ICICI Bank Car Loan in Jammu
Last Updated : April 4, 2017, 5:14 p.m.
About ICICI Bank Car Loan in Jammu
A person in Jammu can now think about buying his/her own car as ICICI bank is offering a car loan. The product can be used to buy any passenger car for a tenure ranging up to seven years. ICICI bank has helped many people in Jammu in realizing their dreams. The product can be easily availed if you are able to meet the required norms of eligibility. The bank has opened up seven branches in the beautiful city of Jammu.
ICICI Bank Car loan Jammu at a glance
The important details of ICICI Bank Car Loan Jammu 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 Jammu 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 Jammu
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
Know more by reading Car Loan Jammu .
Address of ICICI Bank Branches in Jammu
The list of ICICI Bank branches in Jammu has been given below along with their addresses, IFSC & MICR details and contact numbers.
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| Residency Road | Kc Plaza, Residency Road, Jammu 180001 Jammu & Kashmir | ICIC0000266 | 180229001 | 9018667777 |
| Talab Tillo | Adjoining Uno Lane, Opp. Sportking, Talab Tillo, Jammu, Jammu and Kashmir 180002 | ICIC0002471 | 180229008 | 9018667777 |
| Link Road | Amar Bhawan, First Floor 95, Link Road, Purani Mandi, Jammu - 180001 Jammu & Kashmir | ICIC0006945 | 180229005 | 9018667777 |
| Janipur | Wood Glow Factory, Basant Nagar, Janipur, Jammu - 180007, Jammu & Kashmir | ICIC0001847 | 180229006 | 9018667777 |
| RS Pura | Opposite Skuast Gate, Main Road, RS Pura - 181102, Jammu Dist., Jammu & Kashmir | ICIC0002646 | 180229007 | 9018667777 |
| Sainik Colony | 204/1Bs 204 Bs Sector B Main Highway, Sainik Colony, Jammu 180011, Jammu Kashmir. | ICIC0003392 | 180229012 | 9018667777 |
| Channi Himmat | Rudra Complex, Main Road, Sector-2 Channi Himmat, Jammu, Jammu and Kashmir 180015 | ICIC0002470 | 180229015 | 9018667777 |