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Benefits of ICICI Bank Personal Loan for holiday
- Interest rate starting from 10.50%* p.a.
- Avail loan of amount ranging from ₹ 50,000 to ₹ 25 Lakhs
- Simplified documentation
- No security / collateral required
- Quick processing and disbursal.
What is an ICICI Bank 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.
What is the eligibility criteria for a Holiday Loan with ICICI Bank?
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.
- 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.
What will be the maximum amount you can avail for holidays with an ICICI Bank Holiday Loan?
The maximum amount you can avail is Rs 25 to 50 lakh.
What is the interest rate on an ICICI Bank Holiday Loan?
Interest rates range from 10.50% to 19%.
How do I apply for a Holiday Loan on the iMobile Pay app?
Log in to the iMobile Pay app and tap on the Pre-approved Loan option. Follow the process and avail the loan.
How much time will it take to approve a Holiday Loan?
Pre-approved Loans take up to 3 seconds while others take 2-3 days.
What will be the tenure for a Holiday Loan?
The tenure for Travel Loan is 12 to 72 months.