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Eligibility Criteria for Privilege Banking Customers
| Particulars | Salaried Individual | Self-Employed Individual | Partnership Firm | Private / Public Ltd Co |
|---|---|---|---|---|
| Age Criteria* | The applicant should be above 25 years old at the time of application, and upto 58 years of age at the time of maturity of the loan. | Any proprietor, partner, professional or director above 28 years but below 65 years at the time of the loan maturity. | - | Limited companies should have been in existence for at least 3 years. |
| Income Criteria* | Gross annual income of at least Rs. 2.50 lakhs. | Gross annual income of at least Rs. 2.00 lakhs. | Firm should have a minimum PAT (profit after tax) of Rs. 2.00 lakhs. | Minimum PAT (profit after tax) of Rs. 2.00 lakhs. |
| Stability | The total employment stability should be more than 2 years and current employment stability of minimum 1 year. | Business stability should be more than 3 years. | Business stability should be more than 3 years. | Business stability should be more than 3 years. |
* Conditions apply
Documentation
- 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.
- Salaried individuals
- Documents supporting customer information
Identity Proof, Signature Proof and Address Proofs 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.
