As I was in need of a personal loan, I called the customer service of ICICI Bank and asked about the details of the loan. The executive told me that the personal loan interest rate in ICICI Bank is between 10.85% and 16.25% per annum. Besides this, the bank executive also provided me with a few more details, which I have added below.
What is the ICICI Personal Loan Interest Rate?
As I mentioned above, the ICICI personal loan interest rate is between 10.85% and 16.25% per annum. I have added all the other information about the loan I learned from the bank executive below.
Particulars |
Description |
Interest Rates |
Between 10.85% and 16.25% per annum |
Maximum Amount |
Rs. 50 Lakhs |
Maximum Tenure |
72 Months |
Processing Fee |
2.5% |
CIBIL |
700 and above |
This is what the executive told me about the personal loan interest of ICICI bank. Apart from that, he also told me about the documents necessary for availing the loan. I have added them below.
Identity Proof: Passport, driving license, PAN card, Voters ID card (anyone).
Address Proof: House agreement, utility bills no older than three months, passport (anyone).
2 passport size photos
Last 3 months’ pay slips.
Last 3 months' salary account statement.
And that’s it. This is all that I have learned from the bank executive. I hope this helps.
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Hi, I have an ICICI bank account, and I was trying to find out about the ICICI personal loan interest rate. For this, I called my uncle and enquired about the same. He told me that the current interest rate of ICICI bank personal loan is between 10.65% - 16.00%. Apart from that, he provided me with a few more details.
What is the Personal Loan Interest Rate in ICICI Bank?
Here is a table representation of all the aspects he informed me about.
| Type | Rate |
|---|---|
| Interest Rate | 10.65% - 16.00% |
| Processing Charge | Up to 2.50% of Loan Amount + GST |
| Tenure | 12 months to 72 months |
| Loan Amount | Rs 50,000 to Rs 50 Lakhs |
| Prepayment Charges | 3% + GST on Principal Outstanding after payment of 1st EMI and Nil if 12 or more EMIs are paid. |
| Late Payment Penal Charges | 24% p.a |
| Repayment Mode Swap Charges | Rs. 500/- per transaction + GST |
| EMI Bounce Charges | Rs. 500/- per bounce + GST |
Tips to Get Better Rate of Interest Personal Loan ICICI
After that, my uncle also told me about some tips to avail of personal loans at low interest.
The first thing he told me to do is to talk to my existing lender(s) to see if they can offer personal loans at lower interest rates.
He told me to track personal loan interest rates offered by various lenders, during the festive season.
My uncle says maintaining a credit score of 750 or above is very important.
He also told me to check the pre-approved personal loans offered by other banks.
And that’s about it about the personal loan interest of ICICI bank. I hope this information about ICICI personal loan interest rate has been of help to you.
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Authors Of The Question
What is the Personal Loan Interest Rate in ICICI Bank?
Vivek
105 Views
2 Answers
11 months
2024-02-19T09:20:07+00:00 2024-02-19T09:20:08+00:00Comment
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