For financial support from the bank’s or non-financial banking company, you should check eligibility criteria first, so that you know getting approval or not. See, the ICICI is the trustworthy bank in private sector, who can give you best support to fulfilling your desire. You can do anything with your product like shopping, traveling, dining, and more activities.
You can use a personal loan for various purpose according to your requirements. It would be related to your home renovation, wedding, holiday, travel, study or any reason. When the lenders can provide you privileges, that means they know individual’s needs and try to fulfill it with their services.
If we talk about ICICI personal loan eligibility factor, so in this part we can explain you age eligibility and KYC which you have to provide to the bank. After that, they can verify all the documents, if everything as per banks norm then you will get automatically ok otherwise, have to wait and try it again after uploaded correct information.
ICICI Personal Loan Eligibility For Salaried Individual
- The minimum age should be 23 years
- Maximum should be 58 years
- A spotless credit history
- For individual minimum monthly income must Rs 17, 500
- Your total job experience should be 2 years with at least 1 year of work experience in the current profile
For Salaried Individuals KYC Factor
- You should provide signed loan application form with photograph
- Voter ID, passport or any governmental photo ID proof as an identity
- Aadhaar card, passport, and latest electricity bill for address
- Processing fee cheque
- Latest 3 months bank statement
- Last 3 months salary slip
ICICI Personal Loan Eligibility For Self-Employed
- For ICICI personal loan eligibility self-employed individual minimum age should be 28 years
- The maximum age 65 years
- Your minimum turnover should be Rs 40 lakh for non-professional and Rs 15 lakh for professionals
- Current business handling at least 5 years
- If you are an existing customer, then minimum 1-year liability is required with repayment tracker
For Self-Employed KYC Factor
- You should provide signed loan application form with photograph
- Voter ID, passport or any governmental photo ID proof as an identity
- Aadhaar card, passport, and latest electricity bill for address
- Processing fee cheque
- Latest 6 months bank statement
- Need to share income proof with last 2 years audited financials
What Is The ICICI Personal Loan Interest Rate?
When you are going to take benefits of personal loan for own usage, that time you should check interest rate also. It’s a factor where you can know, is it beneficial for you after taking it from the bank or not.
The ICICI interest rate is 10.99% to 18.49% with up to Rs 40 lakhs amount for five years. Your processing fee is Rs 999 -2.25% of the loan amount with GST and prepayment charges are 5% of principal outstanding with GST.
How Can You Calculate Your EMI?
It’s a smooth process with EMI tool, you can put all the details and within a second get your exact payable calculation. The personal loan calculates your account details like amount, tenure, and interest rate. After including all, you get to know the interest and total payable amount. For example, calculation of Rs 5 lakhs taken an interest rate 10.99% for five years.