ICICI Bank Car Loan in Hyderabad

About ICICI Bank Car Loan in Hyderabad

ICICI bank offers the people in the city of pearls, Hyderabad various products and services. A car loan is provided to interested applicants who wish to buy a car. An applicant has to fulfill the require eligibility criteria in order to get funds from the bank. ICICI bank has opened up more than 50 branches here in Hyderabad to ensure smooth flow of the product to the customers.

ICICI Bank Car loan Hyderabad at a glance

The important details of ICICI Bank Car Loan Hyderabad 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 Hyderabad 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 Hyderabad

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 Hyderabad for more information.

Address of ICICI Bank Branches in Hyderabad

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

BranchAddressIFSCMICRContact details
Khairatabad6 - 2 - 1012, Tgv Mansions, Opp. Institution Of Engineers, Khairatabad, Hyderabad. 500004 TelanganaICIC000000850022900204044455000/ 04033667777
Indian School of Business ExtensionIndian School Of Business, ISB Campus, Gachibowli, Hyderabad 500019 TelanganaICIC000004050022900304044455000/ 04033667777
Habsiguda7 - 102/5 & 12, Ground Floor, Sai Enclave, Ajay Chambers, Uppal Road, Habsiguda, Hyderabad. 500007 TelanganaICIC000006950022900504044455000/ 04033667777
Sanjeeva Reddy Nagar7 - 1 - 621/B1 - B6, Ground Floor, Amir Chambers, Main Road, Sanjeeva Reddy Nagar, Hyderabad. 500038 Telangana ICIC000007550022900604044455000/ 04033667777
Jubilee HillsPlot No - 1259, Road No. 36, Jubilee Hills, Hyderabad - 500033 TelanganaICIC000007650022900704044455000/ 04033667777
Begumpet1St Floor, East Wing, 1 - 11 - 256, Street No 1, Begumpet, Hyderabad. 500016 TelanganaICIC000018350022901204044455000/ 04033667777
Panjagutta4th Nerella House, Panjagutta, Hyderabad, Telangana. 500082 ICIC000020250022901304044455000/ 04033667777
Charminar22 - 8 - 290/291, Nayapul Road, Charminar Hyderabad 500002 TelanganaICIC000024250022901504044455000/ 04033667777
Dilsukhnagar2 - 42/1 To 8, G.B.R Towers Chaitanyapuri, Dilsukhnagar Hyderabad 500060 TelanganaICIC000024350022901404044455000/ 04033667777
AS Rao NagarPlot No. 10, G - Block, Laxmi Towers, Dr. AS Rao Nagar, Hyderabad 500062 TelanganaICIC000024450022901704044455000/ 04033667777
Mehdipatnam12 - 2 - 823/A/4/1&2, Gottipati Towers, Main Road, Mehdipatnam, Hyderabad 500028 TelanganaICIC000024550022901604044455000/ 04033667777
Banjara Hills514, Road No.12, Banjara Hills, Hyderabad - 500034 , Andhra Pradesh 500034 ICIC000038250022902004044455000/ 04033667777

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