Personal Loan: One-stop solution to manage all your immediate financial needs

Posted by IndiaLends on January 7th, 2020

ICICI Bank offers a wide range of loans to help borrowers to meet their immediate financial requirements. Applying for a loan from ICICI Bank is very easy and it can be used for multiple purposes. The loan can be availed without pledging any security with the lender.

Features and Benefits of ICICI Bank Personal Loan:-

1. Multi-purpose loan: The loan can be put to multiple uses like wedding, travel, higher education, debt consolidation, purchasing expensive gadgets, home renovation, medical emergency etc.

2. Higher loan amount: The loan is available for both self-employed and salaried individuals. A salaried professional can avail a maximum loan amount of up to Rs. 20 lakhs, Rs. 30 lakhs for self-employed individuals and Rs. 40 lakhs for doctors.

3. Flexible rate of interest: The rate of interest is fixed and is charged on a monthly reducing basis. It is calculated on the overdue amount i.e. the amount which is to be repaid after the EMI and the interest paid.

4. Flexible tenures, EMI and Payment Options: If you want to apply for instant loans from ICICI Bank, then it is the best idea as the bank offers the loan at an attractive interest rate with a loan tenure ranging between 12 months to up to 60 months. Also, you have the freedom to pay the loan in easy instalments and can choose an EMI plan which best suits your current financial position.

5. No need for collateral/security: You can avail an unsecured loan from the bank without pledging any of your assets like home, property or anything else as security at the time of applying.

6. Hassle-free documentation: Loans offered by ICIC Bank requires little or minimal documentation which ensures ease of the application process.

Step-By-Step Process to apply for a loan online from ICICI Bank:-

Applying for an unsecured loan from ICICI Bank is very easy. All you need to do is fill an online application form and complete the process in 4 easy steps.

Step 1: Check Your Eligibility

Firstly, check your eligibility by using personal loan EMI calculator to decide how much loan amount you would like to borrow and for how long. Fill an easy online application form by filling in your basic details and check the offer available for you.

Step 2: Bank will show specific Offers to you based on your eligibility

Based on your personal and professional details, the bank will provide you with an exclusive offer along with the complete details like loan amount, interest rate and tenure.

Step 3: Complete Your Online Application

Fill in your loan application form completely and correctly. You need to fill details like your salary, age, date of birth etc. It will hardly take 5 minutes to fill the form.

Step 4: Upload the required documents

The last step is to upload all your documents and you will receive the loan amount in your bank account upon verification.

How to track your ICICI Personal Loan status online?

You can easily apply for a personal loan from ICICI Bank. The best part about these loans is that it offers the customer a simple and hassle-free way means of checking their online loan status for which you need to provide these details like:

1. Your application number
2. Your reference number
3. If you don't have the application and reference number then you need to provide the following details to know your loan's current status which includes name, date of birth, product name, PAN Number, Loan amount requested etc.