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Features and benefits of a Personal Loan in Ahmedabad

The features and benefits of an ICICI Bank Personal Loan in Ahmedabad are as follows:

Loan amount of up to Rs 50 lakh

Loan amount of up to Rs 50 lakh

Avail a loan of up to Rs 50 lakh to meet a range of financial requirements such as home renovation, wedding expenses or debt consolidation.

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No Security/ Guarantor requirement

No Security/ Guarantor requirement

Experience the convenience of ICICI Bank Unsecured Personal Loan, which doesn’t require any type of collateral or a guarantor.

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Swift processing

Swift processing

Enjoy speedy approval and disbursement, ensuring that you receive the funds at the time when you need them.

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Minimal documentation

Minimal documentation

Minimal documentation is required to avail an ICICI Bank Personal Loan in Ahmedabad, which simplifies the application process.

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Attractive interest rate

Attractive interest rate

Benefit from a competitive interest rate, making repayments manageable and cost-effective.

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Flexible repayment options

Flexible repayment options

Select a repayment period that aligns with your financial situation, ranging from 12 to 72 months, offering flexibility and convenience.

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Documents required for a Personal Loan in Ahmedabad

Documents required for a Personal Loan in Ahmedabad

While applying for a Personal Loan in Ahmedabad, you need to provide specific documents based on whether you are a salaried or self-employed individual. Here is a checklist of the necessary Personal Loan documents required for both categories:

  • Proof of identity: Aadhaar Card & PAN Card (both)
  • Proof of residence: Leave and Licence Agreement, utility bill (not more than 3 months old) or passport
  • Bank statements for the last 3 months (where salary/ income is credited).
  • Salary slips for the last 3 months.

Eligibility Criteria for Personal Loan in Ahmedabad

Understanding the Personal Loan eligibility criteria is important while applying for a Personal Loan in Ahmedabad:

Age: The applicant should be between 20 to 58 years of age

Net salary: A salaried individual with a minimum monthly income of Rs 30,000 is eligible

Total years in job/ profession: The applicant should have completed at least 2 years in his/ her current job or profession

Duration of stay in the current residence: The applicant should have stayed in his/ her current residence for a year.

Fees and charges for a Personal Loan in Ahmedabad

While applying for a Personal Loan in Ahmedabad, it is important to be aware of the associated fees and charges. Here is a breakdown of the charges:

Description of charges Applicable charges
Loan processing charges/ Origination charges (Non-refundable) Up to 2.50% of the loan amount plus applicable taxes
Prepayment charges
  • For salaried customers: 3% on the principal outstanding after payment of the 1st EMI
  • Nil if 12 or more EMIs are paid
  • For MSE classified customers: Nil after payment of the 1st EMI for loan amount of up to Rs 50 lakh
Additional interest on late payment 24% per annum
Repayment mode swap charges Rs 500 per transaction plus applicable taxes
Loan cancellation charges Rs 3000 plus applicable taxes
EMI bounce charges Rs 500 per bounce plus applicable taxes
Non-Maintenance of Mode of Payment (NMMP) charges Rs 800 (plus applicable taxes or statutory levies, if any). Charges are levied on a monthly basis if the loan repayment mode is inactive or irregular.

How to apply for a Personal Loan in Ahmedabad?

Here is how you can apply for a Personal Loan in Ahmedabad:

    Apply for a Personal Loan in Ahmedabad today and take the first step towards realising your financial objectives. You can also apply for a Personal Loan through the iMobile Pay app.