Medical emergencies can be stressful. ICICI Bank provides quick and easy Personal Loan for medical emergencies with easy EMIs, ensuring you get the financial support you need without any collateral.
SUITABLE FOR
Loan up to ₹50 lakh
100% digital process
Affordable Interest rate
Flexible tenure
Interest rates are based on your credit profile, income stability and internal assessment. The final rate is shared during the application.
You can select a repayment tenure ranging from 12 to 72 months, depending on your eligibility and the approved loan amount.
Once the loan is approved, the sanctioned amount is credited to your account quickly.
Prepayment and part-payment of the loan is permitted as per the applicable terms. No prepayment charges apply after the completion of 24 EMIs.
Submit the loan application online and track the application status through the website or the iMobile app
up to 2% + GST
Salaried: 20 to 58 years
Self-employed: Minimum 23 years, maximum 65 years at the end of the loan tenure.
Indian citizens aged between 20-58 years can apply for this loan.
Proof of identity and residence
Latest 3 months' bank statement (where the salary or income is credited)
Salary slips for the last 3 months
PAN Card and Aadhaar Card
Proof of identity and residence
Income proof (audited financials for the last 2 years)
Latest 6 months’ bank statement
Office address proof
Proof of residence or office ownership
Proof of continuity of business.
Enter your desired loan amount
Provide your basic personal and work-related information
Review your loan amount and tenure
Confirm your loan application
Get the loan disbursed
Step 1: Download iMobile and log in using your MPIN or fingerprint
Step 2: Navigate to ‘Get Instant Loan/Offers’ and click on 'Apply now' in the Personal Loan section
Step 3: Enter your required loan amount
Step 4: Validate all the details of your loan
Step 5: Accept the Terms and Conditions by checking the box and click on ‘Disburse Now’
Step 6: Authenticate through Aadhaar-based eSign and then click on ‘Submit’
A Medical Loan is a Personal Loan which covers unexpected medical expenses. It offers quick approval, minimal documentation, zero collateral, ensuring immediate financial assistance.
No, Personal Loans, including those for medical emergencies, do not qualify for tax benefits under the Income Tax Act. However, they offer quick access to funds without requiring collateral.
Loan Amount: Based on eligibility, with quick approval
Interest Rate: Starts from 10.85% per annum
Repayment Tenure: Flexible options from 12 - 72 months
Processing Fee: Up to 2% of the loan amount + GST
Zero Collateral: No security or guarantor required
100% digital process: Apply online anytime, anywhere
Can I foreclose my loan with ICICI Bank?
Personal Loan foreclosure facility is extended to all customers availing a Personal Loan with ICICI Bank. Customers can foreclose their Personal Loan after the payment of at least one EMI. However, foreclosure charges (and taxes) will be applicable as per the service charges.
Documents required for a Personal Loan for medical needs include identity proof, address proof and income-related documents. This information is collected from your Aadhaar/PAN/bank statements after your consent. Depending on the applicant profile, additional documents may be requested for verification. The exact documentation is confirmed during the application process when you apply for a Personal Loan for medical emergencies at ICICI Bank.
No collateral is required to apply for a Personal Loan for medical emergencies, as it is an unsecured loan. Eligibility and approval depend on factors such as income, credit profile and repayment capacity, rather than on providing any property or asset as security.
When applying for a Personal Loan for a medical emergency, key factors include income stability, existing financial obligations, credit history and repayment capacity. These factors help determine eligibility and the loan amount that may be offered, subject to internal assessment and applicable lending policies.
The maximum loan amount for a Personal Loan for a medical emergency depends on the applicant's income, credit profile and existing liabilities. The eligible amount is assessed during the application process and may vary based on internal evaluation criteria and prevailing lending guidelines.
Yes, a Personal Loan is generally unsecured and does not require collateral, subject to eligibility criteria.
Repayment tenure depends on loan amount and internal eligibility norms at the time of approval. ICICI Bank provides Personal Loan for a maximum tenure of 6 years.
