| Loans - Personal Loans - FAQs - |
What are the minimum and maximum loan amounts? You can avail of loans ranging from Rs 50,000/- to Rs 15,00,000/- depending on your eligibility, income and repayment capacity.
What are the loan tenure options? The loan can be repaid over a period of 12 to 60 months.
Are there any additional charges? A processing fee of 2% of the loan amount is payable upfront. This fee will be deducted from the disbursal amount payable to you.
Loans are approved within 72 hours of submission of complete documentation.
Do I have to provide any security, collateral or guarantors? No security, collateral or guarantors are required for obtaining a Personal Loan.
You can repay the loan
in Equated Monthly Instalments (EMI's) through post-dated cheques
favouring ICICI Bank Limited, or if you have an ICICI Bank account
you can mandate us to directly debit the same.
Yes, you can prepay the entire loan outstanding anytime after 180 days of availing the same. Prepayment charges as applicable would be levied on the outstanding loan amount. No part prepayment is allowed.
Do I need to open an account with ICICI Bank for availing and/or servicing the loan? We will encourage you to start a banking relationship with us so that we will be able to offer a host of other value added services, which are complementary to the loan, however opening an account with us is not mandatory.
How do I approach ICICI Bank for a Personal Loan? You can approach us in any of the following ways
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