How to Start Your Online Personal Loan Application

Things You Should Know 

  • Eligibility Criteria

    Age: 20-65 years Click here to view

  • Pre-Payment Options

    Pre-payment is allowed after the first Equated Monthly Instalment (EMI) payment; charges are applicable. However, no foreclosure charges after 24 EMIs.  Click here to know more.

  • Processing Fee

    Up to 2% + GST. Click here to view other fees & charges

  • Choose a Suitable Tenure

    Flexible repayment tenure that ranges from 12 to 72 months.

  • Quick Disbursal

    Funds are disbursed quickly upon approval.

FAQs

How to get a Personal Loan step by step?

To get a Personal Loan, start by applying online through the ICICI Bank Net Banking channel, the ICICI Bank iMobile app or by visiting a nearby ICICI Bank branch. Provide basic personal and income details, choose the loan amount and tenure. Then review loan details and authenticate your application through e-Sign. Once the application is assessed and approved, the loan amount is credited, subject to internal checks and documentation requirements.

How long is the approval process for a Personal Loan?

The approval process for a Personal Loan depends on factors such as the applicant's profile, the completeness of information, and verification requirements. If a customer has a pre-approved offer, then the loan is disbursed instantly without any documentation. Otherwise, it usually takes one working day for loan approval, subject to customer's eligibility.

How to get a Personal Loan step by step?

To get a Personal Loan, start by applying online through the ICICI Bank Net Banking channel, the iMobile app or by visiting a nearby ICICI Bank branch. Provide basic personal and income details, choose the loan amount and tenure and complete verification. Once the application is assessed and approved, the loan amount is credited, subject to internal checks and documentation requirements.

How long is the approval process for a Personal Loan?

The approval process for a Personal Loan depends on factors such as the applicant's profile, the completeness of information, and verification requirements. Some applications may be processed faster, while others may take longer due to additional checks. Final timelines are subject to internal assessment and applicable procedures.

Disclaimer

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