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ICICI bank car loans |
| Carloanshub » International Banks offering Car Loans » ICICI bank car loans |
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Among various International Banks offering Car Loans, ICICI bank is a popular name. Some of the best schemes associated with car loans are offered by this bank, which you can avail. Simple procedures for availing loan, competitive prices and variety in payment schemes are the salient features of ICICI bank car loans.. This bank has tie ups with the leading names in the car manufacturing business, thus ensuring best deals, in terms of loan.
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Hassle free application process, quick processing and flexible schemes, make this bank a renowned name in car loans.
Criteria for ICICI bank car loans mainly focus in the area of age and income, which varies from salaried individuals to self employed persons. For the self employed individuals, the maximum age at the time of loan maturity is 65 and the gross annual income should exceed Rs. 60,000. In case of salaried persons, 60 years is the maximum age as far as loan maturity is concerned and the gross annual salary should be more than Rs. 1 lakh per annum. If public or private limited companies want to avail ICICI bank car loans, the company should be in business for more than two years.
Required documents for ICICI bank car loans for individuals are 2 years of income statement, photographs, address proof, bank statement and salary certificate. For public or limited companies, 2 years of Income Tax Return, Memorandum and Board Resolution should be produced, in order to apply for the loan. Partnership companies need to produce Audited Balance, 2 years of IT Return, Partnership Authority
Amount of ICICI bank car loans vary for old and new cars, proving more beneficial in case of new car. This bank provides finance to a car that has already been in use , to a maximum of 90% of the car valuation, the minimum amount being Rs. 75,000. In case of new cars, a maximum of 95% of the ex showroom cost can be availed by the applicant. For availing higher loan amounts, the income eligibility criterion needs to be fulfilled, the minimum amount being Rs. 1 lakh. The repayment tenure is 1 to 7 years, in case of new car, and for used cars, it is 1 to 5 years of time.
With these multiple benefits, it has acquired the position of number one car company in India, having network in more than 1000 locations.
In order to know about other International Banks offering Car Loans, keep on browsing the related sites of carloanshub.com.
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