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Get a ₹20 Lakh Personal Loan Online

 

Manage planned or unforeseen expenses with ease. Apply for a ₹20 lakh Personal Loan from ICICI Bank and get fast approvals, minimal documentation and fully digital processing. Whether it is higher education, travel, medical emergency, wedding or home renovation, a Personal Loan gives you instant financial support with complete flexibility.

 

 

APPLY NOW   PERSONAL LOAN INTEREST RATES

How to Apply

Eligibility Criteria

To qualify for a Rs 20 lakh loan at ICICI Bank, you must fulfil the following conditions, depending on your profession:

Parameter Salaried employees Self-employed Professionals Non-professionals Doctors
Age 20-58 28-65   25-65
Minimum Income Rs 30,000 per month Rs 15 lakh turnover Rs 40 lakh turnover  
Experience 2 years in the current job 1 year in the current residence 5 years   3 years
Minimum profit   Rs 2 lakh after tax Rs 1 lakh after tax  

FAQs

What is the eligibility to apply for a ₹20 lakh Personal Loan?

Eligibility depends on your employment type, income, age and work experience. Salaried applicants must earn at least ₹30,000 per month, while self-employed individuals must meet minimum turnover criteria.

What documents are needed for a Personal Loan?

Identity proof, address proof, bank statements and income documents are required. Self-employed applicants may need to provide audited financials and proof of business continuity.

How much interest will I pay on a ₹20 lakh loan?

Interest rates depends on your eligibility and loan tenure. For latetst interest rates, click here.

How is the EMI decided?

Your EMI depends on loan amount, tenure and interest rate. A longer tenure lowers your EMI but increases the total interest payable.

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