ICICI Bank is at the forefront of instant car lending banks. The bank offers 100% financing facility on vehicle on-road price.
More and more people are using internet services in recent times. Demand for this specialty has grown significantly as a result of recent corporate scandals. All types of loans are also being applied for online. As a result, home-based borrowers are applying for a loan online. Almost all the big banks are offering this option to the customers. However, even if you apply for a loan online, the loan is entirely dependent on the client’s credit score. It is possible to get an auto loan based on credit history. In addition, if the credit score is high, the loan can be approved quickly and you can receive a low interest loan. ICICI Bank is at the forefront of instant car lending banks. The bank offers 100% financing facility on vehicle on-road price. If you are already an ICICI customer, you can qualify for a car loan in advance and get a loan quickly. The maximum loan amount required depends on the borrower’s profile, car price, car model, etc. ICICI customers and non-customers can also apply for the loan, the company said.
How to apply for ICICI Car Loan .. -First you need to open the official website portal of the bank. -If you are already an ICICI Bank customer, you need to login and click on the Apply Online option. -Non-users need to click on the Apply Online option without logging in. -Click on the Car Loans option under the Apply Online option and a new page will open. -Fill in all the details on that page and as a borrower you have to fill the form to get the customized car loan quote from the bank immediately.-Customers who already have an account with the bank .. After logging in, fill in the personal details on the form.
Before selecting the borrower type of loan in the form .. New Car Loan, Used Car Loan, Auto Loan Top-up, Refinance, Balance Transfer and other options should be selected.
-After selecting the loan type, the vehicle dealer, vehicle price, work information, residency stability, etc. must be provided. Check for eligibility.
-Then you will be offered the maximum loan amount that can be approved for you along with the maximum maturity option depending on the car manufacturer and model.
It should be noted that the ex-showroom price depends on the location of the car. Additionally if you want to increase your loan amount or for an extension of time you should visit the ICICI Bank branch.
-After selecting the preferred loan amount and term, click on the Apply Now option.
-Then the bank .. will show you the quoted price for the specific vehicle at that location.
-In order to continue as a borrower, you must include your personal details, address and employer details.
-Then you need to upload your signature, certification documents, employment, continuation document, address documents, identity card, bank statement, income documents, age proof etc.
-Click the submit button to finalize the loan after uploading all the documents.
– Upload all the documents that go to the Credit Manager for Credit Guarantee to complete the full application.
-Then the credit manager formally approves and sends the application to the digital RM and notifies the borrower.
