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Purpose for Car Loan

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ICICI Bank Car Loan in Purnea, Bihar

Car Loans from ICICI Bank through Avyud Consultancy are extremely convenient, flexible and quick. We at Avyud Consultancy offer flexible schemes, attractive interest rates, and quick & hassle-free application process. At the same time, we ensure that the repayment terms are equally convenient for you. Avyud Consultancy facilitates Car Loans from ICICI Bank up to 100% of on-road price of the car, With attractive interest rates and tenure up to 7 years.





EMI Calculator

₹ 

500000

36

 months

10

 %

Monthly EMI

₹ 

₹ 32,124.56

Total Interest

₹ 

10,622.78

Principal Amount

₹ 

500000

Payable Amount

₹ 

160,622.78

Created with Highcharts 4.1.3 EMI Calculator Loan : 93.4 % Interest : 6.6 %
Pay
No.		 Begining Balance EMI Principal Interest Ending Balance
1 150000.00 32124.56 28637.06 3487.50 121362.94
2 121362.94 32124.56 29302.87 2821.69 92060.07
3 92060.07 32124.56 29984.16 2140.40 62075.91
4 62075.91 32124.56 30681.30 1443.26 31394.61
5 31394.61 32124.56 31394.64 729.92 -0.03

ICICI Bank Car Loan Important Information

ICICI Bank also offers pre-owned car loans. With faster processing, ICICI Bank Pre-Owned Car Loans makes it possible to own a wide range of certified/pre-owned cars with ease


  • Insta Car Loan customers can avail loan up to 80% of the offer amount

  • Loan tenure can be up to 5 years

  • You get attractive interest rate

  • easy documentation



Eligibility Criteria for ICICI Bank Car Loan

  • Age Criteria: 25 Years to 58 Years

  • Income Criteria: Gross annual income of at least Rs. 2.50 lakhs.

  • Stability: Total employment stability should be more than 2 years and current employment stability of minimum 1 year.





Documents Required for ICICI Bank Car Loan

  • Application form

  • KYC

  • Photographs

  • Identity Proof

  • Address Proof

  • Age Proof

  • Bank Statements

  • Signature Verification

  • Income Proof

  • Latest Salary Slip / Form 16

  • Income Tax returns of 2 previous financial years along with complete financial/audit report.

  • Income Tax Returns of 2 previous financial years.

  • Other Documentation

  • Business Stability proof / Ownership proof

  • Employment Stability Proof

  • Partnership deed and Letter signed by all partners authorising one partner Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association





Fees & Charges for ICICI Bank Car Loan

  • Non Refundable Loan Processing Fees

  • Entry /C: 4,000/-

  • Mid Lower/ B: 5,000/-

  • Mid Upper / B+: 7,000/-

  • Premium /A: 7,500/-

  • Luxury / A+: 9,000/-

  • 2% of loan amount or 20,000 whichever is lower

  • Documentation Charges: 650 + GST

  • Registration Certificate Collection Charges: 550 + GST

  • Stamp Duty: Actuals

  • Prepayment Charges: 5% on principal outstanding or interest outstanding for unexpired period of loan (whichever is lower)




FAQ for ICICI Bank Car Loan

    What is the maximum loan amount and tenure for a pre-approved Vehichle Loan?

    The maximum loan amount and tenure will depend on the offer available. You can avail a lower loan amount or tenure as per the cost of the car. You will get a loan of up to 100% of the on-road price of the car, if it is within the offer amount limit.

    Can I foreclose or prepay my Vehichle Loan?

    ICICI Bank charges a prepayment fee of 5% on the outstanding principal amount and Goods and Services Tax will be levied as applicable on the prepayment charges.

    How can I get my Non-Banking PDC or Security PDC?

    In case the applicant desires: to receive post-dated checks and/or security post-dated checks that remain unbanked at the end of the loan tenure/change in repayment mode; or details of such non-banking post dated checks and/or security post dated cheques, the applicant/s will have to request for the same within thirty days from the date of closure of the loan/change in repayment mode. If this is not done, ICICI Bank will have the discretion/responsibility to destroy the non-banking post dated checks including security post dated checks without notice and ICICI Bank will have no obligation to return the same to the applicant.

    How do I repay the Vehichle Loan?

    The loan can be repaid through post dated check drawn on ICICI Bank Ltd. Alternatively, if you have a bank account with ICICI Bank, you can issue a direct debit order to your existing ICICI Bank account or can also opt for ECS option for repayment. ,