Renovate your Home with ICICI Personal Loan

Every home needs timely maintenance like painting, restoration, and many more to keep it in good condition. Home refurbishing is a costly affair due to the rising price of materials and labor. All dreams of making a place into a lovely home can be fulfilled easily without squeezing the monthly budget. ICICI offers Personal Loan for home renovation at an interest rate of 11.25%. So now, renovate your Home with ICICI Personal Loan which makes designing interiors or home improvement complete ease for you. 

Features of ICICI Personal Loan for Home Renovation 

1. Digital processing

The entire ICICI Personal loan application process is available online. A borrower can simply fill up the online application form. And can upload the required documents online which are again verified digitally.

2. No Need for Collateral

An applicant is not required to pledge any assets as security. ICICI Personal loan for the home renovation is an unsecured loan and offer based on age, employment, residence, etc.

3.  High Loan Amount

ICICI Personal Loan for Home Renovation can be availed up to Rs. 20 lakhs at competitive rates.

4. Quick disbursal

The constant efforts of ICICI to reduce the turnaround-time have been successful. ICICI Personal Loan for Home Renovation comes with quick processing and disbursal. Money gets credited into the borrower’s account in 2- 3 days (t&c apply).

5. Tailor-made options

ICICI Personal Loan for Home Renovation is customized as per the borrower's needs. A loan for the home renovation can be used for any type of renovation in a home. 

6. Interest Rates

Renovate your Home with ICICI Personal Loan interest rate of 11.25% (t&c apply). 

Ways to avail ICICI Personal Loan for Home Renovation:

• Apply through the official website of ICICI Bank

• Use the ICICI Bank Personal Loan App

• Visit the nearest bank branch

• Simply, SMS PL to 5676766

Eligibility for availing ICICI Personal Loan services 

ICICI Personal Loan eligibility can be checked easily in a quick time. A borrower simply needs to visit the ICICI personal loan eligibility page, fill in a few basic details and can get instant eligibility assessment done. However the eligibility criteria for the ICICI Personal Loan vary based on category, salary and many others, but here is the generic criteria mention below:

• The applicant’s age should be 23 years to 58 years.

• If an applicant resides in Delhi & Mumbai should have a minimum monthly salary of Rs.17, 500 and applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata should have a minimum monthly salary of Rs. 26, 000.

• An applicant should have 2 years of working experience in the current organization.

• The applicant must be residing in the present residence for at least one year.

Documents Required 

List of documents for Salaried

• Identity Proof- Passport / Driving License / Voters ID / PAN Card/ Aadhaar Card (anyone)

• Proof of Residence- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (anyone).

• Latest 3 Months Bank Statement (where salary/income is credited).

• Last 3 months' salary slip.

• 2 Passport Size photographs.

List of documents for Self-Employed

• KYC Documents.

• Address Proof.

• Proof of Income.

• Latest 6 Months Bank statement.

• Office address proof.

• Office Ownership Proof

• Proof of continuity of business.