ICICI Bank Bengaluru

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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

ProductEligibilityLoan amountInterest rateProcessing feeTenure
Home loan1.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)8.35% - 8.85%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 loanSalaried 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
10.99% - 18.49%2.25% of the loan amount plus GSTOne to five years
Car loanSalaried 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 price10.75% - 15.50%₹ 2,500 to ₹ 5,000+GSTSeven years
Fixed depositsAny 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
4.00% - 7.25%NIL7 days to ten years
Loan against propertyAnybody, 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 croreDepending upon the value of the mortgage property0.50% of the loan amount plus GSTUp to 15 years
Business loan1.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 croreAs per the bank guidelines.

It depends on the business profile, loan amount, previous track record and tenure period
2% along with GST applicableUp to seven years
Education Loan1. You can take an education loan against any one of the following-
Securities
Property
Fixed deposits
₹ 10 Lakh to ₹ 20 LakhLoan 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 LoanYou 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 lakhs10-16.50%1% of the sanctioned loan amount6 to 12 months

ICICI Bank Branches with IFSC Codes in Bengaluru

BranchAddressIFSCMICRContact details
MG Road Commissariat Road, 1 Floor, Ground Floor, Bengaluru, Karnataka 560025ICIC000000256022900208033667777 / 08044455000
Koramangala80 Feet Road,
No.5, 7th Block, Koramangala, Bengaluru, Karnataka, 560095
ICIC000004756022900308033667777 / 08044455000
JayanagarElephant Rock Road, No 807, 3rd Block, Jayanagar, Bengaluru, Karnataka 560011ICIC000005356022900408033667777 / 08044455000
Malleshwaram47, 5th Cross Road, Vyalikaval, Yellappa Garden, Malleshwaram West, Bengaluru, Karnataka 560003ICIC000007856022900508033667777 / 08044455000
BidadiPlot No. CA 2P1, Bidadi Industrial Area, Near Toyota Kirloskar Motor Limited, Ramanagaram Taluk, Bangalore Rural District, Bidadi, Karnataka 562109ICIC000008456022900608033667777 / 08044455000
VijaynagarNo.1740, 17Th Cross, Vijayanagar, Bengaluru Karnataka 560040 ICIC000015956022901008033667777 / 08044455000
IndiranagarCMH Road, No 515, MPS Tower, Indiranagar, Bengaluru, Karnataka 560038ICIC000016956022901308033667777 / 08044455000
RT NagarNo.5, P & T Colony, R.T.Nagar Main Road, R T Nagar, Bengaluru, Karnataka 560094ICIC000020456022901408033667777 / 08044455000
Cox town Coles Road,
No 55, Frazer Town, Bangalore, Karnataka, 560005
ICIC000025256022901708033667777 / 08044455000
Langford Road20, Langford Road, Bheemanna Garden, Shanti Nagar, Bengaluru, Karnataka 560027ICIC000026956022901808033667777 / 08044455000
Rajaji Nagar1693/A/32, Doctor Rajkumar Road, Prakash Nagar, Rajaji Nagar, Bengaluru, Karnataka 560021ICIC000029656022902308033667777 / 08044455000
Avenue Road1st Cross, K G Road Extension, No 11, Opposite Menaka Theatre, Bengaluru, Karnataka 560009ICIC000035956022902608033667777 / 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

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year Principal Interest Balance Amount

Documents Required to Apply

The documents needed for availing a loan from ICICI Bank Bengaluru have been mentioned below-

ProductDocuments
Home loanCompletely 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 loanSalaried 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 loanPhotographs 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 depositProof 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 propertyCompletely 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 loanCompletely 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 Loan1.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 LoanTwo 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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EMI Calculator