ICICI Bank Ltd. engages in the provision of banking and financial services, which includes retail banking, corporate banking, and treasury operations. It operates through the following segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking. The Retail Banking segment includes exposures of the bank, which satisfy the four qualifying criteria of regulatory retail portfolio as stipulated by the Reserve Bank of India guidelines on the Basel III framework. The Wholesale Banking segment deals with all advances to trusts, partnership firms, companies, and statutory bodies, by the Bank which are not included in the Retail Banking segment. The Treasury segment handles the entire investment portfolio of the bank. The Other Banking segment comprises leasing operations and other items not attributable to any particular business segment of the bank. The company was founded on January 5, 1994 and is headquartered in Mumbai, India.
A personal loan is a good way to address short term loan requirements. Whether you want to match a medical emergency, wedding expenses, travel expenses or home makeover, you can get an instant cash loan for any sort of need. Besides being cost-effective, they give an additional advantage as to secure them, you don't need to pledge any kind of your valuables. This is the reason that most of the borrowers admit personal loans as the best way to get an instant loan in India.
Any individual who is an Indian citizen or national and has residual income qualifies for the personal loan. By design Personal Loans are unsecured loans and therefore an applicant does not have to worry about furnishing paperwork related to collateral. For getting a personal loan, you need to fulfill certain parameters as a part of the eligibility criteria.
|ICICI Bank||ROI||Max Loan Amount||Tenure||Processing Fee||Late Payment||Foreclosure Charges||Partpayment Charges|
|Business Loan||16.49%||40 Lakh.||36 months||upto 2% (plus applicable taxes)||Charged upto 4%||N/A||N/A|
|Car Loan||12.75 %||100% of ex-showroom price of the car||upto 7 years||5% on the outstanding principle||5% on principal outstanding or interest outstanding for unexpired period of loan||2% per month on the outstanding installment||6% + GST on amounting getting part prepaid|
|Personal Loan||11.25%||30 lakh||60 months||2.25 % + GST||5% per annum of principal outstanding plus GST||24 % p.a on amount outstanding from date of default||Not allowed|
|Education Loan||11.5 %||upto 50 lakh||5 to 10 years||Nil||Nil||N/A||Nil|
|Home Loan||8.90%||10 cr||30 years||0.5-1% of the loan amount+applicable taxes||Nil if floating, upto 2%+taxes for fixed rate||2% per month Home OD||N/A|
|Personal Loan||ROI||Max Loan Amount||Tenure||Processing Fee||Late Payment||Foreclosure Charges||Partpayment Charges|
|Tata Capital||11.75%||20 lakh||60 months||2.5% + GST||No foreclosure in first 6 months, 4.5% + GST||3% on Overdue Amount per month + GST||Allowed after 6 EMIs, Nil prepayment charges|
|HDFC Bank||11.25 % - 18 %||50 lakh||60 months||upto 2.5 %||Allowed after 12 EMI's, 2 - 4%||2% per month on EMI/Principal Overdue||Allowed after 12 EMI's, 2-4%|
|IndusInd Bank||11.25%||25 lakh||60 months||2.5% + GST||Allowed after 12 EMI's, 4%||Rs 150/- plus taxes, Per EMI delay beyond 5 days||Not allowed|
|IIFL||13%||25 lakh||12 months to 60 months||2% + GST||upto 6%||2% compounded annually||Not allowed|
|Kotak Mahindra Bank||10.99% - 18%||15 lakh||60 months||2.5 % + GST||After 12 months, 5% foreclosure charges + GST||3% p.m compounded monthly on the Amount due||Not allowed|
|RBL Bank||13.99%||20 lakh||60 months||2.5% + GST||13-18 Months: 5%, >18 Months: 3% foreclosure charges||24 % p.a on amount outstanding from date of default||Not allowed|
|ICICI Bank||11.25%||30 lakh||60 months||2.25 % + GST||5% per annum of principal outstanding plus GST||24 % p.a on amount outstanding from date of default||Not allowed|
|Bajaj||11.99%||25 lakh||60 months||2%||4% foreclosure charge plus applicable taxes on principal outstanding||N/A||2% part-prepayment charge plus applicable taxes|
|Bank of Baroda||11.35% - 16.35%||10 lakh||4 years||2%||Allowed after 1 EMI's, Nil prepayment charges||N/A||Allowed after 1 EMI's,|