by CICI Bank Personal Loan Interest Rates and Features
ICICI Bank offers competitive interest rates on personal loans, starting from 10.80% per annum and going up to 17.99% per annum depending on various factors like the applicant’s credit score, income stability, and relationship with the bank【7†source】【8†source】【9†source】.
Key Features and Benefits:CICI Bank Personal Loan Interest Rates and Features
1. **Loan Amount**: You can avail of a personal loan of up to Rs. 50 lakhs.
2. **Interest Rates**: The rates start at 10.80% per annum and can go up to 17.99% per annum.
3. **Processing Fee**: Up to 2.50% of the loan amount plus GST.
4. **Tenure**: Flexible repayment tenure ranging from 12 to 72 months.
5. **Prepayment Charges**: No prepayment charges if the loan is closed using own funds (for MSME customers); otherwise, 5% of the remaining principal amount plus GST.
6. **Late Payment Charges**: Additional interest of 24% per annum on late payments.
7. **No Collateral Required**: Personal loans from ICICI Bank do not require any collateral【7†source】【9†source】.
Bajaj Finance Personal Loan: Everything You Need to Know
Eligibility and Documentation:CICI Bank Personal Loan Interest Rates and Features
To apply for a personal loan, you need to provide:
– Proof of identity (e.g., Passport, Voter ID, Driving License)
– Proof of address (e.g., Utility bill, Passport)
– Bank statements for the last 3-6 months
– Salary slips for the last 3 months (for salaried individuals)
– Income proof and audited financials for the last 2 years (for self-employed individuals)【9†source】【10†source】.
Application Process:CICI Bank Personal Loan Interest Rates and Features
1. **Online Application**: Fill out the application form on the ICICI Bank website or mobile app.
2. **Document Submission**: Upload the required documents online.
3. **Approval and Disbursal**: If all documents are in order, approval can be instant, and the loan amount can be disbursed within 72 hours【8†source】【10†source】.
Additional Features:CICI Bank Personal Loan Interest Rates and Features
– **EMI Calculator**: Use the ICICI Bank EMI calculator to estimate your monthly installments based on the loan amount, interest rate, and tenure.
– **Balance Transfer**: Transfer your existing personal loan balance to ICICI Bank for potentially lower interest rates after paying 12 EMIs.
– **Top-up Loans**: Existing personal loan customers can apply for a top-up loan based on their outstanding balance【8†source】【10†source】.
For more detailed information and to apply for a personal loan, you can visit the [ICICI Bank Personal Loan page](https://www.icicibank.com).
