ICICI Bank is one of the number one car loan financiers in India and offers car loan for both old and new cars.
Features & profit of ICICI Car Loan
- Loans is up to 90% of the ex-showroom price of the car
- ICICI car loans are processed rapidly
- easy documentation needs
- access way service for car loan applicants
Eligibility conditions for ICICI Car Loan
- Age range : 28-65(Self Employed), 25-58(Salaried)
- Minimum Experience : minimum 1 year in the current organization (Salaried), minimum 3 years in business(Self Employed) and 2 years in employment
- Minimum income : Rs. 2 lakh annual income (Self employed professionals, Rs 2.5 lakh annual income (Salaried) and individuals)
Details of ICICI Car Loan. Use our calculator to compare offer from multiple banks
Interest Rate (Monthly reducing balance) 9.75% fixed to 11% fixed
Processing Fees Up to Rs. 5,350
Loan Tenure 1 year to 5 years
Pre-closure Charges 5% of principal excellent or interest - excellent for unexpired period of the loan, whichever islower
Loan Amount Up to 90% of ex-showroom price
Guarantor Requirement No guarantor required
· Proof of Identity : voter's card or driving licence or PAN card and photograph or Passport
· Proof of Residence : driving license or latest electricity or bill Ration card or passport or most recent credit card bill bank statements or most recent telephone bill
· income proof : Income Tax Returns of last 2 years (Self employed) or modern salary slip with Form 16(Salaried)