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Get a ₹ 60,000 Personal Loan

 

Unexpected financial needs can emerge all of a sudden. In these times, quick and effortless loan access becomes crucial. A Rs. 60,000 Personal Loan is a flexible and convenient financial aid. Designed to meet multiple requirements without needing collateral, this facility from ICICI Bank acts as a dependable aid for different needs.

 

 

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How to Apply ?

Eligibility Criteria

To get a Rs. 60,000 Personal Loan, you must meet the following eligibility criteria:

For salaried individuals:

  • Age: Between 20 to 58 years
  • Net salary: Minimum monthly income of Rs. 30,000
  • Total years. in the job/profession: A minimum of 2 years in the current employment
  • Years in the current residence: Residing at the current address for at least 1 year.

For self-employed individuals:

  • Age: Minimum 28 years for self-employed individuals, 25 years for doctors and a maximum age of 65 years
  • Minimum turnover: Rs. 40 lakh for non-professionals and Rs. 15 lakh for professionals
  • Minimum profit after tax: Rs. 2 lakh for a Proprietorship firm/Self-employed individuals and Rs. 1 lakh for non-professionals
  • Business stability: At least 5 years in the current business for non-professionals and 3 years for doctors
  • Existing relationship with ICICI Bank: Minimum 1 year liability relationship (Current or Savings Account) or Asset Relationship (loan) either live or closed in the last 36 months, with a satisfactory repayment track as required.

FAQs

Who is eligible for the ₹ 60,000 Personal Loan?

Any individual meeting ICICI Bank’s standard eligibility criteria whether salaried or self-employed and requiring a small loan amount for immediate needs can apply.

What documents are needed to apply?

Standard KYC documents: identity proof, address proof, and (if required) proof of income or bank statements. Documentation remains minimal for quicker processing.

What will be the EMI and repayment options?

EMI amount and repayment tenure will depend on applicable interest rate and borrower’s profile. Given the modest loan size, EMIs are expected to remain small and manageable.

How quickly will funds be disbursed?

Upon approval, the loan amount is typically credited promptly often within 24–48 hours, directly into your account.

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