Enter the Era of
Instant Loans
What is an Instant Loan
or a pre-approved loan?
When you have an ICICI Bank Savings Account, our smart algorithms evaluate your eligibility and accordingly create pre-approved loans for you. This ensures when you need your next Home Loan, Car Loan, Personal Loan or a Credit Card, you get them instantly and easily, with minimum documentation.
How does ICICI Bank
Savings Account provide
me with Instant Loans?
Basis your eligibility, all your pre-approved loans are available for you 24x7. So whenever you need them, you login to iMobile (our Mobile Banking app) or ICICI Bank Internet Banking and avail them in an instant.
How is ICICI Bank
Savings Account a
better Saving Account?
ICICI Bank Savings Account is packed with industry leading personal banking features:
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Open a Savings Account instantly using Aadhaar. |
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Average Monthly Balance required: ₹10,000. |
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Get exciting offers on your favorite brands. |
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Complimentary ₹50,000 air accident insurance and
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Money multiplier: Earn higher interest by setting a
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iMobile - India’s best mobile banking experience.
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A world-class Internet Banking experience designed to
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Access to a wide network of 5,200+ branches and
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I already have an
ICICI Bank Savings
Account. What do I do
to avail these loans?
If you keep most of your savings in your ICICI Bank Savings Account and regularly use this account for your transactions, then you may already have a few loans pre-approved. Log in to iMobile app or ICICI Bank Internet Banking and check if you are eligible for pre-approved loans.
Click here for additional FAQs
Will I get the
pre-approved loans
immediately after my
account is opened?
After 6 months of opening a Savings Account with ICICI Bank, on the basis of your credit eligibility, your transactions and balance behavior in your account, pre-approved loans may be offered to you. If you are eligible for a pre-approved loan, you will have to login to iMobile app or ICICI Bank Internet Banking to avail the loan.
Are all ICICI Bank
Savings Account customers eligible
for pre-approved loans?
Yes, subject to fulfilling the credit eligibility as per banks policy and internal due diligence criteria, ICICI Bank Savings Account customers may become eligible for pre-approved loans.
Can I get a Credit Card
immediately after
opening a Savings
Account?
While a pre-approved instant credit card will not be offered immediately after opening an ICICI Bank Savings account, ICICI Bank offers the facility of credit card against a Fixed Deposit (“FD”) to its Savings account customers. In case customers wish to apply for credit cards, they can choose to open saving account and invest in an FD. The customers opting for this process can get a credit card at their residence address in seven working days.
Below are the steps for this process:
a) Invest in an FD from ICICI Bank:
- The FD should be of a minimum amount of ₹10,000 with a tenure of over 6 months.
- The FD to be opened in auto renewal mode only.
- The FD can be opened as a Cumulative Fixed Deposit (interest reinvestment) or a Traditional Fixed Deposit (interest payout option).
b) Opt for a credit card while opening the FD.
I already hold an
ICICI Bank Savings
Account but I have not
received pre-approved
loan offers. Will I have to
open a new savings
account with ICICI Bank?
No, you don’t need to open a new ICICI Bank Savings Account to get pre-approved loans offer, you can get pre-approved loans on your existing account if you fulfill the credit eligibility as per banks policy and due diligence criteria.
Can I get Instant Loans without opening a Savings Account?
No. You cannot get an Instant* Loan without opening an ICICI Bank Savings Account.
Sample Personal Loan Calculation
| Loan Amount |  1,000,000 |
|---|---|
| Interest Rate | 11.25% |
| Loan Term | 60 Months |
| Monthly EMI | 21,867 |
| Processing Fees | 1.25% |
*The values shown are for representation purposes only. Actual values may differ.
Flexi payment options from 12 to 60 months