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Car Loan Interest Rate

Loans & Advances - Indicative lending rates updated on January 09, 2014 Car Loans Tenure of credit facility Type of credit facility Up to 18 months 19-35 months 36-84 months Processing fee Rate of interest Loan amount less than Rs. 0.25 mn = Rs. 2,500 Rs. 0.25 to Rs. 0.39 mn = Rs. 3,500 New Car Loans 12.50% to 14.75% 12.00% to 14.25% 10.50% to 12.50% Rs. 0.40 to Rs. 0.49 mn = Rs. 4,000 Rs. 0.50 to Rs. 0.99 mn = Rs. 4,200 Equal to and more than Rs.1.00 mn = Rs. 5,000

Type of credit facility Used Car Loans

Rate of interest 13.75% to 17.00%

Processing fee Rs. 6,000 OR 2% of loan amount, which ever is lower

Income proof: Salaried individuals : Latest Salary Slip and 2 years Form 16/ Income tax returns. Self-Employed individuals: Income Tax Returns of 2 previous financial years. Partnership Firms, Societies & Companies : Income Tax returns of 2 previous financial years along with complete financial/audit report. Documents supporting customer information : Identity Proof, Signature Proof,Recent passport size colour photograph and Address Proof as per ICICI Bank norms (Our representative will help you choose suitable documents).

Other documents: Partnership Firms: Partnership deed and Letter signed by all partners authorising one partner to execute the required Car Loans documentation. Societies and Companies: Resolution by Board of Directors (or such managing body) & Memorandum & Articles of Association (or Society/Trust deed). Our representative will help you with the formats of documents and the information required.

Car Loan Eligibility criteria

With ICICI Bank Car Loans, you can avail of car loans as per your needs.

Particulars Salaried Individual Age Criteria*

Self-Employed Individual

Private / Public Partnership Firm Ltd Co Limited companies should have been in existence for at least 3 years.

The applicant should be Any proprietor, partner, above 25 years old at the professional or director time of application, and above 28 years but below upto 58 years of age at the 65 years at the time of time of maturity of the loan. the loan maturity. Gross annual income of at least Rs. 2.50 lakhs.

Income Criteria*

Gross annual income of at Firm should have a Minimum PAT minimum PAT (profit after tax) least Rs. 2.00 lakhs. (profit after tax) of of Rs. 2.00 lakhs. Rs. 2.00 lakhs. Business stability should Business stability should be more be more than 3 years. than 3 years. Business stability should be more than 3 years.

Stability

The total employment stability should be more than 2 years and current employment stability of minimum 1 year.

Home Loan Personal Banking >> Loans >> Home Loan >> Interest Rates

Special Interest Rate for Home Loans:- ( w.e.f February 4, 2014)


Home Loan Interest Rates - Applicable for Home loan qualifying as priority sector

lending* ICICI Bank floating rate: Category HL <= Rs. 1.5 million/Rs 2.5 million Effective Rate of Interest 10.15%

Notes: The offer is valid for sanctions till February 28, 2014

Home Loan Interest Rates ICICI Bank floating rate: Category HL <= Rs. 7.5 million HL > Rs. 7.5 million Effective Rate of Interest 10.25% 10.50% to 11.25% Rate I-Base + 0.25% I-Base + 0.50% to 1.25%

Notes: The offer is valid for sanctions till February 28, 2014

ICICI Bank Fixed Rate One year & Two year (s) fixed rate: Ticket size slab Fixed rate for first 12/24 months 10.25% 10.50% 10.50% to 11.00% Floating rate pricing from second & third year onwards (from 13th/25th month) I-Base + 0.25% I-Base + 0.50% I-Base + 0.50% to 1.00%

HL <= Rs. 7.5 million HL > Rs. 7.5 million <= Rs. 30.0 million HL > Rs. 30.0 million <= Rs. 50.0 million

Notes: The offer is valid for sanctions till February 28, 2014 ICICI Bank Renewable Fixed Rates 2 year Initial Fixed Interest Rate- Rate applicable for initial period Ticket size slab Initial Fixed Interest RateRenewable Fixed Rates -

Rate applicable for initial period HL <= Rs. 7.5 million HL > Rs. 7.5 million <= Rs. 30.0 million HL > Rs. 30.0 million <= Rs. 50.0 million 10.25% 10.50% 10.50% to 11.00%

Fixed at each renewal I-Base + 0.25% I-Base + 0.50% I-Base + 0.50% to 1.00%

Documents required for the Sanctioning of Home Loan Getting a home loan from ICICI Bank is easy and quick. In our endeavor to make the process convenient, we try to keep the paperwork and other formalities to a minimum. Proof of your identity, address and income are some of the key documents that are required to be submitted for ICICI Bank home loan. If you are an existing customer, you can now enjoy the benefit of reduced documentation for Home Loan. To know more click here. Self Employed Professional Self Employed Non Professional

Documents

Salaried

Application form with photograph duly signed Identity, residence and age proof Last 6 months bank statements Last 3 months Salary-slips Processing fee cheque Form 16 / Income Tax Returns Proof of business existence Business profile Education qualification certificate and proof of business existence Last 3 years Income Tax Returns with computation of Income

Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Notes: Loan Against Gold and Gold Ornaments ICICI Bank presents Loan Against Gold and Gold Ornaments, designed to provide liquidity against gold and gold ornaments without having to sell them. This product is ideal to meet agriculture and allied agriculture requirements like cultivation, dairy, poultry, fishery, etc. Gold coin and Gold ornaments lying idle can be put to productive use by availing Loan Against Gold and Gold Ornaments.

The ICICI Bank Edge


Hassle-free quick processing of loans. Simplified paperwork. Easy payment options. Attractive interest rate & LTV. Loan amount ranging from Rs. 10,000 to Rs.15,00,000.

So what are you waiting for? Just walk into any of the select ICICI Bank branches offering this product and get a loan.

Rates & Fees


Interest rate for agricultural advances is 13% p.a. Interest rate for allied agricultural advances is 14% p.a. Interest rate for non agricultural advances is 16.5% p.a. Processing fees, as applicable (currently at 1% of sanction limit), is payable at the time of sanction of facility. In the case of default in repayment, penal interest (as the case may be) will be charged at the rate of 6% per annum over and above the normal rate of interest.

Loans & Advances - Indicative Lending Rates updated on June 6th, 2012

Retail Loans Interest Rate Type of Credit Facility Allied Non Processing Fee* Agriculture Agricultural Agriculture 1% of sanctioned Loan Against Gold Ornaments & 13% 14% 16.5% amount Gold Coins

Documentation

2 passport size photographs Proof of Identity Proof of Address Proof of land holding in case of agriculture loan of more than Rs. 1 lac.

Construction Equipment Loans


Other Loans We provide extended products like funding of new equipments, refinance option on existing equipment etc.

We have a range of services on existing loans as well; listed below.

Construction Equipment Loans


Reaches you through more than 120 locations across the country Range of products under one umbrella. Funding for excavators, backhoe loaders, cranes, higher end construction equipments etc. Products include funding for new and used equipments. Catering to wide variety of equipments required by mine owners, road contractors and builders. Simple documentation processes. Quick turn around time. Flexible financing solutions to meet individual requirements.

Construction Loan - Interest Rates


Loans & Advances - Indicative lending rates updated on January 09, 2014 Construction Equipment Loans Type of credit facility Construction Equipment Loans Rate of interest 11.75% to 14.50% Processing fee 0.25% of gross loan amount

Commercial Vehicle Loans


Other Loans

We have extended products like funding of new vehicles, finance on used vehicles, top up on existing loans, working capital loans & other banking products.

We have a range of services on existing loans,as are listed below.

Commercial Loan - Interest Rates


Loans & Advances - Indicative lending rates updated on January 09, 2014 Commercial Vehicle Loans Type of credit facility Commercial Vehicle Loans Rate of interest 11.50% to 16.50% Processing fee 0.50% of gross loan amount

Histery
ICICI Limited was formed in 1955 through efforts by the World Bank, the Government of India and important members of the Indian industry. Our experience spans a vast range of financial services, including banking, broking, mutual funds, insurance, loans and venture funds. ICICI Group is one of Indias largest providers of consumer credit and private sector life and general insurance. Also, ICICI Bank has grown to become India's second largest bank, providing innovative banking services to over 30 million customers worldwide. It is the first bank in India to provide online services. It is also the first bank in Asia (excluding Japan) to get listed on the New York Stock Exchange (NYSE). Apart from India, ICICI Bank has a presence in Bahrain, Bangladesh, Belgium, Canada, China, Germany, Hong Kong, Indonesia, Malaysia, Qatar, Russia, Singapore, South Africa, Sri Lanka, Thailand, UAE, UK and USA.

At ICICI Bank Private Banking, we focus on you and your needs. We always try to understand and meet them. Our philosophy is based on the tenets of trust, agility and innovation. We work with your best interests at heart. We give you financial solutions that suit you and your needs, so that you can meet your aims for the future.

Trust We understand that your needs and aims are unique. We treat your financial needs as our own and help you reach your goals.

Agility We have the capability to respond quickly and efficiently to market opportunities. Our experience enables us to offer you the most suitable financial solutions with the best possible benefits. Giving you excellent value, is both our hallmark and tradition.

Innovation We believe that the cornerstone of success in todays competitive environment is Innovation. We seek newer opportunities constantly, to fulfill your emerging needs and wants.

Loans
ICICI Bank offers wide variety of Loans Products to suit your requirements.Coupled with convenience of networked branches/ ATMs and facility of E-channels like Internet and Mobile Banking, ICICI Bank brings banking at your doorstep. Select any of our loan product and provide your details online and our representative will contact you for getting loans. Home Loans The No. 1 Home Loans Provider in the country, ICICI Bank Home Loans offers some unbeatable benefits to its customers - Doorstep Service, Simplified Documentation and Guidance throughout the Process. It's really easy ! About Home Loans Apply Online ......................................................... Personal Loans

If you're looking for a personal loan that's easy to get, your search ends here. ICICI Bank Personal Loans are easy to get and absolutely hassle free. With minimum documentation you can now secure a loan for an amount upto Rs. 15 lakhs. About Personal Loans Apply Online ......................................................... Commercial Vehicle Loans We have extended products like funding of new vehicles, finance on used vehicles, top up on existing loans, working capital loans & other banking products. About Commercial Vehicle Loans ......................................................... Car Loans The most preferred financier for car loans in the country. Network of more than 1000 channel partners in over 1700 locations. Tie-ups with all leading automobile manufacturers to ensure the best deals. Flexible schemes & quick processing. Hassle-free application process on the click of a mouse. About Car Loans Apply Online ......................................................... Loans against Securities You don't have to sell your securities. All you have to do is pledge your securities in favour of ICICI Bank. We will then grant you an overdraft facility up to a value determined on the basis of the securities pledged by you. About Loans against Securities .........................................................