Why ICICI Bank

8/7/2019 Why ICICI Bank

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ICICI Bank Personal Loan

Presented By:Rakesh shahRoll no :168


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Ov er vi ew Of ICICI Bank

ICICI Bank is India's second-largest bank with totalassets of Rs. 3,446.58 billion (US$ 79 billion) and profit

after tax of Rs. 31.10 billion. ICICI Bank is the most valuable bank in India in termsof market capitalization and is ranked third amongst allthe companies listed on the Indian stock exchanges in

terms of free float market capitalization.The Bank has a network of about 950 branches and

3,300 ATMs inIndia and presence in 17 countries.


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Why ICICI Bank?Lo an up t o 15 lacs.No secur ity/guarant o r requ ired.

Faster Pr o cess ing.Min im u m Do cu m entat io n.Attract iv e Interest Rates.12-60 M o nths repay m ent o pt io ns.


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Sp ecial offer for ICICI Personal

loan for ICICI bank customer.

W ith the "Loan on Phone" facility, it is possible tosecure a loan even without having to visit your bank branch. If you have been an ICICI Bank

customer for the past 6 months, you might havea pre-approved loan offer waiting for you.


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E ligibilit y Terms for ICICIPersonal Loan

Cr iter ia Salar ied Sel f -e m pl o yed

Age 2 5 yrs. - 58 yrs. 2 5 yrs. 65yrs.

Net Salary Net annual income -Rs. 96,000 p.a

Net Profit after tax -Rs. 60,000 p.a

El ig ibi lity Employees of PublicLtd. cos. , Private Ltd.cos. MN C s Or Government.

Doctors, MBA's, Architects, C A's,Engineers, Traders &Manufacturers

Years in current job /

profession

1 Year 3 Year

Years in currentresidence

1 Year 1 Year

The rate of interest of personal Loan is 2 4% in open

market. And 19.5% for salaried person.


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D ocuments required for y our Personal Loan

Latest 3 months Bank Statement (where salary/income is credited).3 Latest salary slips (only for salaried person).Last 2 years ITR with computation of income / C ertified Financials (onlyfor self-employed).

Proof of Turnover (Latest Sales / Service tax returns) (only for self-employed).Proof of C ontinuity current job (Form 16 / C ompany appointment letter)(only for salaried person).Proof of C ontinuity current profession ( IT Returns / C ertificate of business continuity issued by the bank) (only for self-employed).Proof of Identity (any one) Passport / Driving License / Voters ID / PANcard / Photo C redit C ard / Employee ID card.Proof of Residence (any one) Ration C ard / Utility bill / LIC PolicyReceipt.Proof of Office (any one) Lease deed / Utility bill / Municipal Tax receipt/ title deed (only for self-employed).Proof of Qualification Highest Degree (for Professionals / Governmentemployees).


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Service C harges for ICICI Personal LoanDescr ipt io n o f charges Pers o nal Lo an

Lo an Pr o cess ing Charges /O r ig inat io n Charges

2* % of loan amount + OriginationC harges of 1% of loan amount

Prepay m ent Charges 5% on the principal outstanding

Charges f o r late pay m ent (l o ans) 2 % per month

Cheque Swap Charges Rs. 500/-

Cheque b o unce charges Rs. 2 00/-

Note :1) Origination Charges are included in the Advance installments/ First installment.2) Service Tax and other govt. taxes, levies, etc. applicable as per prevailing ratewill be charged over and above these charges* -Upto 5% for select categories


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The rate of interest of personal Loan is 2 4% in openmarket. And 19.5% for salaried person.


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THANK YOU

Documents

Why ICICI Bank