Factors affecting your Car Loan Amount

Car Loans  from  ICICI  Bank are extremely  convenient, flexible and quick. With more  than 1800  channel  partners in over 1000 locations,  
we reach out  to  millions  of  customers  and  help  them  realise  their dream  of possessing a car.

We offer Car Loans  for new  as well as  used cars as  per your  need. We offer a  minimum of Rs. 75,000  for a used car  and Rs. 1,00,000 for
a new car. Higher car loan amounts are also disbursed according to the model of the car.

Car Loans | Car Overdraft


Car Loans

New car

	We finance upto 95% of the ex-showroom cost of the car.
	The Loan amount also depends on the car model. Higher loan amounts are available under specific enhanced income eligibility criteria.
	Minimum loan amount for new car Loan is Rs.1 lac.

Used car

	For a used car, we finance up to a maximum of 90% of the valuation of the car
	Minimum loan amount for a used car loan is Rs. 75000/-

Top

Loan Enhancement

	To enhance your loan amount, the certified income of the co-applicant can be considered, if requested by the applicant.
	The co-applicant can be the spouse or son/daughter living in the same city.
	Similarly, in case of a partnership firm or a limited company one of the partners or a director can be taken a co-applicant / guarantor for increasing the loan amount
	However, in both cases, the asset has to be registered in the name of a single owner, not joint ownership.

Car Overdraft

A maximum overdraft facility of upto 90% of the value of the car may be availed subject to the above limits ( Car value is determined through a valuation )

Top