ICICI Bank Car Loan in New Delhi

About ICICI Bank Car Loan in New Delhi

New Delhi is the capital of India and has attracted many people from all over the nation because it is the main centre point of employment and education in India. The city has the best roads and flyovers in the entire country which are long and broad. Imagine driving your own car on the spacious Mahatma Gandhi road or Lodhi road. The feeling would be so great right. In case, you don’t have your own car you can buy one with the help of a car loan product offered by ICICI bank. The bank has set up more than 50 branches here in New Delhi.

ICICI Bank Car loan New Delhi at a glance

The important details of ICICI Bank Car Loan New Delhi 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 New Delhi 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 New Delhi

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 you can check out Car Loan New Delhi.

Address of ICICI Bank Branches in New Delhi

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

BranchAddressIFSCMICRContact details
Connaught Place9A, Phelps Building, Inner Circle, Connaught Place, New Delhi 110001 ICIC000000711022900201133667777 / 01144455000
Greater kailashW - 57.Greater Kailash , Part - I, New Delhi 110048ICIC000002911022900401133667777 / 01144455000
Preet ViharSincere Towers Iv, Community Centre, Preet Vihar, Delhi 110092 ICIC000003711022900601133667777 / 01144455000
New Friends ColonyPlot No.13, Community Centre, New Friends Colony, New Delhi 110065 ICIC000004611022900701133667777 / 01144455000
Vasant ViharC - 17, Local Shopping Centre, Paschimi Marg, Vasant Vihar, New Delhi. 110057 ICIC000006511022900801133667777 / 01144455000
Green Park H/2, Green Park Extension, New Delhi 110016 ICIC000007111022900901133667777 / 01144455000
JanakpuriMahatta Towers, 54, B - Block, Community Centre, Janakpuri, New Delhi 110058 ICIC000008711022901101133667777 / 01144455000
PitampuraPlot No. 5, Savitri Market, D P Block, L S C, Pitampura, New Delhi. 110034 ICIC000015411022901201133667777 / 01144455000
Punjabi Bagh19 & 20 Central Market, West Avenue Road, Punjabi Bagh, New Delhi 110026 ICIC000015511022901301133667777 / 01144455000
Model TownH - 2, Model Town - III, New Delhi 110009 ICIC000016011022902901133667777 / 01144455000
Panchsheel ParkN - 138, Panchsheel Park, New Delhi 110017 ICIC000022411022903201133667777 / 01144455000
Delhi UniversityUtility Centre, 1St Floor, University Main Gate, University Road, Delhi University, North Campus, Delhi 110007ICIC000022711022903301133667777 / 01144455000

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