With the adventof numerous car segments in the Indian market, and the increase in throwaway income of consumers; people look for a car upgrade every two years or so. This has created a huge used-car market in India. More and more banks and independent financial institutions offer used car loans with attractive interest rates.
Overview of ICICI Bank Used Car Loan
Icici bank is a leader in used car loan segment. It is India’s largest private sector bank that was established in 1994 and has since branched out to be one of the biggest private banks in India. ICICI bank two wheeler loans are great offer speedy loan disbursal, superior customer service, minimal documentation, competitive interest rates, and much more!
Why Pick ICICI Bank Used Car Loan?
- Higher Funding – Get upto 80% funding of the total car valuation amount.
- Pre-approved loans for existing customers –Existing ICICI bank customers enjoy pre-approvals and faster loan processing.
- Extended Tenure – Get used car loan for upto 5 years.
- Low Interest Rates – ICICI bank offers a competitive interest rate that starts at 15.50% per annum.
Benefits of Applying ICICI Bank Used Car Loan on Letzbank.com
- Broad Loan Range – Letzbank is a one stop shop for all financial needs. You can choose from a variety of loan offerings at one place without having to visit different bank websites.
- Compare Loans – Easily compare loans offered by different banks with the simple filter tool according to your choices and requirements.
- Service Charge Waiver – Get the service charge waived off that is applicable on all loan applications when you apply for a loan directly at Letzbank website.
- EMI calculator – Calculate your loan EMI with ease with the help of Letzbank’s EMI calculator tool that only needs the loan amount, interest rate and loan tenure to calculate the EMI for you.
- Quick Apply feature – If you are in a hurry or unsure which is the best loan choice for you, rely on Letzbank to help you choose. Simply click on the Quick Apply button and enter a few basic details and a Letzbank representative will contact you.
- Efile IT Returns – Amongst the various services offered by Letzbank, you can file your income tax returns online with a click of a button. As some loans require filing of income tax returns as a mandate, this feature comes in handy.
- Check your Credit Score online – Check your credit score before applying for a loan to know your eligibility and your credit health at Letzbank website.
- Document Locker – Document Locker is a great tool offered by Letzbank that allows you to store your important documents online with utmost security and protection. This is useful when you need to apply for different loans and services on Letzbank and you can easily submit the documents online without much hassle.
ICICI Bank Used Car Loan Eligibility
ICICI bank used car loan is offered to salaried, self-employed individuals and self employed non-individuals.
ICICI Bank Used Car Loan Interest Rates
Get loan upto Rs. 12 crores with an interest rate of 15.50% per annum only at Letzbank with a loan tenure of upto seven years.