• ₹30,000
  • ₹40 Lakhs
  • ₹0
  • ₹40 Lakhs
Months
  • 12 Months
  • 72 Months

You are eligible for a total
loan amount of Rs

Disclaimer*: The information provided is not guaranteed to be accurate or complete and is indicative and tentative in nature. Users are advised to exercise caution and seek professional advice before making decisions based on it. ICICI Bank bears no liability for updating the data or for any losses arising from the use of this information.

Personal Loan Eligibility Criteria

Personal Loan eligibility criteria for salaried individuals

  • Age: Between 20 years and 58 years

  • Net salary**: Minimum monthly income of Rs 30,000

  • Total years of work experience: 2 years

  • Duration of years at the current residence: 1 year

 

Note:

**The minimum salary requirement will differ depending on the profile (type of employer, having a relationship with ICICI Bank etc.) of the customer.

 

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Personal Loan eligibility criteria for self-employed individuals

  • Age: Minimum: 28 years (for self-employed individuals) and 25 years (for doctors). Maximum: 65 years

  • Minimum turnover: Rs 40 lakh for non-professionals and Rs 15 lakh for professionals as per audited financials

  • Minimum profit after tax: Rs 2 lakh for proprietorship firms/self-employed individuals and Rs 1 lakh for non-professionals as per audited financials

  • Business stability: In current business for at least 5 years and minimum 3 years for doctors

  • Existing relationship with ICICI Bank: Minimum 1 year liability relationship (Current or Savings Account) or loan relationship either live or closed in the last 36 months; repayment track as required.

 

Note:

ICICI Bank provides Personal Loans to self-employed individuals under business instalment loans.

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Personal Loan eligibility FAQs

How to check Personal Loan eligibility?

ICICI Bank offers Personal Loans to salaried and self-employed individuals. You can easily check your eligibility for a Personal Loan on our website. Click here to check your eligibility. If you are an existing customer of ICICI Bank, you can also check your eligibility for a Pre-approved Personal Loan offer on the iMobile Pay app and Internet Banking

Can I get a Personal Loan if my monthly salary is Rs 30,000?

Yes, salaried applicants can get a Personal Loan from ICICI Bank with a minimum monthly salary of Rs 30,000. However, the minimum salary required may also differ depending on the applicant’s profile - nature of employment, employer, whether the employer has any relationship with ICICI Bank and so on. 

How much Personal Loan can I get based on my salary?

Depending on your salary, credit score and employment status, you can get a Personal Loan starting from Rs 50,000 up to Rs 50 lakhs subject to ICICI Bank's internal policy. The amount is decided based on your age, income and other factors. This amount can also be increased depending on certain factors. It is best to get in touch with ICICI Bank directly to explore all your options.

How does age impact Personal Loan eligibility and loan tenure?

ICICI Bank Personal Loans are available to salaried applicants aged between 20 years and 58 years. On the other hand, self-employed applicants must be aged between 28 years (25 years for doctors) and 65 years to be eligible for a Personal Loan from ICICI Bank. The applicants should fall within a specific age group, as this indicates a higher likelihood of having a steady income and the ability to repay over a longer period.

What are the factors that determine Personal Loan eligibility?

For salaried applicants, the Personal Loan eligibility depends on their age, net salary, years of professional experience and duration of residence at the current address. Self-employed individuals are assessed based on their age, minimum turnover, minimum profit after tax, business stability and existing relationships with ICICI Bank. These criteria collectively determine the eligibility for a Personal Loan, ensuring a thorough financial stability and credibility evaluation. Lastly, the applicant’s credit score may also be considered. Eligibility criteria can be changed according to RBI guidelines.

How to increase Personal Loan eligibility?

To increase your eligibility, focus on improving your credit score by making timely bill payments and reducing existing debts. Showcasing a consistent income or having a co-applicant with a stable income can also positively impact your eligibility.

Personal Loan eligibility blogs


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