Sanctioning

Loans are sanctioned for all approved assets at locations where ICICI Bank infrastructure is available in the form of Direct Marketing Associates and authorised dealers.

While we generally undertake funding for purchase of a new commercial vehicle, we also do funding for old vehicles.

The loans are generally sanctioned within 24 to 48 hours of submission of complete documents. However, the time taken may vary depending upon the nature of the loan, quantum of funding and location.