ICICI Bank Used Car Loan

Everyone aspires to have a car to live a luxurious life. A car has become a necessity, so it doesn’t matter whether it is new or a used one. The market of second-hand cars is gaining popularity day by day and touching the peak of Everest. The low prices of Used Cars attract people, as they want to maintain their budget. Purchasing a Used Car has become easy with the help of Used Car Loan. Banks and NBFCs provide Used Car Loan with a simple and hassle free process.

Features

• Affordable, Simple and Hassle free
• Easy to pay back
• Flexibility of payment
• Speedy Approval in 4 hours
• Minimum Documentation
• Attractive Interest Rates
• Transparent procedure
• Car loans available for various needs

ICICI Used Car Loan Documents

Simple and easy documentation for Axis Used Car loans (though documentation varies from individual to individual). The document requirement is based on your profession, income and loan requirement.

• Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License ( Laminated, Recent, Legible)
• Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
• Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy PAN Card
• Bank Statement: Last 6 months
• RC/Insurance of the Car

ICICI Used Car Loan Eligibility Criteria

• Minimum age : 21 years
• Maximum age at loan maturity: 65 years
• Minimum employment: For Salaried 1 year in current employment and minimum 2 years of employment / For Self- Employed at least 3 years in business
• Minimum Annual Income: For Salaried Rs 84000 net annual income / For Self- Employed Rs. 72,000/- p.a.
• Telephone: Must at residence.