ICICI Bank Car Loan: Is it your dream to buy a car and you do not have the money to buy a car, then this is your problem. ICICI Bank Car loan Can solve because ICICI Bank is providing personal loan facility to customers at attractive interest rates.
In this article, we will provide you all the information related to ICICI Bank Car Loan, like what is the interest rate of this loan and how can we apply for this loan etc., so read this article till the end.
You can avail this loan to buy any type of car, new, used or luxury. in present time ICICI Bank Car Loan Interest Rate 8.30% p.a. starts from. You from ICICI Bank Up to 100% of the cost of the car Can get loan.
ICICI Bank Car Loan in Hindi
You can easily apply for ICICI Bank Car Loan online or offline. The bank provides New Car Loan at a fixed interest rate. This interest rate can be different for different loans.
You can avail this car loan for a long tenure of 7 years. The processing fee for this loan is up to 2% of the loan amount. Existing customers of the bank can avail this loan at a low interest rate.
If you do not know how much installment you will have to pay at the time of loan payment, then you can calculate the EMI of your loan with the help of ICICI Bank Car Loan EMI Calculator by visiting the official website of the bank.
HIGHLIGHTS:
| loan name | ICICI Bank Car Loan 2022 |
| Bank | ICICI Bank |
| Rate of interest | Starting at 8.30% p.a. |
| loan tenure | up to 7 years |
| loan amount | Up to 100% of the cost of the car |
| processing fee | Up to 2% of the loan amount |
| application mode | online / offline |
| official website | www.icicibank.com |
ICICI Car Loan Interest Rate 2022
This Car Loan Interest Rate 8.30% p.a. starts from. The bank offers various types of car loans as per the needs of the customers and whose interest rates can be different. The interest rate of the car loan largely depends on the CIBIL score of the customer.
If your credit score is very good, you have a good relationship with the bank, then you can get ICICI Bank Car Loan at a low interest rate.
Benefits and Features of ICICI Bank Car Loan
- One can take this car loan to buy a new, used car or to buy the car of one’s dreams.
- The bank provides loan up to 100% of the cost of the car to the customer.
- The loan tenure of this loan is up to 7 years.
- The bank provides the facility of pre-approved and pre-qualified car loans to the existing customers.
- Loan benefits with minimum documentation.
- Faster Processing.
- Part payment allowed.
- Motor insurance funding is included in the auto loan amount.
- Top-up loan facility on car loan.
- Avail refinance up to 140% of the car value.
- If you fulfill all the conditions of the bank then you Cheapest Car Loan can get.
- The processing fee for a car loan is 2% of the loan amount or up to Rs.15,000.
ICICI Bank Car Loan Eligibility
The following are the eligibility criteria to apply for ICICI Bank Car Loan:
Eligibility for Salaried Individual:
- The minimum age of the applicant should be 25 years at the time of applying.
- The maximum age at the time of loan maturity should be 58 years.
- The annual income of the applicant should be at least Rs.2.50.
- Customer’s current employment stability should be minimum 1 year and total employment should be 2 years.
for the self-employed eligibility,
- The minimum age of the applicant should be 28 years.
- The maximum age at the time of loan maturity should be 65 years.
- The annual income of the applicant should be at least Rs.2 lakh.
- The stability in the business of the applicant should be more than 3 years.
Eligibility for Partnership Firm:
- The minimum PAT (Profit After Tax) of the firm should be Rs.2 lakh.
- Business stability should be more than 3 years.
Eligibility for Private / Public Limited Company:
- Limited companies should have been in existence for at least 3 years.
- Minimum PAT (Profit After Tax) should be Rs.2 Lakh.
- Business stability should be more than 3 years.
ICICI Car Loan Documents required
The documents to apply for are as follows:
Documents for Salaried Individuals:
- application
- KYC Documents: Photo, Identity Proof, Residence Proof, Age Proof.
- Bank Details: Signature Cheque.
- Income Proof: Latest Salary Slip / Form 16.
- Employment stability proof.
Documents for Self Employed Professionals:
- application
- KYC Documents: Photo, Identity Proof, Residence Proof, Age Proof.
- Bank Details: Signature Cheque.
- Income Proof: Income Tax Returns of last 2 financial years.
- Business Establishment Proof / Ownership Proof.
Documents for Self Employed Non-Professionals:
- application
- KYC Documents: Identity Proof, Residence Proof, Age Proof.
- Bank Details: Signature Cheque.
- Income Proof: Income Tax Returns of last 2 financial years along with complete financial/audit reports.
- Business Establishment Proof / Ownership Proof.
- Partnership deed and letter signed by all the partners authorizing a partner.
- Companies and Societies: Resolution and memorandum and articles of association by the board of directors (or such managing body).
How to apply ICICI Bank Car Loan?
You can apply for a car loan from ICICI Bank either online or offline, whose complete details are given here:
ICICI Bank Car Loan apply online
- After visiting the website, in the option of Loans car loan Click on the option.
- After clicking, all the information related to the car loan will appear in front of you.
- to apply Apply Online Click on the option.
- The car loan application form will open in front of you.
- Enter the requested information and click on submit.
- After you submit the form, the bank will contact you and the loan process will be continued further.
How to Apply for ICICI Car Loan Offline?
- To apply offline, you have to visit your nearest ICICI Bank branch.
- Contact the bank employee who will provide you complete details about the car loan.
- Then will verify your documents.
- You have to fill a form with which you have to attach the documents and deposit it in the bank on the spot.
- If your loan is approved, the loan amount is transferred to you.
ICICI Bank Car Loan Products
ICICI Bank offers a variety of car loan facilities which are as follows:
- ICICI Pre-Owned (Used Car) Loan
- Refinance Car Loan
- Top-Up Car Loan
- Upgrade your Car Loan
ICICI Pre-Owned (Used Car) Loan
- Under this loan, you can take a loan from the bank to buy an old car.
- The loan tenure of ICICI Used Car Loan is up to 7 years.
- Under this loan you can get loan up to 80% of the cost of the car.
Who can apply for a pre owned car:
Eligibility for Self Employed Individuals:
- The applicant must be a resident of India.
- The age of the applicant should be between 23 to 60 years.
- There should be business continuity for at least 4 years.
- The annual income of the customer should be at least Rs.1.75.
Eligibility for Salaried Individuals:
- Both residents and non-residents of India can apply for this loan.
- The age of the applicant should be between 21 to 54 years.
- Minimum 2 years experience.
- The annual income of the applicant should be at least Rs.2 lakh.
Refinance Car Loan
- Under this loan, you can take a loan against the existing car.
- You can avail the benefit of refinance up to 140% of the valuation of the car.
- Asana Document.
- Faster Processing.
- Loan benefits at low interest rate.
Top-Up Car Loan
- You can avail Top-Up Car Loan on your existing car loan.
- You can avail it at attractive interest rates with easy documentation.
Upgrade your Car Loan
- You can upgrade your car loan under this loan.
- As technology advances, car models are getting better and better.
- You can upgrade your loan to upgrade to a technology enabled model.
ICICI car loan fees and charges
| processing fee | Up to 2% of the loan amount or up to Rs.15,000 |
| loan documentation fee | Rs 800 + GST |
| Registration Certificate (RC) Collection Fee | Rs 700 + GST |
| stamp duty | Real |
| prepayment fee | 5% on principal outstanding |
| Fee for late payment of loans | 2% p.m. on outstanding installment |
| swap fee | Rs 500 |
| bounce fee | Rs 500 |
| Duplicate Repayment/Amortization Schedule Fee | Rs 500 |
| account fee details | 200 rupees |
| prepayment statement fee | 200 rupees |
| Duplicate No Objection Certificate (NOC)/No Due Certificate (NDC) Charges | Rs 500 |
| NOC for conversion from Petrol to LPG/CNG | Rs 500 |
| Revalidation of NOC Fee | Rs 500 |
| NOC for converting from private to commercial and commercial to private registration | Rs 2,000 |
| Appraisal Fee for Used Car | Rs 1000 + GST |
| loan cancellation fee | Rs 3,000 |
| Cash transaction charges for repayment of EMI dues at branches | 100 rupees |
| Information Usage Charges (Only for Corporate Affairs) | Rs 300 + GST |
ICICI Car Loan Customer Care Number
- Personal Banking: 1860 120 7777
- Wealth/Private Banking: 1800 103 8181
- Corporate / Business / Retail Institutional Banking: 1860 120 6699
conclusion
In this article we have given you ICICI Bank Car Loan Complete information about has been provided. Anyone can avail ICICI Bank Car Loan to buy their dream car.
You can get your ICICI Car Loan Statement by visiting the official website of the bank or by visiting your nearest bank branch.
If you have any other kind of information about this loan, then you can get information by calling ICICI Bank customer care number or you can write to us in the comment.
FAQ:
The interest rate of this loan starts from 8.30% per annum.
You can track the status of your application by calling the customer care number of the bank or by visiting your nearest bank branch.
You can close your loan by going to the bank.