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Interest Rate

8.6% - 8.95% Per Annum

Processing Fee

0.25% ( Upto Rs. 11,800)

Tenure Range

1-5 years

Fees & Charges:

  • Preclosure Fee - NIL 
  • Prepayment Fee - 6% (Till 1 year), 5% (1-2 years) and 3% (After 2 years)


  • Nationality - Indian 
  • Age - 23-70 Years 
  • Should be self-employed/partnership/companies ( at least for 1 year)

Features & Benefits:

  • Service at your door-step 
  • Enjoy Part-payment facility
  • Customers can enjoy E-approval 
  • Avail Top-up loan facility 
  • Easily balance transfer
  • No need for the guarantor

Address Proof:

Identity Proof:

  • Aadhaar Card/ Passport/ PAN Card/ Voter ID Card

Address Proof:

  • Aadhaar Card/ Passport/ Driving License/ electricity, phone bills

Income Proof:

  • Last 2 years IT returns 
  • Income computation certificates by CA for last 2 years 
  • Bank statement for last 6 months

Short Description:

ICICI Used Car Loan is full-fledged loan giving you various benefits like door-step services, easy balance transfer, instant loan approval and no guarantor needed.

Bank Description:

ICICI Bank was started in 1994 and has emerged as  India's largest private sector bank. It offers a wide range of financial services and banking products to retail as well as the corporate customers. ICICI Bank Used Car Loan comes with various perks like top-up loan facility, instant loan approval, door-step services and easy balance transfer.