- Personal Loan of Rs 60,000
- Service Charges & Fees
- Eligibility
- moderation
- Personal Loan in Chennai
- Terms And Conditions
- Pre-Approved Loan
- Flexicash
- Application Process
- Top Up Loan
- Home Renovation
- Online Application Process
- Wedding Loans
- Request Call Back
- Fresher Funding
- NRI Personal Loan
- Interest Rates
- Personal Loan in Bangalore
- Documentation
- EMI Net Banking
- Review
- Personal Loan Balance Transfer
- Types of Personal Loans
- Personal Loan
- Holiday Loan
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- Personal Loan EMI Calculator
- Business Instalment Loan
- Personal Loan in Mumbai
- Pre Qualified
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- Relationship Based Loans
- Wedding Loans
- Terms and Conditions
- Personal Loans Faqs
- Home Renovation
- Documentation
- Wedding Loans
- Eligibility
- Interest Rates
- Eligibility
- Eligibility
- EMI Calculator
- Overdraft Against Salary
- Rs 15 lakh Personal Loan
- Rs 4 lakh Personal Loan
- Personal Loan of Rs 60,000
- 1 Lakh Personal Loan
- Personal Loan on Credit Card
- Service Charges & Fees
- Eligibility
- moderation
- Personal Loan in Chennai
- Terms And Conditions
- Pre-Approved Loan
- Flexicash
- Application Process
- Top Up Loan
- Home Renovation
- Online Application Process
- Wedding Loans
- Request Call Back
- Fresher Funding
- NRI Personal Loan
- Interest Rates
- Personal Loan in Bangalore
- Documentation
- EMI Net Banking
- Review
- Personal Loan Balance Transfer
- Types of Personal Loans
- Personal Loan
- Holiday Loan
- atm-pl-disbursement
- Personal Loan EMI Calculator
- Business Instalment Loan
- Personal Loan in Mumbai
- Pre Qualified
- Personal Loan in Pune
- pl-iframe
- Relationship Based Loans
- Wedding Loans
- Terms and Conditions
- Personal Loans Faqs
- Home Renovation
- Documentation
- Wedding Loans
- Eligibility
- Interest Rates
- Eligibility
- Eligibility
- EMI Calculator
- Overdraft Against Salary
- Rs 15 lakh Personal Loan
- Rs 4 lakh Personal Loan
- 1 Lakh Personal Loan
- Personal Loan on Credit Card
- Personal Loan
- More
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Personal Loan of Rs 60,000
Unexpected financial needs can emerge all of a sudden. In these times, quick and effortless loan access becomes crucial. A Rs 60,000 Personal Loan is a flexible and convenient financial aid. Designed to meet multiple requirements without needing collateral, this facility from ICICI Bank acts as a dependable aid for different needs.
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Features and benefits for a Rs 60,000 Personal Loan
A Personal Loan of Rs 60,000 from ICICI Bank is designed to provide quick and convenient financial solutions.
Let’s look at its features and benefits:
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Minimal documentation
Our streamlined process ensures minimal paperwork, reducing the hassle and expediting your loan application
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Collateral-free loan
Enjoy the freedom of borrowing without collateral, making the loan accessible to a broader audience
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Flexible tenure
Choose a repayment tenure that aligns with your financial capacity, ranging from 12 to 72 months
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Fixed interest
Your interest rate remains constant throughout the loan tenure
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Instant loan approval
Experience the convenience of funds credited to your account almost instantly upon loan approval
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Interest rate
Benefit from competitive interest rates starting at 10.65%
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Processing fees
Transparent and reasonable processing fees, with charges up to 2.50% of the loan value.
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EMI required for a Rs 60,000 Personal Loan
Below is a detailed breakdown of the EMI for loans of Rs 60,000, at 11%
Loan tenure | Approx. EMI amount |
---|---|
2 years | Rs 2,796 |
3 years | Rs 1,964 |
5 years | Rs 1,305 |
Rs 60,000 Personal Loan eligibility, documents and interest rates
Documents required
Submit your application by providing the following essential documents:
- Proof of identity: Aadhaar Card or PAN Card (any one)
- Proof of residence: Leave and Licence Agreement, Utility Bill (not more than 3 months old) or passport (any one)
- Latest 3 months Bank Statement: Reflecting the transactions where your salary or income is credited
- Salary slips for the last 3 months
- 2 passport size photographs.
Eligibility criteria
To get a Rs 60,000Â Personal Loan, you must meet the following eligibility criteria:
For salaried individuals:
- Age: Between 20 to 58 years
- Net salary: Minimum monthly income of Rs 30,000
- Total years in the job/profession: A minimum of 2 years in the current employment
- Years in the current residence: Residing at the current address for at least 1 year.
For self-employed individuals:
- Age: Minimum 28 years for self-employed individuals, 25 years for doctors and a maximum age of 65 years
- Minimum turnover: Rs 40 lakh for non-professionals and Rs 15 lakh for professionals
- Minimum profit after tax: Rs 2 lakh for a Proprietorship firm/Self-employed individuals and Rs 1 lakh for non-professionals
- Business stability: At least 5 years in the current business for non-professionals and 3 years for doctors
- Existing relationship with ICICI Bank: Minimum 1 year liability relationship (Current or Savings Account) or Asset Relationship (loan) either live or closed in the last 36 months, with a satisfactory repayment track as required.
Interest rates and charges
Personal Loans feature competitive interest rates ranging from 10.65% to 16.00% per annum. You also get transparent processing charges, with origination fees up to 2.50% of the loan amount. You can also use an interest calculator for a Personal Loan to get the exact amount.
FAQs
Can I get a Personal Loan if I get salary in cash?
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Yes, ICICI Bank considers various income sources including cash salary, when evaluating your eligibility for a Personal Loan.
What is the EMI for a Rs 60,000 Personal Loan?
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Use the Personal Loan EMI calculator to determine the exact monthly instalment based on your chosen tenure and interest rate.
Is it possible to get a Rs 60,000 Personal Loan?
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ICICI Bank offers Personal Loans starting from Rs 60,000, providing a tailored financial solution to meet your specific needs.
Does a Personal Loan offer tax benefits?
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Personal Loans, including those for Rs 60,000 do not offer tax benefits. The focus is on providing financial support without the complexity of tax implications.
How fast can a Personal Loan be disbursed?
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ICICI Bank prioritises efficiency, aiming to instantly disburse funds upon successful approval, ensuring quick access to Personal Loans.