PERSONAL LOAN ELIGIBILITY CALCULATOR

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.

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.

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.