How Will The ICICI Personal Loan Help Manage My Wedding Expenses?

The most precious day of your life is your wedding and to make that a dream wedding you put all your savings to it. But what if the budget is more than your expectation? Don’t worry about this situation, borrow ICICI personal loan. You may think a loan is safe for your wedding but yes, ICICI personal loan comes at an attractive interest rate from 10.75% onwards. And one can borrow a loan amount up to INR 20,00,000 deepening on the income and other criteria. Read the article below to know about it in detail.

What Makes ICICI Personal Loan Your First Choice for Emergency?

  • Instant Approval: You can get ICICI personal loan approval online with its net banking services. Login to your account and apply for the loan by filing the application form. Mention your personal details and net monthly income. After the submission ICICI Bank representative will get in touch with you.
  • Quick Disbursal: The loan will be disbursed to your bank account in 48 hours of its approval. This gives a great advantage to the borrower who is in urgent need of a loan.
  • Highl Loan Amount: ICICI Bank offers a loan up to INR 20,00,000 to the customers knowing what is their income, credit history and current obligations. If the bank believes you are eligible to pay ICICI personal loan, your application will be approved. 
  • Attractive interest Rate: The bank charges an interest rate ranging from 10.75% to 18.49% per annum. 
  • Flexible Tenure: You can choose ICICI personal loan repayment period from 12 to 60 months whichever is suitable for you. 
  • Lowest Processing Charge: A processing fee of INR 1,999 + GST to maximum 2.25% of your loan amount is debited from your disbursed loan amount.
  • Affordable EMIs: The loan which you have borrowed for your wedding can be paid in small equated monthly installments. Use the ICICI personal loan EMI tool if you need any assistance with it.

ICICI Personal Loan EMI Calculator

Use ICICI Personal Loan EMI Calculator to estimate the EMI amount. Understand how it works with the example below.

Example: Ria is about to get married and till her mehndi function the wedding is gone over budget. Now she needs approximately INR 5 lakh to manage the wedding and reception function. So Ria applies for ICICI personal loan and she gets an interest rate of 13.20% per annum. Now Ria thought which tenure she should choose for a low EMI and less interest outgo. She uses the ICICI personal loan EMI calculator and the following is the result she gets.

Loan Amount

Interest Rate

Tenure

EMI

Interest Outgo

Total Payment

5,00,000

13.20%

1

44,706

36,467

5,36,467

5,00,000

13.20%

2

23,818

71,630

5,71,630

5,00,000

13.20%

3

16,895

1,08,227

6,08,227

5,00,000

13.20%

4

13,463

1,46,245

6,46,245

5,00,000

13.20%

5

11,428

1,85,668

6,85,668

 

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