Icici Bank Personal Loan Application Form
At ICICI Bank, we have a seamless Personal Loan application process, and your loan application is granted with just a few clicks. You would need to give your location address and select a few details like the loan amount and your preferred tenure, along with a few more steps. In case of any queries you can seek assistance from ICICI Bank 24 x 7.
icici bank personal loan application form
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You can apply for a Personal Loan online from our ICICI Bank website and help meet your diverse financial needs. You can avail a Personal Loan up to Rs lakh and meet a personal exigency that can crop up anytime in life. The process of loan application is instant and convenient, and can be done online from the comfort of your home. The instant Personal Loan approval process ensures you have a seamless and hassle-free borrowing experience. Also, with our instant Personal Loan online services, you can get access to the funds within 3 seconds.
Visit our website to secure an instant loan with ICICI Bank. After checking your pre-approved offer, check your eligibility and fill in and submit your Personal Loan application. Select the Loan amount and tenure as per your requirement. Check your Personal Loan approval status. You will receive an instant loan approval and the amount will be disbursed into your Account immediately.
Put your financial worries to rest as ICICI Bank offers Loan Against Property (LAP) that can help you live your dreams. LAP can be used for personal or business needs. You do not need to sell your property; it will be used as collateral by ICICI Bank to offer you the required loan amount. ICICI Bank Loan Against Property is one of the effective ways to raise money. It offers a high loan amount, lower interest rate and a flexible loan tenure. Additionally, you can leverage our attractive offers to meet your financial needs, without any hassles.
ICICI Bank offers an advantage to medical professionals in the form of LAP for Doctors, with a loan sanction of up to 70% of the property value. If you are a doctor and own a property and are looking for funds to transform your clinic into a nursing home or have any other financial requirement, you can apply for a Loan Against Property at a higher loan amount, for a loan term of 15 years.
So, what is the Personal Loan disbursement process? How much time will it take for the lender to disburse your loan? Let us go through the entire application and disbursal process to understand Personal Loans better.
The first step of the loan disbursal process is the loan application. Once you have selected a lender, you will then be required to apply for the Personal Loan. Along with a duly filled loan application form, you will have to submit documents such as:
Once you have submitted the loan application along with the required documents, the lender will then initiate the approval process. Depending on the lender you select, approval can take 2-3 working days. The approval can take longer if your documents are not in order. So, make sure that you thoroughly check the documents required for the loan before submitting your loan application.
If your loan is approved, the lender will then send you a sanction letter either through e-mail or by post. The sanction letter will mention that your loan application has been approved, along with other details like interest rate, loan amount, Equated Monthly Instalment (EMI), etc.
Personal Loan disbursement time after approval can range from 1-2 working days. You can then collect the cheque of the loan amount by visiting the lender. Some lenders also mail the check to your address. In the last few years, most lenders have started depositing the loan amount directly into the bank account of the borrower.
If you already have an account in the bank from which you have taken the loan, you can also give standing instructions for automatic EMI debit on a fixed date every month. Do pay your monthly EMIs on time as non-payment or delayed payment could result in penalties.
ICICI Bank makes your loan process seamless with the minimal documents required for a Personal Loan. Our Personal Loan documentation includes an ID proof, an address proof, and a bank statement or a salary slip. For self-employed applicants, the documents required may differ. Be sure to check the documents needed before applying for Personal Loan.
Existing Car Loan customers of ICICI Bank can also avail additional top-up loans. These loans can be used for any other requirements such as business development, wedding, personal engagements, home renovation, etc.
When it comes to sudden financial emergencies, relying only on your savings may not suffice every time and you might need a Personal Loan to tide over the situation. In such a scenario, the last thing you would want is rejection of your loan application. Make sure that none of the following 6 reasons becomes a cause for rejection of your loan application.
A Personal Loan application is approved after verification of documents. When any personal loan document is missing or inconsistent information is found in these documents, your loan application will get rejected. The application form is as important as the other documents that you submit with it. Details in your loan application are used by the Bank to generate the required information about you. If there is any discrepancy in any detail mentioned in the loan application, it may get rejected.
If you have any doubts about your loan application being rejected, contact an ICICI Bank representative now. Also, you can ask them about the eligibility criteria to be sure of all the factors before you start filling out the form.
You can fill in the application form here to check the applicable ROI and your personal loan eligibility. You can also click here to check your eligibility for the pre-approved Personal Loan and avail of the loan amount instantly.
Being one of the Big Four Banks of India, ICICI Bank offers you a personal loan at interest rates as low as 10.50%. Having its presence in 17 countries and more than 5000 branches across India, it enables you to avail loan from the comfort of your home and office. And, when you get the freedom of flexible tenure options, your job would only double. Read the page below to know more features and benefits.
Applying for a personal loan is easy but you should always know the interest rates that ICICI Bank offers on your personal loan before you apply for it. The reason being the rate sets the tone of your loan repayment. Currently, the lender is offering personal loans at an interest rate of 10.75% - 19.00% per annum to eligible applicants. The rates are pretty low, thereby enabling repayment in pocket-friendly EMIs.
A personal loan can be taken for any purpose, be it the wedding, education, medical treatment or even the business needs. A personal loan from ICICI bank helps you meet your diverse financial needs and the quick approval process ensures you have an easy borrowing experience However, it is very important to know the uniqueness of the personal loan offer. So, here are some of the main factors that make ICICI personal loans stand out.
To get the top-up on your existing personal loan, you can either opt for a new loan that will cover both your current loan amount and the new fund needs or a new loan just for your new requirement. While repaying the loan amount, you will need to pay one full EMI for the total loan amount in the first case, there will be separate EMIs for existing and new loan if you opt for the second case. You can apply through Internet Banking, Mobile App, SMS banking. You can even visit the bank branch to apply for the said loan.
Want to know the exact calculations of your EMI and that too in the least time frame? Consider using the ICICI personal loan EMI Calculator online. The smart algorithms of this magical tool allows you to know the exact EMI in a hassle-free manner. All you need to do is just enter the Loan Amount, Tenure and Interest Rate in the device, and within a few seconds, it will fetch the accurate EMI as well as the overall interest outgo.
For personal loans, ICICI Bank has set an eligibility criterion which one has to meet. For instance, the bank has different criteria for salaried and self-employed individuals. So, before you apply for this credit facility, it is better that you should know the same. You can also check your personal loan eligibility online. You can check the eligibility criteria of ICICI personal loan below.
Yes, you can. All you need to do is apply for a top-up loan at ICICI Bank. You will get the loan on your existing outstanding loan balance. The bank will consolidate the total loan by adding the top-up portion with the outstanding balance. It will thus charge interest on the consolidated loan amount.
You can easily transfer your outstanding balance to ICICI Bank if you have paid 12 EMIs in your existing bank. By doing so, you can avail low interest rates on the same. While availing this facility, you can save a lot as the low rates results in reduced EMI. This ultimately reduces your overall loan burden. So what are you waiting for? Use the ICICI Personal Loan Balance Transfer and minimize your loan burden.
The approval for a personal loan application depends upon the profile of an individual. If your profile suits the bank and your documents are complete, you can get instant approval within 72 hours of submitting the documents. Yes, getting instant approval is that simple and a hassle-free process. With the help of availing the same, you can fulfill your varied personal needs instantly.
Customers, after completing the transaction for a balance inquiry or cash withdrawal, can see the option of personal loan. They can visit any ICICI Bank ATM and follow the below steps to avail this credit facility.
You may apply for a moratorium process on your personal loans with ICICI Bank. ICICI bank has announced a moratorium on all personal loans for upto 6 months of EMIs to provide relief to customers in COVID 19 crisis. Please note that it is optional for the customers if you can continue to pay your loan EMI as normal if your funds allow you to do so. 041b061a72