ICICI Bank offers new car loans with fixed interest rate. Interest rate on the car loan will remain fixed during the tenure of the loan.

Car Loan Interest Rates (effective from Jan 01, 2016):

Tenure of credit facility Up to 23 months 24-35 months 36-84 months

Type of credit facility Rate of interest

New Car Loans 12.75% 12.25% 10.75%

Used Car Loans 15.50% 15.50% 15.50%


Documents Required:

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 authorizing one partner
Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association