ABOUT ICICI BANK

The ICICI Bank is Today a household name. It offers a wide range of Banking products & financial services for its corporate & retail customers.

Originally promoted in 1994 by ICICI Ltd, an Indian financial institution & was its wholly owned subsidiary. In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002.

Today The ICICI Bank is India’s largest private sector bank with total assets of Rs. 7,206.95 billion (US$ 109 billion) at March 31, 2016 and profit after tax Rs. 97.26 billion (US$ 1,468 million) for the year ended March 31, 2016. ICICI Bank currently has a network of 4,450 Branches and 14,393 ATM’s across India.

WHY ICICI BANK

In the Personal Loan Segment ICICI Bank has a huge market presence, having the 3rd largest portfolio, preceded by HDFC Bank & SBI.

The Personal Loan via the ICICI Bank is granted without any collateral or security. Customers can use the funds for any family emergency, holiday, marriage or any family function, to meet lifestyle expenses without any restrictions.

ICICI Bank offers its customers a hassle free & convenient process. The Personal loan product has been designed with the aim to serve ICICI Bank account holders & other walk in personal loan applicants efficiently. Every effort is made to make available easily, within the shortest turnaround time.

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Prominent Features of the ICICI Bank Personal Loan.

No Collateral or security required
Loan amount offered from .50 k up to 25 lacs.
Fixed Rate of Interest applicable @ monthly reducing balance.
Flexible Loan repayment options from 12 months to 60 months.
Convenient repayment facility for payment of monthly installements through ECS (Electronic clearing system)
Attractive Rate of Interest.

Eligibility Criteria for Personal Loan for Salaried Applicants.

ICICI Bank provides Personal Loans to all citizens of Indian Origin.
Minimum Age of Applicant should be over 23 years, loan processed for tenure up to 60 years.
Monthly Salary credited to Bank should be above 25,000/- per month.
Job stability or continuity of 2 years is mandatory.
A CIBIL score of above 720 points is required for loan amount more than 5 lacs.
Applicant should be having his own residence or be living with his family in a rented premise.
An Educational qualification of Graduation is required.

Personal Loan products from ICICI Bank.

The ICICI Bank provides a Personal Loan to all ICICI Bank Account holders, Customers having a relationship with ICICI Bank & also to new Customers who are eligible for a Personal Loan as per the ICICI Bank policy. Applicants can apply for a;

Fresh personal loan – Applicants can apply for loan amounts as per their eligibility.
The bank calculates loan amount broadly on the basis of the monthly income of the applicant. All obligations are deducted & the Emi calculated as per the tenure should not be more than 50% of the monthly net income.

The ICICI Bank provides a Personal Loan to all ICICI Bank Account holders, Customers having a relationship with ICICI Bank & also to new Customers who are eligible for a Personal Loan as per the ICICI Bank policy. Applicants can apply for a;

Top- Up – A Customer already running a personal loan with HDFC Bank can apply for an additional amount if required. The Top-Up or extra funds are disbursed under the conditions that the customer is paying his EMI’s on time & he is eligible for the extra loan amount.

Pre-Approved loan for ICICI Bank account Holders– ICICI Bank Salary account holders are given the option of availing extra funds in the form of a Pre-Approved Personal Loan. This privilege is given to customers who have maintained regular minimum balance in their accounts with a good CIBIL Score.

Balance Transfer – Under the Balance Transfer programme External personal loan account holders can transfer their personal loan to ICICI Bank & avail a better terms & conditions. For further information on ICICI Personal loan Balance Transfer please refer to

DOCUMENTS REQUIRED FOR PROCESSING

Kyc Documents

Proof of Identity – Passport / Driving License / Voters ID (any one)
Proof of Residence – Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
Aadhaar Card Copy.
2 Passport Size photographs.

For Income Proof

Pan Card Copy.
Latest 3 months Bank Statement (where salary/income is credited).
Salary slips for last 3 months.
Form 16 (latest).

icici bank personal loan