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Personal Loan in Surat
Surat, known as the city of diamonds, brilliantly reflects Gujarat's cultural richness and economic vibrancy. Located on the banks of the Tapi River, Surat is renowned for its thriving diamond and textile industries, bustling markets and vibrant festivals. Financial support often plays an important role in transforming these dreams into reality in a city where dreams are woven into the fabric of its bustling streets and glitter like precious gems.
That's where Personal Loans in Surat come into the picture, extending a helpful hand to the residents of this economic powerhouse. These loans offer the means to fulfil many needs, from weddings to education, business expansion and more.
Are you prepared to take the next step towards realising your financial aspirations? Apply for a Personal Loan in Surat today and experience ICICI Bank’s unparalleled convenience.
- Calculate your Personal Loan EMIs:
Planning your Personal Loan in Surat has become more convenient. Use the Bank’s Personal Loan EMI Calculator to estimate your monthly instalments promptly. Just input the loan amount, interest rate and chosen tenure and the calculator will provide you with a transparent breakdown of your EMIs.
Features and Benefits of Personal Loans in Hyderabad
Avail up to Rs 50 lakh to fulfil your diverse financial requirements, whether home renovation, wedding expenses or debt consolidation.
Enjoy the convenience of our unsecured Personal Loan, that doesn't need any collateral or guarantor.
Experience swift approval and disbursal, ensuring you get your funds exactly when needed.
We understand that your time is valuable. Our Personal Loan in Hyderabad requires minimal documentation to streamline the application process.
Benefit from competitive interest rates, making repayments manageable and cost-effective.
Choose a repayment tenure that suits your financial situation, ranging from 12 to 72 months, providing flexibility and convenience. Apply now and take advantage of these fantastic features to meet your financial goals effortlessly.
Personal Loan Interest Rates in Surat
Eligibility
Personal Loan Interest Rates in Surat
ICICI Bank Personal Loan in Surat stands out due to its competitive interest rates, ensuring that borrowing remains cost-effective for customers. ICICI Bank recognises the significance of offering appealing lending options and the Personal Loan interest rates mirror ICICI Bank’s dedication to providing accessible financial solutions that cater to the diverse needs of the dynamic city of Surat.
Rate of Interest | Processing Fees | Tenure |
---|---|---|
10.80% to 16.15% per annum | Up to 2.50% of the Loan amount plus taxes | 12 months to 72 months |
Fees and Charges for Personal Loans in Surat
When applying for a Personal Loan in Surat, it's helpful to be aware of the associated fees and charges. Here's a breakdown of these charges:
Description of Charges |
Charges Applicable |
---|---|
Loan Processing Charges /Origination Charges (Non-Refundable) |
Up to 2.50% of the loan amount plus applicable taxes |
Prepayment / Foreclosure Charges |
a. 3% on principal outstanding amount. b. Nil after 12 EMIs paid. c. For Business Loans (BIL/BL) <=50 Lakhs i.e. Booked under code ‘UP’, the FC to be considered as “NIL” if first EMI is paid. This is applicable only for Micro and Small enterprises only (subject to URC submission) and not for Medium enterprises. |
Charges for late Payment |
5% Per Annum will be charged on the overdue EMI until repayment. |
Repayment Mode Swap Charges |
Rs 500 per transaction plus applicable taxes |
Loan Cancellation charges |
1. NIL Cancellation within Free Look / Cooling off period (i.e. 15 days from Disbursement). PF will be Non Refundable. b. Cancellation post cooling Period & Before 1 EMI date (i.e. from 16th day till 1st EMI date) - Proportionate APR to be considered with max capping of ₹3000 /- (applicable for Digital Lending) c. Cancellation Fee of ₹. 3,000/- (applicable other than Digital Lending). |
EMI Bounce Charges |
Rs 500 per bounce plus applicable taxes |
Non-Maintenance of Mode of Payment (NMMP Charges) |
Rs 800 (Plus applicable taxes or statutory levies, if any). Charges are levied on a monthly basis if the loan repayment mode is inactive or irregular. |
Fees and Charges for Personal Loans in Surat
When applying for a Personal Loan in surat, stay updated on the associated fees and charges. Here is a breakdown of these charges:
Description of Charges |
Charges Applicable |
---|---|
Loan Processing Charges/Origination Charges (Non-Refundable) |
Up to 2.50% of the Loan amount plus applicable taxes |
Prepayment Charges |
- For salaried customers: 3% on principal outstanding after payment of 1st EMI. - Nil if 12 or more EMIs are paid. - For MSE classified customers: Nil after payment of the 1st EMI for loan amounts up to Rs 50 lakh. |
Additional Interest on Late Payment |
24% per annum |
Repayment Mode Swap Charges |
Rs 500 per transaction plus applicable taxes |
Loan Cancellation Charges |
Rs 3000 plus applicable taxes |
EMI Bounce Charges |
Rs 500 per bounce plus applicable taxes |
Non-Maintenance of Mode of Payment (NMMP Charges) |
Rs 800 (Plus applicable taxes or statutory levies, if any). Charges levied on a monthly basis if the Loan repayment mode is inactive or irregular. |
Personal loan in Surat
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Documents required for a Personal Loan
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Eligibility Criteria for a Personal Loan
Documents required for a Personal Loan in Surat
When applying for a Personal Loan in Surat, you need to provide specific documents based on whether you are a salaried or self-employed individual. Here's a checklist of the necessary Personal Loan documents for both categories:
● Proof of Identity: Aadhaar & PAN Card (both)
● Proof of Residence: Leave and License Agreement, Utility Bill (not more than 3 months old) or Passport
● Last 3 months Bank Statement (where salary/income is credited).
● Salary slips for the last 3 months.
Eligibility Criteria for a Personal Loan in Kolkata
Understanding the eligibility criteria is vital when seeking a Personal Loan in Kolkata:
Age: Applicants should be between 20 and 58 years
Net Salary: Salaried individuals with a minimum monthly income of Rs 30,000 are eligible (Also depends on the applicant’s relationship with the bank)
Total Years in Job/Profession: A minimum of 2 years in your current job or profession is required
Years in Current Residence: Applicants should be residing for a minimum of 1 year in their current location.