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ICICI Bank

ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI) , an Indian financial institution, as a wholly owned subsidiary in 1994.It is an Indian Multi-national banking and financial service provider headquartered in Mumbai.It is an Indian multinational banking and financial services company headquartered in Vadodara, Gujarat, India.

ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its group companies.

Dreaming of a vacation, a perfect wedding, home renovation or a much deired gadget, you no longer need to wait to realize your dreams. Make life picture perfect with ICICI Bank Personal Loans.

Introduction to ICICI Bank Personal Loan
  • Multi-purpose personal loan
  • Fixed rate of Interest, Interest charged on monthly reducing basis
  • Flexible tenures up to 60 months
  • No security, no collateral
  • Loan payable in easy installments
  • Repayment through Auto-debit / ECS / PDC

End use of the ICICI Bank Personal Loan can be House renovation, Holidays, Purchase of consumer durables, Education, Marriage, Short Term loan for equipment purchase, Short Term Working Capital, Any other personal emergency.

Benefits of ICICI Bank Personal Loan : Convenient and Fast

Get a personal loan without any security or guarantor with minimum documentation. Loan Disbursement within 72 hours* of document submission.

  • Interest rate remains unchanged throughout the loan tenure
  • Simple documentation - It can be accessed with minimal paperwork and documentation and doesn’t take much time.
  • Quick processing
  • Direct credit of the loan amount through Fund Transfer (FT)
  • Simple repayment options of ECS, AD or PDC. You can also choose duration as per your choice and tenure starts from minimum 12 months to maximum 60 months

Personal Loan EMI Calculator
Calculate your personal loan EMI payments and compound Interest

Dreaming of a vacation, a perfect wedding, home renovation or a much desired gadget, you no longer need to wait to realize your dreams. Make life picture perfect with ICICI Bank Personal Loans.

  • Get flexible repayment options of 12-60 months
  • Pay interest 10.99% onwards
  • Get Loan disbursement within 72 hours*

Personal Loan Eligibility

You can avail of an ICICI Bank Personal Loan if you meet the following criteria:

Criteria* Salaried
Age 23 years - 58 years.
Net Salary** Salaried individuals with minimum monthly income
Rs.17,500 (Rs.25,000 for applicants
residing in Mumbai & Delhi
; Rs.20,000 for applicants residing in Chennai,
Hyderabad, Bangalore, Pune & Kolkata)
Total years in job/profession 2 Years
Years in current residence 1 Years

Documents Required for Personal Loans
List of documents for Salaried
  • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Latest 3 months Bank Statement (where salary/income is credited).
  • Salary slips for last 3 months.
  • 2 Passport Size photographs.
List of documents for Self-Employed
  • KYC Documents : Proof of Identity; Address proof; DOB proof.
  • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Income proof (audited financials for the last two years).
  • Latest 6 months Bank statement.
  • Office address proof.
  • Proof of residence or office ownership.
  • Proof of continuity of business.

Fees and Service Charges

ICICI Bank offers higher car loan eligibility and lower EMIs at attractive interest rates. Please click here to know more about fees and service charges applicable for ICICI Bank Car Loans.

Disclaimer: The products, services and offers referred to herein are subject to the terms and conditions governing them as specified by ICICI Bank from time to time at www.icicibank.com. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/ services of ICICI Bank.

Home Loan

Getting a home loan from ICICI Bank is quick and easy. We offer higher eligibility and lower EMIs at attractive interest rates.

Moreover, application processing through our TABLET and Smart phone applications ensures faster approval of your home loan.

Pradhan Mantri Awas Yojana

ICICI Bank is pleased to offer "Credit Linked Subsidy Scheme" for EWS and LIG categories under Pradhan Mantri Awas Yojana. The scheme was announced by our honourable Prime Minister Narendra Modi and envisages the vision of housing for all by the year 2022.

Affordable Home Loans at effective rates as low as 4.62% per annum

Calculated on a loan amount of Rs. 25 lakh for a first-time home buyer with an annual family income of Rs.15 lakh and rate of interest of 8.35% per annum considering subsidy of Rs. 2.30 lakh under Pradhan Mantri Awas Yojana (PMAY). The effective interest rate may vary based on the loan amount, PMAY subsidy and applicable income tax slab. The effective rate is applicable for the first year only.

E.g. If your annual family income is Rs. 15 lakh and you avail a home loan of Rs. 25 lakh from ICICI Bank with Credit Linked Subsidy Scheme (CLSS) of PMAY, then you would receive a subsidy of Rs. 2.30 lakh. Also on your above income, you would be able to avail income tax benefit of Rs. 72,244 for a year. Therefore, though the interest rate applied to your loan account is 8.35% per annum, the effective interest rate would be 4.62% p.a. for the first year considering the above benefits.


1% Cashback

Under the 1% Cashback Product you will receive a Cashback of 1% on every EMI paid for the entire loan tenure. The amount of cashback will be either credited to your ICICI Bank account or will be adjusted against principal outstanding of your loan. The cashback amount will be accumulated on all EMIs for the first three years (36 months) and credited at the end of this period. Post this, cashback will be credited yearly till the loan closure.

    Features
  • Available for new Home Loan and Mortgage Loan customers
  • Cashback benefit for up to 30 years
  • Choice of Cashback through Principal Adjustment or credit to Bank Account.
  • Balance Transfer facility available

Home Loan EMI Calculator

Calculate Home Loan EMI

With lower EMIs, ICICI Bank Home Loans are light on your wallet. Lower interest rate and repayment tenure of up to 30 years ensure a comfortable EMI for you during the entire loan tenure. You can estimate your EMI by using our feature rich Home Loan EMI Calculator.

To reduce the EMI burden of a home loan that you have already taken from another bank or Non-Banking Financial Company (NBFC), apply here for balance transfer and save money.

Opting for auto-debit facility on ICICI Bank Savings Account for paying ICICI Bank Home Loan EMI, earns you reward points that can be redeemed against exciting rewards from our partners.


Calculate Home Loan Eligibility

Your dream home is now within your reach with ICICI Bank Home Loans. We offer higher loan amount on your income. Your home loan eligibility can be further enhanced by including income of the co-applicant(s) of your Home Loan.

Home Loan eligibility is calculated after considering various factors including monthly income, fixed monthly obligation, current age, retirement age etc. Your home loan eligibility can also be considered an indicator of your home loan affordability.

Use ICICI Bank Home Loan Eligibility Calculator to calculate the amount that you can borrow.


Home Loan Interest Rate*

B. Below mentioned floating rates are linked to I-MCLR-1Y (One year MCLR) benchmark rate. I-MCLR-1Y is 8.20%.
Category Effective Rate of Interest
₹ 30 lacs to ₹ 75 lacs 8.65%
₹ 75 lacs to ₹ 5 crore 8.70%
Above ₹ 5 crore 8.80%
Salaried Borrower
Category Effective Rate of Interest
₹ 30 lacs to ₹ 75 lacs 8.70%
₹ 75 lacs to ₹ 5 crore 8.75%
Above ₹ 5 crore 8.85%
Self Employed Borrower
Category Effective Rate of Interest
₹ 30 lacs to ₹ 75 lacs 8.70%
Above ₹ 75 lacs 8.75% to 8.85%

Documents Required for Home Loan

Getting a home loan from ICICI Bank is easy and quick. We keep the paperwork and other formalities to a minimum. Proof of your identity, address and income are some of the key documents that are required to be submitted for ICICI Bank home loan.

Moreover, if you are an existing customer of ICICI Bank, you can now enjoy the benefit of reduced documentation.

    Documents
  • Application form with photograph duly signed
  • Identity, residence and age proof
  • Last 6 months bank statements
  • Last 3 months Salary-slips
  • Processing fee cheque
  • Form 16 / Income Tax Returns

Car Loan

ICICI Bank offers car loans up to 100% ex-showroom price of the car, with attractive interest rates and up to 7 years tenure.

Car Loan EMI Calculator

Own your favourite car that you have always dreamt with attractive features of ICICI Bank Car Loans. We offer car loans for New Car, Pre-Owned car and even a loan against car.

  • Loan up to 100% of ex-showroom price
  • Loan tenure up to 7 years
  • Pre-Qualified Car Loans for existing customers

Car Loan Interest Rates

ICICI Bank offers new car loans with fixed interest rate. In fixed interest rate, the interest rate on the car loan will remain fixed during the tenure of the loan.

New Car: Interest rate is based on factors such as customer relationship, car segment and tenure of loan etc.

User Car: Interest rate is based on age and segment of car, tenure of loan and product variant like top up, refinance etc.

Car Loans - Indicative lending rates effective from Jan 01, 2016
Tenure of credit facility Rate of interest
New Car Loans Up to 23 months:12.75%
24-35 months:12.25%
36-84 months:10.75%
Used Car Loans 15.50%

New Car LoanNew Car Loan

Turning your dream into reality is now easy. Own your favourite car that you have always dreamt with attractive features of ICICI Bank Car Loans.

We offer car loans for New Car, Pre-Owned car and even a loan against car.

Features:
  • Loan up to 100% of ex-showroom price
  • Loan tenure up to 7 years
  • Attractive rate of interest
  • Easy documentation
  • Insurance cover for Loan Liability available, repayable along with EMI

Documents Required

At ICICI Bank, we offer convenient, flexible and quick car loan at the click of a button. Keeping your convenience in mind, minimal documents are specified.

Our representative will help you with the formats of documents and the information required.

  • Application form
  • Photographs
  • Identity Proof
  • Address Proof
  • Age Proof
  • Bank Statements
  • Signature Verification
  • Latest Salary Slip / Form 16

Fees and Service Charges

ICICI Bank offers higher car loan eligibility and lower EMIs at attractive interest rates. Please click here to know more about fees and service charges applicable for ICICI Bank Car Loans.

Disclaimer: The products, services and offers referred to herein are subject to the terms and conditions governing them as specified by ICICI Bank from time to time at www.icicibank.com. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/ services of ICICI Bank.

Car Loan

ICICI Bank offers car loans up to 100% ex-showroom price of the car, with attractive interest rates and up to 7 years tenure.

Car Loan EMI Calculator

Own your favourite car that you have always dreamt with attractive features of ICICI Bank Car Loans. We offer car loans for New Car, Pre-Owned car and even a loan against car.

  • Loan up to 100% of ex-showroom price
  • Loan tenure up to 7 years
  • Pre-Qualified Car Loans for existing customers

Car Loan Interest Rates

ICICI Bank offers new car loans with fixed interest rate. In fixed interest rate, the interest rate on the car loan will remain fixed during the tenure of the loan.

New Car: Interest rate is based on factors such as customer relationship, car segment and tenure of loan etc.

User Car: Interest rate is based on age and segment of car, tenure of loan and product variant like top up, refinance etc.

Car Loans - Indicative lending rates effective from Jan 01, 2016
Tenure of credit facility Rate of interest
New Car Loans Up to 23 months:12.75%
24-35 months:12.25%
36-84 months:10.75%
Used Car Loans 15.50%

New Car LoanNew Car Loan

Turning your dream into reality is now easy. Own your favourite car that you have always dreamt with attractive features of ICICI Bank Car Loans.

We offer car loans for New Car, Pre-Owned car and even a loan against car.

Features:
  • Loan up to 100% of ex-showroom price
  • Loan tenure up to 7 years
  • Attractive rate of interest
  • Easy documentation
  • Insurance cover for Loan Liability available, repayable along with EMI

Documents Required

At ICICI Bank, we offer convenient, flexible and quick car loan at the click of a button. Keeping your convenience in mind, minimal documents are specified.

Our representative will help you with the formats of documents and the information required.

  • Application form
  • Photographs
  • Identity Proof
  • Address Proof
  • Age Proof
  • Bank Statements
  • Signature Verification
  • Latest Salary Slip / Form 16

Fees and Service Charges

ICICI Bank offers higher car loan eligibility and lower EMIs at attractive interest rates. Please click here to know more about fees and service charges applicable for ICICI Bank Car Loans.

Disclaimer: The products, services and offers referred to herein are subject to the terms and conditions governing them as specified by ICICI Bank from time to time at www.icicibank.com. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/ services of ICICI Bank.


Simple Loan Process

Turning Money Problem Into Solutions
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Choose Loan Amount

Choose your loan amount and terms to use loan

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Provide Document

Need to provide some basic document to verification

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Approved Loan

Our loan specialist ask fews question and verify docuements.

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Get your Money

Once loan aprroved you get loan amount credit.