A Personal Loan from the Comfort of Your Home

Nowadays, you can easily apply for a Personal Loan online - be it through iMobile Pay, Internet Banking or by visiting the official website of a bank and filing a form. It is an easy and convenient method to get access to funds, whenever you are in need. Read further to know how you can apply for a Personal Loan from the comfort of your home.

With the growing inflation, it is pretty much a reason to assume that things will only get expensive year on year. Whether it is buying a house, car, paying education fees, funding marriage expenses or going on a trip, the price of everything is rising at a rapid rate. Though you may have adequate cash in hand through your Savings Account, would that be sufficient to meet your financial needs? At times, it might not. Financial challenges can make it difficult to deal with situations and people usually consider sailing through the problem by availing a Personal Loan. Banks and NBFCs offer a Personal Loan at competitive interest rates, included with various advantages.

Features of a Personal Loan:

• Get instant access to funds by applying for a Personal Loan at ICICI Bank with quick disbursal
• You can get an instant loan of up to Rs 50 lakh
• Personal Loan interest rates start from 10.85% p.a.
• You can repay the loan with ease by choosing a tenure ranging from 12 months to 72 months
• Apply for a Personal Loan online, with ICICI Bank
• ICICI Bank Personal Loan at zero hidden charges
• Once you meet the Personal Loan eligibility criteria, you receive a paperless approval within minutes
• Avail a pre-approved Personal Loan and enjoy quick processing.

Steps to apply for the loan from the comfort of your home:

Step 1: Figure out the loan amount

The first thing you need to do is determine how much loan amount you would require to fund any emergency. You can set an approximate value and then move on to know your eligibility. For instance, ICICI Bank offers a loan amount up to Rs 50 lakh

Step 2: Check for Eligibility

To evaluate Personal Loan eligibility, you need to meet the criteria set by the bank. Banks generally check for age, income generation, type of job, debt-to-income ratio, credit score, among others. These factors determine how much you can borrow

Step 3: Calculate EMI

This is a crucial part whenever you are looking to buy a loan. Use a Personal Loan Equated Monthly Instalment (EMI) calculator, which is an online tool that lets you know the accurate loan repayment amount you would incur, every month. You can use the ICICI Bank Personal Loan EMI calculator online; simply enter the loan amount, loan tenure and interest rate details to know the EMI

Step 4: Approach the Bank.

You can apply for a Personal Loan with ICICI Bank through iMobile Pay, Internet Banking, ATM, by visiting the official website or the nearest branch

Step 5: Video KYC

To avail a Personal Loan, you do not need to visit the bank for submission of documents. ICICI Bank’s video KYC facility allows customers to complete the KYC process, digitally within a few minutes. Documents are verified and signatures are recorded through a video call.

ICICI Bank also offers quick disbursal of Personal Loans, especially for select customers having a pre-approved Personal Loan offer. It’s super quick and easy.

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