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    Pre-Approved Personal Loan Benefits & Features

     

    Affordable interest rates
    Affordable interest rates

    ICICI Bank’s pre-approved loans offer affordable interest rates without the hassle of applying for loans and documentation.
    High loan amount
    High loan amount

    Applicants can get a significant loan amount of up to 20 lakh.
    Instant approval
    Instant approval

    Pre-approved loans from ICICI Bank are approved instantly, and applicants can expect the loan disbursal instantly.
    Zero collateral
    Zero collateral

    Pre-approved loans do not need any collateral or guarantor.

    Pre-Approved Personal Loan: Eligibility & Document

    Eligibility criteria and documents required for a pre-approved Personal Loan are as follows:

    Eligibility criteria

    Details

    Good credit score

    A track record of timely repayments and a good CIBIL score

    Existing ICICI Bank customer

    Accessible through the iMobile Pay app orwww.icicibank.com.

    Pre-Approved Personal Loan: Amount & Tenure

    The pre-approved Personal Loan amount differs for every individual. The maximum pre-approved amount can go up to Rs 50 lakh after taking into consideration the customer’s credit history as well as the loan repayment cycle. To repay the loan, you can opt for a tenure ranging from 12 months to 72 months which will make the loan repayment process easy for ICICI Bank customers.

    Sample Personal Loan Calculation

    Loan amount

    Rs 10,00,000

    Interest rate

    11.25% per annum

    Loan term

    60 months

    Monthly EMI

    Rs 21,867

    Processing Fee

    2.00% of the loan amount plus GST

    *The values shown here are for representation purposes only. Actual values may differ.

    To avail a pre-approved Personal Loan digitally, follow these steps:

    Step 1: Log in to the iMobile Pay app

    Step 2: Navigate to the ‘Loans’ section and select ‘Pre-approved Personal Loan’

    Step 3: Confirm your required loan amount and tenure

    Step 4: Validate all the details of your loan

    Step 5: Accept the Terms and Conditions by checking the box and click on ‘Disburse Now’

    Step 6: Authenticate by providing the grid values on your Debit Card and then click on ‘Submit’.

    This digital loan approval process ensures a hassle-free experience.

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    Pre Approved Personal Loan FAQs

    A pre-approved Personal Loan is usually offered by banks to customers who have a clean track record of repaying their dues. It is often offered at lower interest rates. It is also offered in case customer has no credit history basis parameters like income and savings history.

    This is based on your credit history and loan repayment track. ICICI Bank offers pre-approved amount up to Rs 20 lakh.

    You can apply through ICICI Bank website, ICICI Bank iMobile app or ICICI Bank ATM or just SMS PL to 5676766.

    You can repay the loan in Equated Monthly Instalments (EMIs). If you have an ICICI Bank Account, you can mandate us to directly debit the same through auto debit mandate or if you have an alternate bank account, then through NACH mandate.

    Pre-approved loans are instant approved loans and require just 3 seconds* for disbursal.

    No, there is no requirement of security or guarantor for the pre-approved Personal Loan.

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    Never leave your dreams hanging!

    Get a Personal Loan now with minimum documentation.

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