ICICI Bank Car Loan in Mumbai

About ICICI Bank Car Loan in Mumbai

Mumbai is the city of dreams and the financial capital of India. It is like a dream come true when you buy your own car in Mumbai. Imagine the feeling of driving a stylish car on the roads in Bandra or Andheri East. The feeling will be so special, right? ICICI bank gives full support to such dreams. It offers a car loan to the customer based in Mumbai. The bank has a special connection with Mumbai as the bank’s journey began in the same city itself. It has therefore opened up more than 200 branches in the capital of Maharashtra.

ICICI Bank Car loan Mumbai at a glance

The important details of ICICI Bank Car Loan Mumbai 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 Mumbai 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 Mumbai

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

For more information go through Car Loan Mumbai.

Address of ICICI Bank Branches in Mumbai

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

BranchAddressIFSCMICRContact details
Nariman Point215, Free Press House, Free Press Marg, Nariman point, Mumbai, Maharashtra 400021ICIC000000440022900202233667777 / 02244455000
Andheri WestSagar Avenue, Ground Floor, Opp. Shoppers Stop, S.V. Road, Andheri West, Mumbai. 400058 Maharashtra ICIC000001140022900302233667777 / 02244455000
BorivaliAbhilasha - 1, Punjabi Lane, Borivali (W), Mumbai. 400092 Maharashtra ICIC000001840022900502233667777 / 02244455000
PowaiGalleria Shopping Mall, Hiranandani Gardens, Powai, Mumbai 400076 MaharashtraICIC000002040022900402233667777 / 02244455000
GhatkoparKailash Plaza, Final Plot 355, Vallabh Baug Lane, Opp. Odeon Cinema, Ghatkopar East, Mumbai-400077 MaharashtraICIC000002640022900902233667777 / 02244455000
Dadar167 - C, Poonawadi, Dr. Ambedkar Road, Dadar, Mumbai-400014 MaharashtraICIC000003240022901002233667777 / 02244455000
BandraPlot No.206 - 221, Krystal Bldg, Waterfield Road, Bandra(West), Mumbai 400050 MaharashtraICIC000003840022901202233667777 / 02244455000
PrabhadeviGr. Flr., Kala Academy, Ravindra Natya Mandir, Prabhadevi, Mumbai 400028 Maharashtra ICIC000005740022901302233667777 / 02244455000
VashiGround Floor, Arti, Shivaji Chowk, Sector 2, Vashi, Navi Mumbai. 400703 MaharashtraICIC000015140022901502233667777 / 02244455000
MaladShivam Shopping Centre, S.V.Road, Opp. New Era Cinema, Malad (W), Mumbai. 400064 MaharashtraICIC000015840022901702233667777 / 02244455000
SantacruzGround Floor, Indraprastha, Opposite Premnarayan Indra Narayan Chowk, Linking Road, Santacruz West, Mumbai 400054 MaharashtraICIC000020940022902302233667777 / 02244455000
Vile Parle RoadKadamgiri Complex, Hanuman Road, Vile Parle East, Mumbai. 400057 MaharashtraICIC000021140022902502233667777 / 02244455000

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