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19th March 2016, 12:09 PM
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Join Date: May 2012
Re: ICICI Bank Personal Loan

Dreaming of a vacation, a perfect wedding, home renovation or a much desired gadget, one no longer needs to wait to realize the dreams. Make life picture perfect with ICICI Bank Personal Loans.

ICICI Bank Personal Loan Details:
Personal Loan Eligibility:

Criteria
Salaried
Age
23 years - 58 years.

Net Salary
Salaried individuals with minimum monthly income Rs.17,500 (Rs.25,000 for applicants residing in Mumbai & Delhi; Rs.20,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata)

Total years in job/profession
2 Years

Years in current residence
1 Year

Criteria
Self Employed
Age
28 years (self employed individuals) and 25 years (for doctors); Maximum age - 65 years

Minimum Turnover
Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials

Minimum Profit After Tax
Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials

Business Stability
In current business for at least 5 years and minimum 3 years for doctors

Existing relationship with ICICI Bank
Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required.

Personal Loan Interest Rates & Charges
Loans & Advances - Indicative lending rates updated on March 01, 2015

Type of credit facility Interest Rate and Charges Applicable
Personal Loans
11.49% to 22.00%

Loan Processing Charges / Origination Charges (Non-Refundable)
Upto 2.50% of loan amount plus service tax

Prepayment Charges
5% of principal outstanding plus service tax

Charges for Late Payment
2% per month plus service tax

Cheque Swap Charges
₹ 500/- per transaction plus service tax

Amortisation Schedule Charges
₹ 200/- per schedule plus service tax

Statement of Account Charges
₹ 200/- per schedule plus service tax

Prepayment/Foreclosure Statement Charges
₹ 100/- per schedule plus service tax

Duplicate No Objection Certificate/ No Due Certificate
₹ 500/- per NOC plus service tax/₹ 200/- per NDC plus service tax

Duplicate Prepayment/Foreclosure Statement Charges
₹ 200/- per schedule plus service tax

Loan Cancellation Charges
₹ 3000/- plus service tax


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