ICICI Bank can disburse car loans for buying both a new car and a pre-owned car, and are rated as one the best car loans in India. The loan disbursals, loan quantum, tenure and interest rate of the ICICI car loan vary as per the type of the car you choose to purchase.
ICICI Bank New Car Loan
A new car loan from ICICI Bank can be taken to purchase a new car. ICICI bank loan for a new car has the following salient features:
- Finance of up to 100% of ex-showroom price of the car
- Repayment tenures of up to 7 years
- Competitive interest rates
- Easy documentation
- Insurance cover for Loan Liability available, repayable along with EMI
ICICI Bank Pre-owned Car Loan
Used car loan or pre-owned car loan can be availed to purchase a second- hand car. ICICI Bank used car loan comes with the following salient features:
- Finance for pre-owned cars up to 80% of the valuation of the car
- Attractive interest rates
- Repayment tenures up to 5 years
- Car loans for a wide range of certified/pre-owned cars
Car Loans offered by ICICI Bank for existing ICICI bank account customers
ICICI plans offer pre-approved car loans to select customers of the Bank. This car loan scheme offers many benefits to the existing customers of ICICI Bank.
- Exclusive offers
- Instant approval
- Reduced documentation.
ICICI Bank Top up Loan on Existing Car Loan
To help borrowers of ICICI car loan to fulfill their requirements like home renovation, business funding, education of children, holiday expenses, ICIC Bank offers Top Up loan on existing ICICI car loan. As the applicant will be an existing customer of ICICI Bank, he can enjoy the benefit of minimal documentation and faster processing of the ICICI Bank car loan. Moreover, ICICI car loan details educate you about everything that you need to know before the actual loan application procedure.