ICICI Bank Car Loans In India

ICICI Bank, being one of the top banks in India, through its vast network offers Car Loans that are hassle-free comes with quick processing of loans with minimal documentation.
Two kinds of car loans are available with the bank:

1. New Car Loans

ICICI Bank finance upto 95% of the ex-showroom cost of the car. The Loan amount also depends on the car model. Higher loan amounts are available under specific enhanced income eligibility criteria. Minimum loan amount for new car Loan is Rs.1 lakh.

2. Used car Loans

For a used car, we finance up to a maximum of 90% of the valuation of the car Minimum loan amount for a used car loan is Rs.75000/-

Main Features of ICICI Car loans

An Overdraft facility - An Overdraft limit / Cash up to 90% of the assessed value of your vehicle.
Interest Charged only on utilization - Interest is charged only on the amount utilized and the time period utilized for. In case of non - utilization of the funds no interest will be charged.
Flexible Repayment - No fixed Equated Monthly Installments, every month pay only minimum 5% of the total utilization of the overdraft facility.

For further details such as eligibility conditions, loan amount, service charges, documentation and application process, repayment and online application of ICICI Bank Car Loans, please follow the link:
http://icicibank.com/Pfsuser/loans/carloans/alhomepage.htm