You can apply for an ICICI Bank Personal Loan online using the following steps:

1. Fill the application form of ICICI personal loan.
2. Submit key documents like KYC and Financial which are related to salaried individuals.
3. Loan eligibility of the applicant is determined based on the candidate worthiness of the applicant and his or her cibil score.
4. ICICI Personal Loan Provide the Sanction letter which has loan amount, Interest rate, Tenure, emi Payable another terms and condition.
5. Finally after completion of the disbursement process ICICI Personal Loan issues a cheque in favour of the applicants.

When you apply for an ICICI Personal Loan you need to submit a few documents. They are given in the table below:

Because it is fast and easy to sanction. Provides customers who have healthy financial records
Besides, minimum documentation is required to apply for and secure an ICICI Personal Loan.

After applying for an ICICI Personal Loan, submitting all the documents, and undergoing verification it takes about 2 – 3 days to get sanctioned.

Typically, you need to have a minimum CIBIL score of about 700 to secure an ICICI Personal Loan.

The minimum personal loan amount that ICICI Bank sanctions is 5 Lakh and maximum loan amount is 50 Lakhs.

No it is not compulsory to have a co-applicant while applying for an ICICI Personal Loan. However, if you do have one then it enhances your chance of getting a personal loan by mitigating the risk factor in the mind of the lender.

In case of personal loan which is an unsecured loan, the interest rates remains fixed during the entire tenure of the loan period.

It is a fact that having IT returns to show for three financial years helps in improving your loan eligibility and ‘Creditworthiness’. However, you can also secure an ICICI Personal Loan despite not possessing IT returns to show for three financial years, if you seek a small loan amount and have a good ‘CIBIL’ score.

After applying for an ICICI Personal Loan at the lowest interest rate available, submitting all documents, and undergoing verification, it should take ICICI about 1 – 2 working days to disburse a personal loan.

Additional details about ICICI Personal Loan that you need to know about are given below: 

1. Types of ICICI Personal Loan:

   There are a few types of ICICI Personal Loans that are available. They are given below: 

   1. ICICI Bank FlexiCash:

      This is a short term instant credit personal loan overdraft program offered to holders of ICICI Bank salary account. 

   2. ICICI Bank Personal Loan for NRI:

      This scheme is provided for Non-Resident Indians or NRI’s to meet their personal requirements. 

   3. ICICI Bank Pre-Approved Personal Loan:

      This program provides pre-approved instant personal loans to a few select existing customers. It includes loan disbursal within three seconds. 

   4. ICICI Bank Pre-Qualified Personal Loan:

      In this scheme pre-qualified personal loans are offered by ICICI Bank to a select group of customers that involves simple application process and quick processing.

   5. ICICI Bank Personal Loan Balance Transfer:

      ICICI Bank provides this program to provide borrowers from other banking institutes an opportunity to transfer their personal loan to ICICI at the lowest interest rate available. 

   6. ICICI Bank Fresher Funding:

      This scheme from ICICI Bank provides new employees/freshers to finance their personal expenses.