ICICI Personal Loan of 50000

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Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

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Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

An ICICI personal loan of 50,000 rupees is a multi-purpose loan. You can avail of this loan without securing any of your assets as collateral. Instead, the bank considers your credit score, income, repayment history, and other pertinent factors. Once you submit the loan application and the required documents, the eligible candidate can expect the fund disbursal within three days.

Urban Money presents a detailed overview of the ICICI personal loan 50,00 amount to make your loan application process more transparent, simpler, and faster. We will primarily cover details such as the expected EMI amount, eligibility criteria, document requirements, applicable charges, and more.

50000 Personal Loan ICICI – Highlights

Let’s take a look at the key parameters of an ICICI Personal Loan of 50,000 rupees:

Highlights
Interest Rates	10.50% p.a. onwards
Processing Fees	Up to 2.50% of the loan amount + GST
Loan Tenure	1 to 6 years
Eligibility	Both salaried and self-employed individuals

50000 Personal Loan EMI for 1- 6 Years

The following table displays the expected EMIs for different tenures on an ICICI personal loan of 50,000 amount.

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Interest Payable	Total Amount Payable
Rs 50,000	10.50% p.a.	1 year	Rs 4,407	Rs 2,884	Rs 52,884
Rs 50,000	10.50% p.a.	2 years	Rs 2,319	Rs 5,656	Rs 55,656
Rs 50,000	10.50% p.a.	3 years	Rs 1,625	Rs 8,500	Rs 58,500
Rs 50,000	10.50% p.a.	4 years	Rs 1,280	Rs 11,440	Rs 61,440
Rs 50,000	10.50% p.a.	5 years	Rs 1,075	Rs 14,500	Rs 64,500
Rs 50,000	10.50% p.a.	6 years	Rs 939	Rs 17,604	Rs 67,604

Compare 50000 Personal Loans From Other Banks & NBFCs

The following presents a comparative analysis of ICICI Personal Loan of 50,000 rupees with other leading banks and NBFCs across India.

Lender	Interest Rate (p.a.)	Processing Fee	Tenure
ICICI Bank	10.50% onwards	Up to 2.50% of the loan amount	1 to 6 years
HDFC Bank	10.50% onwards	Up to Rs 4999	1 to 5 years
Axis Bank	10.49% onwards	Up to 2% of the loan amount	1 to 5 years
Kotak Mahindra Bank	10.99% onwards	Up to 3% of the loan amount	1 to 5 years
IndusInd Bank	10.49% onwards	Up to 2.5% of the loan amount	1 to 5 years
IDFC First Bank	10.49% onwards	Up to 3.49% of the loan amount	1 to 5 years
Bajaj Finserv	11.00% onwards	Up to 3.93% of the loan amount	1 to 8 years
Federal Bank	10.49% onwards	Up to 3% of the loan amount	1 to 5 years
State Bank of India	11.05% onwards	1% of the loan amount	1 to 6 years
Punjab National Bank	11.75% onwards	1% of the loan amount	1 to 6 years

50000 ICICI Home Loan – Fees and Charges

Following are the fees and charges of an ICICI personal loan of 50,000 rupees:

Fee/Charge	Amount
Processing Fee	Up to 2.50% of the loan amount + GST
Prepayment Charges	3% of the outstanding amount; Not applicable if 12 or more EMIs are paid
Late Payment Charges	24% per annum
EMI Bounce Charges	Rs 500/- per bounce + GST
Repayment Mode Swap Charges	Rs 500/- per transaction + GST
Non Maintenance of Mode of Payment (NMMP Charges)	Rs 800 + GST
Loan Cancellation Charges	Rs 3000 + GST

50000 ICICI Home Loan – Documents Required

Below is a list of the necessary documents for an ICICI Personal Loan of 50,000 rupees:

Proof of Identity: PAN Card, Passport, Voter ID or Driving License.

Proof of Address: Recent copy of Utility Bills, Passport, Driving License or Aadhaar Card.

Proof of Income: The last 3 months’ bank statement that shows your salary or income is credited

Proof of Employee: The last 3 months’ salary slips.

50000 ICICI Home Loan – Eligibility Criteria

Below is a list of eligibility criteria that you might meet to apply for an ICICI Personal Loan of 50,000 rupees:

You must be aged between 20 and 58 years
You must have a minimum income of Rs.30,000 per month.
You must have at least 2 years of work experience.
You must have lived in your current residence for at least 1 year.
You must have a good credit score and repayment history.