ICICI Bank offers used car loans at attractive interest rates starting from 11.25% p.a. The repayment tenure is up to 84 months. The process to apply for the car loan is simple and can be completed online.
ICICI Bank offers both new and used car loans with a fixed interest rate. In a fixed interest rate loan, the interest rate will remain fixed throughout the tenure.
The latest applicable rates are:
The main features and benefits of the used car loan offered by ICICI Bank are mentioned below:
The eligibility criteria that must be met to apply for a used car loan offered by ICICI Bank are mentioned below:
Instant approval. Paperless. Our Used Car Loans are a smart choice.
The following documents are mandated by the bank from its various categories of car loan applicants-
Documents | Salaried | Self Employed Professional | Self Employed Non-Professional |
Application form | X | X | X |
KYC | |||
Photographs | X | X | |
Identity Proof | X | X | X |
Address Proof | X | X | X |
Age Proof | X | X | X |
Bank Statements | X | X | X |
Signature Verification | X | X | X |
Income Proof | X | ||
Latest Salary Slip / Form 16 | X | ||
Income Tax returns of two previous FYs along with complete financial/audit report | X | ||
Income Tax Returns of 2 previous financial years | X | ||
Other Documentation | |||
Business Stability proof / Ownership proof | X | X | |
Employment Stability Proof | X | ||
Partnership deed and a letter signed by all partners authorising one of them | X | ||
Companies and Societies: A resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association |
The process that must be followed to apply for an ICICI Bank used car loan is mentioned below:
Yes, you can visit the nearest ICICI Bank branch and apply for a used car loan.
The maximum repayment tenure of the used car loan offered by ICICI Bank is 84 months.
Yes, you can apply for an ICICI Bank used car loan online.
The minimum repayment tenure of the used car loan offered by ICICI Bank is 12 months.
Yes, ICICI Bank offers 100% of the value of the used car as a loan.
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