PERSONAL LOAN ELIGIBILITY CALCULATOR

ICICI Bank Personal Loans are available to salaried applicants aged between 20 and 58 years. On the other hand, self-employed applicants must be aged between 23 and 65 years (at the end of the tenure) to be eligible for a Personal Loan from ICICI Bank. The applicants should fall within a specific age group, as this indicates a higher likelihood of having a steady income and the ability to repay over a longer period.

For salaried applicants, the Personal Loan eligibility depends on their age, net salary, years of professional experience and duration of residence at the current address. Self-employed individuals are assessed based on their age, minimum turnover, minimum profit after tax, business stability and existing relationship(s) with ICICI Bank. These criteria collectively determine the eligibility for a Personal Loan, ensuring a thorough financial stability and credibility evaluation. Lastly, the applicant’s credit score may also be considered.

Note Eligibility criteria can change as per RBI guidelines.

To increase your eligibility, focus on improving your credit score by making timely bill payments and reducing existing debts. Showcasing a consistent income or having a co-applicant with a stable income can also positively impact your eligibility.

A Personal Loan eligibility calculator is an online tool that helps individuals to be aware of the maximum eligible amount for a Personal Loan. It is calculated based on a few factors like income, tenure (of the loan amount) and existing financial obligations.
Note Individual CIBIL score might impact the maximum eligibility amount. 

To use a Personal Loan eligibility calculator, enter your personal and financial details such as income, expenses, existing loans and tenure. The calculator will analyse your eligibility and estimate the loan amount you may qualify for. Based on this, an individual can apply for a loan, as required.