ICICI Personal Loan of 9 Lakh

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Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

An ICICI personal loan of 9 lakh rupees is a multipurpose financing option. Typically used for debt consolidation, home renovation, unexpected medical emergencies, travel, or significant purchases like a car, motorcycle, or even gadgets. In essence, regardless of your loan purpose, the bank has the option and resources to disburse the necessary funds. The bank also ensures that the eligible candidate ideally receives the funds within a day or two, making it a more hassle-free borrowing option. Moreover, as this loan falls under the unsecured loan, you can access the necessary funds without pledging any assets as collateral. Let’s scroll down to learn more.

Rs 9 Lakh Personal Loan ICICI – Highlights

Following are the key parameters of an ICICI personal loan of 9 lakh rupees:

Highlights
Interest Rates	10.50% to 16.00% per annum
Processing Fees	Up to 2.50% of the loan amount plus applicable taxes
Loan Tenure	12 months to 84 months
Eligibility	Both salaried and self-employed individuals

Rs 9 Lakh Personal Loan EMI for 1- 7 Years

Let’s take a look at a list of Rs 9 lakh personal loan EMIs for different durations, ranging from 1 year to 7 years.

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Interest Payable	Total Amount Payable
Rs 9 lakh	10.50% p.a.	1 year	Rs 79,334	Rs 52,008	Rs 9,52,008
Rs 9 lakh	10.50% p.a.	2 years	Rs 41,738	Rs 1,01,712	Rs 10,01,712
Rs 9 lakh	10.50% p.a.	3 years	Rs 29,252	Rs 1,53,072	Rs 10,53,072
Rs 9 lakh	10.50% p.a.	4 years	Rs 23,043	Rs 2,06,064	Rs 11,06,064
Rs 9 lakh	10.50% p.a.	5 years	Rs 19,345	Rs 2,60,700	Rs 11,60,700
Rs 9 lakh	10.50% p.a.	6 years	Rs 16,901	Rs 3,16,877	Rs 12,16,877
Rs 9 lakh	10.50% p.a.	7 years	Rs 15,175	Rs 3,74,667	Rs 12,74,667

Compare Rs 9 Lakh Personal Loans From Other Banks & NBFC.

Following is the comparison of an ICICI personal loan of 9 lakh rupees with other leading banks and NBFCs in India. Typically, we compare the factors such as ICICI’s 9 lakh loan interest rate, processing fees, and loan tenure.

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

Rs 9 Lakh ICICI Home Loan – Fees and Charges

Here are the fees and charges of an ICICI personal loan of 9 lakh rupees:

Fee/Charge	Amount
Processing Fee	Up to 2.50% of the loan amount plus applicable taxes
Prepayment Charges	For salaried customers, 3% plus applicable taxes on the remaining principal amount after the 1st EMI, waived if 12 or more EMIs are paid. MSE classified customers face no charges after the 1st EMI for loans up to 50 lakhs.
Additional Interest on late payment	24% per annum
Repayment Mode Swap Charges	Rs 500/- per transaction plus applicable taxes
Loan Cancellation Charges	Rs 3000/-plus applicable taxes
EMI Bounce Charges	Rs 500/- per bounce plus applicable taxes
Non Maintenance of Mode of Payment (NMMP Charges)	Rs 800/- (Plus applicable taxes or statutory levies, if any.)

Rs 9 Lakh ICICI Home Loan – Documents Required

The documents required for the ICICI 9 lakh rupee personal loan are as follows:

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: Latest 3 months Bank Statement (where salary/income is credited)

Proof of Employee: Salary slips for the last 3 months.

Rs 9 Lakh ICICI Home Loan – Eligibility Criteria

Following are the Rs 9 lakh personal loan eligibility in ICICI Bank:

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.