Keep in mind, however, that two things are universal
across personal loan applicants: they have to be in good financial standing and the math should check out.
ICICI bank offers cover for loan liability through
which personal loan applicants can insure their personal loan liability with «All Safe» Insurance with no extra cost.
The Personal loan product has been designed with the aim to serve ICICI Bank account holders & other walk
in personal loan applicants efficiently.
But, after remembering that the average
approved personal loan applicant has a credit score of 741, personal loan lenders can be justified for distributing such large loans.
None of these are guaranteed to
all personal loan applicants, but borrowers with the right financials could experience some of these benefits.
Each bank / NBFC has a policy in place with regard to the loan amount that can be sanctioned to
a Personal Loan applicant.
CIBIL history of 6 months or more is required to process
a personal loan applicant must have an existing track record of a loan or credit card for which regular payments for more than 6 months have been made.
Age —
The Personal Loan Applicant from the Indian Defence Forces should be above 25 years of age.