SRAVAN KUMAR

Car Loan from ICICI Bank

Agenda

Review of ICICI Bank Car Loan

ICICI Bank Offers Eligibility CriteriaDocumentation Features and Benefits

ICICI Bank Car Loan

ICICI Bank is one of the most popular private banks in the country catering to the needs of the Indian population.

The bank offers core banking services along with a host of financial products and loans. ICICI Bank has one of the largest customers for car loans due to its lucrative interest rate schemes and easy availability.

ICICI Bank Offers

ICICI Bank offers car loans to both self employed and salaried individuals with loans available for both new cars as well as pre owned cars.

ICICI Bank is one of the rare banks to offer finance up to 90% of the ex-showroom price of the car.

Loan interest charges are one of the best in the market and depend on the car model and loan tenure.

Let us look at various aspects of car loans for new cars offered by ICICI Bank to its customers.

Eligibility criteria for ICICI Bank Car Loan:

Car loans from ICICI Bank are available for both salaried and self employed individuals. The applicant needs to satisfy the 3 basic criteria pertaining to age, income and stability of income.

ICICI Bank car loans are available for all applicants between 25 years old at the time of application to 58 years of age at the time of maturity of the loan.

Documentation required for ICICI Bank Car Loan

ICICI Bank offers car loans for eligible applicants after they submit their related income and address proof documents.

For salaried individuals, the bank seeks latest salary slip or Form 16 along with KYC related address and identity proof documentation.

Features and benefits of ICICI Car loan:

ICICI Bank offers car loans up to 100% of the ex-showroom price of the car with maximum loan tenure of 7 years.

The bank offers flexible repayment options catering to the needs of wide section of society. ICICI Bank offers insurance cover for Loan Liability available, repayable along with EMI along with zero Pre-payment charges under 'Multi Advantage Car Loans' product scheme.

Thank You

References:

Bank Bazaar Car Loans in INDIA Car Loan Interest rates