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ICICI Bank Two Wheeler Loan

ICICI Bank Two Wheeler Loan

Get 2 Wheeler Loan for as low as 10% with ICICI Bank

Interest Rate

9.25% - 26%

Processing Fee

2.5% upto INR 2500 for regular 2 wheelers ; 1% upto INR 5000 for Super Premium Vehicles

TENURE

1 year - 4 years

ELIGIBILITY

  • Indian National salaried / self employed.
  • Age > 21 years.

DOCUMENTS REQUIRED

  • Signed application form with 2 photographs.
  • ID Proof, Address Proof & Age Proof.
  • Income Proof - Latest Salary slip + Form 16 for salaried individuals + Employment Stibility Proof ; 2 fiscal years ITR + Business stablity/ ownership Proof for self employed.

PRECLOSURE + OTHER CHARGES

  • Lower of 5% of outstanding principal or outstanding interest for remaining loan tenure.
  • Part prepayment not allowed.
ICICI Bank 2 wheeler loans are designed keeping the customers in mind. ICICI Bank provides upto 100% of the on-road 2 wheeler price in certain cases. They also have the provision of pre-approved loan for ICICI Bank Customers. Compared to other banks, ICICI has low preclosure and other charges as well

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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