ICICI Bank Personal Loan Interest Rate

Hello, I want to take the personal loan from the ICICI bank and I want to know the interest rates of the loan.

[Kiran Chandar]

Hello, here I am providing you the details of the ICICI bank personal loan as under:

Interest rates as updated on 11the December 2015:
ICICI Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 11.49% to 19.50%
Processing Fees 0.45% of the loan amount
Loan Tenure 1 year to 5 years
Pre-closure Charges Pre closure permitted after 6 months. 5% of principal outstanding (plus ST)
Guarantor Requirement No guarantor required

Eligibility:
ICICI Bank Personal Loan Minimum Age
At least 23 years old

ICICI Bank Personal Loan Maximum Age
Less than 58 years old

ICICI Bank Personal Loan Eligible Employment Type
Salaried / Self – Employed with regular income

Minimum salary required:
ICICI Bank Personal Loan Minimum Salary
Minimum income required Rs.17,500 per month

ICICI Bank Personal Loan Maximum Loan Funded
Maximum allowed personal loan is Rs. 20 lakhs

Documents required:
1. Signed application form with photograph
2. Copy of passport/voter ID card/driving license
3. Processing fee cheque
4. Salaried
Latest 3 months Bank Statement (where salary/income is credited)
Self Employed
Latest 6 months Bank statement
5. Documentation for salaried applicants:
Salary slips for last 3 months
6. Documentation for self-employed applicants:
Income proof (audited financials for the last two years)