ICICI Bank Car Loan in Kochi

About ICICI Bank Car Loan in Kochi

ICICI bank is one of the well known private sector banks in India that offers various loans in the city of Kochi. The bank offers a car loan to suitable applicants in Kochi who dream of buying a car. the product is very much in demand due to its easy monthly EMIs and repayment term period. ICICI bank has set up more than 10 branches here in Kochi to deliver the same.

ICICI Bank Car loan Kochi at a glance

The important details of ICICI Bank Car Loan Kochi 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 Kochi 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 Kochi

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 at Car Loan Kochi.

Address of ICICI Bank Branches in Kochi

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

BranchAddressIFSCMICRContact details
Mahatma Gandhi RoadEmgee Square, M.G.Road, Ernakulam, Kochi. 682035 KeralaICIC00000106822290029020667777
KadavantharaAdonai Towers, S.A Road, Kadavanthara Po, Kochi - 682016 KeralaICIC00002776822290049020667777
PalarivattomModus Building, S.N Junction, Palarivattom, Kochi - 682037, KeralaICIC00010296822290089020667777
EdappallyB M Complex, Edappally, Ernakulam, Kochi Kerala 682024ICIC00062646822290039020667777
ThoppumpadyAmbal Building, Near Gammon Bridge, Thoppumpady, Kochi - 682006, Ernakulam Dist., Kerala.ICIC00016916822290109020667777
Willingdon IslandOld Dlb Building, Willingdon Island, Kochi - 682 009.KeralaICIC00011646822290169020667777
ChembumukkuPalackal Building, Chembumukku, Kakkanad, Kochi - 682030, Ernakulam Dist., Kerala.ICIC00011636822290149020667777
Ravi PuramTeepeyem Tower, Opp. Shipyard, Ravi Puram, Kochi - 682020, Ernakulam Dist., Kerala.ICIC00011626822290139020667777
KaloorNaduparambil House, Kaloor - Kadavanthra Road, Kaloor, Kochi - 682017, Ernakulam Dist., Kerala.ICIC00011616822290129020667777
KalamasseryWard - 3, Door No.284 & 285, Rajagiri Road, Kalamassery, Kochi - 683104, Ernakulam Dist., Kerala.ICIC00011596822290119020667777
ElamakkaraBroadways Arcade, Punnakkal Jun, Elamakkara, Kochi - 682026, Ernakulam Dist., KeralaICIC00011606822290179020667777
VyttilaParekkattil Towers, Opposite Welcare Hospital, Vyttila , Ernakulam - 682019, Ernakulam Dist., Kerala.ICIC00011106822290209020667777

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