How to get a Rs 2 lakh
Personal Loan

Applicants interested in a Personal Loan from ICICI Bank can use the Personal Loan EMI Calculator to check the applicable interest rate. They can also experiment with different combinations to arrive at a loan amount and tenure that is ideal for them.

Interest rate:

This rate depends on various factors such as the applicant's credit history, income and the Bank’s policies. After assessing these aspects, the final rate offered to the applicant is determined. ICICI Bank offers attractive Personal Loan interest rates. 

Processing fee:

While applying for the loan, a processing fee is levied. This fee covers the administrative costs involved in processing the loan application.

Tenure:

Borrowers have the flexibility to choose a repayment tenure that suits their financial situation. The tenure for this Personal Loan ranges from 12 months to 72 months. This allows borrowers to select a repayment schedule that aligns with their ability to repay the loan comfortably.

The following documents are required to apply for a Rs 2 lakh Personal Loan:

Salary slips: The applicant needs to provide salary slips for the last 3 months that indicate his/ her regular income

Bank statements: Bank statements for the last 3 months for validating financial transactions and account stability

Identification proof: A valid identity proof such as a Passport, Driver's Licence, Voter ID or PAN Card (any one) is mandatory to verify the applicant's identity.