Showing posts with label ICICI Personal Loan. Show all posts
Showing posts with label ICICI Personal Loan. Show all posts

Friday, September 20, 2013

Personal Loan interest rates

Banks/RatesSalaried
CAT ACAT BOthersPre Payment ChargesProcessing Fees
ICICI Bank13.99% - 14.75%
(For Special Companies)
15.50%
(Salary Above 75,000)
16%
(Salary 50,000 -75,000)
17%
(Salary 30,000 -50,000)
18.25%
(Salary 20,000 -30,000)
18.50%
(Less Than 20,000)		15.50%
(Salary Above 75,000)
16%
(Salary 50,000 -75,000)
17%
(Salary 30,000 -50,000)
18.25%
(Salary 20,000 -30,000)
18.50%
(Less Than 20,000)		15.50%
(Salary Above 75,000)
16%
(Salary 50,000 -75,000)
17%
(Salary 30,000 - 50,000)
18.25%
(Salary 20,000 -30,000)
18.50%
(Less Than 20,000)		5%2% - 2.25%
HDFC Bank13.99% - 14.75%
(For Special Companies)
15.75%
(for 75,000 & above salary)
16.25%
(for 50,000-75,000 salary)
16.75%
(for 35,000-50,000 salary)
17.75%
(below 35,000 salary)
12.99% - 14%
(Special Rates for Loan Amount b/w 10lacs - 20lacs)		15.75%
(for 75,000 & above salary)
16.25%
(for 50,000-75,000 salary)
16.75%
(for 35,000-50,000 salary)
17.75%
(below 35,000 salary)
12.99% - 14%
(Special Rates for Loan Amount b/w 10lacs - 20lacs)		20%4%0.8% - 1.75% (for Special Companies)
2% (HDFC
Bajaj Finserv15% - 16%16%16.50% - 17%Nil PrepaymentUpto 2%
ING Vysya13.99%
(for 1lac & above salary)
14.25%
(for 75,000 - 1lac salary)
15.75%
(for 40,000 - 75,000 salary)
17.25%
(for 30,000 - 40,000 salary

0.5% Waiver for Ing Salary Account Holder)		13.99%
(for 1lac & above salary)
14.50%
(for 75,000 - 1lac salary)
16.25%
(for 40,000 - 75,000 salary)
17.25%
(for 30,000 - 40,000 salary

0.5% Waiver for Ing Salary Account Holder)		14.99%
(for 75,000 & above salary)
16.75%
(for 40,000 - 75,000 salary)
18.25%
(for 25,000 - 40,000 salary

0.5% Waiver for Ing Salary Account Holder)		Nil Foreclosure Charges Special Offer. Valid till (30th Sept'131.5% (For ING Salary Account Holder), other wise 1.75% - 2%
Kotak Bank13.99%
(For Special Companies)
15%		16.50%18% - 19%4%0.75% (for Special Companies)
else 2%
State Bank of India/SBI (SBI Saral)18.25%18.25%18.25%N.AN.A
Fullerton India16% - 32%16% - 32%16% - 32%4%2%
Standard Chartered Bank16% - 17%17% - 18%19% - 22%2% - 5%2%
HDBFS16%
(for 75,000 & above salary)
17%
(for 35,000 - 75,000 salary)
18%
(below 35,000 salary)		16%
(for 75,000 & above salary)
17%
(for 35,000 - 75,000 salary)
18%
(below 35,000 salary)		17%
(for 75,000 & above salary)
18%
(for 35,000 - 75,000 salary)
21%
( below 35,000 salary)		NIL for Select Corporates Employees (CAT A & B) 4% For Rest1% - 2%
Citibank16%
(upto 30,000 salary)
15%
(above 30,000 salary)		17%
( upto 30,000 salary)
16%
(above 30,000 salary)		17%
(upto 30,000 salary)
16%
(above 30,000 salary)		3%1% - 2%
Axis Bank15%
(For Super CAT A)
16%
(For CAT A)		17%19% - 20%Nil2%
Andhra Bank15.75% - 16.75%16.75% - 18.75%Rs250 - Rs1000/-
Bank of Baroda14.75%14.75%
Corporation Bank14.50%
((undertaking letter required) )		N.AN.AN.AN.A
United Bank Of India16%
(12%(For pensioners))		16% - 18%
(12%(For pensioners))		16% - 18%
(12%(For pensioners))		N.A.N.A.
Vijaya Bank16%N.AN.AN.A.N.A.
Indian Bank13.70% - 14.20%13.70% - 14.20%13.70% - 14.20%N.A0.50% on the loan amount with min of Rs 500/-
Bank of India15%15%15%N.A2%
Canara Bank14.95%14.95%14.95%N.A0.25 %
Transfer your personal loan to HDFC BankAs Low As 12.99%Flat Processing Fee of Rs 999/-
Where
CAT A refers to- Top 1000 companies
CAT B refers to- Multi National Companies( MNC's )
CAT C refers to- Small companies
Non Listed refers to- Smaller companies with 100 emloyees.
Loan Surrogates refers to- Any running loan from any bank

The factors which determine your Personal Loan interest rates are as follows: -
• Income
• Your Company Status
• Credit and Payment history.
• Relationship with the Bank you intend to take loan from.
• Individual’s Negotiating Ability.

Income : If your Income is above a certain limit, Banks believe that your chances of not paying are lesser as you have Income to pay. Income above 75 per month usually gets some discounts from all personal loan Banks.
Your Company Status : If the company you are working with is a well known corporate, the Banks feel that you are less likely to shift from your job and will result in lesser defaults.
Credit and Payment History : Banks follows Cibil scores/rating before deciding giving loans. If your payments forCredit Cards and Loans is not upto mark , you have the most likely chance of being rejected for the loan or the Bank will give you at a much higher rate.
Relationship with Bank : The Bank where you have your Salary account/Savings account is likely to pass on you to some special rate for your personal Loans or Processing fee.
Individuals Negotiating Skills : Based on your above points you can always ask Bank to give you waivers on Rates, Fees Etc.
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Tuesday, February 1, 2011

ICICI Personal Loan Eligibility

 Salaried:
Monthly Income Rs 8000
Age Min.: 25 Yrs.   Max.: 58 Yrs.
Documents Required:
ID Proof Yes
Residence Proof Yes
Income Proof Yes
Telephone Yes
Photograph Yes
Bank Statement Yes
Signature Proof Yes


Self Employed:
Monthly Income Net Profit after tax - Rs. 60,000 p.a
Age Min.: 25 Yrs.   Max.: 60 Yrs.
Documents Required:
ID Proof Yes
Residence Proof Yes
Income Proof Yes
Telephone Yes
Photograph Yes
Bank Statement Yes
Signature Proof Yes
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ICICI Personal Loan

Personal Loans for all your financial needs
Thinking of renovating your house? Yearning to buy a new laptop? Need financial assistance for marriage-related expenses or for your child's higher education? An ICICI Bank Personal Loan is your one-stop-shop for fulfilling all your financial aspirations!

Key Benefits of ICICI BankPersonal Loan
  • Loan up to Rs. 10 lakhs
  • No security/guarantor required
  • Faster processing.
  • Minimum documentation
  • Attractive rates of interest
  • Flexible repayment option of 12-48 months

ICICI Bank may, at its sole discretion, utilise the services of external service provider/s or agent/s and on such terms as required or necessary, in relation to its products. 

Eligibility
You can avail of an ICICI Bank Personal Loan if you have an ICICI Bank salary account and if you meet the following criteria:


Criteria* Salaried
Age 25 yrs. - 58 yrs.
Net Salary Net monthly income - Rs. 20,000 p.m.
Eligibilty Employees of Public Ltd. companies, Private Ltd. companies, Government companies or MNCs.
Years in total job / profession 2 Year
Years in current residence 1 Year






Documentation
ICICI Bank provides you with personal loan to fulfill any of your desires with minimum documentation:

Documents ( Pre Sanction)

Salaried

1) Proof of Identity (any one) Passport / Driving License / Voters ID / PAN      Card
2) Proof of Residence (any one) Ration Card / Utility Bill / Passport / LIC      Policy Receipt
3) Latest 3 months Bank Statement (where salary/income is credited)
4) Salary slips for last 2 months

Intrestrate      Min - 14% Max 18%
 






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