Loan App Details & Reputation
App Name
iMobile Pay (ICICI Bank’s Mobile Banking App)
Tagline/Description
Loan, Banking App. Offers over 400+ banking services, including instant loans, investments, UPI payments, and more.
Developer/Company Name
ICICI Bank Ltd
Social Media Handles
(Primarily promoted through ICICI Bank’s main social media channels)
Contact Information
Customer Care Number: 1860 120 7777
License and Registration Details
Leading private sector bank regulated by the Reserve Bank of India.
Latest News/Updates
August 2024: iMobile Pay integrated with ‘iPal’, ICICI Bank’s AI-powered chatbot, for personalized banking assistance.
Loan Details
Loan Amount (Minimum and Maximum)
Pre-approved offers up to ₹25 lakhs (eligibility based)
Interest Rate (Daily, Weekly, Monthly, Annually)
Starting from 10.50% p.a. onwards (varies based on creditworthiness and other factors)
Loan Tenure (Minimum and Maximum)
Up to 5 years
Repayment Options
EMI through auto-debit.
Fees (Processing, Late Payment, etc.)
Processing fee of up to 2.50% of the loan amount + applicable taxes. Late payment charges as per loan agreement.
Eligibility Criteria (Age, Income, Credit Score, etc.)
- Must be an existing ICICI Bank customer with a good credit history.
- Age: 23 to 60 years (salaried) / 28 to 65 years (self-employed)
- Minimum Income: Varies based on location and profession
Documents Required
No physical documents required for pre-approved customers.
Loan Purpose
Personal expenses, debt consolidation, medical emergencies, education, travel, etc.
App Ratings and Reviews
Google Play Store Rating
4.4 stars
Apple App Store Rating
4.6 Stars
User Reviews and Feedback
Positive Reviews
Users highlight the quick disbursal, paperless process, and competitive interest rates for instant personal loans.
Negative Reviews
Some users report challenges with eligibility criteria and occasional technical issues during the application process.
Customer Support
Contact Channels
In-app support, phone banking, email, branch visits.
Support Hours
24/7 phone banking support.
FAQs and Knowledge Base
FAQs and Knowledge Base
Loan Disbursal and Repayment
Disbursal Time
Instant for pre-approved customers
Repayment Options
Primarily through EMI (Equated Monthly Installments).
Additional Features
Loan Calculator
Helps users estimate EMIs and loan affordability for instant personal loans
Loan Application Tracking
Track the status of loan applications within the app
Regulatory Compliance
RBI or NBFC License Details
Private Sector Bank, regulated by the Reserve Bank of India.
Compliance with Indian Banking Regulations
Yes
Step-by-Step Guide to Using MoneyTap
Download and Install
Find the iMobile Pay app on Google Play Store or Apple App Store and install it.
Google Play Store Link
Apple Store Link
Registration & Login
Existing ICICI Bank Customers: Use your customer ID and registered mobile number or debit card details to log in.
Check for Pre-Approved Offers
Navigate to the “Loans” or “Offers” section and check for pre-approved instant personal loan offers.
Apply
If you have a pre-approved offer, you can directly apply for the loan within the app.
Review & Confirm
Review the loan details, terms and conditions, and confirm the application.
Instant Disbursal
If eligible, the loan amount will be disbursed instantly to your linked ICICI Bank account.
Important Note
Instant personal loans through iMobile Pay are primarily available to pre-approved ICICI Bank customers with a good credit history. The information provided here is subject to change. Please refer to the official ICICI Bank website or iMobile Pay app for the latest and most accurate information.
Disclaimer
The information presented in this document regarding loan apps is intended for general informational purposes only and is current as of the date of this post. It is compiled from sources believed to be reliable, including official websites, app stores, and user reviews. However, the financial landscape, app features, interest rates, and terms can change rapidly.
Instantloansindia does not endorse any specific loan app or guarantee the accuracy, completeness, or timeliness of the information provided. It is crucial that users verify all information directly with the respective loan app or financial institution before making any financial decisions.
Instantloansindia shall not be held liable for any damages, losses, or liabilities arising from the use or reliance on the information herein. Users are solely responsible for their financial choices and should consult with qualified professionals for personalized financial advice.