You can borrow money from ICICI Bank and fulfill urgent fund requirements without a hassle. The bank provides personal loans to customers for their fund needs at an attractive rate of interest. And you can get the instant personal loan from ICICI Bank if you are highly eligible for the loan amount. Read the given article to know the ways by which you can get instant ICICI personal loan.
Make sure you meet ICICI Bank personal loan eligibility criteria
To get instant personal loan from ICICI Bank, first check whether you are eligible for the loan or not. You can take the help of the eligibility calculator to know the principal amount you can borrow from the bank. The eligible age for ICICI personal loan is 21 years and above or every salaried individual with an income of INR 15,000 and above can apply for the loan. So if you meet the loan criteria then the loan is approved instantly and the amount is disbursed within 48 hours.
Pre-approved ICICI personal loan for existing customers
If you are an ICICI account holder or loan customer then you can check for the pre-approved loan offers. ICICI Bank provides instant personal loans to the ICICI customers and the loan amount is disbursed within 3 seconds of the approval. Visit the official ICICI Bank website log in to your account and check the loan offers. After that click on the “Apply Now” button and get the loan disbursal in your account. The online loan application process is simple as you don’t need to submit any documents during the process.
Get instant personal loan using ICICI ATM or debit card
The user can also take the help of their ATM card to get ICICI personal loan. Visit any of the nearby ICICI Bank ATM and when you make balance inquiry or cash withdrawal an option of loan is shown on your screen. Then select the pre-approved loan offer after that multiple amount is shown depending on your eligibility choose the required amount. Accept the calculated interest rate, processing fee and EMI amount to complete the loan process. Enter your debit card pin and the loan amount is disbursed to your account within a few seconds.
Pay the loan amount and interest in equated monthly installments
After the loan disbursal, you can pay the principal amount and the applied interest rate in EMI. ICICI Bank provides different types of payment methods for the borrowers so that they can make timely payments. Using the electronic clearing service (ECS), post-dated cheques and auto-debit borrowers can pay the EMIs. And to reduce the burden of interest rate and EMI you can make prepayment for the instant personal loan. Just pay 5% of the outstanding amount as a prepayment fee for the loan.
Necessary fees and documents required for the loan are processing fees and the applicant ID and income proof. You can pay the processing fee using the ICICI Bank online payment services. The processing fee for the loan is 2.50% of the loan amount. So get personal loan from ICICI Bank get money in your account instantly.