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Get a seamless experience to buy your dream car. Buy your dream car today through ICICI Direct Car Loans powered by ICICI Bank.
We offer Lowest rates, tenure upto 7 years and finance upto 100% of the On Road price of your dream car.
As the name suggests, Car Loan is a financing option you can avail to finance your car purchase. You can get a significant loan at competitive interest rates based on your eligibility. You can easily repay the loan amount in Equated Monthly Installments (EMIs) as per your repayment capacity. Furthermore, you can avail loan to finance the purchase of both new and used cars. Apply for a Car Loan with ICICI Direct and tick off the dream of buying a car off your checklist today.
Keep your savings intact – Applying for a loan ensures you do not spend your years of savings on a single purchase. This way you can keep your savings intact to meet other financial goals or use it as a contingency fund in cash crunch situations.
Quick disbursal – You do not have to wait for several days to drive your dream car. Once you have met the loan eligibility criteria and completed the documentation requirement, your loan request will be processed within the shortest possible time frame.
Enjoy repayment flexibility – Another plus point of applying for a Car Loan is repayment flexibility. You do not need to feel burdened to realize your dream of buying a car. You can choose a suitable tenure considering your affordability. Furthermore, you have the option to make pre-payments as well.
The loan can repaid through Post Dated Cheques drawn on ICICI Bank Ltd. Alternately, if you have a Bank account with ICICI Bank, you can issue a direct debit mandate, to your existing ICICI Bank account or even opt for an ECS option for the repayment.
In the case of monthly reducing balance method, the principal gets reduced at the end of every month and the interest is calculated on the outstanding principal at the end of the month.
Pre-approved Auto Loan from ICICI Bank is offered to our existing customers on the basis of the existing relationship with the bank. It is offered to selected customers. Customers having pre-approved offers are eligible for the LOAN AMOUNT (in lacs) and tenure as per the offer available.
You just need to submit one application form along with one recent coloured photograph, KYC documents, Performa Invoice of the car and Disbursement Kit.
Maximum LOAN AMOUNT (in lakhs) and tenure shall depend on the offer available. You can avail of lower LOAN AMOUNT (in lakhs) or tenure as per the cost of car. You will get loan up to 100% of on road price of the car, if the same is within the range of the offer amount.