ICICI Bank Car Loan

Features & Benefits

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Dreaming of owning a car? The Car Loan aims to ensures that you drive around the city in your own vehicle! Avail a car loan, or opt for a pre-approved car loan, and get the best interest rates.

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    Car Loan Eligibility Criteria

    Salaried individuals and self-employed professionals and businessmen between the age group of 21 years and 60 years can avail a car loan for a period of 1 year to 7 years. .

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    Loan Amount

    Get loan up to ₹ 3 crore on a wide range of cars and multi-utility vehicles - Enjoy 100% on-road finance** on your New Car Loan​​​​​​​

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    Zero Foreclosure Charges

    Zero Foreclosure after 24 months of repayment

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    Minimum Documentation

    Identity and address proof documents as accepted by Bank, Income Proof: Latest salary slip with form 16, Last 6 months Bank Statement

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    Flexible Repayment

    A variety of schemes to choose from : Flexible Repayment Schemes , Step Up , Balloon EMI Options

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    Car Loan Tenure

    Most of the banks offer car loan for a maximum period of 7 years. If you apply for longer repayment tenure, your EMI for car loan will be less.

CAR LOAN

A Car Loan is a type of secured loan, which means that the borrower must up a valuable item to serve as collateral. If the borrower is unable to pay back the loan, the lender can then seize the collateral and sell it in order to recoup their losses. Since Car Loans are used to purchases Car, the vehicle that is being purchased is what serves as collateral.

DOCUMENTS REQUIRED

Availing a Car Loan with BookMyLoans is simple. The only documents you will need for a Car Loan, Identity and address proof documents as accepted by Bank, Income Proof: Latest salary slip with form 16, Last 6 months Bank Statement.

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