financing your get-away is basic and straightforward.
      • Brisk preparing and disbursal of advance which is attributed straightforwardly to your record

      ICICI Bank Fresher Funding

      A dominant part of unstable individual credits is focused on people with customary pay anyway ICICI Bank’s Fresher Funding is extraordinary. This credit alternative from ICICI Bank is intended to help freshers, for example, ongoing alumni looking for their first work. Some vital highlights of ICICI Bank Fresher Funding individual credit are as per the following:

      • Credit sum up to Rs 1.5 lakh
      • The candidate must be at any rate 21 years of age.
      • The pace of interest for Fresher Funding relies upon the profile of the advanced candidate, the financial record/score, age, and area of the candidate.

      ICICI Bank NRI Personal Loan

      Understanding the necessities and dreams of NRIs, ICICI Bank offers an individual advance explicitly for NRIs. The essential advanced candidate should be an Indian inhabitant, and the co-candidate NRI must be a nearby family member. Individual Loan for NRIs incorporates the accompanying highlights.

      • ICICI Bank offers NRIs individual advances up to Rs. 10 lakh with adaptable end-use
      • The financing costs for NRI Personal Loan start at 15.49% p.a.
      • The credit includes a residency of as long as three years.

      ICICI Personal Loan Preclosure Online

      ICICI Bank enables a Personal loan borrower to make a pre-closure or a pre-payment of a loan. However, you will be able to prepay your ICICI Personal Loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable. If you meet this requirement, you can repay your personal loan before the original due date and close your loan early.

      ICICI Bank Personal Loan Process Steps

      Step 1: Determine your requirement.
      Figure out why you need a Personal Loan and how much you need. For example, you may need a loan to fund your wedding or to renovate your home. And you may need just Rs. 1 lac or Rs. 10 lac.

      Step 2: Check loan eligibility
      Once you know how much you need, you should check whether you are eligible. You can visit the ICICI Bank Personal Loan Eligibility Criteria online, to find out how much you can borrow as a Personal Loan. ICICI Bank offers loans up to Rs. 40 lac.

      Step 3: Calculate monthly instalments –
      Use an online EMI tool to calculate your approximate loan repayments every month. You can modify the interest rate and tenure to match your monthly income, like on the ICICI Bank Personal Loan EMI Calculator. ICICI Bank offers pocket-friendly EMIs on all its Personal Loans starting at Rs. 2149 per lac * (T&C).

      Step 4: Approach the bank –
      You can apply for a Personal Loan with ICICI Bank in various ways: Via Net Baning, online on the ICICI Bank website, at an ATM, or by visiting a branch.

      Step 5: Submit documents -.
      Next, find out what documents are required for a Personal Loan. You will usually need income proof (bank statements, salary slips or IT returns), address proof, and ID proof. Hand over copies of your Personal Loan documents at the bank.

      Wait for funds to be remitted to your account. ICICI Bank disburses funds for pre-approved loans to customers in 10 seconds*, and for non-ICICI Bank customers in 4 hours*.

      That’s how to get a Personal Loan in 5 easy steps!

      ICICI Bank Personal Loan Prepayment Charges 

      If you are a salaried applicant, you can pre-pay your ICICI Personal Loan only after paying 12 equated monthly instalments completely.

      The pre-payment charges for salaried applicants are as follows:

      • 4% of the outstanding principal amount for 13 to 24 months.
      • 5% of the outstanding principal amount for 25 to 36 months.
      • 2% of the outstanding principal amount for more than 36 months.

      How to Apply Online for ICICI Personal Loan?

      To apply for an ICICI Bank Personal Loan online, you can visit its online portal or download its mobile app. To apply through Dialabank:

      ICICI Bank Personal Loan

      1. Visit our Dialabank website.
      2. Click on the personal loan option on the menu.
      3. Fill up the form with your details.
      4. We will shortlist offers for you and mail them to you.
      5. We will then call you and assist you further.
      6. Thus, you can avail yourself of the best personal loan offer in record time.

      ICICI Bank Personal Loan verification process

      Coming up next are essential strides of the individual credit check measure after online accommodation of your advance application on Dialabank.

      Step1. Dialabank will advance your advance application to your picked bank and generally within 48 hours, and you will get a call from the moneylender’s agent.

      Step2. The imminent loan specialist will plan a pickup of your KYC, pay, and so forth reports or give a choice to transfer them on the web. These reports will be utilized to confirm your application.

      Step3. When the moneylender’s check is finished, and your advance is endorsed, you will get another call to confirm the credit offer and request your permission for disbursal.

      Step4. After credit endorsement and fruitful check, the advance is generally dispensed within 48 hours.

      Note: The above-mentioned turnaround time for personal loan verification/disbursal may vary based on the lender’s internal demands as well as other criteria.

      Check your bank ICICI Personal Loan Application Status

      To check the status of your ICICI Bank Personal Loan, you can:

      • Visit the bank branch personally where you had applied for the loan and give the loan officer your loan application details
      • Visit the website of ICICI Bank and fill in your loan details.
      • Send your loan details to the bank via email.
      • Through the I-mobile app of the bank
      • These methods enable you to track your loan status easily.

      How to Login to The ICICI Bank Portal

      • Visit the official website of ICICI Bank.
      • On the top right corner of the page click on ‘Login’.
      • Log in using your User ID and Password or your recorded mobile number.

      ICICI Bank Personal Loan Statement

      • Visit the official website of ICICI Bank.
      • Navigate through the page and click on the “Register New Loan”.
      • Fill in all the required details.
      • Now click on the submit key.
      • After which you will receive an OPT that will direct you to register for Loan Statement.

      ICICI Personal Loan Restructuring (COVID-19)

      The cross country lockdown because of the COVID-19 pandemic has affected numerous borrowers antagonistically and to moderate its effect to a specific degree, a multi-month ban on different term advances was declared. After the fruition of the half-year ban, ICICI Bank had reported the RBI-commanded one-time advantage of ICICI Bank individual credit rebuilding. This instrument is intended to give proceeded with alleviation to those borrowers who are as yet unfit to begin reimbursement of their normal EMI due to ongoing money related difficulty coming about because of the pandemic.

      The credit goal system presented by ICICI Bank offers an extra ban of as long as two years or an augmentation on the current reimbursement time frame to diminish the month to month EMI instalments. It is imperative to shoulder as a main priority that rebuilding your ICICI Bank individual credit will bring about extra premium charges well beyond those of the first advance. Consequently, this alleviation instrument should just be utilized if all else fails with the goal that you don’t wind up defaulting on your great credit.

      ICICI Bank Customer Care

      Customers can contact the ICICI Bank customer care via any of the following means:

      • By Phone: You can call ICICI Bank on 1860 120 7777 (toll-free).
      • Callback Request: You can also request a call back by visiting the bank’s website
      • Online Chatbot: You can also get your queries answered by the iPal chatbot online
      • Branch Visit: You can visit the nearby ICICI Bank branch to get your queries.

      Benefits of Applying for Personal Loan on Dialabank

      There are different points of interest in applying for a personal advance on the Dialabank site. Some of them are given beneath: 

      • 24 x 7 Accessibility: You can get to the Dialabank site whenever and anyplace and in this manner, apply for an individual advance whenever from the solace of your home or office. 
      • Different moneylenders on a solitary stage: Dialabank empowers you to get to individual credit offers from various planned loan specialists on a solitary stage and accordingly kills the need to visit numerous bank sites or branches. 
      • Know EMI in a split second: With the individual advance EMI calculator, you can check the EMIs you would be paying on an individual credit even before you apply for one. It will assist you with acquiring the suitable sum that you can without much of a stretch reimburse and have a helpful reimbursement plan. 
      • Liberated from cost: Additionally, you are not needed to pay any charges when you apply for an individual advance on Dialabank.

      How to get the best offer on ICICI Personal Loan?

      You can get the best personal interest rates from ICICI Bank subject to an assessment of your loan amount, salary, other obligation company you work with, and loan tenure. The following factors determine the personal loan rate of interest you can expect to get from ICICI:

      • Loan Amount – This is the amount borrowed by a borrower from the bank. Generally, banks offer lower interest rates for higher amounts. ICICI Bank offers loans between ₹ 50,000 and ₹ 35 Lacs.
      • Salary – Income defines your capacity to repay the loan. Higher salary bracket individuals are offered loans at lower interest rates. The interest rate of the bank varies with your net monthly income.
      • Employer Category – ICICI Bank has an internal list of companies falling into categories that are ranked from high to low company categories based on the company’s size, reputation, and existing relationship with the bank. Employees who belong to companies in higher company categories get attractive discounts and low-interest rate loans.
      • Relationship with the Bank – ICICI Bank offers special rates, offers, and charges to the existing account holders of the bank. Those who have managed their accounts and made all the payments on time in the past will get the benefit of a low HDFC Bank loan interest rate.
      • Loan Tenure – Personal loans are of shorter tenure ranges from 12 months to 60 months as they are taken to meet their immediate requirements.
      • Repayment Capacity – Before giving a loan to the borrower, ICICI Bank checks the repayment capacity of the borrower. Bank verifies the repayment capacity of the customer through CIBIL as it has the repayment track record of previous loans taken. CIBIL also captures information on credit card bills payment.

      How does ICICI Bank Personal Loan work?

      Here is the process:

      Maximum Annual Percentage Rate (APR) 11% to 22.5%
      A representative example of the total cost of the loan, including all applicable fees
      Here is an illustration of the total cost of the loan:

      Total amount borrowed: ₹ 1,00,000

      Time period: 12 Months to 60 Months

      ICICI Bank Personal Loan Interest Rate: 10.50% to 22.00%

      Processing Fee payable to Upto ₹ 2,500

      Fee payable to MyLoanCare: NIL

      Total Monthly Cost – From ₹ 2,149 for 60 Months ₹ 1,00,000 loan at 10.50% (lowest rate, longest time period) to ₹ 9,359 for 12 Months ₹ 1,00,000 loan at 22.00% (highest rate, shortest time period). This is inclusive of principal repayment.

      Annual Percentage Rate (APR) of charge including all applicable fees: 11% to 22.5%

      Total cost payable over loan tenure: ₹ 8,278 for 12 Months loan to ₹ 31,463 for 60 Months loan

      Important Aspects

      Given underneath are some significant angles that you should consider while applying for an individual credit with ICICI Bank:

      • While applying for a personal advance, it is in every case great to check your financial assessment. A decent credit assessment builds the odds of endorsement of your credit and can empower you to benefit an individual advance on more great terms.
      • Before settling upon a specific bank, it is prudent to think about the expense of an individual credit (premium expense and all the reasonable expenses and charges) offered by different moneylenders on Dialabank.
      • Acquire as per your need and reimbursement capacity. Try not to acquire just because you are qualified to get a higher sum. It will just add to your advantage cost and not have many advantages over the long haul.
      • Try not to apply for individual advances with various moneylenders simultaneously. It shows you to be eager for credit and expands the number of challenging requests for your credit report, which may antagonistically influence your Credit rating.

      FAQs About ICICI Personal Loan

      ✅ How to apply for ICICI Personal Loan?

      There are multiple ways to apply for ICICI personal loan:

      • Visit the nearest ICICI Bank branch.
      • Apply online on the ICICI Bank website.
      • Choose the smartest way by applying with Dialabank.

      Dialabank gives you the lowest rates and the best deals for your financial needs.

      ✅ What is the Interest Rate for ICICI Personal Loan?

      The rate of interest in ICICI for personal loans is 9.99% per annum.

      ✅ What is the minimum age for getting a Personal Loan from ICICI?

      The minimum age required for a personal loan from ICICI is 21 years old.

      ✅ What is the maximum age for getting a Personal Loan from ICICI?

      The maximum age allowed for ICICI personal loan products is 65.

      ✅ What is the minimum loan amount for ICICI Personal Loan?

      The minimum loan amount for a personal loan from ICICI is Rs 50,000.  

      ✅ What is the maximum loan amount for ICICI Personal Loan?

      ICICI lets you borrow a maximum loan amount of Rs. 20 lakhs under the various personal loan schemes.

      ✅ What are the documents required for ICICI Personal Loan?

      You will need your Aadhaar card/Voter ID, PAN card, salary slips/ITRs as income proof, and two recent passport-sized photographs for a personal loan from ICICI.

      ✅ What is the Processing Fee for ICICI Personal Loan?

      ICICI charges a processing fee of 1% of the Loan Amount for personal loans.

      ✅ How to get ICICI Personal Loan for Self Employed?

      ICICI has special offers for self-employed individuals that may need money for their personal expenses. The tenure ranges from 12 to 60 months. Dialabank provides you with convenient loan options and acts as your friendly financial advisor. 

      ✅ What is the Maximum Loan Tenure for ICICI Personal Loan?

      The maximum tenure period for ICICI personal loan is 60 months.

      ✅ What is ICICI Bank Personal Loan Preclosure Charges?

      ICICI Bank allows you to prepay or foreclose your personal loan after payment of 6 EMIs with a foreclosure charge of 5% of the outstanding loan amount.

      ✅ What should be the CIBIL Score for ICICI Personal Loan?

      You will need a minimum CIBIL score of 750 or above to avail of an ICICI personal loan.

      ✅ Do I have a preapproved offer for ICICI Personal Loan?

      You can check for your preapproved personal loan offers from ICICI through Dialabank. All you have to do is fill a form, and we will contact you with the best offers as per your needs. 

      ✅ How to calculate EMI for ICICI Personal Loan?

      You can use the Dialabanks EMI calculator to calculate your ICICI personal loan EMIs.

      ✅ How to pay ICICI Personal Loan EMI?

      You can pay your ICICI personal loan EMIs through several options:

      • Direct deduction from your bank account through ECS.
      • Net-banking and online payment services of ICICI.

      ✅ How to close ICICI Personal Loan?

      To close a personal loan from ICICI, you will have to pay all your outstanding loan amount and then collect the payment receipt and no dues certificate for future reference.

      ✅ How to check the ICICI Personal Loan Status?

      You can check your personal loan status by contacting the ICICI Bank on their customer care number or through the ICICI Bank website. You can also contact Dialabank and let us handle all your financial worries.

      ✅ How to close ICICI Personal Loan Online?

      To close a personal loan from ICICI online, follow these steps:

      • Visit the online payment page of the ICICI website.
      • Log in using your loan account credentials.
      • Pay all the due amount for your personal loan and save the transaction receipt.
      • Visit the branch and take a no dues certificate using your payment receipt. 

      ✅ How to pay ICICI Personal Loan EMI Online?

      Your personal loan EMIs can be paid using the different online and mobile banking services of ICICI. Dialabank helps you choose the best and the lowest EMI personal loan available. You just have to fill in a simple form, and we do the rest for you.

      ✅ How to check Personal Loan Balance in ICICI?

      To check the personal loan balance in ICICI, you will have to contact the bank’s customer care number or visit the nearest branch in person. You can also visit Dialabank to avail of the lowest interest personal loans and fill a simple form for Personal Loan Balance Transfer to reduce your EMI burden.

      ✅ How to download ICICI Personal Loan Statement?

      To download the personal loan statement of ICICI, you can use the ICICI mobile banking app. You can also fill a form on Dialabank to compare all the personal loan offers for your needs.

      ✅ How to Top Up Personal Loan in ICICI?

      To get a top-up on your personal loan from ICICI, you will have to visit the ICICI branch in person. You can alternatively fill a simple form with Dialabank and get a Personal Loan Top Up.

      ✅ What happens if I don’t pay my ICICI Personal Loan EMIs?

      ICICI charges a penal interest of 2% per month on your outstanding loan amount if you do not pay your personal loan EMIs. 

      What relaxation scheme and moratorium ICICI provides about Personal Loan due to Covid 19?

      The credit goal system presented by ICICI Bank offers an extra ban of as long as two years or an augmentation on the current reimbursement time frame to diminish the month to month EMI instalments.

      ✅ How to find the ICICI Personal Loan account number?

      You can find your ICICI personal loan account number by contacting your loan branch. You can also fill a form on Dialabank and leave all the hard work to us.

      ✅ What is the ICICI Bank Gold Loan closure procedure?

      • Just go to the bank with the documents.
      • Write a letter for pre-closure of the ICICI Bank Personal loan account.
      • Pay the pre-closure charges as per ICICI Bank Personal  Loan.

      ✅ What is the ICICI Bank Gold Loan overdraft scheme?

      For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at ICICI bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the ICICI online banking portal and from there you can fill out a simple form and get an overdraft under your name.

      ✅ What are the ICICI Bank Personal Loan preclosure charges?

      ICICI Bank Personal Loan preclosure charges are Nil.

      ✅ What is the ICICI Bank Personal Loan maximum tenure?

      The ICICI Bank Personal loan’s maximum tenure is 36 months.

      ✅ What is the ICICI Bank Personal Loan minimum tenure?

      The ICICI Bank Gold Loan minimum tenure is 3 months.

      ✅ What is the ICICI Bank Personal Loan customer care number?

      You can call ICICI Bank on 9878981166.

       

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