Get an affordable Personal Loan with Home Comfort

Posted by Himanshu Kataria on December 28th, 2020

A personal loan behaves more like a friend in need than a basic financial product. The modern lifestyle and the increasingly growing price of goods have also fuelled demand for personal loans. Due to this huge demand, numerous personal loan lenders are available in the market, which makes it difficult for you to select the best lender. We will address one of the top lenders and financial players of the market to helpyou  out in this article and that is ICICI Bank Personal Loan.

ICICI is a name that virtually every Indian person is aware of. As it has made it has gained  big position in the finance industry because of its constant and reliable financial services. It provides a wide variety of financial products and one of the most preferred is personal loan. There are numerous explanations for the enormous demand for personal loans from ICICI Bank, such as multipurpose loans. For the same reason, let's quickly look at some of the key reasons:

• Personal loan approval for ICICI is hassle-free. 

• Minimum documentation is required for ICICI Personal Loan 

• A borrower may apply for the loan online, as well. 

• With a few taps, an ICICI personal loan is easy to use. 

• Under ICICI personal loan, up to Rs. 20 Lakhs can be used. 

• ICICI Bank personal loan interest rate comes at affordable price.

• A flexible term on loans starts from 1 year to 5 years. 

• The ICICI Bank Personal Loan Interest Rate begins at 11.25 percent (varies between segment, asset category, and location category).

• A fixed interest rate is given on ICICI personal loans, which ensures that the interest rate is not influenced by market fluctuations. 

ICICI Bank Personal Loan Advantages 

At any point in time, financial need will arise. A personal loan is one of the safest routes to take in such a situation. Personal loans from ICICI Bank come with a variety of schemes and incentives as well. So, let's see some of the ICICI personal loan advantages:

• Rapid Loan Approval: The approval process for ICICI personal loan is so simple and fast that you can get the loan approval in a short time after submission of the loan application. In certain situations, as long as you comply with the eligibility, you can also get the loan approval on the same day. 

• Online Process for Loan: Much of the time in the event of urgency, the borrower finds a loan where time plays a major role.

• Easy and minimal paperwork: You are simply required to upload the basic documents at any-time from anywhere. 

• Flexible Tenure for Repayment: ICICI Bank's loan comes with a flexible tenure for repayment ranging from 1 year to 6 years. 

• Easy use of the portal: ICICI Bank has built its website in such an efficient way that it can be used with complete ease even by first-time users.

Online application of loans is one of the main advantages of ICICI Bank personal loans. So, if you're thinking of taking an online personal loan? It's a good decision, particularly if you need funds urgently. It is easy to make use of an online ICICI Bank personal loan application. This allows borrowers to have greater ease of access to personal loans. You can apply for a personal loan online and can monitor the status of ICICI Bank personal loans online.

Some other advantages of applying for a personal loan from ICICI Bank online are given below: 

• Full Confidentiality 

Online lenders use the personal information of a borrower only for loan evaluation. ICICI Bank is not sharing this with anyone. They also use high-level encryption to keep all the information secure. 

• Online measurement of EMI 

This is the ideal EMI calculation solution. If you traditionally apply for a bank personal loan online, the loan officer can follow those algorithms and come back to you with a loan officer.

• Greater Comfort 

Well, ICICI Bank personal loan online services could provide this great convenience of approval and use of the loan without visiting the bank branch personally. All you are required to complete is just  the online loan application form, insert all required documents, ensure that you fit the eligibility requirements for the ICICI Bank credit score and that it is completed. 

• Support 24*7 

You can at least relax with fast cash by applying for an ICICI Bank personal loan online.

Eligibility for ICICI Personal Loan availability 

An applicant needs to stand up to eligibility conditions to use ICICI personal loans. The eligibility for the ICICI personal loan consists of many conditions that vary according to various factors. Here are the generic conditions for eligibility: 

• The age of the claimant should be from 23 years to 58 years. 

• 2 years of experience serving with the new company. 

• The applicant must live for at least one year in the present place of residence.

Conclusion:

A personal loan from ICICI Bank can be of great help to meet financial needs. Undoubtedly that ICICI bank offers a low-interest rate on personal loans but that doesn’t mean that you’ll overlook the other charges and terms of the loan. Always make sure to thoroughly read and understand the lender’s discretion before applying for it.