ICICI Bank Housewife Personal Loan

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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.

The best thing about an ICICI women’s personal loan is its lower interest rate. Even slightly lower rates eventually allow you to save thousands of rupees for longer repayments. Moreover, as a female applicant, you can also avail of benefits such as flexible repayment, moderate eligibility criteria, minimal documentation, and a generous loan amount. Thus, Urban Money offers a brief overview of this appealing financing option to empower hard-working and independent women. Namely, we will provide details regarding ICICI women’s personal loan interest rates, applicable fees, eligibility, and required documents. We will also compare this loan with offerings from leading banks that provide the same, enabling you to determine the most cost-effective financing option.

ICICI Personal Loan for Women – Highlights

The following are the key parameters of an ICICI women’s personal loan:

Highlights
Loan Amount	Up to Rs 50 lakh
Interest Rates	10.50 p.a. onwards
Loan Tenure	1 year to 7 years
Eligibility	Female applicants who have a regular source of income.

Compare ICICI Women Loan From Other Banks

Following is the comparison of an ICICI women’s personal loan with other leading banks and NBFCs in India:

Lender	Interest Rate (p.a.)	Processing Fee	Max. Loan Amount	Max. Loan Tenure
ICICI	10.50% onwards	Up to 2.5% of the loan amount	Rs 50 lakh	7 years
Axis Bank	10.25% onwards	Up to 2% of the loan amount	Rs 40 lakh	7 years
Union Bank	10.30% onwards	Nil	Rs 50 lakh	7 years
IndusInd Bank	10.49% onwards	Up to 2% of the loan amount	Rs 25 lakh	5 years
IDFC First Bank	10.49% onwards	Up to 3.5% of the loan amount	Rs 1 crore	7 years
HDFC Bank	10.50% onwards	Upto Rs 4999	Rs 40 lakh	5 years
Kotak Mahindra Bank	10.99% onwards	Up to 3% of the loan amount	Rs 40 lakh	6 years
Tata Capital	10.99% onwards	Rs 76	Rs 35 lakh	6 years
Federal Bank	10.49% onwards	2% of the loan amount	Rs 25 lakh	5 years
Bajaj Finserv	11% onwards	Up to 3.93% of the loan amount	Rs 40 lakh	6 years

ICICI Personal Loan for Women – Fees and Charges

Following are the applicable fees and charges for an ICICI women’s personal loan:

Fee/Charge	Amount
Processing Fee	Up to 2.5% of the loan amount + Applicable taxes
Prepayment Charges	3% on outstanding principal, (Nil if 12 or more EMIs are paid)
Interest on late payment	24% per annum
Repayment Mode Swap Charges	₹500/- per transaction plus applicable taxes
EMI Bounce Charges	₹500/- per bounce plus applicable taxes
Loan Cancellation Charges	₹ 3000/- plus applicable taxes before the 1st EMI.

ICICI Personal Loan for Women – Documents Required

The required documents for an ICICI housewife personal loan are as follows:

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

Proof of Address: Passport, Driving License, or Registered Rent Agreement.

Proof of Income: Last 3-month bank statement.

Proof of Employee: Last 3-month salary slips.

ICICI Personal Loan for Women – Eligibility Criteria

The ICICI women’s personal loan eligibility criteria are as follows:

You must be aged between 20 and 58 years
You must have a minimum monthly income of Rs.30,000
You must have at least 2 years of work experience.
You must have resided at your current address for more than 1 year.
You must have a good credit score and repayment history.