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ICICI Bank introduces instant personal loans through ATMs

July 20, 2017

  • Customers can get loans upto Rs.15 lakh instantly
  • Fully digital and completely paperless procedure

Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of instant disbursal of personal loans through ATMs.This service enables existing salaried customers of the bank to get pre-qualified personal loans in their savings account instantly, in a completely digital and paperless manner.


The facility improves customer experience as it offers a bouquet of unique features: swift application in simple steps, multiple eligible loan amount options upto Rs.15 lakh based on pre-checked CIBIL scores and instant transfer of the money to the customer’s account. It also incorporates an additional level of authentication in order to make the security of the offering robust. Through this offering, a customer can get personal loans of upto Rs. 15 lakh for a fixed tenure of 60 months.


Talking about the initiative, Mr. Anup Bagchi, Executive Director, ICICI Bank said, “ICICI Bank has been at the forefront of digital innovations since its inception. The offering of instant personal loan at ATMs enables our customers to receive funds conveniently, when they choose to opt for the loan. We believe that this compelling proposition of a completely paperless procedure and instant disbursal of funds through our ATMs offers a unique experience to our customers. We at ICICI Bank will continue to focus on innovations in technology to offer such innovative services that are simple, fast and secure”.


On completion of a transaction for balance enquiry or cash withdrawal, customers will be shown the option of availing the loan. Customers can avail this loan at any ICICI Bank ATM by following the below mentioned steps:

  1. Select the required pre-approved loan offer. Multiple amounts may be shown depending on the customer’s eligibility
  2. Accept the auto populated interest rate, processing fee and EMI (Equated Monthly Installment) amount
  3. Confirm on the terms and conditions displayed
  4. Enter debit card PIN

Money gets transferred to the customer's account instantly on completion of this procedure. Customers can also avail personal loans from the Bank’s website, iMobile – its mobile banking application as well as its branches.


For further details, visit:


ICICI Bank services its large customer base through a multi-channel delivery network of 4850 branches, 13882 ATMs, phone banking, internet banking (, mobile banking, banking on Facebook & Twitter and ‘PocketsbyICICIBank’ the country’s first digital bank on mobile.


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About ICICI Bank Ltd: ICICI Bank Ltd (NYSE:IBN) is India’s largest private sector bank by consolidated assets. The Bank’s consolidated total assets stood at US$ 152.0 billion at March 31, 2017. ICICI Bank's subsidiaries include India's leading private sector insurance, asset management, securities brokerage and primary dealership companies, and among the country’s largest private equity firms. It is present across 17 countries, including India.


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Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks as well as other risks detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. All reference to interest rates, penalties and other terms and conditions for any products and services described herein are correct as of the date of the release of this document and are subject to change without notice. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or other service levels is only indicative and should not be construed to refer to any commitment by us. The information contained in this document is directed to and for the use of the addressee only and is for the purpose of general circulation only.

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