(Updated on 05.04.2019) ICICI Bank Personal Loan EMI Calculator April 2019: 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
ICICI Bank 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 Bank Personal Loan Interest Rates April 2019
|Interest Rate||10.99% to 22.00% p.a|
|Processing fee range||upto 2.25% of loan amount plus applicable GST|
|Loan Amount||Loan amount ₹ 50,000 to ₹ 20 Lakhs|
|Tenure||Flexible tenures up to 60 months|
ICICI Bank 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.
ICICI Bank 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 Bank 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 Bank 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 tied up with Paytm to offer short-term credit to their common customers. This Paytm-ICICI Bank Postpaid will function like a virtual credit card and will help the country’s largest private sector lender to access the credit profile of customers who do not have or minimal credit history.Customers who are shopping through the Paytm platform can choose the option to pay later and use the credit line offered by ICICI Bank.
2) ICICI Bank to provide automated payday loan-type credit to Customers, Non – customers & New-to-credit borrowers. The bank will soon declare partnership with e-commerce firms with which the buyers will get a ‘pay later’ option for even a small amount of ₹ 20,000/-.
The bank would price these loans similar to credit card advances only if the customer do not pay on the due date. For the first month, Buyer will get free credit up to 45 days.
If the customers make a few purchases using the cash-on-delivery option, They will be eligible for credit.
Several other credibility parameters will be considered.
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.
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|