A pre-approved Personal Loan by ICICI bank is an instant personal loan facility to the customers. The loan is quite helpful in emergencies as it gets disbursed within seconds. Another factor that adds up to the charm of pre-approved loans is that it doesn’t require any collateral or security. However, in order to get qualified for pre-approved loans you need to have a good credit history.
Features of ICICI pre-approved loans
- Disbursal Time- The pre-approved loans from ICICI gets disbursed in 3 seconds*.
- Documentation – Pre-approval Personal Loans from ICICI Bank is a hassle-free process that needs zero or minimum documentation for loan processing.
- Security/ Collateral requirement – Pre-approved Personal Loans from ICICI can be availed without giving any security or collateral against the loan.
- Repayment – ICICI pre-approved Personal Loan comes with a flexible repayment scheme, which allows customers to choose tenure and amount as per their requirement without compromising on anything.
- Comfort- You can apply for an ICICI pre-approved loan online from the comfort of your office or home 24 X 7.
- Zero Paperwork- ICICI pre-approved personal loans involve zero paperwork.
How can you apply for ICICI pre-approved Personal Loans?
- First, log in at ICICIBank.com.
- Click on the “Loans” icon and choose the option “Pre-qualified* Loans”.
- Click on the “click here” button at the bottom of the page to apply.
If you are already an ICICI Bank customer
- Click on the “I am an ICICI Bank Customer”.
- Click on “Yes” if you have your ICICI Bank Internet banking user ID and Password handy.
- Log in and check to see if you have a Pre-qualified* Loan.
ICICI Bank’s pre-approved Personal Loan is offered only to customers who have a good credit history along with a clean track of repaying their previous loans/borrowings. However, the loan is also offered to customers if they have no credit history analysing their repayment capacity through their income and savings. For ICICI existing customers it is easy to avail through their Internet Banking and iMobile app.
Amount and Tenure
Like any other loan, the loan amount approved through the pre-approved personal varies from person to person. However, it completely depends on the CIBIL score, repayment capacity and income of the applicant.
But, the maximum pre-approved amount can go up to ₹ 50 lakhs* and have a tenure ranging from 12 months to 60 months for the repayment.
Pre-approved personal loans are great financial tools that can help you out during any emergency where funds are required in a short time. The loan also comes at an affordable interest rate which makes it a great option to fund your financial crunches.