Top Banks 2024
ICICI Bank Chennai
Last Updated : June 1, 2018, 3:49 p.m.
Products Offered by ICICI Bank in Chennai
ICICI Bank offers different kind of products which can surely tackle all your financial concerns. One can obtain a personal loan, home loan, business loan, car loan, education loan and loan against property from the bank. You can open a fixed deposit account with the bank and earn good returns on the same. Check out the tables so that you can have a better understanding of the products offered by ICICI Bank.
Basic details of ICICI bank loans in Chennai
| 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 Chennai Branches with IFSC Codes
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| Cenotaph Road | No., 1, Cenotaph Road, Rathna Nagar, Alwarpet, Chennai, Tamil Nadu 600018 | ICIC0000001 | 600229002 | 044 3366 7777 |
| Nungambakkam | 110, Prakash Presidium, Nungambakkam High Road, Uthamar Gandhi Salai, Chennai, Tamil Nadu 600034 | ICIC0000009 | 600229003 | 044 3366 7777 |
| Nanganallur | 2nd Main Rd, Ram Nagar, Nanganallur, Chennai, Tamil Nadu 600061 | ICIC0000054 | 600229004 | 044 3366 7777 |
| Ashok Nagar | Jawaharlal nehru road, First Avenue, Ashok Nagar, Chennai, Tamil Nadu 600083 | ICIC0000077 | 600229005 | 044 3366 7777 |
| Santhome | Bay Castle, No-, 30, Santhome High Rd, Basha Garden, Santhome, Chennai, Tamil Nadu 600028 | ICIC0000212 | 600229021 | 044 3366 7777 |
| Alwarthirunagar | 153, Arcot Road, Sri Sai Square, Valasaravakkam, Alwarthirunagar, Chennai, Tamil Nadu 600087 | ICIC0000232 | 600229022 | 044 3366 7777 |
| Porur | No:1 Mount Poonamallee Road, Shakthi Nagar, Chennai, Tamil Nadu 600116 | ICIC0000275 | 600229024 | 044 3366 7777 |
| Nelson Manickam Road | 39, Nelson Manickam Road, Rajaram Mehta Nagar, Aminjikarai, Chennai, Tamil Nadu | ICIC0000276 | 600229023 | 044 3366 7777 |
| Kilpauk | No 34, Balfour Road, Kilpauk, Chennai, Tamil Nadu 600010 | ICIC0000278 | 600229025 | 044 3366 7777 |
| Adyar | 2, LB Rd, Sector 1, Adyar, Chennai, Tamil Nadu 600020 | ICIC0000350 | 600229026 | 044 3366 7777 |
| Velachery | 137, LIC Colony Main Road, E B Colony, Velachery, Chennai, Tamil Nadu 600042 | ICIC0000385 | 600229027 | 044 3366 7777 |
| Anna Nagar West | Old No : 664, New No13, School Road, Anna Nagar West, Chennai, Tamil Nadu 600101 | ICIC0000395 | 600229028 | 044 3366 7777 |
ICICI Bank Chennai Customer Care
1800 200 3344 is the number you need to get in touch with ICICI so as to resolve all your queries and complaints. Dial this number between 9 a.m. to 6 p.m. from Monday to Friday if you are looking a help from the highly talented and experienced customer care executives of ICICI. With having the relevant years of experience and expertise, these professionals give an answer to all your unresolved issues and make sure to give you 24×7 assistance.
ICICI Bank EMI Calculator
Talking about an EMI Calculator, it would not be wrong to say that this smart and dynamic tool is here to make your loan journey smoother. Yes, by taking into account, the loan amount, interest rate and tenure, this device allows you to know the exact calculations of your loan EMIs, Interest Outgo and Total Amount Payable in the easiest and quickest manner.
Go to the table below to know about the calculations on a loan amount of ₹6 Lakh, taken for a tenure of 5 years at an interest rate of 12.75% 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 | ₹ 91,634 | ₹ 71,268 | ₹ 5,08,365 |
| 2 | ₹ 1,04,025 | ₹ 58,877 | ₹ 4,04,340 |
| 3 | ₹ 1,18,091 | ₹ 44,810 | ₹ 2,86,248 |
| 4 | ₹ 1,34,060 | ₹ 28,842 | ₹ 1,52,188 |
| 5 | ₹ 1,52,330 | ₹ 10,714 | ₹ 0 |
Documents Needed to Apply
The documents needed for availing a loan from ICICI Bank Chennai 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 is one of the renowned private sector banks in the nation which has worked constantly for the welfare of the people. It has taken proper care of the financial needs of the customers by offering them assistance from time to time. It has set up over 4500 branches and more than 14,000 ATMs in the country so that services are available when it is needed the most. The bank main head office is situated in the city of dreams, Mumbai. The bank was earlier promoted by ICICI Limited as a wholly owned subsidiary and has spread its presence to 19 different countries. It has dedicated all the energies towards keeping the customer satisfied and content.
ICICI has been applauded and appreciated for its services from all the corners. It was conferred the award of the Best Retail bank in India at the 2016 Asian Banker International Excellence in Retail Financial Services Awards. As a matter of fact, the bank was successful in winning the award for the third time continuously. Chennai is a very important centre of education, trade, medical, IT and tourism. ICICI bank has established more than 100 branches in the city so that the growth process of the city keeps on moving in the right direction.