ICICI Bank Personal Loan Kochi - Rates March 2024, Eligibility, EMI, IFSC

ICICI Bank Personal Loan in Kochi

About ICICI Bank Personal loan in Kochi

ICICI bank personal loan can be secured by an individual, irrespective of whether he/she is a self-employed or a salaried employee. The personal loan product can be used for any purpose. It can be for the purchase of your favorite gadget or a trip to Europe or even for the renovation of your house. A personal can also be used for a wedding function or any medical emergency. The loan comes with attractive interest rates and easy documentation. ICICI bank has established more than ten branches in Kochi so that delivery of the product is ensured on time.

ICICI Bank Personal loan in Kochi at a glance

Check out the essential details about ICICI Bank Personal loan Kochi here.

Interest rate10.75% - 19.00%
Loan amountSalaried- ₹20 Lakhs
Self-employed- ₹30 Lakhs
Doctor- ₹40 Lakhs
TenureOne to five years
Processing fee2.25% of the loan amount plus GST
Pre-payment charge5% per annum of the principal which is outstanding along with GST

Apply Personal Loan @ 10.75%* Rate

Eligibility criteria

The eligibility norms for an ICICI Bank Personal loan Kochi have been given below. Check them out to see if you are eligible or not.

For Salaried employees:

  • The applicant must fall in the age group of 23 to 58 years. This clearly means it is mandatory to have attained the age of 23 in order to avail a personal loan.
  • The applicant should be living in his/her present residence for a period of at least one year
  • The applicant must earn a stable income if he/she wishes to obtain a personal loan. The minimum salary every month should be 17,500. In case, the person lives in either  Mumbai or New Delhi, then he/she needs to earn at least 25,000 each month. Those who reside in Pune, Kolkata, Hyderabad, Chennai and Bengaluru are supposed to earn at least  20,000 each month.
  • He/she should be working in their current profession or job for a period of at least two years.

Self-employed individuals:

  • The applicant should fall in the age bracket of 28 to 65 years. The loan needs to be fully repaid before the applicant completes 65 years of age. The bank has imposed the minimum age as 25 years for doctors.
  • A business stability of a minimum of five years is required for self-employed individuals. Doctors should be employed in their profession for a minimum period of three years.
  • A minimum turnover is compulsory to get a personal loan from the bank. For non- professionals, the turnover must be at least ₹ 40 lakhs and for professionals, it should be at least ₹15 Lakhs.
  • A minimum profit after tax is also required for a hassle free disbursal of your loan. It must be 1 Lakh for non-professionals and 2 Lakhs for self-employed professionals or any partnership firm.
  • A liability (savings or current account) relationship or an asset (loan) relationship must be there with the bank. The applicant must have such relationship for a minimum of one year for an account that is either opened or closed in the last three years.

Documents required

The list of important documents has been given below-

Salaried individuals:

  • Identity Proof- PAN card/ Voter ID card/ Passport/ Driving License
  • Two Photographs of passport size
  • Proof of Address- Leave and License agreement/ Passport/ Telephone bill/ Water bill/Electricity bill
  • Bank statement of the last three months, where the applicant’s salary is being credited
  • Salary slips of the previous three months

Self-employed individuals:

  • Proof of Address- Leave and License agreement/ Passport/ Telephone bill/ Water bill/Electricity billAge Proof- Birth certificate/ High school marksheet/ Passport
  • Bank statement of the previous six months
  • Proof of office address
  • Identity Proof- PAN card/ Voter ID card/ Passport/ Driving License
  • Proof of continuity of the business
  • Income tax returns of the last two years
  • Proof of ownership of office
  • Audited Balance Sheet plus Profit & Loss account

You can check out Personal Loan Kochi for more information.

Address of ICICI Bank branches in Kochi

The list of ICICI Bank branches in Kochi has been mentioned below along with their addresses, IFSC and MICR codes.

BranchAddressIFSCMICRContact details
Mahatma Gandhi RoadEmgee Square, M.G.Road, Ernakulam, Kochi. 682035 KeralaICIC00000106822290029020667777
KadavantharaAdonai Towers, S.A Road, Kadavanthara Po, Kochi - 682016 KeralaICIC00002776822290049020667777
PalarivattomModus Building, S.N Junction, Palarivattom, Kochi - 682037, KeralaICIC00010296822290089020667777
EdappallyB M Complex, Edappally, Ernakulam, Kochi Kerala 682024ICIC00062646822290039020667777
ThoppumpadyAmbal Building, Near Gammon Bridge, Thoppumpady, Kochi - 682006, Ernakulam Dist., Kerala.ICIC00016916822290109020667777
Willingdon IslandOld Dlb Building, Willingdon Island, Kochi - 682 009.KeralaICIC00011646822290169020667777
ChembumukkuPalackal Building, Chembumukku, Kakkanad, Kochi - 682030, Ernakulam Dist., Kerala.ICIC00011636822290149020667777
Ravi PuramTeepeyem Tower, Opp. Shipyard, Ravi Puram, Kochi - 682020, Ernakulam Dist., Kerala.ICIC00011626822290139020667777
KaloorNaduparambil House, Kaloor - Kadavanthra Road, Kaloor, Kochi - 682017, Ernakulam Dist., Kerala.ICIC00011616822290129020667777
KalamasseryWard - 3, Door No.284 & 285, Rajagiri Road, Kalamassery, Kochi - 683104, Ernakulam Dist., Kerala.ICIC00011596822290119020667777
ElamakkaraBroadways Arcade, Punnakkal Jun, Elamakkara, Kochi - 682026, Ernakulam Dist., KeralaICIC00011606822290179020667777
VyttilaParekkattil Towers, Opposite Welcare Hospital, Vyttila , Ernakulam - 682019, Ernakulam Dist., Kerala.ICIC00011106822290209020667777

  • Personal Loan Interest Rates March 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%