How to apply loan from ICICI Bank Pay Later | ICICI Bank Pay Later Se Loan Kaise Le

ICICI Bank Pay Later Loan Kase Le: By the way, there are many banks and finance companies in the market that provide loans for personal needs. If you need a small amount of money, then ICICI Bank is offering 'Free Loan' facility to its customers, under which you can get loan from ICICI Bank without any interest. The name of this facility is ICICI Bank Pay Later.

So friends, in today's article, we will tell you about the information related to ICICI Bank Pay Later loan like what is ICICI Bank Pay Later, what documents, eligibility will be required to take this loan,

What are the charges for the loan and in how many days can you submit the payment later? Along with this, we will also give you answers to questions related to ICICI Bank Pay Later, which will prove to be very beneficial for you.

What is ICICI Bank Pay Later?

ICICI Bank provides Pay Later facility to its customers for personal needs which can be activated in less than 1 minute only through Pockets Wallet, i-Mobile and Internet Banking App, and official website.

This facility is provided only after seeing your track record and CIBIL

According to this Pay Later facility, you can take a loan of Rs 20,000 without any interest rate for 45 days.

With this, you can do from online shopping to bill payment and payment to any merchant through UPI ID. Technology with BHIM UPI 2.0 has been used for Pay Later through which Account Holder can make payment.

Pay Later works in a way similar to a credit card where you spend first and pay later.

Note: Before taking ICICI Bank pay-later, you have to get your Saving Account opened and you can open this account by visiting your nearest ICICI Bank with Aadhar card and Pan card and now at present you can through video. You can get full video E-KYC of your account.

How To Apply Loan From ICICI Bank Pay Later

ICICI Bank pay-later facility can be availed through the official website, Pockets Wallet, i-Mobile and Internet Banking App by following a few simple steps which are as follows:

Step 1. Install Imobile App from Google Play Store.

Step 2. With the help of your mobile number, complete the registration process.

Step 3. Select Account & Deposits in the app.

Step 4. Now tap on Paylater Apply Now and here you have to click on Check.

Step 5. After this click on Got it and here you are told about your personal details.

Step 6. Now you have to tap on Check again. Here all your details are captured from your account itself.

Step 7. Now submit the application form, here you are told about the eligibility, how much credit limit you have got.

Step 8. After this you are told through sms that your icici PayLater account has been activated.

Note: If your civil score is not good and your account record is not good, then you will not be eligible for this loan and your pay letter may be rejected. Take.

Eligibility Criteria for ICICI Bank PayLater

ICICI Bank has made this facility available only for select customers of the bank. Those who are eligible for this, they get a pop-up invitation when they log in to Internet Banking, iMobile or Pocket Wallet.

   1. To take PayLater loan, you have to fulfill the eligibility mentioned below which is as follows.

   2. You must be a citizen of India.

   3. Applicant's age should be more than 23 years.

   4. The applicant should have an active bank account with Debit Card, Net Banking.

    5. Your account record and credit score should be good.

    6. You should have KYC documents like Aadhar card, PAN card.

    7. It is also necessary to have a mobile number linked with Aadhar card, PAN card.

Which documents are needed

To take Paylater loan from imobile app, it is mandatory to have the following documents which are as follows.

     1. Pan Card
     2. Aadhar Card
     3. Mobile No
     4. Bank Details

ICICI Bank PayLater Credit Limit

According to this facility, ICICI Bank offers a credit limit of Rs 5,000 to Rs 20,000 for your account, depending on the eligibility of its customers. When an invitation is sent to you, the bank sets the credit limit.

This limit depends on several factors like CIBIL score, monthly income and repayment capacity.

Note: All PayLater accounts are reviewed by the Bank from time to time and the sanctioned limit changes from time to time. Therefore, the bank sends you a notification when you are eligible for a change in the limit.

ICICI Bank PayLater Fees and Charges

If you do not deposit the PayLater loan on time, then you are mainly charged with two types of charges, PayLater dues, late fee of up to Rs 50 in the form of payment due date and GST fees. Apart from this, you have to pay interest rate according to 3% per billing cycle.

ICICI Bank PayLater Features

Following are the features of ICICI Bank Pay Later Loan which are as follows:

   * It is a virtual payment mode in which no physical card is required to complete the transaction.

    *Can avail extended credit up to 45 days with 0% interest using this facility.

    *Can be used to make purchases, pay bills or make payments to merchants

    *Who have a UPI (United Payments Interface) ID.

    *Can apply through multiple platforms including Mobile App, Internet Banking or Pockets (Digital Wallet).

    *Paylater is debited from the account provided by you at the time of applying.

Customer Support Number:

If you face any kind of problem then you can get solution of your problem by talking to ICICI Bank customer care. It provides you 24 hours customer service. Apart from this, you can also do live chat through Imobile application and website.

Common Questions (FAQs) related to ICICI Bank Pay Later Loan

Q1. What is the age limit to avail ICICI Bank Pay Later Loan?

Ans. Over 23 Years.

Q2. How long does an ICICI Bank pay-later loan take to get approved?

Ans. This loan gets approved instantaneously.

Q3. What type of loan does ICICI Bank give?

Ans. ICICI Bank offers various types of loans to its customers like Personal Loan, Home Loan, Property Loan, Car Loan etc. Along with this, it also gives the facility to open Saving Account and Current Account.

Q4. How to make ICICI Pay Later loan repayment?

Ans. ICICI Pay Later loan can be paid through Imobile app.

Q5. Can there be more than one PayLater account and link them to different savings accounts?

Ans. No, at any point of time, you can have only 1 account, the details of which will appear in the eligible payment options.

Q6. Can I apply for this account at any bank branch?

Ans. No, this option is available to select customers of the Bank only and can be applied through Internet Banking, Mobile App or Pocket Wallet.

Q7. Can one use PayLater to make credit card payments?

Ans. No, you cannot use PayLater for credit card payments to transfer funds to any other person or bank account.

Q8. By when should the ICICI PayLater account be paid?

Ans. You have to make the payment within 15 days of your bill generation date. Failure to do so will attract penal interest and late payment charges.

Conclusion: 

Today's post must have been helpful for you, in which we have told you about the information related to ICICI Bank Pay Later Loan. Like how to apply for ICICI Bank Pay Later loan, what documents will be required, what are the eligibility for this and whether it gives loan in a secure way or does not give answers to all these questions. For more information you can follow loanpaye.com on the platform on social media.