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There are many factors that affect the applicant's’ eligibility for an ICICI bank personal loan. Banks prefer to give loans to those who are capable of repaying the loan and who do not default on making the payments. Variables affecting an applicant’s personal loan eligibility are as follows.
What if I have a low CIBIL score, will ICICI bank still give me a personal loan?
Having a poor credit rating reduces your loan eligibility with ICICI Bank.
Does skipping ICICI bank personal loan payment affect my CIBIL score?
Yes; it reflects badly on your CIBIL score.
I’ve had a loan settlement with ICICI bank, will it affect my CIBIL score?
Yes; this will show badly on your CIBIL report. It denotes that the bank got tired of your non-payment of EMIs.
Can I get more than 3 ICICI bank personal loans if I have a good CIBIL score?
Yes. You can avail multiple loans as well as raise your credit limit. Subject to the condition of your CIBIL report and your CIBIL score.