ICICI Bank Bengaluru
Last Updated : Feb. 25, 2017, 11:57 a.m.
Products Offered by ICICI Bank in Bengaluru
ICICI Bank offers people in the city of Bengaluru various options when it comes to financial products. The products offered include a business loan, car loan, education loan, personal loan, gold loan, loan against the property and home loan. These products are tailor-made to meet the requirements of the people. In case you have pooled up some money, you can open a fixed deposit account with the bank and get good returns. Do examine the tables given below to properly understand the product details.
Basic details of ICICI bank loans in Bengaluru
| Product | Eligibility | Loan amount | Interest rate | Processing fee | Tenure |
|---|---|---|---|---|---|
| Home loan | 1.The applicant should have obtained at least 21 years of age when the loan is sanctioned. 2.65 years is the age when the loan should be fully repaid. 3.The applicant should be salaried individual or a self-employed. 4.The co-applicant must at least be 18 years old. 5. In order to enhance his loan eligibility, the applicant can add his/her spouse, who is earning well, as a co-applicant | From ₹ 30 lakhs to above ₹ 5 crore ( for few cases) | 9.00% - 10.05% | 0.50 to 1% of the loan amount or ₹ 1,500 along with GST New Delhi, Mumbai and Bengaluru- ₹2,000+GST | 30 years |
| Personal loan | Salaried employee- 1. The applicant should be between the age group of 23 to 58 years. 2. Monthly Income requirement: New Delhi and Mumbai-₹ 25,000 Kolkata, Bengaluru, Hyderabad, Pune, Chennai- Kolkata, Bengaluru, Hyderabad, Pune and Chennai ₹ 20,000 For other cities- at least ₹ 17,500 3.Work experience of two years 4. Should live in the current residence for at least on year. Self-employed individual 1. The applicant should be between the age group of 28 to 65 years. For doctors, the minimum age has been kept at 25 years 2. A business stability of five years is needed. For Doctors it is three years. 3. Liability or Asset relationship with the bank for a period of at least one year is required. 4. Minimum profit after tax: -Self- employed/proprietorship firm: ₹2 Lakhs -Non-Professional: ₹1 Lakh 5. Minimum turnover- Non-Professional- ₹40 Lakhs Professional- ₹ 15 Lakhs | Salaried- ₹20 Lakhs Self-employed- ₹30 Lakhs Doctor- ₹40 Lakhs | 10.75% - 19.00% | 2.25% of the loan amount plus GST | One to five years |
| Car loan | Salaried employee 1.The age of the applicant should be between 23 to 58 years. 2.Annual income should be at least ₹ 2.5 Lakhs 3.Employment stability of more than two years is needed. 4.Applicant should be working with the current employer for a period of at least one year. Self-employed Professional 1.The applicant needs to fall the age bracket of 28 to 65 years. The loan has to be fully repaid by the age of 65. 2.Annual income should be at least ₹ 2 Lakhs. 3.Business stability of more than three years Self-employed Non-Professional 1.Profit after Tax of a minimum of ₹ 2 Lakhs. 2.Business stability of more than three years | 100% of ex-showroom price | 7.90% Onwards | ₹ 2,500 to ₹ 5,000+GST | Seven years |
| Fixed deposits | Any resident Indian can open a fixed deposit account. | ₹ 10,000 and above. You can avail a loan up to 90% of the principal and accrued interest | 2.50% - 6.30% | NIL | 7 days to ten years |
| Loan against property | Anybody, whether a self-employed professional or a salaried individual can apply for a loan. The applicant should fall in the age bracket of 21 to 65 years. The applicant should have a property which he/she can mortgage. He/she must earn sufficient enough to repay the loan. Proprietors, partnership firms and companies can apply too. | Up to ₹ 5 crore | Depending upon the value of the mortgage property | 0.50% of the loan amount plus GST | Up to 15 years |
| Business loan | 1.Anybody who is engaged in service, manufacturing or trade can apply for a business loan. 2.Must belong to any of the following segments- -Sole Proprietorship -Private Limited Company -Partnership firm -Public Limited Company | Up to ₹ 1 crore | As per the bank guidelines. It depends on the business profile, loan amount, previous track record and tenure period | 2% along with GST applicable | Up to seven years |
| Education Loan | 1. You can take an education loan against any one of the following- Securities Property Fixed deposits | ₹ 10 Lakh to ₹ 20 Lakh | Loan against securities- 11% Loan against property- As per the bank guidelines Loan against fixed deposits- Upto 90% of the Fixed Deposits | Up to seven years ( securities) Up to 15 years ( against property) |
|
| Gold Loan | You need to be an individual falling in the age bracket of 18 to 70 years and you must own a gold ornament | ₹ 10,000 to ₹ 15 lakhs | 10-16.50% | 1% of the sanctioned loan amount | 6 to 12 months |
ICICI Bank Branches with IFSC Codes in Bengaluru
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| MG Road | Commissariat Road, 1 Floor, Ground Floor, Bengaluru, Karnataka 560025 | ICIC0000002 | 560229002 | 08033667777 / 08044455000 |
| Koramangala | 80 Feet Road, No.5, 7th Block, Koramangala, Bengaluru, Karnataka, 560095 | ICIC0000047 | 560229003 | 08033667777 / 08044455000 |
| Jayanagar | Elephant Rock Road, No 807, 3rd Block, Jayanagar, Bengaluru, Karnataka 560011 | ICIC0000053 | 560229004 | 08033667777 / 08044455000 |
| Malleshwaram | 47, 5th Cross Road, Vyalikaval, Yellappa Garden, Malleshwaram West, Bengaluru, Karnataka 560003 | ICIC0000078 | 560229005 | 08033667777 / 08044455000 |
| Bidadi | Plot No. CA 2P1, Bidadi Industrial Area, Near Toyota Kirloskar Motor Limited, Ramanagaram Taluk, Bangalore Rural District, Bidadi, Karnataka 562109 | ICIC0000084 | 560229006 | 08033667777 / 08044455000 |
| Vijaynagar | No.1740, 17Th Cross, Vijayanagar, Bengaluru Karnataka 560040 | ICIC0000159 | 560229010 | 08033667777 / 08044455000 |
| Indiranagar | CMH Road, No 515, MPS Tower, Indiranagar, Bengaluru, Karnataka 560038 | ICIC0000169 | 560229013 | 08033667777 / 08044455000 |
| RT Nagar | No.5, P & T Colony, R.T.Nagar Main Road, R T Nagar, Bengaluru, Karnataka 560094 | ICIC0000204 | 560229014 | 08033667777 / 08044455000 |
| Cox town | Coles Road, No 55, Frazer Town, Bangalore, Karnataka, 560005 | ICIC0000252 | 560229017 | 08033667777 / 08044455000 |
| Langford Road | 20, Langford Road, Bheemanna Garden, Shanti Nagar, Bengaluru, Karnataka 560027 | ICIC0000269 | 560229018 | 08033667777 / 08044455000 |
| Rajaji Nagar | 1693/A/32, Doctor Rajkumar Road, Prakash Nagar, Rajaji Nagar, Bengaluru, Karnataka 560021 | ICIC0000296 | 560229023 | 08033667777 / 08044455000 |
| Avenue Road | 1st Cross, K G Road Extension, No 11, Opposite Menaka Theatre, Bengaluru, Karnataka 560009 | ICIC0000359 | 560229026 | 08033667777 / 08044455000 |
EMI Calculator
If you want to apply for a personal loan, it is also important for you to know about an EMI Calculator, i.e. what role this device plays in your overall loan journey. Well, an EMI Calculator is one such tool that allows you to know your monthly installments, interest outgo and total amount payable on a loan in the easiest way. By taking into account the loan amount, tenure and interest rate, this tool gives you the exact calculations within few seconds.
Get more clarity on the same by looking at a table below, showing the calculations on a loan amount of ₹5 Lakh, taken for a tenure of 4 years at an interest rate of 14.65% per annum.
Table Showing EMI, Interest Outgo, and Total Repayment Amount EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Year
Principal
Interest
Balance Amount
1
₹ 99,154
₹ 66,767
₹ 4,00,845
2
₹ 1,14,697
₹ 51,225
₹ 2,86,148
3
₹ 1,32,675
₹ 33,246
₹ 1,53,472
4
₹ 1,53,639
₹ 12,450
₹ 0
Documents Required to Apply
The documents needed for availing a loan from ICICI Bank Bengaluru have been mentioned below-
| Product | Documents |
|---|---|
| Home loan | Completely filled application which is duly signed Photographs of passport size Identity Proof:- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card Proof of Residence:- Utility Bill / Passport/Leave and License Agreement Proof of Age- Passport/Birth certificate/ High school marksheet Bank statement of the last six months Salary slip of the past three months Processing fee cheque Extra documents needed are given under- For Self-employed Professional: Proof of existence of Business Education qualification certificate Income tax returns of the past three years For Self-employed Non Professional: Proof of existence of Business Education qualification certificate Business Profile Income tax returns of the past three years P&L account and Audited Balance Sheet of the previous three years which has been certified by a CA Other documents related to property- Power of Attorney Format In case, the loan account holder dies, documents required are: Request letter Letter of relinquishment |
| Personal loan | Salaried employee Identity Proof:- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card Two Photographs of Passport size Proof of Residence:- Utility Bill / Passport/Leave and License Agreement Bank Statement of the past three months in which the salary is credited Salary slips of the past three months. Self-employed Individuals: Proof of Identity- Aadhar card/PAN card/ Passport/Voter ID card Address Proof- Utility Bill / Passport/Leave and License Agreement Proof of Age- Passport/Birth certificate/ High school marksheet Bank statement of the previous six months Proof of continuity of business. Proof of Income- Audited Balance Sheet and Profit & Loss account of the previous two years Proof of Office address Proof of office ownership |
| Car loan | Photographs of passport size Completely filled application form Proof of Identity- Aadhar card/Voter ID card/PAN Card/Passport/Driving License Proof of Age- Birth certificate/Passport/High school marksheet/PAN card Proof of Residence- Allotment letter/Passport/Telephone Bill/Electricity Bill/Leave and license agreement Bank statement with verification of signature Proof of Income- Salaried employee: Latest salary slip and Form 16 Self-employed Professional: Income tax (IT) returns of the previous two years Self-employed Non Professional: Income tax returns of the last two financial years along with audited Balance Sheet and Profit & Loss account Proof of ownership or Proof of business stability (Self-employed) Partnership deed and a letter duly signed by the present partners whereby they give complete authority to one partner (Self-employed Non Professional). For companies and societies two things are needed -Memorandum & Articles of Association plus Resolution by board of directors |
| Fixed deposit | Proof of Identity- Passport/Voter ID card/PAN card/Aadhar card/Driving License/Government ID card/Senior citizen ID card/ Photo Ration card. Proof of Address- Passport/Telephone Bill/Bank statement with cheque/Electricity Bill/Leave and license agreement/ID card issued by a Post Office |
| Loan against property | Completely filled application which is duly signed Photographs of passport size Identity Proof:- Aadhar card/Driving License /Passport /PAN Card/ Voters ID card Proof of Residence:- Utility Bill / Passport/Leave and License Agreement Proof of Age- Passport/Birth certificate/ High school marksheet Bank statement of the last six months Salary slip of the past three months Processing fee cheque Extra documents needed are given under- For Self-employed Professional: Proof of existence of Business Education qualification certificate Income tax returns of the past three years For Self-employed Non Professional: Proof of existence of Business Education qualification certificate Business Profile Income tax returns of the past three years P&L account and Audited Balance Sheet of the previous three years which has been certified by a CA Property documents- Agreement for Sale & construction, Letter of Allotment, Tripartite Agreement which has to be given before disbursal of loan, Certificate of possession, Detailed cost of construction and Land tax receipt. |
| Business loan | Completely filled Application form Proof of Entity – Partnership deed/Shops and Establishment certificate/Certificate of Incorporation PAN Card copy of Entity, Partners/Proprietors/Directors, guarantors and Security providers Proof of Address of Entity, Partners/Proprietors/Directors, guarantors and Security providers Bank statement of the last six months Audited Balance Sheet and Profit & Loss account of the last three financial years The performance of the current year and estimated turnover on the letterhead of the entity Income Tax returns of the past one year of the borrowing entity |
| Education Loan | 1.For Loan against security- Passport size photographs Proof of Residence- Electricity Bill/Telephone Bill/Passport/Rent and Lease agreement PAN card copy is mandatory Proof of Identity- Aadhar card/PAN card/Voter ID card/Passport/Driving license Processing fee cheque Demat statement 2. For Loan against property- Same documents as given above in the section of LAP (Loan against Property) 3. For Loan against fixed or recurring deposits- Completely filled application form which is signed by both the FD holder and borrower Original FD receipts which should be discharged by the holder |
| Gold Loan | Two photographs of passport size Proof of Identity- Aadhar card/Voter ID card/PAN Card/Passport/Driving License Proof of Residence- Allotment letter/Passport/Telephone Bill/Electricity Bill/Leave and license agreement Land holding proof in case of agriculture loan above ₹ 1 Lakh. |
About ICICI Bank
ICICI Bank has always been a bank for the masses as well as the classes. The bank has managed to light up the faces of many people across the country. It entered the banking world in India in the year 1994, when it was originally promoted as a banking subsidiary by ICICI limited. After that, it has gone ahead to become one of the most popular and successful private sector banks in the country. The bank has established more than 4000 branches and 14,000 ATMs in India, which are at their best service. The bank acquired Bank of Madura in the year 2001 to grow its business.
ICICI Bank has achieved quite a milestones in its banking journey. It is one of the only banks in India to have more than one million online customers. It launched the first ever internet banking facility in the country during 1998. It was the First financial institution ever in India which successfully leveraged the Host Card Emulation technology. It introduced the first ever contactless mobile payment solution for the people of India. The bank has from time to time, introduced digital innovations and offered world class experience to all its customers. The same happy customers are now bringing new customers for the bank. Bengaluru is referred as the ‘Silicon Valley of India’ because of its immense contribution to the field of information technology. ICICI Bank has more than 100 active branches in the city which are providing timely assistance to the customers.
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