ICICI Bank Personal Loan Mumbai - Rates February 2024, Eligibility, EMI, IFSC

ICICI Bank Personal Loan in Mumbai

ICICI Bank Mumbai branches with IFSC Codes and Customer Care Number

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

BranchAddressIFSCMICRContact details
Nariman Point215, Free Press House, Free Press Marg, Nariman point, Mumbai, Maharashtra 400021ICIC000000440022900202233667777 / 02244455000
Andheri WestSagar Avenue, Ground Floor, Opp. Shoppers Stop, S.V. Road, Andheri West, Mumbai. 400058 Maharashtra ICIC000001140022900302233667777 / 02244455000
BorivaliAbhilasha - 1, Punjabi Lane, Borivali (W), Mumbai. 400092 Maharashtra ICIC000001840022900502233667777 / 02244455000
PowaiGalleria Shopping Mall, Hiranandani Gardens, Powai, Mumbai 400076 MaharashtraICIC000002040022900402233667777 / 02244455000
GhatkoparKailash Plaza, Final Plot 355, Vallabh Baug Lane, Opp. Odeon Cinema, Ghatkopar East, Mumbai-400077 MaharashtraICIC000002640022900902233667777 / 02244455000
Dadar167 - C, Poonawadi, Dr. Ambedkar Road, Dadar, Mumbai-400014 MaharashtraICIC000003240022901002233667777 / 02244455000
BandraPlot No.206 - 221, Krystal Bldg, Waterfield Road, Bandra(West), Mumbai 400050 MaharashtraICIC000003840022901202233667777 / 02244455000
PrabhadeviGr. Flr., Kala Academy, Ravindra Natya Mandir, Prabhadevi, Mumbai 400028 Maharashtra ICIC000005740022901302233667777 / 02244455000
VashiGround Floor, Arti, Shivaji Chowk, Sector 2, Vashi, Navi Mumbai. 400703 MaharashtraICIC000015140022901502233667777 / 02244455000
MaladShivam Shopping Centre, S.V.Road, Opp. New Era Cinema, Malad (W), Mumbai. 400064 MaharashtraICIC000015840022901702233667777 / 02244455000
SantacruzGround Floor, Indraprastha, Opposite Premnarayan Indra Narayan Chowk, Linking Road, Santacruz West, Mumbai 400054 MaharashtraICIC000020940022902302233667777 / 02244455000
Vile Parle RoadKadamgiri Complex, Hanuman Road, Vile Parle East, Mumbai. 400057 MaharashtraICIC000021140022902502233667777 / 02244455000

ICICI Bank Mumbai Main Branch with IFSC Code

  • Branch Name: Fort Branch
  • Complete Address: 240, Navsari Building, D. N. Road, Fort, Mumbai, Maharashtra-400001
  • IFSC Code: ICIC0006235
  • MICR Details: 400229016
  • Customer Care Number: 022-67574314 / 4322

Apply Personal Loan @ 10.75%* Rate

ICICI Personal Loan Interest Rates in Mumbai

The important details of ICICI Bank Personal loan Mumbai have been given below.

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

Personal Loan EMI Calculator

A personal loan EMI calculator is the tool that helps you calculate Equated Monthly Installments. Here is an example showing the payments you will have to do if you take a personal loan from ICICI Bank worth ₹15,00,000 for the tenure of 5 years and an interest rate of 11% p.a.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 15,00,00011%1₹ 1,32,572₹ 90,870₹ 15,90,870
₹ 15,00,00011%2₹ 69,912₹ 1,77,882₹ 16,77,882
₹ 15,00,00011%3₹ 49,108₹ 2,67,891₹ 17,67,891
₹ 15,00,00011%4₹ 38,768₹ 3,60,878₹ 18,60,878
₹ 15,00,00011%5₹ 32,614₹ 4,56,818₹ 19,56,818

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

YearPrincipalInterestBalance Amount
1₹ 2,38,132₹ 1,53,231₹ 12,61,867
2₹ 2,65,688₹ 1,25,675₹ 9,96,179
3₹ 2,96,433₹ 94,930₹ 6,99,745
4₹ 3,30,736₹ 60,627₹ 3,69,009
5₹ 3,69,305₹ 22,355₹ 0

Eligibility criteria

The eligibility norms for an ICICI Bank Personal loan Indore 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 of 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.

    How to Apply

    The process of applying for a personal loan is simple and quick. You need to fill the loan application form and submit it along with the documents checklist at your nearest bank branch or online.

    Loan Application Form

    In the application form for a personal loan, you must fill in the below-mentioned details:

    1. Personal details of the applicant/s
    2. Professional details of the applicant/s
    3. Loan details (amount and tenure)

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 bill
  • Age 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

Please refer to Personal Loan Mumbai for more information.

  • Personal Loan Interest Rates February 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%