ICICI Bank Chennai

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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

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)8.55% - 8.80%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% - 7.55%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 Chennai Branches with IFSC Codes

BranchAddressIFSCMICRContact details
Cenotaph RoadNo., 1, Cenotaph Road, Rathna Nagar, Alwarpet, Chennai, Tamil Nadu 600018ICIC0000001600229002044 3366 7777
Nungambakkam110, Prakash Presidium, Nungambakkam High Road, Uthamar Gandhi Salai, Chennai, Tamil Nadu 600034ICIC0000009600229003044 3366 7777
Nanganallur2nd Main Rd, Ram Nagar, Nanganallur, Chennai, Tamil Nadu 600061ICIC0000054600229004044 3366 7777
Ashok NagarJawaharlal nehru road, First Avenue, Ashok Nagar, Chennai, Tamil Nadu 600083ICIC0000077600229005044 3366 7777
SanthomeBay Castle, No-, 30, Santhome High Rd, Basha Garden, Santhome, Chennai, Tamil Nadu 600028ICIC0000212600229021044 3366 7777
Alwarthirunagar153, Arcot Road, Sri Sai Square, Valasaravakkam, Alwarthirunagar, Chennai, Tamil Nadu 600087ICIC0000232600229022044 3366 7777
PorurNo:1 Mount Poonamallee Road, Shakthi Nagar, Chennai, Tamil Nadu 600116ICIC0000275600229024044 3366 7777
Nelson Manickam Road39, Nelson Manickam Road, Rajaram Mehta Nagar, Aminjikarai, Chennai, Tamil NaduICIC0000276600229023044 3366 7777
KilpaukNo 34, Balfour Road, Kilpauk, Chennai, Tamil Nadu 600010ICIC0000278600229025044 3366 7777
Adyar2, LB Rd, Sector 1, Adyar, Chennai, Tamil Nadu 600020ICIC0000350600229026044 3366 7777
Velachery137, LIC Colony Main Road, E B Colony, Velachery, Chennai, Tamil Nadu 600042ICIC0000385600229027044 3366 7777
Anna Nagar WestOld No : 664, New No13, School Road, Anna Nagar West, Chennai, Tamil Nadu 600101ICIC0000395600229028044 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

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 6,00,00012.75%1₹ 53,520₹ 42,240₹ 6,42,240
₹ 6,00,00012.75%2₹ 28,455₹ 82,913₹ 6,82,913
₹ 6,00,00012.75%3₹ 20,144₹ 1,25,191₹ 7,25,191
₹ 6,00,00012.75%4₹ 16,022₹ 1,69,063₹ 7,69,063
₹ 6,00,00012.75%5₹ 13,575₹ 2,14,511₹ 8,14,511

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

YearPrincipalInterestBalance 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-

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 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.

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EMI Calculator