Pre-Approved Personal Loan Benefits & Features
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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Instant Home Loan
Instant* sanction with special fees
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Insta Top Up
Get quick solution to your financial needs in 3 clicks*
![Instant Balance Transfer](/content/dam/icicibank/icici-assets/personal-banking/fd-Xtra-icon.png)
Instant Balance Transfer
Generate instant sanction letter with no documentation*
![PMAY](/content/dam/icicibank/icici-assets/personal-banking/personal-loan-icon.png)
PMAY
Avail subsidy benefit up to 2.67 Lakh
Never leave your dreams hanging!
Get a Personal Loan now with minimum documentation.
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