Why ICICI Bank Car Loan
Why ICICI Bank Car Loan ?
If you are thinking to buy a brand new car, then you have come to the right place. We provide you instant approval of your loan Online so that you can fulfill your dream in a flash.
ICICI Bank offers car loans up to 100% ex-showroom price of the car, with attractive interest rates and up to 7 years tenure.
- Car Loans tenure from 1 year to 7 years
- Attractive interest rates on Car Loans
- Calculate your monthly outgo with our Car Loan EMI Calculator
- ICICI Bank offers car loans up to 100% ex-showroom price of the car
ICICI Bank Car Loan Documents
Documentation required for Car Loan
List of Car Loan documents required
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Documents Salaried Self Employed Professional Self Employed Non Professional Application form Yes Yes Yes KYC Photographs Yes Yes Identity Proof Yes Yes Yes Address Proof Yes Yes Yes Age Proof Yes Yes Yes Bank Statements Yes Yes Yes Signature Verification Yes Yes Yes Income Proof Latest Salary Slip / Form 16 Yes Income Tax returns of 2 previous financial years along with complete financial/audit report. Yes Income Tax Returns of 2 previous financial years. Yes Other Documents Business Stability proof / Ownership proof Yes Yes Employment Stability Proof Yes Partnership deed and Letter signed by all partners authorizing one partner Yes Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association Yes - Pre-Owned Car
- Loan up to 80% of the valuation of car with maximum tenure of 60 months*
ICICI Bank Car Loan Eligibility
Eligibility for Car Loan
| Eligibility | For New Car: Loan up to 100% of ex-showroom price of the car.For Pre-Owned Car: Loan up to 80% of the valuation of car with maximum tenure of 60 months* (can go further depending on profile) |
| Interest Rates | New Car: 9.50%* to 10.25%* depending on the segment of vehicle and tenure selected (Fixed)Pre-Owned Car: 13.50% to 15.00% depending on the segment of vehicle (Fixed) |