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ICICI Bank Car Loan

ICICI Bank Car Loan

Car Loans starting at 10%

Interest Rate

9.30% - 12.85%

Processing Fee

INR 3500 - 8500

TENURE

1 year - 7 years

ELIGIBILITY

  • Indian National - Salaried/ Self Employed.
  • Age > 21 years & < 70 years at the time of loan completion.

DOCUMENTS REQUIRED

  • Signed form with 2 photographs.
  • ID Proof, Address Proof, Age Proof, Bank Statement of last 6 months.
  • Income Proof (For Salaried Individuals) - Form 16 + Employment stability proof.
  • Income Proof (For Self Employed Individuals) - Audited ITR of last 2 years + Business Stability/ Ownership Proof + Financial statements.

PRECLOSURE + OTHER CHARGES

  • 5% of either - outstanding Principal Amount  OR outstanding Interest payable at the time of foreclosing (Lower of the two).
Like everything else with ICICI Bank, their car loan also comes with competitive rates, flexible options and minimal documentation. ICICI Bank provides upto 100% funding of the on road price for certain car models

ICICI Bank commenced its operations in 1994 and was originally promoted by its parent company ICICI Limited, an Indian financial institution. ICICI is India’s second largest bank with four thousand plus branches and more than 14000 ATMs nationwide.

ICICI bank offers many financial services like loans, recurring deposits, fixed deposits, insurance, credit cards etc. The bank offers high rate of Interest on RD, FD and iWish: General people - 6.75% and Senior Citizen – 7.25% in 2 years. ICICI bank offers more than 25 different types of credit cards offering benefits on travel, shopping, dining, fuels etc.

ICICI Bank offers huge range of offerings to its customers in India, its mostly loved by corporates for its current account services and also provide excellent saving account benefits in India. 

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