In the modern era, with a tremendous increase in the population of the country, people are facing a lot of problems as far as commuting is concerned. In such situation, everyone desires to own a vehicle that will solve this problem on a permanent basis. But not all of them can afford their own vehicle.. Thus, the need of a car loan is felt by one and all.
Presently, almost all the leading banks offer car loans to its customers for buying new as well as used cars. The rate of interest for each one of the bank differ from one another. People look out for those car loans that offer lower interest. Similarly, ICICI bank also offers car loans to all its customers with very competitive interest rates.