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ICICI Personal Loan Can Make Wedding Expenses Manageable

ICICI Personal Loan

We all worry about the wedding expenses, so if you haven’t saved money for it or your savings aren’t able to meet the expenses, apply for a loan. A loan could help you get a lump sum amount at the moment without any difficulties. Have you borrowed a loan? If you have, you might know how this product works? ICICI Bank offers personal loans for wedding expenses. In this loan, you can borrow money from the bank without providing your valuables. So in case you aren’t able to pay off the borrowed amount, your assets will remain safe. Check out this article below and learn more about the ICICI Personal Loan and its benefits.

How Much Does the Bank Lend?

ICICI Bank will offer you up to INR 50 Lakh of personal loan, this amount will be sufficient enough to meet your financial needs. At the wedding, there are many expenses that you need to take care of, namely – Personal Loan in UAENew and Old Car Loan, Home Mortgage Loan, Credit CardsBusiness Loan, Monoprice 110010 Headphones Review

And this all could be covered up in INR 50 Lakh or whatever is your wedding budget. Indian weddings are known for their grand nature and sometimes we can lack money during the preparations. So, to cover such unforeseen expenses, borrow an ICICI Personal Loan. This is the most efficient way to meet your financial needs in a short period of time. The bank disburses the amount to your account within three seconds if you are a pre-approved applicant. To be a pre-approved applicant you need to have an existing relationship with the ICICI Bank.

ICICI Bank Rate of Interest

The bank charges an interest rate of 10.50% per annum. This is the starting rate and every applicant’s rate may vary based on the eligibility. So, if you are highly eligible for the personal loan, the ICICI Personal Loan Interest Rate will be low for you. How to increase eligibility for a loan? You can make your chances of getting a low rate of interest by taking care of the following –

Credit Score 

If you have borrowed a loan earlier, you must be familiar with this term. And if not, let us tell you. It is a three-digit number that will help the lender know your repayment capacity. Basically, it shows how well you have paid your loan or credit card bills. Someone with a defaulted loan status will have a score or 300 to 400 which makes him a poorer applicant. 

So what you have to do is maintain a score of at least 700 or above. How to do that? By paying the loan or credit card unpaid bills. If you do the same, the score gradually increases. And a good score may lead to a decent ICICI Personal Loan Interest Rate.


The applicant’s income plays an important role whether it is a secured or unsecured loan. So, ensure you meet the bank’s income criteria. Because if you don’t, the loan application will get rejected immediately. And you will know the reason for the same, as the bank will send an email or SMS to your provided mobile or email ID. For an ICICI Personal Loan, you need a salary of INR 30,000 per month minimum. And if your loan request is high, the income should be high as well. 


ICICI Bank allows you to borrow this loan jointly. This way, the risk attached to the amount will reduce. How? In case you aren’t able to pay off the loan due to situations like job loss, etc. then the co-borrower steps in to pay the remaining amount. Ensure you choose a co-borrower wisely. Because if he/she doesn’t pay the remaining amount, it will impact both his and your credit record. 

Now that you know how to get a low ICICI Personal Loan Interest Rate, apply for the same online. You don’t need to go to any bank branch for the loan application. And if you are an existing customer, do check the pre-approved offer. 

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