Get a ₹80,000 Personal Loan

For salaried employees, below are the eligibility criteria:

• Age: You should be between 20 years and 58 years old. This ensures that individuals applying for the loan fall within a productive working age group and have sufficient time for loan repayments.
• Monthly income: The minimum income should be Rs 30,000 and above. However, this figure can vary based on your profile. A higher income often signifies better repayment capability.
• Work experience: You should have a minimum 2 years of work experience. This shows stability in employment and indicates a steady income stream for loan repayments.
• Number of years at current residence: A minimum of 1 year at the current residence. This stability provides a sense of assurance regarding a borrower's consistency and reliability.

For self-employed individuals, below are the eligibility criteria:

• Age: Self-employed individuals should be 28 years old, while for doctors, the minimum age should be 25 years. The maximum age should be 65 years. This ensures that a borrower can manage the loan through their productive years and into retirement.
• Minimum turnover and Profit After Tax: Non-professionals should have a minimum turnover of Rs 40 lakh, while for professionals it should be Rs 15 lakh, as per audited financials. The minimum profit after tax should be Rs 2 lakh for proprietorship firms/self-employed individuals and Rs 1 lakh for non-professionals, again based on audited financials. This showcases the financial stability and capability to manage loan repayments.
• Business stability: A self-employed individual needs to be in the current business for a minimum of 5 years, whereas doctors need a minimum 3 years of stable practice.
• Relationship with the Bank: A minimum 1 year of a liability relationship (Current or Savings Account) or loan relationship with ICICI Bank within the last 36 months. This includes a good repayment track record showcasing financial responsibility.

Click here to apply for a Personal Loan with ICICI Bank. Follow the simple steps and fill in your application form digitally. Your loan application will be evaluated by the Bank and you will get the disbursement within a few days.

• Plan EMI carefully. 

• Maintain financial discipline. 

• Avoid delayed repayments. 

• Review loan statement periodically.

Use Personal Loan EMI calculator available on ICICI Bank website for precise estimation.