ICICI Bank Car Loan in Bengaluru

About ICICI Bank Car Loan in Bengaluru

It is like a dream come true when you buy your own car. After all, buying a car is an investment of a lifetime. ICICI bank gives hope to the dreams of people in Bengaluru who wish to buy a car of their choice by offering a car loan. The product can be availed by both self-employed people and salaried employees based in the city. ICICI bank has opened up more than 100 branches in the Silicon Valley of India so that needs are met on time.

ICICI Bank Car loan Bengaluru at a glance

The important details of ICICI Bank Car Loan Bengaluru have been given below.

ParticularDetails
Interest rate10.75% - 15.50%
Loan amountFor New Cars

Min amount : Lesser than ₹2,50,000

Max. amount : upto ₹ 10,00,000

For Pre-owned Cars: up to 80% on the valuation of the car.
TenureNew Cars: Upto 7 years

Pre-owned Cars: Upto 5 years
Processing feeNew Cars : ₹ 2,500 to ₹ 5,000

Pre-Owned Cars: 2% of loan amount or ₹6,000 whichever is lower
Pre-payment charge5% on principal outstanding or interest outstanding for unexpired period of loan (whichever is lower)

Eligibility criteria

The eligibility norms for an ICICI Bank Car Loan Bengaluru have been mentioned below. An applicant can only avail a loan from the bank if he/she is able to meet the said criteria.

For a salaried employee

  • The applicant should be between the age group of 23 to 58 years. It means he/she should be at least 23 years old whenever the loan is applied
  • The applicant should earn an annual income of at least ₹ 2,50,000
  • The employment stability should be more than two years
  • The applicant should be working with the current employer for a minimum period of one year

For a self-employed professional

  • The applicant should fall between the age bracket of 28 to 65 years old. It means he/she should have attained the age of 28 whenever the loan is applied. The loan has to be fully repaid by the time the applicant turns 65 years
  • The annual income of the applicant should be at least ₹ 2 Lakhs
  • The business should be stable for period of over three years

For a self-employed non-professional

  • The business should be stable for period of over three years
  • The Profit after Tax (PAT) should be at least ₹ 2 Lakhs

In case of Limited Companies, the Profit after Tax (PAT) should be at least ₹ 2 Lakhs and they must be existing for a period of at least three years.

Documents needed for ICICI Bank Car Loan Bengaluru

An applicant who wishes to successfully avail a car loan from the bank has to complete the process of documentation on time. The list of important documents for every category has been given below. Check it out.

For a salaried employee

  • Completely filled application form
  • Proof of Age- Birth certificate/ PAN card/  High school marksheet/ Passport
  • Proof of Identity- Aadhar card/ Passport/ Voter ID card/ Driving License/ PAN card
  • Photographs of passport size
  • Verification of the applicant’s signature- Passport/ Driving License/ PAN card
  • Proof of Address- Ration card/ Passport/ Telephone bill/ Electricity bill/ Rent agreement/ Water bill
  • Proof of Employment stability
  • Bank statement of the last six months
  • Proof of Income- Latest salary slip of the previous three months and Form 16

For a self-employed professional

  • Completely filled application form
  • Proof of Identity- Aadhar card/ Passport/ Voter ID card/ Driving License/ PAN card
  • Photographs of passport size
  • Proof of Age- Birth certificate/ PAN card/  High school marksheet/ Passport
  • Verification of the applicant’s signature- Passport/ Driving License/ PAN card
  • Proof of Address- Ration card/ Passport/ Telephone bill/ Electricity bill/ Rent agreement/ Water bill
  • Proof of Business stability
  • Bank statement of the last six months
  • Proof of Income- Income tax returns of the last three years

For a self-employed non-professional

  • Completely filled application form
  • Proof of Identity- Aadhar card/ Passport/ Voter ID card/ Driving License/ PAN card
  • Proof of Age- Birth certificate/ PAN card/  High school marksheet/ Passport
  • Proof of Ownership
  • Verification of the applicant’s signature- Passport/ Driving License/ PAN card
  • Proof of Address- Ration card/ Passport/ Telephone bill/ Electricity bill/ Rent agreement/ Water bill
  • Proof of Business stability
  • Proof of Income- Income Tax returns of the past two years and Profit & Loss account and Balance Sheet which is duly audited
  • Bank statement of the last six months
  • In case of partnership firms- Partnership deed along with a letter which has to be duly signed by all the available partners, thereby giving authority to one partner
  • In case of companies and societies- Memorandum and Articles of Association plus a Resolution by the board of directors

For additional details, you can always refer to Car Loan Bengaluru.

Address of ICICI Bank Branches in Bengaluru

The list of ICICI Bank branches in Bengaluru has been given below along with their addresses, IFSC & MICR details and contact numbers.

BranchAddressIFSCMICRContact details
MG Road Commissariat Road, 1 Floor, Ground Floor, Bengaluru, Karnataka 560025ICIC000000256022900208033667777 / 08044455000
Koramangala80 Feet Road,
No.5, 7th Block, Koramangala, Bengaluru, Karnataka, 560095
ICIC000004756022900308033667777 / 08044455000
JayanagarElephant Rock Road, No 807, 3rd Block, Jayanagar, Bengaluru, Karnataka 560011ICIC000005356022900408033667777 / 08044455000
Malleshwaram47, 5th Cross Road, Vyalikaval, Yellappa Garden, Malleshwaram West, Bengaluru, Karnataka 560003ICIC000007856022900508033667777 / 08044455000
BidadiPlot No. CA 2P1, Bidadi Industrial Area, Near Toyota Kirloskar Motor Limited, Ramanagaram Taluk, Bangalore Rural District, Bidadi, Karnataka 562109ICIC000008456022900608033667777 / 08044455000
VijaynagarNo.1740, 17Th Cross, Vijayanagar, Bengaluru Karnataka 560040 ICIC000015956022901008033667777 / 08044455000
IndiranagarCMH Road, No 515, MPS Tower, Indiranagar, Bengaluru, Karnataka 560038ICIC000016956022901308033667777 / 08044455000
RT NagarNo.5, P & T Colony, R.T.Nagar Main Road, R T Nagar, Bengaluru, Karnataka 560094ICIC000020456022901408033667777 / 08044455000
Cox town Coles Road,
No 55, Frazer Town, Bangalore, Karnataka, 560005
ICIC000025256022901708033667777 / 08044455000
Langford Road20, Langford Road, Bheemanna Garden, Shanti Nagar, Bengaluru, Karnataka 560027ICIC000026956022901808033667777 / 08044455000
Rajaji Nagar1693/A/32, Doctor Rajkumar Road, Prakash Nagar, Rajaji Nagar, Bengaluru, Karnataka 560021ICIC000029656022902308033667777 / 08044455000
Avenue Road1st Cross, K G Road Extension, No 11, Opposite Menaka Theatre, Bengaluru, Karnataka 560009ICIC000035956022902608033667777 / 08044455000

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