Benefits of ICICI Bank Personal Loan Apply Online

ICICI Bank allows you to get personal loans online. With this, many customers have met their financial needs from their homes. There are no branch visits required for an online application. You just need to provide all the details online and the amount will be transferred to your account in three seconds (if the loan is pre-approved). An interest rate starting from 10.25% per annum makes it easier for us to pay a lump sum amount up to INR 50 lakh, the maximum that the bank can offer, in easy instalments. You can pay off the borrowed amount in twelve to sixty months. Read this article and know more about the ICICI Personal Loan Apply Online process and its benefits. 

Advantages of ICICI Bank Personal Loan Apply Online 

When you do ICICI Bank Personal Loan Apply Online, you’ll get the following advantages –

• • Time-Saving – There is no need to visit the bank branch, so you’ll save a lot of time. So, instead of going back and forth from the bank branch to home. You can get the loan from home directly to your bank account.

• Easy to Access – With just one click, you can apply for the loan and get the result on your registered email or mobile. The bank representative may call you in case the loan is approved or rejected. 

• Get access to online tools – You can check out the online tools and apply for the ICICI Bank Personal Loan wisely. 

How to do ICICI Bank Personal Loan Apply Online?

You can do ICICI Bank Personal Loan Apply Online using your smartphone or laptop. And keep the required documents nearby as you may need to upload the same. To apply for the loan online, follow these steps –

• Go to the official website of ICICI Bank 
• In the ‘Product’ section, select ‘Personal Loan’
• Click on the ‘Check Eligibility’ button
• Enter the state or city you live in, your date of birth, full name, mobile number, relationship with ICICI Bank, type of employment
• Agree to the terms and conditions
• Click on the ‘Check Eligibility’ button
• From the available offers, select one
• Complete the application form by providing more details
• Upload the documents
• Click on the ‘submit’ button

Shortly, you’ll receive a call from the ICICI Bank representative.

What Documents You’ll be Needing for ICICI Bank Personal Loan Apply Online?

The bank requires the following documents online –

KYC Documents

This section will include the documents that will prove your age and name. For this, the bank will approve the following documents –

• Passport 
• Driving License 
• Voters ID 
• PAN Card 

Any one of the above will be enough to verify your details. 

Address Proof

The address of your home will be required, so the bank can send you important documents related to your loan. To prove your permanent address, upload the following –

• Leave and License Agreement 
• Utility bills such as electric, phone, water (not more than three months old)
• Passport 

Submit any one of the above address proof.

Income Proof

To cross-check your income, the bank will be needing the following –

• Latest three months bank statement of the account where salary or income is credited each month
• Salary slips for the last three months. You collect your salary slip from the employer by asking about the same from the HR department.

Do the ICICI Bank Personal Loan Apply Online Documents Differ for Self-employed?

Yes, the documents may have some similarities but there are some additions to them. To do ICICI Bank Personal Loan Interest Rate Apply Online, a self-employed person need to submit the following –

• Proof of identity
• Address proof
• Date of birth proof.
• Proof of residence
• Audited financials for the last two years
• Latest six months bank statement where you maintain all your income
• Office address proof
• Residence or office ownership proof
• Business continuity proof