ICICI Bank Personal Loan Review
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4 Comments
Icici Bank is a private sector bank. It is India’s second largest bank and the largest private sector bank by market capitalization.
Loan amount
The maximum amount of loan available is 10 lacs. This is more or less in keeping with whats available in the market.
Interest rate
The interest rate ranges from 14% to 18% depending on the customer profile and loan amount. It is a floating type of interest rate. The rate is competitive without being too low or high.
Charges
The processing fees are 2% of the loan amount which is more or less the industry standard. The prepayment charges are 5% of the outstanding amount. These are quite high and are a deterrent for people looking to repay their loans ahead of schedule.
Tenure
The tenure of the loan ranges from 1 year to 4 years. This is slightly lower than the 5 year tenure that most banks offer.
Ratings
Reputation: 3/5
Loan amount: 2.5/5
Interest rate: 2.5/5
Charges: 2/5
Tenure: 2.5/5
Overall: 2.5/5
Published on August 6, 2010 · Filed under: ICICI Bank Personal Loan;
4 Responses to “ICICI Bank Personal Loan Review”
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Mastram Hariyani said on April 18th, 2011 at 9:19 am
Dear sir
I have looking personal loan for 1years only 30000 so i hpe you if u have get me loan and i have stay in Jamnagar -
S.SARAVANAN said on June 16th, 2011 at 11:03 am
I HAVE LOOKING FOR A PERSONAL LOAN OF RS 50000 AND I HAVE GOOD REPAYMENT DEALING WITH YOUR ICICI BANK LOANS(VEHICLE LOAN, PERSONAL LOAN, CREDIT CARD PAYMENT ETC). SO KINDLY LOOK FORWARD
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S VENKATESH said on August 21st, 2011 at 6:08 am
DEAR SIR
I AM LOOKING FOR PERSONAL LOAN OF AMOUNT 50000 FROM ICICI BANK I ALREADY HAD SALARIED ACCOUNT FROM LAST 3.5 YEARS,IN GACHIBOWLI BRANCH HYDERABAD. -
saravanan.m said on August 21st, 2011 at 11:32 am
send any details my email id
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