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| COMPARE : CAR LOANS |
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| Introduction |
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| Be a proud owner of a new car with ICICI Bank car loan. Bank offers up to 90% of the ex-showroom price of the car. The loan process is simple and can repay loan by up to 5 years. Bank offers fixed interest rate on loan. Bank interest charges differ according to the car model, the tenure of the loan, the customer and his location. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
Term Loan |
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| Ex-Showroom/On Road |
Ex-Showroom |
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| Loan Amount |
Loan is available for a minimum of Rs 1 lakh. The bank covers 90% of the ex showroom price of the car.
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| Tenure |
Min. - 12 months.
Max. - 60 months.
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| Interest Rate |
13 % |
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| Time to Process Loan |
7 days |
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| Preferred Manufacturers |
Chevrolet, 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 |
450 Rs |
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| Stamp Duty |
As Per Actuals |
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| Late Payment Penalty |
2 % |
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| Pre-Payment Charges |
5 % |
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| Cheque Swapping Charges |
500 Rs |
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| Statement Charges |
500 Rs/Statement |
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| Duplicate Repayment Schedule Charges |
500 Rs |
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| Legal, Repossession and Incidental Charges |
As Per Actuals |
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| Duplicate No Due Certificate / NOC Charges |
500 Rs |
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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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Show All Auto Loans
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