Holiday Loan

A Holiday Loan allows borrowers to cover the expenses required for vacations. Since Personal Loans come with no end-use restrictions, one can use this credit option for a wide range of requirements including financing a luxurious trip.

Salaried Individuals :

• Age: 23 years to 58 years
• Monthly Income : Rs 30,000 and above (The minimum salary requirement will differ depending on the profile of the customer.)
• Work Experience: 2 years
• Years in current residence: 1 year.

Self-employed Individuals:

• 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 lakh for professionals- as per audited financials
• Minimum Profit after Tax: Rs 2 lakh for Proprietorship Firm/Self-employed Individuals and Rs 1 lakh 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 active or closed in the last 36 months for which the repayment track record is required.

The maximum amount you can avail is Rs 25 to 50 lakh.

Interest rates range from 10.50% to 19%.

Log in to the iMobile Pay app and tap on the Pre-approved Loan option. Follow the process and avail the loan.

Pre-approved Loans take up to 3 seconds while others take 2-3 days.

The tenure for Travel Loan is 12 to 72 months.