ICICI Bank Car Loan Apply 2024 – Interest Rate & Types

ICICI Bank Car Loan Apply 2024 – Interest Rate & Types: Hi friends, If your dream is to buy a car then you can join ICICI Bank car loan. In this article, we will know in detail what is ICICI Bank car loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this loan etc., so you can read this article till the end..

Just as we take a bike loan to buy a bike, similarly we take a car loan to buy a car. You can take advantage of this loan to buy any type of car, new, used or luxury.

ICICI Bank Car Loan Details

car loan a secured loan This means that you have to give collateral or security to take this loan. But in a car loan, the car itself acts as the collateral. Your bank to give loan CIBIL Score checks. If your credit score is very good, then you fulfill all the conditions of the bank, then you can get attractive credit of the bank. car loan interest rate can take advantage of.

You can apply for ICICI Bank car loan both online and offline. You personal loan You can also buy a car with the help of a personal loan because you can take a personal loan for any of your personal expenses. But a personal loan may cost you more than a car loan.

can get loan up to 100% of the cost of the car from ICICI Bank. The bank provides New Car Loan at a fixed rate of interest. ICICI Bank car loan interest rate starts from 7.35% p.a. This interest rate can be different for different loans.

ICICI Bank Car Loan Key Features:

loan name	ICICI Bank Car Loan 2023
Bank	ICICI Bank
Rate of interest	Starting from 7.35% p.a.
loan tenure	7 years
loan amount	100% of the value of the car
processing fee	2% of the loan amount
Application Mode	online / offline
official website	https://www.icicibank.com/

ICICI Bank Car Loan Benefits

• Anyone can take this car loan to buy a new, used car or to buy the car of their dreams.
• 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.
• bank provides the facility of pre-approved and pre-qualified car loans to existing customers.
• Loan benefits with minimal documentation.
• fast processing.
• Partial payment allowed.
• Motor insurance funding is included in the auto loan amount.
• Top-up loan facility against car loan.
• Take advantage of refinance up to 140% of the car value.
• If you fulfill all the conditions of the bank then you cheapest car loan can obtain.
• The processing fee for a car loan is 2% of the loan amount or up to Rs.15,000.

ICICI Car Loan Eligibility

Only those people can apply for this car loan who are eligible for it. You can also calculate your eligibility with the help of official website of the bank Car Loan Eligibility Calculator.

Following are the eligibility to apply for ICICI Bank car loan:

Eligibility for Salaried Person:

• The minimum age of the applicant should be 25 years at the time of applying.
• The maximum age at the time of maturity of the loan should be 58 years.
• should be at least Rs 2.50.
• The current employment stability of the client should be minimum 1 year and total employment should be 2 years.

For Self Employed PersonEligibility :

• The minimum age of the applicant should be 28 years.
• The maximum age at the time of maturity of the loan should be 65 years.
• The annual income of the applicant should be at least Rs 2 lakh.
• The business stability 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:

• should have been in existence for at least 3 years.
• Minimum PAT (Profit After Tax) should be Rs. 2 lakhs.
• Business stability should be more than 3 years.

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Documents Need for ICICI Car Loan

Before applying for ICICI Bank car loan, you must have all the necessary documents so that whenever the bank asks you for documents, you can show them all the documents immediately. For more information about the document, you can also contact your nearest bank branch.

Documents to apply are as follows:

Documents for Salaried Person:

• application
• KYC Documents: Photo, Identity Proof, Residence Proof, Age Proof.
• Bank details: Signature check.
• 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 check.
• Income Proof: Income Tax Return for the last 2 financial years.
• Business Stability Proof / Proprietary Proof.

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Documents for Self Employed Non-Professionals:

• application
• KYC Documents: Identity Proof, Residence Proof, Age Proof.
• Bank details: Signature check.
• Tax Returns for the last 2 financial years along with complete financial/audit reports.
• Business Stability Proof / Proprietary 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).

ICICI Bank Car Loan Products

ICICI Bank offers several types of car loan facility which are as follows:

• ICICI Pre-Owned (Used Car) Loan
• Refinance Car Loan
• Top-Up Car Loan
• Upgrade your Car Loan

Can help this article : Axis Bank Car Loan – How To Get, Interest rate

ICICI Pre-Owned (Used Car) Loan

• Under this loan, you can take a loan from the bank to buy a used car.
• The loan tenure of ICICI Used Car Loan is up to 7 years.
• Under this loan, you can get a loan up to 80% of the cost of the car.

Who can apply for Pre Owned Car:

Eligibility for Self Employed Individuals:

• Applicant should be resident of India.
• Applicant’s age should be between 23 to 60 years.
• Must have business continuity for at least 4 years.
• should be at least Rs 1.75.

Eligibility for Salaried Persons:

• Both resident and non-resident of India can apply for this loan.
• Applicant’s age should be between 21 to 54 years.
• Minimum 2 years experience.
• should be at least Rs 2 lakh.

Refinance Car Loan

• Under this loan, you can take a loan on the existing car.
• can avail the benefit of Refinance up to 140% of the appraisal of the car.
• Asana document.
• fast processing.
• Benefits of loans at low interest rates.

Top-Up Car Loan

• You can avail Top-Up Car Loan on your existing car loan.
• You can take advantage of this at attractive interest rates with easy documents.

Upgrade your Car Loan

• Under this loan, you can upgrade your car loan.
• Car models are getting better and better as technology progresses.
• You can upgrade your loan to upgrade to a tech-savvy model.

Can help this article : SBI Car Loan – How To Get, Interest Rate

ICICI Bank Car Loan Apply

If you fulfill all the conditions of this car loan, then you can apply for it both online and offline. Apart from this, you can also apply for a loan by calling ICICI Loan Customer Care Number. Follow the steps given below to apply for Car Loan :

ICICI Bank Car Loan apply online

• To apply online, you must first visit the official website of the bank. icicibank.com But have to come.
• After visiting the website, in the option of Loans car loan Click on the option.
• After clicking, all the information related to car loan will come in front of you.
• To apply Apply Online Click on the option.

• Car loan application form will open in front of you.
• Enter the requested information in it and click on submit.
• After you submit the form, the bank will contact you and the loan process will be issued further.

How to apply offline ?

• To apply offline, you have to visit your nearest ICICI Bank branch.
• Contact the bank employee who will provide you complete information about the car loan.
• Then your documents will be verified.
• You have to fill a form with which documents have to be attached and deposited in the bank there.
• If your loan is approved, the loan amount is transferred to you.

ICICI Car Loan Interest Rate 2024

The interest rate of this loan starts from 7.35% per annum. The bank offers various types of car loans according to the needs of the customers and the interest rates of which can be different. The interest rate of a car loan depends a lot on the CIBIL score of the customer. If your credit score is very good, you have good relationship with the bank, then you can also get ICICI Bank Car Loan at low interest rate.

Before applying for a car loan of any bank, it is important for you to know about the interest rate of that loan properly. You can compare car loans from different banks and apply for the cheapest car loan.

ICICI Bank Car Loan EMI Calculator

should calculate the EMI of your loan before applying for a car loan. You can calculate your car loan EMI to find out how much you will have to pay at the time of loan repayment. You can visit the official website of ICICI Bank Car Loan EMI Calculator With the help of this you can calculate the EMI of your loan.

EMI calculator, you have to enter the loan amount, interest rate and loan tenure and select it. After selecting, the EMI of your loan will come in front of you. You can find the cheapest car loan by calculating the car loan EMI of various banks.

ICICI Car loan Fees and charges

Processing fee	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
Charges for late payment of loans	2% per month on outstanding installment
Swap fee	500 rupees
Bounce fee	500 rupees
Duplicate Repayment/Amortization Schedule Fee	500 rupees
Account Fee Details	200 rupees
prepayment detail fee	200 rupees
Duplicate No Objection Certificate (NOC) / Due Certificate (NDC) Charges	500 rupees
NOC for conversion from Petrol to LPG/CNG	500 rupees
Revalidation of NOC Fee	500 rupees
NOC for converting from private to commercial and commercial to private registration	2,000 rupees
Appraisal Fee for a Used Car	Rs.1000 + GST
Loan cancellation fee	3,000 rupees
Cash transaction charges for repayment of EMI dues at branches	100 rupees
Information Utility Charges (Only for Corporate Affairs)	Rs.300 + GST

ICICI Car Loan Customer Care Number

If you have any other type of information regarding this loan, then you can get information by calling ICICI Bank customer care number.

• Personal Banking: 1860 120 7777
• Wealth / Private Banking: 1800 103 8181
• Corporate / Business/ Retail Institutional Banking: 1860 120 6699

Final Touch:

In this article we have you ICICI Bank Car Loan Apply, Eligiblity, Interest Rate Provided complete information about. Anyone can avail ICICI Bank Car Loan to buy the car of their dreams.

You can also apply for the loan by calling the customer care number of the bank. Hope friends, you have found this article informative. If you liked the information given in this article, then please share it as much as possible.

FAQ’s on ICICI Bank Car Loan