ICICI Bank Car Loan in Bhubaneswar
Last Updated : May 20, 2017, 3:52 p.m.
About ICICI Bank Car Loan in Bhubaneswar
Nothing can match the feeling of owning a car of your dreams. Many people in Bhubaneswar want to buy a car which they can drive on the roads of the city. ICICI bank offers a car loan to suitable loan seekers so that their wishes can turn into reality. It has set up about ten branches in the city for proper disbursal of all the products it offers. The product has the best repayment tenure in the banking sector.
ICICI Bank Car loan Bhubaneswar at a glance
The important details of ICICI Bank Car Loan Bhubaneswar have been given below.
| Particular | Details |
|---|---|
| Interest rate | 7.90% Onwards |
| Loan amount | For 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. |
| Tenure | New Cars: Upto 7 years Pre-owned Cars: Upto 5 years |
| Processing fee | New Cars : ₹ 2,500 to ₹ 5,000 Pre-Owned Cars: 2% of loan amount or ₹6,000 whichever is lower |
| Pre-payment charge | 5% 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 Bhubaneswar 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 Bhubaneswar
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
Check out Car Loan Bhubaneswar for more information.
Address of ICICI Bank Branches in Bhubaneswar
The list of ICICI Bank branches in Bhubaneswar has been given below along with their addresses, IFSC & MICR details and contact numbers.
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| Bhubaneswar | Occf Building, Opp Sriya Talkies, Unit - III, Bhubaneswar 751001 Odisha | ICIC0000061 | 751229002 | 6743366777 |
| Nayapalli | A - 103, Miknik Shopping Mall, Ground Floor, Nayapalli, Bhubaneswar 751012 Odisha | ICIC0000284 | 751229003 | 6743366777 |
| Infosys Technologies | Infosys Technologies Ltd., Plot No .E/4, Infocity, P.O. Patia, Chandaka, Bhubaneshwar - 751024 Odisha | ICIC0000918 | 751229004 | 6743366777 |
| Cuttack Road | Pattnaik Garage, Cuttack Road, Bhubaneshwar - 751006, District - Khurda, Orissa. | ICIC0001500 | 751229006 | 6743366777 |
| Chandrasekharpur | Plot No.26, Dist Centre, Chandrasekharpur, Bhubaneswar, Orissa 751016 | ICIC0001499 | 751229007 | 6743366777 |
| Ashok Nagar | 41/A, Ashok Nagar, Janpath, Bhubaneswar - 751009 (Orissa) | ICIC0006586 | 751229008 | 6743366777 |
| Surya Nagar | The Bamra Manor, Plot No. 109, Gopabandhu Square, Surya Nagar, Bhubaneshwar - 751003, Orissa | ICIC0001970 | 751229010 | 6743366777 |
| Khandagiri Branch | Khandagiri Branch , Plot No -669 , Main Road Jagamara Khandagiri Bhubaneswar Odisha , Pin-751030 | ICIC0001971 | 751229011 | 6743366777 |
| Sahidnagar | B/53, Sahid Nagar, Bhubaneswar - 751007, Odisha | ICIC0002423 | 751229013 | 6743366777 |
| Jaydev Vihar | Hig-4, Jaydev Vihar, Bhubaneswar-751013, Odisha | ICIC0002424 | 751229012 | 6743366777 |
