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| COMPARE : CAR LOANS |
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| Introduction |
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| The car loan plan by ICICI Bank helps you to be a proud owner of a new car. Bank offers up to 100% of ‘on-road’ cost on select models and up to 95% of the ex-showroom price on others. It gives you various loan options to choose from. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
Term Loan |
| Ex-Showroom/On Road |
Ex-Showroom |
Ex-Showroom |
| Loan Amount |
Test comment on amount
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Min. - Rs 75000
Max. - Rs 75
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| Tenure |
Min. - 12 Yrs.
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Min. - 12 Yrs.
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| Interest Rate |
14.25 % |
16 % |
| Time to Process Loan |
1 days |
1 days |
| Preferred Manufacturers |
Chevorlet, Maruti |
Chevorlet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
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Processing Fees
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| Slab |
Processing Fee |
Origination Charges |
| Rs 250000 - Rs 499999 |
Rs 1950 |
0.100000001490116 % |
| Rs 500000 - Rs 1000000 |
5 % |
0.100000001490116 % |
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Fees & charges
Fees & charges
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New Car |
Used Car |
| Cheque Bouncing Charges |
200 Rs |
200 Rs |
| FC Charges |
100 Rs |
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| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Late Payment Penalty |
2 % |
2 % |
| Pre-Payment Charges |
5 % |
5 % |
| Cheque Swapping Charges |
200 Rs |
500 Rs |
| Origination Charges |
0.3 % |
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| Loan Cancellation/Rebooking Charges |
100 Rs |
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| Statement Charges |
60 Rs/Statement |
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| Duplicate Repayment Schedule Charges |
50 Rs |
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| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
| Duplicate No Due Certificate / NOC Charges |
300 Rs |
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| Changing Fixed to Floating rate of interest Charges |
3 % |
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| Changing Floating to Fixed rate of interest Charges |
4 % |
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| Document Retrieval Charges |
400 Rs |
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| Comment on Charges |
Test comment on charges. |
Origination Charges are included in the Advance installments/ First installment. Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate may be charged over and above these charges at the discretion of ICICI Bank. |
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Eligibility Criteria
Eligibility Criteria
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Salaried
Salaried:
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| Income |
Rs 8000 |
| Age |
Min.: 21 Yrs. Max.: 58 Yrs. |
| Current Employment Years |
1 Yrs. |
| Total Employment Years |
2 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
| Post Sanction |
Loan Agreement duly signed along with RTO set Post Dated Cheques (PDCs) / ECS form / Standing Instruction (SI) request Margin money receipt. |
| Waivers |
Salary A/C Scheme: All customers having their Salary A/c with UTI Bank since the past 3 months and above will qualify under this scheme~30 times Average Net Salary Credited during last 3 months~Special Benefits~100% Waiver of Processing Fees~Waiver of Salary Slips & Bank Statements~All other documentation and terms of the loan will remain the same.~All of the above is subject to terms and conditions. |
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Self Employed
Self Employed:
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| Income |
Rs 15555 |
| Age |
Min.: 22 Yrs. Max.: 50 Yrs. |
| Current Employment Years |
1 Yrs. |
| Total Employment Years |
3 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
No |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
No |
| Post Sanction |
Loan Agreement duly signed along with RTO set Post Dated Cheques (PDCs) / ECS form / Standing Instruction (SI) request Margin money receipt. |
| Waivers |
Salary A/C Scheme: All customers having their Salary A/c with UTI Bank since the past 3 months and above will qualify under this scheme~30 times Average Net Salary Credited during last 3 months~Special Benefits~100% Waiver of Processing Fees~Waiver of Salary Slips & Bank Statements~All other documentation and terms of the loan will remain the same.~All of the above is subject to terms and conditions |
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Application Process
Application Process |
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Contact the ICICI bank call centre nearest to you or call their Toll Free number 1600-22-9191.You can also apply for a car loan with ICICI bank by sending an SMS with the message "carloan " to 676766, for eg. SMS "carloan mumbai" if you stay in Mumbai. You can apply for a car loan by sending an email to customer.care@icicibank.com |
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