ICICI Bank Car Loan in Indore

About ICICI Bank Car Loan in Indore

If you are looking to buy a car in Indore but don’t have sufficient funds, then you won’t have to worry anymore. ICICI bank offers a car loan in Indore to eligible loan seekers at an affordable fixed rate of interest. It offers the best repayment tenure to the customer so that he/she doesn’t face any problem in repaying the loan amount. ICICI bank has opened up more than 20 branches here in Indore for hassle free disbursal of the products.

ICICI Bank Car loan Indore at a glance

The important details of ICICI Bank Car Loan Indore 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 Indore 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 Indore

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

Have a look at Car Loan Indore for more information.

Address of ICICI Bank Branches in Indore

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

BranchAddressIFSCMICRContact details
Mahatma Gandhi RoadLaxmi Towers, 576, M.G.Road, Indore 452001 Madhya PradeshICIC00000414522290029098667777
Ashok Nagar4, Ashok Nagar, Near Sapna Sangeeta - Indore 452001 Madhya PradeshICIC00002414522290039098667777
HardaSardar Vallabh Bhai Patel Ward, Indore Road Survey Number 141/1, 141/3, Harda, Madhya Pradesh 461331ICIC00007614612291019098667777
Ratlam KothiSwastik House, 21/3 - Ratlam Kothi, Indore Madhya Pradesh 452005ICIC00009164522290049098667777
Rajwada19 P Y Road, Rajwada Indore, 452004 Madhya PradeshICIC00009454522290069098667777
Usha Nagar282, Usha Nagar, Annapurna Main Road, Indore. 452009 Madhya PradeshICIC00009464522290059098667777
New PalasiaPlot No. 2/1, Krishna Tower, Opp Curewell Hospital, New Palasia, Indore - 452001, Indore Dist., Madhya Pradesh.ICIC00014414522290079098667777
Mahatma Gandhi RoadShop No: 286, Mahatma Gandhi Road, Gorakund Square, Gorakund, Maharaja Tukoji Rao Holker Cloth Market, Indore, Madhya Pradesh 452002ICIC00065694522290099098667777
Patel Nagar64 - A, Sapna - Sangeeta Road, Patel Nagar, Indore - 452001 Madhya PradeshICIC00065714522290119098667777
Rajmohalla C.M.Vaishnav Bal Mandir, Girls Higher Secondary School, 177, Jawahar Marg, Indore - 452002 Madhya PradeshICIC00065724522290149098667777
Saket NagarPlot No. 51 - E/B, Saket Nagar, Indore - 452001 Madhya PradeshICIC00065734522290129098667777

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