ICICI Bank Car Loan in Chandigarh

About ICICI Bank Car Loan in Chandigarh

ICICI bank has a product to meet every need of the people of Chandigarh. It has never disappointed any customer and has designed various products to meet the needs. The bank provides a car loan to the customer who is based in the city at a convenient rate of interest and easy monthly EMIs. It has opened more than 15 branches here so that the product is delivered to the customer when needed the most.

ICICI Bank Car loan Chandigarh at a glance

The important details of ICICI Bank Car Loan Chandigarh 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 Chanidgarh 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 Chandigarh

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 Chandigarh for more information.

Address of ICICI Bank Branches in Chandigarh

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

BranchAddressIFSCMICRContact details
Chandigarh Sector- 9DSco 9 - 10 - 11, Sector 9 - D. Chandigarh 160017 ICIC000001316022900101723366777/01724445500
ManimajraSco - 36, Pocket - 1, Manimajra, Chandigarh 160101 ICIC000036216022900601723366777/01724445500
Sector - 34/ASco - 218 - 219, Sector - 34/A, Chandigarh, Punjab 160022 ICIC000040316022900701723366777/01724445500
Sector 38 DSec 38D, SCO 319, Chandigarh, 160036ICIC000078216022901001723366777/01724445500
Sector 28 DSector 28/D, SCO 145, Chandigarh, 160028ICIC000096416022901101723366777/01724445500
Sector 46 CSector 46C, SCO-82, Chandigarh, 160047ICIC000108416022901601723366777/01724445500
Sector 35 CSector SCO 485-486, 35C, Sector 35, Chandigarh, 160022ICIC000632216022900401723366777/01724445500
Sector 17 BSco 99 - 100, Ground Floor, Sector 17 B, Chandigarh - 160017ICIC000134316022902101723366777/01724445500
Sector 19 CSector 19C, SCO 23, Chandigarh, 160019ICIC000134016022902201723366777/01724445500
Sector 26Sector 26, Madhya Marg, Showroom No 45, Chandigarh, 160026ICIC000134216022902001723366777/01724445500
Sector 17 CSector 17/C, SCO-127/128, Chandigarh, 160017ICIC000659116022902401723366777/01724445500
Sector 32 Sector 32 C-D, SCO 70-71, Chandigarh, 160031ICIC000181316022903001723366777/01724445500

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