How to get a Rs. 3 lakh Personal Loan

To secure a Rs 3 lakh Personal Loan, applicants must meet the following criteria:

• Age: 20 years to 58 years for salaried employees, 65 years for self-employed
• Person should be an Indian citizen residing in India
• Salaried individual with a steady monthly income
• A positive credit score
• Savings Account with an Indian Bank

Documents required for a Rs 3 lakh Personal Loan:

For salaried individuals:

• Proof of Identity (Choose one): Passport, Driving Licence, Voter ID, PAN Card
• Proof of residence (Choose one): Leave and Licence Agreement, Utility Bill, Passport
• Bank statements for the last 3 months
• Salary slips for the last 3 months
• 2 passport size photographs.

For self-employed individuals:

• KYC documents: Proof of Identity, DOB proof, Address proof
• Proof of residence (Choose one): Leave and Licence Agreement, Utility Bill, Passport
• Income proof (that includes audited books for the last two years)
• Bank statements for the last 6 months
• Office address proof
• Proof of residence or office ownership
• Proof of continuity of business

Secure a Rs 3 lakh Personal Loan with ICICI Bank at competitive interest rates and transparent charges. Here are the key details:

• Interest rates: The interest rates range from 10.65% to 16.00% per annum.
• Loan processing charge: A hassle-free application process with a Loan processing charge of up to 2.50%.
• Prepayment charges: For salaried customers, 3% plus applicable taxes on the principal outstanding after the 1^st EMI. Nil charges after 12 EMIs.
• Additional interest on late payment: Maintain financial discipline with a 24% per annum charge on late payment.