Facts You Need to Know about ICICI Personal Loan Eligibility
Curious to avail a personal loan but don’t know which lender offers the best deal? Well, if that is the case, all you need to know about ICICI personal loan. Yes, being a reputed and renowned name in the industry, there is no denying the fact that this lender with its best of products and services caters the multiple needs of one and all. Taking this thing into account, we are here to help. All you need to do is just go through this article below:
Personal Loan Eligibility As far as ICICI personal loan eligibility is concerned, it is something which plays a crucial role in the overall loan journey. Yes, before offering the loan to the applicants, the lenders do check the same so as to know whether a person is eligible or not. The lenders usually check the eligibility of an applicant on parameters like age, income, credit score, job stability, work experience, relationship with a lender, etc.
Soon after deciding the creditworthiness of an applicant on these factors, it becomes easy for the lender to know whether an applicant is eligible for a loan or not. The eligibility of an applicant plays a crucial role in his/her overall journey and that is the reason why people are always curious to know the same. Let’s just give you the better clarity of the same by making you aware of the factors that affect your eligibility:
Loan Amount: Your personal loan eligibility depends on the loan amount you are willing to avail. If you are someone who wants to avail a loan amount, before offering the same, the lenders do check the eligibility of an applicant. If an applicant is meeting the required criteria, it would be easy for him/her to get the loan amount that he/she is willing to avail.
Income: Lenders do check the income of an applicant before offering him/her the loan amount. In case of an ICICI personal loan online, the minimum monthly income of an applicant required is Rs.17,500-Rs.25,000. If an applicant is having a minimum monthly income as per the criteria set by a lender, it is easy for an applicant to avail the benefits by getting the loan at lowest personal loan interest rates.
Work Experience: In case of availing a personal loan online, it is important that an applicant must have a minimum work experience of at least 2 years. Yes, make sure you have the required experience so that it would be easy for you to get the loan. If you have to match up to the same criteria, make sure you apply for a loan in ICICI and grab the same.
Age: One thing that needs to be mentioned here is the fact that age is another crucial factor that plays a pivotal role for your overall journey. In case of availing an online ICICI personal loan, an applicant needs to be aged between 23 and 58 years. So, make sure an applicant fulfills the same criteria in order to enjoy the best personal loan deal online.