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ICICI Bank Limited – Current Personal Loan Interest Rates



ICICI Bank Limited – Current Personal Loans Interest Rates

New Delhi (Delhi, India), September 11, 2017

ICICI Bank Limited Cuts Personal Loan Interest Rate to 10.99% Per Annum

The ICICI Bank Limited has decreased its personal loan interest rates by 0.51 percent, or 51 basis points with effect from Thursday, February 16, 2017.

ICICI Bank Limited has revised its minimum personal loan interest rate from 11.50 percent to 10.99 percent per annum for ICICI Bank personal loan applicants.

ICICI Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail ICICI Bank personal loans.

ICICI Bank Limited – Current Personal Loan Interest Rates for the New Loans

ICICI Bank Personal Loan Interest Rate for Salaried Applicants:
10.99% to 22.00% Per Annum

ICICI Bank Personal Loan Interest Rate for Self-Employed Applicants:
10.99% to 22.00% Per Annum

ICICI Bank Personal Loans Rate of Interest is Floating or Fixed:
Fixed Rate of Interest

ICICI Bank Personal Loan Processing Fee and Documentation Charges:
2.00% to 2.25% of the Personal Loan Amount plus GST

ICICI Bank Personal Loan Minimum Borrowing Amount:
Minimum Personal Loan Amount is Rs. 50,000

ICICI Bank Personal Loan Maximum Borrowing Amount:
Maximum Personal Loan Amount is Rs. 15,00,000



Minimum Tenure for the ICICI Bank Personal Loans:
Minimum Personal Loan Tenure is 12 Months

Maximum Tenure for the ICICI Bank Personal Loans:
Maximum Personal Loan Tenure is 60 Months

Minimum Net Income Requirement for Availing ICICI Bank Personal Loans:
Minimum Net Income Required is Rs. 12,000 Per Month

Minimum Age Limit for Getting the ICICI Bank Personal Loan Sanctioned:
Minimum Age 23 Years at the Time of Personal Loan Commencement

Maximum Age Limit for Getting the ICICI Bank Personal Loan Sanctioned:
Maximum Age 60 Years for Salaried Applicants and 65 Years for Self-Employed Applicants at the Time of Personal Loan Maturity

ICICI Bank Personal Loan Prepayment Penalty:
Prepayment Penalty: 5% of Principal Outstanding plus GST (Allowed only after 12 EMIs)

ICICI Bank Personal Loan Pre Closure Charges:
Foreclosure Charges: 5% of Principal Outstanding plus GST (Allowed only after 12 EMIs)

Charges for ICICI Bank Personal Loan EMI Late Payment:
Minimum 2% Per Month of the ICICI Bank Personal Loan EMI Outstanding Amount plus GST

ICICI Bank Personal Loan EMI Cheque, SI, or ECS Bounce Charges:
Rs. 500 plus GST

Different Options for Making ICICI Bank Personal Loan EMI Payments:
The three options for making Loan EMI payments are Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)

Security, Collateral, or Guarantor Requirement for the ICICI Bank Personal Loan:
No Security, Collateral, or Guarantor is Required

Documents Required for the ICICI Bank Personal Loan:
(1) ICICI Bank Filled up Personal Loan Application Form, (2) Two Passport Size Photos, (3) Income Tax PAN Card Cop, (4) Identity Proof – Passport, Driving License, PAN Card, Voter ID Card (Any One), (5) Residential Address Proof, and (6) Income Documents

ICICI Bank Limited – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of ICICI Bank Limited


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