ICICI Bank Personal Loans are designed by ICICI Bank for its customers to suit personal requirements of individuals like marriage,holiday, education or purchase of any expensive commodity.
ICICI Bank personal loans provides you with the necessary capital to own your own car, bike, boat, RV, or even airplane.
ICICI Bank personal loans cater to a wide variety of customer needs. ICICI Bank Loans are also offered at competitive terms and conditions.
ICICI Bank personal loans include the following features
- Online application for loans are entertained. Decision regarding loan approval is reached in 15 minutes
- The process to apply loan is simple, affordable and fast
- It is a type of unsecured loan
- No collateral is needed neither is any annual fee or application fee charged
- Consolidate debt can be taken
ICICI Bank Personal Loan Rates
The interest rates for the personal loans offered by ICICI Bank are little higher than other types of loan programs. This is because the loans are unsecured and there is no collateral or any asset that can be repossessed by the bank when the borrowers are unable to repay the loan amount in time.
As there is some risk involved, the Bank charges a slightly higher interest rates. However, ICICI Bank personal loan rates are largely determined by the type of loan term, the credit score of the borrowers and their repaying ability.
