Now, ICICI Bank customers to get personal loans of up to Rs 15 lakh at ATMs

At present, HDFC Bank, country’s second-largest private lender, offers small instant loans to its customers at ATMs based on the customers' transaction details, salary credits, balances, credit and or debit card repayments.

At ICICI Bank, the facility offers multiple eligible loan amount options up to Rs 15 lakh for a fixed tenure of 60 months based on pre-checked CIBIL scores and instantly transfers the money to the customer’s account. It also incorporates an additional level of authentication in order to make the security of the offering robust, it added.

Anup Bagchi, Executive Director, ICICI Bank said, “The offering of instant personal loans at ATMs enables our customers to receive funds conveniently, when they choose to opt for the loan.”

ICICI Bank currently has 13,882 ATMs in the country.

On completion of a transaction for balance enquiry or cash withdrawal, customers will be shown the option of availing the loan. Customers can avail this loan at any ICICI Bank ATM by following the below mentioned steps:

1. Select the required pre-approved loan offer. Multiple amounts may be shown depending on the customer’s eligibility.


2. Accept the auto populated interest rate, processing fee and EMI (Equated Monthly Installment) amount.


3. Confirm on the terms and conditions displayed


4. Enter debit card PIN