The ICICI personal loan processing time varies as per the record of the borrower. It usually takes two to three days if everything goes right. There are certain parameters that the bank checks and then finalises the loan so let me share that list here.
What Affects the Personal Loan Processing Time in ICICI?
The ICICI Bank personal loan processing time is usually two to three days but some factors can affect this time duration and they are:
Age:
Age is a vital factor that determines a loan’s processing time. Your loan will likely be approved if you are in your 20s and have a stable income. The lender knows that you have ample time to pay the debt and won’t face a scarcity of funds.
Existing loan:
If you already have a loan going on, your loan application might face a delay. No lender will take any sort of risk about debt repayment; hence, it's better to pay off all your loans before applying for a new personal loan.
Income:
A salaried or self-employed person with a steady income is likely to get his or her personal loan approved quickly.
So these are the three primary factors affecting a loan’s processing. You should visit the bank and ask a loan executive for extra details. If you want to apply for a personal loan online, visit this website:
ICICI Personal Loan ApplicationPortal. I hope this was helpful :)
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How to Preclose ICICI Personal Loan?
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How Long is ICICI Personal Loan Processing Time?
Oam
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5 months
2024-03-18T08:28:15+00:00 2024-03-18T08:28:50+00:00Comment
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