ICICI Car Loan Eligibility

ICICI Car Loan: The Most Preferred Financier for Car Loans in India. ICICI Bank offer loans up to 90% of the ex-showroom price of the car. Pleasantly surprise car loan interest rates. Repayment tenure ranges from 1 year to 5 years for new car loans. Know more about Documents, Service charges, Eligibility of ICICI Car Loan. The process for getting a loan involves only a few simple steps and you can apply car loan in simple steps. Pick your choice. Loan on the Strength of Your Income: Submit income proofs as required and avail finance up to 90% of the ex-showroom price of the car.* Car Loans with Fixed Interest Rates: ICICI Bank offers new car loans with fixed rate option only. ICICI Bank tie-ups with India’s leading automobile manufacturers and dealers ensure you get attractive discounts. Documents of ICICI car Loan:- Income proof Salaried individuals – Last 3 month’s salary slip and Form 16/Income tax return of last 2 years. Self-Employed individuals Income Tax Returns of 2 previous financial years. Partnership Firms, Societies & Companies Income Tax returns of 2 previous financial years along with complete financial/audit report. Documents supporting customer information Identity Proof, Signature Proof and Address Proofs as per ICICI Bank norms Partnership Firms Partnership deed and Letter signed by all partners authorising one partner to execute the required Car Loans documentation. Click To know: Service Charges and Loan Processing fees of ICICI car Loan Eligibility Criteria for Car Loan: Particulars Salaried Individual Self-Employed Individual Partnership Firm Private / Public Ltd Co Age Criteria* The applicant should be above 25 years old at the time of application, and upto 58 years of age at the time of maturity of the loan. Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity. Limited companies should have been in existence for at least 3 years. Income Criteria* Gross annual income of at least Rs. 2.50 lakhs. Gross annual income of at least Rs. 2.00 lakhs. Firm should have a minimum PAT (profit after tax) of Rs. 2.00 lakhs. Minimum PAT (profit after tax) of Rs. 2.00 lakhs. Stability The total employment stability should be more than 2 years and current employment stability of minimum 1 year. Business stability should be more than 3 years. Business stability should be more than 3 years. Business stability should be more than 3 years. Factors affecting your Car Loan Amount: Car Loans from ICICI Bank are extremely convenient, flexible and quick. With more than 1,000 channel partners in over 200 locations, we reach out to millions of customers and help them realise their dream of possessing a car. The minimum loan amount for taking a new car loan is Rs. 1,00,000. The maximum loan amount will depend upon the price of the car, model variant, profile of the customer, etc. New car ICICI finance up to 90% of the ex-showroom price of the car. The Loan amount also depends on the car model. Higher loan amounts are available under specific enhanced income eligibility criteria.