Track your ICICI Bank Personal Loan Status Online

ICICI Bank’s loan act more like a friend in need than a simple financial product. A personal loan can make your life easier when it comes to financial crunches. The modern lifestyle and the consistently increasing if commodity prices have also increased the demand for a personal loan. Due to this huge demand, various personal loan lenders are available in the market which makes the choice of the best lender difficult for you. To help out in this article we will be discussing one of the top lenders and financial players in the market and that is ICICI Bank personal loan.

ICICI is a name that almost every citizen of India is aware of. As it has made a major place in the financial industry out of its constant and efficient financial services to its customers. It offers a wide range of financial products and personal loan is one of the most preferred ones. There are various reasons for the huge demand for ICICI Bank personal loans like it is a multipurpose loan. Let’s have a quick look at some of the major reasons for the same:

  • ICICI personal loan processing is hassle-free.
  • Minimal documentation is required for ICICI Personal Loan
  • A borrower can also apply online for the loan.
  • ICICI personal loan is easy to avail with few clicks.
  • Up to Rs. 20 Lakhs can avail under ICICI personal loan.
  • A borrower can get ICICI personal loans at a competitive rate of interest. 
  • Flexible loan tenure starts from 1 year to 5 years.
  • ICICI’s loan interest rate starts at 11.25% (varies on the segment, asset category, and location).
  • A fixed interest rate is offered on ICICI personal loan which means that market fluctuations do not bother the rate of interest.

Advantages of ICICI Bank Personal Loan

The financial need can emerge at any point in time. One of the best routes to take in such a situation is a personal loan. ICICI Bank personal loan comes with a range of schemes and also the benefits. So, let’s see some benefits of the ICICI personal loan:

  • Quick loan Approval

ICICI personal loan approval process is so simple and fast that after submission of the loan application you can get the loan approval in a short period. In some cases, you can even get the loan approval on the same day as long as you meet the eligibility.

  • Online Loan Process

Most of the time, the borrower looks for a loan in case of urgency where time plays a major role. 

  • Simple and minimal documentation

You are just required to upload the basic documents from anywhere at any time.

  • Flexible Repayment Tenure

ICICI Bank personal loan comes along with flexible repayment tenure which ranges from 1 year to 6 years.

  • Simple to use the portal

ICICI Bank has designed its website in such an efficient way that even the first-time user can use it with complete ease.

One of the major benefits of ICICI Bank personal loan is online loan processing. So, if you are thinking of taking a personal loan online? It is a good decision, especially if you urgently require funds. An online ICICI Bank personal loan application is easy to avail of. It helps borrowers with heightened ease of access to personal loans. You can apply online for a personal loan and can track ICICI Bank personal loan status online. Some other benefits of applying online for ICICI Bank personal loan is given below:

  • Complete Privacy

Online lenders use an applicant’s personal information only for loan assessment. ICICI Bank doesn’t share it with anyone. Also, they use high-level security to keep all the data safe.

  • Online EMI Calculation

This is the perfect solution for EMI calculation. If you traditional apply online for a personal loan from a bank, the loan officer may follow some algorithms and come back to you with an EMI amount. 

  • Perfect Support in Emergency

ICICI Bank personal loan application can be your perfect financial support. Because their loan processing is quick which leads to fast loan approval. Another best part of applying for an online personal loan from ICICI Bank is that there is no need to explain it to anybody about why you are availing a personal loan.

  • Greater Convenience 

Well, ICICI Bank personal loan online services have made it possible; offering this great convenience of approving and availing the loan without personally visiting the bank branch. All are required to fill out the online loan application form, attach all the required documents, ensuring that you fit in ICICI Bank credit score eligibility criteria and its done. 

  • 24*7 Service

Applying for an ICICI Bank personal loan online can at least relax you with the quick money. 

  • Saves Time

It’s a fact, people don’t have time, especially when they require money. Usually, they want quick cash and ICICI Bank offers the same with perfection.

Eligibility for availing ICICI Personal Loan 

To avail ICICI personal loan, a borrower has to stand up on eligibility criteria. The ICICI personal loan eligibility consists of several criteria varies on different factors. Here are the generic eligibility criteria:

  • The applicant’s age should be 23 years to 58 years.
  • 2 years of working experience in the current organization.
  • The applicant must be residing in the present residence for at least one year.

ICICI Bank Personal Loan Documents Required

  • The common list of documents:
  • Duly filled loan application form 
  • Recent passport-sized photograph.

Identity proof (any of the following)

  • PAN Card
  • Aadhaar Card
  • Passport Copy
  • Driving License
  • Voter ID Card

Address Proof (any of the following)

  • Passport Copy
  • Rental Agreement
  • Driving License
  • Bank Statement or Passbook
  • Electricity Bill
  • Ration Card
  • Telephone Bill

Age Proof (any of the following)

  • Passport Copy
  • PAN Card
  • Any other certificate obtained from a statutory authority
  • Last 3 Salary Slips or Last 6 months Bank Statements/ Passbook
  • Form 16
  • Last 3 years IT Returns