ICICI Bank Personal Loan [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2023]

By | October 31, 2023
About ICICI Bank: ICICI Bank (Industrial Credit and Investment Corporation of India) is India’s leading multinational banking and financial services company. Established in 1994. The bank has an extensive network of branches around the world and ATMs in 17 countries. It is known for starting its internet banking business in 1998.
Head Office: ICICI Bank was established as a wholly owned financial institution in the city of Vadodara in 1994 and also has its head office there. 4,444 
Employees: ICICI Bank currently employs 97,354 employees in 17 branches across the state. Mr. Girish Chandra Chaturvedi is the Chairman of the Bank. Sandeep Bakshi is the current Chief Executive Officer and Managing Director.
Number of branches and ATMs: The bank has a total of 5,275 branches, including all its subsidiaries, and currently has 15,589 ATMs in operation.
Personal Loan Interest Rate: 10.50% to 19.00% per annum
Loan Amount: Rs 50,000 to Rs 2.5 million
Maximum Term: 1 to 6 years
Processing Fee: Up to 2.50% of the loan amount + GST ​​
Advance Fee: 5 of the outstanding principal amount % + GST ​​
Minimum Monthly Salary: Rs 30,000
Loan Cancellation Fee: Rs 3,000 + GST ​​
EMI Bounce Fee: Rs 400 + GST ​​for each bounce

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