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| Home » Banks Providing Auto Loans in India » ICICI |
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ICICI Bank Auto Loans |
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ICICI bank is the number1 financier for car loans. With a network of more than 1800 channel partners in over 1000 locations, the bank has tie -up with all leading automobile manufacturers in India to ensure the best deals. It offers quick documentation, easy processing and adaptive schemes. ICICI Bank Auto Loans are customer incentives. The applicant should be 21years of age and below 58 years of age at the time of maturity of the loan. Income criteria is that the applicant's gross annual salary should be above a lakh. This is for salaried individuals.
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For self employed individuals whether sole proprietor or in partnership or director it is above the age of 21 but should be below the age of 65 at the time of the loan's maturity. Income criteria is the applicant's income should be above Rs 60,000
ICICI Bank Auto Loans have these conditions in its schemes.
New car loan finances up to 90% of the ex- showroom cost of the car. The loan amount also varies on the model and make of the car. However, the minimum loan amount of a lakh stands is that is the minimum money that is issued in case of loan ICICI Bank Auto Loans have these benefits.
For a used car loan the minimum loan applicant can apply for is RS 75000. For a used car the bank takes on a financing of a maximum of 85% of the valuation of the car. ICICI Bank Auto Loans are customer friendly. The tenure of the loan range from 1-7 years for new cars and from 1-5 years for used cars. Bank Loans in India have several facets and auto loans have their own set of criteria.
For the salaried individual a photograph is required. For a self employed individual with a private companies. ICICI Bank Auto Loans have systematic issuing. For salaried individual will have to provide proofs of bank account continuity. Self employed individual provide proof of income for the last two years. In Banks Providing Auto Loans In India , it is one of the premium banks.
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