A personal loan is a credit facility taken to meet your financial obligations. Individuals can avail personal loans from ICICI Bank for various purposes as follows: 

  • Revamping your home
  • Meeting your wedding expenses
  • Handling Medical Emergencies 
  • Fulfilling your travel dreams 

You can get ICICI bank personal loans for handling any type of financial 

crunch. 

 What is the eligibility criteria to take personal loans from ICICI Bank?

The following table summarizes the eligibility criteria for personal loans?

 

Criteria 

Salaried

Self-Employed 

Age 

23 years to 58 years

25 to 65 years 

 

28 years - self employed individuals 

 

25 years - doctors

 

Maximum age - 65 years 

Net Salary

Minimum monthly income should be Rs. 30,000

The minimum turnover should be:

 

Rs. 40 Lakhs for non-professionals 

 

Rs. 15 Lakhs for professionals. 

Job Stability or Business Stability 

2 years 

Doctors should have been practicing for 3 years.

 

Businessmen should have been in the current business for around 5 years

Minimum profit after tax 

  

Rs. 2 Lakhs for a proprietorship firm and self-employed individuals

 

Rs. 1 lac for non-professionals 

 

Existing Relationship With ICICI Bank 

  

Minimum 1 year liability relationship for current or savings account 

 

or

 

Asset relationship (loan) - either live or closed in the last 36 months. 

Years in current residence

  

1 year



What are the features of taking a personal loan from ICICI Bank?

  • You have the flexibility to choose loan amounts in the range of Rs. 50,000 to Rs. 25 Lakhs 
  • You can opt for a loan tenure ranging from 12 to 72 months 
  •  Get personal loans with ROI starting from 10.5% to 19% per annum 
  • Quick loan disbursal, and the amount will get credited to your account within 3 seconds.
  • Collateral-free loan. No security is required. 
  • Zero or only a few documents with paperless approval
  • Simple application process
  • Existing customers can procure instant paperless pre-approved loans in just 3 seconds if they satisfy the eligibility criteria.
  • The loan application and approval process is digitized.