ICICI Bank Personal Loan Interest Rate 2020

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ICICI Bank Personal Loan Interest Rate 2020
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Industrial Credit and Investment Corporation of
India Limited (ICICI Bank) is a prestigious name.
The ease that the bank offers whether it is in
real-time conversations or interest rates that
are deemed competitive in the industry make it a
bank that the nation trusts.  And so naturally,
when we talk about personal loan, it is difficult
to imagine going with any other bank other than
ICICI.  This page contains the complete detail
of everything there is to make an informed
decision about ICICI Bank personal loan interest
rate.
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ICICI Personal Loan Details

• Aim of the Loan ICICI bank personal loan can be
  used for any expense belonging to personal in
  nature - marriage, vacation, medical emergency,
  etc. 
• Main Features 
• The loan is available for both self-employed and
  salaried professionals. 
• Borrowers should be between 23 and 65 years of
  age
• The loan amount can be of maximum upto Rs. 40
  Lacs.
• The loan tenure can be anywhere between 12 and 60
  months.
• Usually, the loan rate is maximum 14.99
• Processing Fees The range is between 0.99 to
  2.25
• Pre Closure Charge The preclosure of ICICI
  personal loan is 5
• Other Charges 
• EMI Bounce charge
• Late EMI charge
• Loan Cancellation Charge

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Factors Which Carry an Impact on Your ICICI
Personal Loan Interest Rate
ICICI has become the top money lending bank of
India at the back of its careful consideration of
factors which have been curated for the best
selection of applicants. Credit Score of the
Applicant - Your credit score is based on your
lending history, and has a direct impact on your
loan approval rate. The more your credit score,
the more you are presumed to be a healthy
investment.  Reputed Employer - The reputation of
your employer is also taken into consideration
when you apply for ICICI bank personal loan. The
more know your company is the easier are the
chances of yours getting loan approved in time
and that too at a considerably lower rate of
interest.  The income of the applicant - Your
income also plays a good part in the approval
speed of your loan and the rate of interest. If
your salary bracket is on the higher side, the
rate of interest will be comparatively lower as
compared to if you have a low salary
bracket. Relationship With Bank - Applicants who
already have a bank account in ICICI have a
better chance at getting their personal loan
approved at a low rate of interest vis-a-vis
those who do not have an existing ICICI account.
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Thank You
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