abhishreshthaa
Abhijeet S
ICICI Bank Personal Loan provides with instant money
for a wide range of your personal needs like, renovation of home, marriage in the family, a holiday with family, child's education, Medical expenses or any other emergencies.
Key Benefits of ICICI Bank Personal Loan
• Loan up to 15 lacs
• No security/guarantor required
• Faster Processing
• Minimum Documentation
• Attractive Interest Rates
• 12-60 Months repayment options
• Loans available for both salaried & self employed individuals
• Loan on Phone" facility
ELIGIBILITY
Criteria Salaried Self - Employed
Age 25 yrs. - 58 yrs. 25 yrs. - 65 yrs.
Net Salary Net annual income - Rs. 96,000 p.a Net Profit after tax - Rs. 150000 p.a
Eligibility Employees of Public Ltd. companies, Private Ltd. companies, Government companies or MNCs. Doctors, MBA's, Architects, CA's, Engineers, Traders & Manufacturers
Years in current job / profession 1 Year 3 Years
Years in current residence 1 Year 1 Year
DOCUMENTATION
Documents (Pre Sanction) Salaried Self Employed
Latest 3 months Bank Statement (where salary/income is credited) Yes Yes
3 Latest salary slips Yes
Last 2 years ITR with computation of income / Certified Financials Yes
Proof of Turnover (Latest Sales / Service tax returns)
Yes
Proof of Continuity current job (Form 16 / Company appointment letter ) Yes
Proof of Continuity current profession (IT Returns / Certificate of business continuity issued by the bank) Yes
Proof of Identity (any one) Passport / Driving License / Voters ID / PAN card / Photo Credit Card / Employee ID card Yes Yes
Proof of Residence (any one) Ration Card / Utility bill / LIC Policy Receipt
Yes
Yes
Proof of Office (any one) Lease deed / Utility bill / Municipal Tax receipt / title deed Yes
Proof of Qualification Highest Degree (for Professionals / Govt employees
Yes
Yes
CHANGING MODE OF REPAYMENT
If you wish to change the mode of repayment of the ICICI personal loan, this needs to be done with the permission of ICICI bank. Stopping payments on post-dated cheques or otherwise cancelling or revoking mandates would be considered 'committed with a criminal intent' according to the ICICI terms and conditions.
SERVICE CHARGES
• Prepayment of the loan is possible after 180 days of availing the loan.
• Foreclosure charges as applicable would be levied on the outstanding loan.
• Part pre-payment is not allowed.
• No other fees or commitment charges are levied.
Description of Charges Personal Loans
Loan Processing Charges / Origination Charges 2* % of loan amount + Origination Charges of 1.5% of loan amount
Prepayment Charges 5% on the principal outstanding
Charges for late payment (loans) 2% per month
Cheque Swap Charges Rs. 500/-
Cheque bounce charges Rs. 200/-
for a wide range of your personal needs like, renovation of home, marriage in the family, a holiday with family, child's education, Medical expenses or any other emergencies.
Key Benefits of ICICI Bank Personal Loan
• Loan up to 15 lacs
• No security/guarantor required
• Faster Processing
• Minimum Documentation
• Attractive Interest Rates
• 12-60 Months repayment options
• Loans available for both salaried & self employed individuals
• Loan on Phone" facility
ELIGIBILITY
Criteria Salaried Self - Employed
Age 25 yrs. - 58 yrs. 25 yrs. - 65 yrs.
Net Salary Net annual income - Rs. 96,000 p.a Net Profit after tax - Rs. 150000 p.a
Eligibility Employees of Public Ltd. companies, Private Ltd. companies, Government companies or MNCs. Doctors, MBA's, Architects, CA's, Engineers, Traders & Manufacturers
Years in current job / profession 1 Year 3 Years
Years in current residence 1 Year 1 Year
DOCUMENTATION
Documents (Pre Sanction) Salaried Self Employed
Latest 3 months Bank Statement (where salary/income is credited) Yes Yes
3 Latest salary slips Yes
Last 2 years ITR with computation of income / Certified Financials Yes
Proof of Turnover (Latest Sales / Service tax returns)
Yes
Proof of Continuity current job (Form 16 / Company appointment letter ) Yes
Proof of Continuity current profession (IT Returns / Certificate of business continuity issued by the bank) Yes
Proof of Identity (any one) Passport / Driving License / Voters ID / PAN card / Photo Credit Card / Employee ID card Yes Yes
Proof of Residence (any one) Ration Card / Utility bill / LIC Policy Receipt
Yes
Yes
Proof of Office (any one) Lease deed / Utility bill / Municipal Tax receipt / title deed Yes
Proof of Qualification Highest Degree (for Professionals / Govt employees
Yes
Yes
CHANGING MODE OF REPAYMENT
If you wish to change the mode of repayment of the ICICI personal loan, this needs to be done with the permission of ICICI bank. Stopping payments on post-dated cheques or otherwise cancelling or revoking mandates would be considered 'committed with a criminal intent' according to the ICICI terms and conditions.
SERVICE CHARGES
• Prepayment of the loan is possible after 180 days of availing the loan.
• Foreclosure charges as applicable would be levied on the outstanding loan.
• Part pre-payment is not allowed.
• No other fees or commitment charges are levied.
Description of Charges Personal Loans
Loan Processing Charges / Origination Charges 2* % of loan amount + Origination Charges of 1.5% of loan amount
Prepayment Charges 5% on the principal outstanding
Charges for late payment (loans) 2% per month
Cheque Swap Charges Rs. 500/-
Cheque bounce charges Rs. 200/-