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Insta Personal Loan

Insta Personal Loan

A pre-approved facility only extended to a select base of pre-qualified customers who have also previously been a part of our banking system. 

A 3 seconds ICICI Bank Loan designed to meet the instant need of funds for ICICI Bank customers. A simple process ensures customers receive the funds as soon as possible.

Insta benefits that instantly come to your help:

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Completely online and paperless process.

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Zero documentation required from customers

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Instant disbursal in just 3 seconds

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Flexible repayment options of 12-60 months

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No security, collateral or guarantor required.

How to avail of the facility through ICICI Bank Internet Banking

Log in to Internet Banking

Check the pre-approved offer under the ‘Offers’ tab

Select your loan amount and tenure, as required

Authenticate loan application with OTP verification

And, post all this, your loan is made available.

Frequently Asked Questions (FAQs) on Personal Loans

What is a Personal Loan?


A Personal Loan is an unsecured borrowing that you can rely on to meet your emergency financial needs. Unlike a Home Loan or a Car Loan, which can be used only for specific purposes, the usage of a Personal Loan is not restricted. Once the amount of the loan is disbursed to you, you can use the money for any purpose, as per your need.

Here’s a preview of just a few things that you can do with a Personal Loan.

  • Arrange for an overseas holiday
  • Buy any appliance like a refrigerator, a television or even a laptop
  • Plan your wedding according to your expectations
  • Spruce up the interiors of your home through home renovation.

For details on Personal Loans from ICICI Bank, please click on the links below.

Apply for a Personal Loan

EMI calculator for Personal Loan

Eligibility criteria for Personal Loan

Rate of Interest for Personal Loan

Service charges and fees for Personal Loan

How can I apply for a Personal Loan from ICICI Bank?


Applying for a Personal Loan from us is a simple and straightforward process. Please click here, if you wish to apply for Personal Loans from ICICI Bank.

Alternatively, the forms required to apply for a Personal Loan are available at our branches. You can fill out the relevant form and submit it at the nearest branch of ICICI Bank.

What are the documents required to apply for a Personal Loan from ICICI Bank?


To apply for a Personal Loan from ICICI Bank, you only need to submit basic Know Your Customer (KYC) documents and income-related documentation.

Do you offer a top-up facility on the existing Personal Loan?


Yes, we do! To help you meet any shortfalls in your finances, we offer a top-up facility on your existing Personal Loan. You can avail of this feature once you have repaid 12 EMIs on your existing loan.

You can place a request for the top-up facility on your current loan through any of the following modes.

Option 1: Use Internet Banking

  • Log in to www.icicibank.com with your user ID and password
  • Click on the ‘Main Page’ option
  • Select the ‘Loans’ option in ‘My Accounts’ section
  • Click on ‘Apply for Loans’
  • Click on the ‘Apply Now’ button under the ‘Personal Loan’ option
  • Check your eligibility and click on ‘Apply Now’.

Option 2: Avail of our Customer Care service

Alternatively, for placing a request for a top-up loan, you may call our Customer Care on 33667777 from 08:00 a.m. to 08:00 p.m.

Option 3: Visit a branch of ICICI Bank

You can also place a request for a top-up loan by visiting any Asset Servicing Branch of ICICI Bank that is near you. Please make sure to carry the following documents with you.

  • A proof of identity
  • A proof of address
  • A three-month statement of the bank account in which your salary is credited
  • Your salary slips for the last three months
  • Your Form-16 for the current or the previous financial year.

You can look for the Asset Servicing Branch of ICICI Bank that is near to you by visiting www.icicibank.com and clicking on ‘Find ATM/Branch’ option.

What is the meaning of EMI in a Personal Loan?


EMI is the abbreviation of ‘Equated Monthly Instalment’. An EMI is the amount that you pay every month for a certain period to repay your Personal Loan. The calculation of EMI depends on three main factors.

  • The amount of your Personal Loan, which is the rupee value of the loan that you take
  • The rate of interest on your Personal Loan, which is the rate at which the Bank charges interest on your loan
  • The tenure of your Personal Loan, which is the period for which you take your loan.

What is a Personal Loan EMI calculator?


A Personal Loan EMI calculator is an online tool that helps you get a better idea of the amount of EMI that you will need to pay periodically. Using this calculator is quite easy, because you only need to specify the following three parameters.

  • The amount of loan
  • The rate of interest
  • The term of the loan

Once you specify these details, the EMI calculator computes the monthly EMI and the total interest payable, depending on the input information. You can make use of this calculator from ICICI Bank by clicking the button below.

Calculate EMI

Why should I take a Personal Loan from ICICI Bank?


Our Personal Loans give you a range of advantages. Here are some reasons for taking a Personal Loan from ICICI Bank.

  • You have the ability to choose a tenure from 12 months to 60 months
  • There’s no collateral requirement for availing of the loan
  • Avail of a fixed rate of interest. The interest will be charged on a monthly reduction basis
  • Make use of the Electronic Clearing System, submit a post-dated cheque, or even set up an auto-debit system to automatically repay your EMIs every month
  • There’s minimal documentation required and the convenient application process makes approval and disbursement of your loan quite simple.

Do I need to provide any security to apply for a Personal Loan from ICICI Bank?


No, there is no requirement for any security or collateral for availing of a Personal Loan from ICICI Bank

How do I apply for a Personal Loan from ICICI Bank?


You can apply for a Personal Loan from us through any of the following channels.

Option 1: Internet Banking

Click here to apply for a Personal Loan.

Option 2: Customer Care

You may call our Customer Care on 1860 120 7777 between 08:00 a.m. and 08:00 p.m. to apply for a Personal Loan. To know our Customer Care numbers, please click here.

Option 3: Branches of ICICI Bank

You can also visit the Asset Servicing Branch of ICICI Bank that is near you and submit the following documents to apply for a Personal Loan from us.

  • A proof of identity
  • A proof of address
  • A three-month statement of the bank account in which your salary is credited
  • Your salary slips for the last three months
  • Your Form-16 for the current or the previous financial year

Please check our website for information on the Asset Servicing Branch of ICICI Bank that is near you.

How do I check the status of my application for a Personal Loan from ICICI Bank?


You can check the status of your application for a Personal Loan by simply visiting the link given below.

Click here to check the status.

How can I get a Personal Loan from you instantly?


If you are an existing customer of ICICI Bank and if you’re eligible for a pre-approved loan, you can get the funds transferred directly into your account in just three seconds. This facility is available for select customers upon completion of online verification and acceptance of the final offer.

To avail of Personal Loan, visit the Offer section of your Internet Banking or iMobile app to check Personal Loans offer. Alternatively, you can SMS PL PA to 5676766 to check your pre-approved offer.

How can I repay my ICICI Bank Personal Loan?


You can repay your Personal Loan from ICICI Bank in Equated Monthly Instalments (EMIs). If you already have an account with ICICI Bank, you can apply for an auto-debit mandate that directly debits the amount of EMI from your account each month. If you have an alternate bank account, you can still opt for auto-debit of EMIs through a NACH mandate.

How much can I borrow as a Personal Loan?


Depending on your eligibility, income and capacity to repay, you can avail of Personal Loan ranging from Rs 50,000 to Rs 20,00,000.

What is the minimum and the maximum amount of loan that I can apply for?


The minimum amount you can borrow from us is Rs 50,000, while the maximum amount is Rs 20,00,000. The amount of loan that you can borrow depends on your eligibility, income and your capacity to repay.

What does a Personal Loan cover?


With Personal Loans from ICICI Bank, you can get money instantly for a wide range of personal needs like renovating your home, a marriage in the family, a family holiday, your child's education, buying a laptop, meeting medical expenses, or any other emergencies.

With minimum documentation, you can avail of a Personal Loan up to Rs <20> lakh from us at attractive rate of interest. Once the loan is disbursed to you, you can use the money for any purpose, as per your needs.

That’s not all. We also offer fresher funding loans that you can avail even with your very first salary. With a pre-approved Personal Loan, the entire process takes only a few minutes. So, hurry and check out the different types of Personal Loans we offer and apply for one today!

Why should I opt for a Personal Loan from ICICI Bank?


Reasons to opt for a Personal Loan from ICICI Bank:

  • You can use the borrowed amount for any purpose, as per your needs
  • You get flexible repayment tenures up to <60> months
  • You can avail of a fixed rate of interest. Interest will be charged on a monthly, reducing basis
  • There’s no need to put up any collateral against the loan
  • You can set up an Electronic Clearing Service (ECS), a Post Dated Cheque (PDC), or an auto-debit system for automatic repayment of your EMI every month.

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