ICICI Bank Personal Loan
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Dear Team, Great Day…
ICICI BANK PL product policy
Income Norms:
Elite & Govt —- 30K NTH
Super prime: –
- ICICI Salary A/c — 30K
- Other Salary A/c — 30K
Preferred:
- ICICI Salary A/c — 35K
- Other Salary A/c — 35K
Open Market: Net Salary 40K (Loan amount max 10 Lacs)
CIBIL : 0 / -1 —- YES
<700 —- with mitigant (live loan more than 12 EMIs paid)
Bachelor Accommodation —- Yes
Hostel / PG —- Yes
Age Norms:
- Min : 23 Years
- Max : 58/ 60 as per state Govt policy.
Foreclosure charge zero “0” for all customers after 12 EMI’S
Employment: Minimum total Employment 2 Years required (in one or multiple jobs)
Minimum locking period: 12 Months.
Top-up : Allowed only after 6 EMIs being paid.
Parallel Loan : Allowed only after 3 EMIs being paid.
Balance Transfer:
- Allowed for any number of loans based on eligibility.
- Credit card BT : Not allowed.
- MCA Registration : Mandatory
- Partial payment : Not allowed.
- Pre closure charges : allowed zero charges.
Tenure:
- Minimum : 12 Months
- Maximum : 72 Months for Elite and Govt, sal > 50K CIBIL > 750 Else 60 months
Co-applicant / Joint loans in CIBIL
- Obligation is not considered if the applicant is not the primary applicant in the loan and the EMI is paid by co-applicant account (with Co -applicant pay slips and bank statements on file).
FOIR Norms :
- Salary 30K – 50K :
- Elite, Govt & super prime — 55%
- Preferred & open market — 50%
- Sal 50K – 70K
- Elite, Govt & Super prime — 65%
- Preferred & open market — 55% (Salary 70K and above)
- Elite, Govt & Super prime — 70% (with HL)
- Preferred & open market — 60%
NRI Loans :
- Customer should have NRE account in ICICI bank.
- NRI would be co-applicant in the loan.
- Income and eligibility will be calculated based in the average remittance in ICICI NRE account.
- Maximum loan amount : 20 L based on the policy and eligibility.
- Documents required as per policy :
- Applicant — KYC docs req
- NRI — income, passport, employment, contract copy & bank statements with salary credit req.
Pensioner PL Policy :
- Applicable for retired Govt and Non Govt employees.
- Loan amount from 50K to 5lakh.
- Maximum Age : 65 Year
- Maximum tenor 36 months
- Minimum pension 20K per month
Compliant mandatory
Other income can be considered maximum up_to 50% of pension amount based on
ITR filed.
For any issues pls contact me company category list please be free to reach below
Regards :-
Amount Bazaar
Site – amountbazaar
Gmail – rohan.amountbazaar@gmail.com