ICICI Personal Loan, Interest Rate and EMI Calculator August 2017

 

(Updated on 01.08.17) ICICI Personal Loan EMI Calculator August 2017: Get Instant Quick & Easy Approval on ICICI Personal Loan. Loansninsurances.com provide a simple tool to calculate your Personal Loan ✓ Eligibility ✓ Monthly EMI ✓ Loan Amount ✓ ROI ✓ Principal Amount ✓ Total Interest & more online.

ICICI PERSONAL LOAN – QUICK, EASY & INSTANT APPROVAL ONLINE

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Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
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Latest News about ICICI Bank

(29.07.17) ICICI Bank Q1 profit slips 8% YoY to Rs 2,049 crore ICICI BankBSE -3.60 % on Thursday reported 8.21 per cent year-on-year fall in net profit at Rs 2,049 crore for the quarter ended June 30, 2017 against Rs 2,232.35 crore in the corresponding quarter last year. (Sources: Economictimes)

(21.07.17) Get pre-approved ICICI Personal loans via ATMs Ranging from Rs 1 Lakh to Rs 15 LakhICICI Bank is making personal loans, ranging from Rs 1 lakh to Rs 15 lakh, available to account-holders on all its ATMs. The bank is using a combination of artificial intelligence (AI) and analytics to parse its savings accounts database to determine loan eligibility. Interest on these loans will range from 11.5-15% for loans from one to five years. Since all customer details are already available with the bank, the account holder does not have to fill any forms but merely enter his PIN. “We have put all the complexity behind the machine to bring simplicity to the customer. This is similar to normal personal loans but the disruption is around delivery. There is no form filling or manual processing.(Sources: Times Of India)

ICICI Personal Loan

ICICI Personal Loan is the widely preferred multi-purpose loan perfectly designed to help borrowers to fulfill their any immediate authentic financial emergency. ICICI Personal loan is extensively popular for its quick loan approval –Personal Loans are approved within 72 of complete documents submission. ICICI Personal Loan can be utilized for House renovation, Holidays, Purchase of consumer durables, Education, Marriage, Short Term loan for equipment purchase, Short Term Working Capital, Any other personal emergency.

ICICI Bank Home Loan is the quickest and easiest Home Loan which has higher eligibility and low EMIs at attractive interest rates. Get your ICICI personal loan linked with Home Loan without any hassle.

ICICI Personal Loan Interest Rates June 2017

Interest Rate 11.29% – 22.00%
Processing fee range Upto 2.25% of loan amount plus service tax
Loan Amount Loan up to Rs. 15 Lakhs
Tenure Flexible tenures up to 60 months

ICICI Personal Loan EMI Calculator

ICICI Bank Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

ICICI Personal Loan Eligibility

ICICI Personal Loan for Salaried Individual

  • Applicant’s age should be 23 years – 58 years.

  • Monthly income of Rs.17,500 required (Rs.25,000 for applicants residing in Mumbai & Delhi; Rs.20,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata)

  • Applicant should have completed 2 years in job/profession.

  • Must be residing for 1 year in the current residence.

ICICI Personal Loan for Self-employed Individuals

  • Minimum age 28 years for self-employed individuals and 25 years for doctors; Maximum age for both is 65 years. 

  • Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financial (Annual turn over)

  • In current business for at least 5 years and minimum 3 years for doctors.

  • Having regular transactions or proper relationship with ICICI Bank.

ICICI Personal Loan Documents Required

List of documents for Salaried Individuals

  • Passport / Driving License / Voters ID / PAN Card

  • Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport

  • Latest 3 months Bank Statement (where salary/income is credited)

List of documents for Self-Employed Individuals

  • KYC Documents : Proof of Identity; Address proof; DOB proof.

  • Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one)

  • Income proof (audited financial for the last two years)

  • Latest 6 months Bank statement.

  • Office address proof, Proof of residence or office ownership.

  • Proof of continuity of business.

ICICI Personal Loan Prepayments
  • 5% of principal outstanding plus service tax

  • Other charges are also applicable as per bank’s norms.

Latest News About ICICI Bank

  1. ICICI Bank Ltd to digitize 500 villages – Digital India” initiative private lender ICICI Bank Limited is all set to digitize 500 more villages. The bank has already created 100 digital villages across the country within 100 days and now plans to add 500 more to the list by year-end,” Chanda Kochhar, managing director and chief executive officer of ICICI Bank Limited.(Sources: Eletsonline)

ICICI Personal Loan FAQs

Q1) What is the maximum loan tenure of ICICI personal loan?

The maximum loan tenure of ICICI personal loan is 60 months.

Q2) Can an applicant choose between fixed or floating interest rate?

Yes, an applicant has the option to avail ICICI personal loan with either a fixed interest rate or floating rate.

Q3) Does the borrower has the option to prepay the loan amount?

Yes, the borrower has the option to prepay ICICI personal loan amount without any prepayment penalty.

Q4) Do an applicant needs to provide security to apply for ICICI personal loan?

No security is required to apply for ICICI personal loan.

ICICI BANK USER QUERIES AUGUST 2017

User searches for ICICI Bank Personal Loan Status up +80% in past week – 28.02.2017
User searches for Personal Loan From ICICI Bank up +50% in past week – 24.03.2017
User searches for ICICI Customer Care up +300% in past week – 25.04.2017
User searches for ICICI Bank Personal Loan Calculator up +120% in past week – 28.05.2017
User searches for Personal Loan From ICICI Bank up +110% in past week – 24.06.2017

If a customer opting Personal Loan of an amount ₹ 2,22,000, interest rate given by ICICI Bank is 14.50% for 3 years loan term. Now customer have to check what will be the exact emi, total interest amount per year, total outstanding amount per year & more.

Loan Amount Tenure Interest Rate Loan EMI
₹ 2,22,000.00 36 months (3 years) 14.50% ₹ 7641.46

YEARLY & MONTHLY CALCULATED VALUES FOR ICICI BANK PERSONAL LOAN AMOUNT OF Rs. 2,22,000 @ INTEREST RATE OF 14.50% FOR 3 YEARS (36 MONTHS)

Note : Values calculated on 01.03.17

YEAR PRINCIPAL AMOUNT INTEREST AMOUNT OUTSTANDING AMOUNT
1 RS. 63,619 RS. 28,073 RS. 158,381
2 RS. 73,482 RS. 18,210 RS. 84,899
3 RS. 84,991 RS. 6,818 RS. 0