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  Car Loan Interest Rate

Loans & Advances - Indicative lending rates updated on January 09, 2014  

Car Loans 

Tenure of credit

facility 

Up to 18

months 19-35 months  36-84 months 

Processing fee Type of credit

facility Rate of interest 

New Car Loans 12.50% to

14.75%

12.00% to

14.25%

10.50% to

12.50%

Loan amount less than Rs.

0.25 mn = Rs. 2,500

Rs. 0.25 to Rs. 0.39 mn = Rs.

3,500

Rs. 0.40 to Rs. 0.49 mn = Rs.

4,000

Rs. 0.50 to Rs. 0.99 mn = Rs.

4,200

Equal to and more than

Rs.1.00 mn = Rs. 5,000

Type of credit

facility Rate of interest  Processing fee 

Used Car Loans  13.75% to 17.00%Rs. 6,000 OR 2% of loan

amount, which ever is lower

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.

Documents supporting customer information :

Identity Proof, Signature Proof,Recent passport size colour photograph and Address Proof as perICICI Bank  norms (Our representative will help you choose suitable documents).

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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.

Car Loan Eligibility criteria

With ICICI Bank  Car Loans, you can avail of car loans as per your needs.

Particulars Salaried Individual  Self-Employed

IndividualPartnership 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. 

Home Loan 

Personal Banking >> Loans >> Home Loan >> Interest Rates 

Special Interest Rate for Home Loans:- (

w.e.f February 4, 2014)

Home Loan Interest Rates - Applicable for Home loan qualifying as priority sector

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lending* 

ICICI Bank floating rate: 

Category  Effective Rate of Interest 

HL <= Rs. 1.5 million/Rs 2.5 million 10.15%

Notes:The offer is valid for sanctions till February 28, 2014

Home Loan Interest Rates 

ICICI Bank floating rate: 

Category  Effective Rate of Interest  Rate 

HL <= Rs. 7.5 million 10.25% I-Base + 0.25%

HL > Rs. 7.5 million 10.50% to 11.25% I-Base + 0.50% to 1.25%

Notes: The offer is valid for sanctions till February 28, 2014

ICICI Bank Fixed Rate 

One year & Two year (s) fixed rate: 

Ticket size slabFixed rate for first 12/24

months

Floating rate pricing fromsecond & third year

onwards (from 13th/25th

month)

HL <= Rs. 7.5 million 10.25% I-Base + 0.25%

HL > Rs. 7.5 million <= Rs.30.0 million

10.50% I-Base + 0.50%

HL > Rs. 30.0 million <=

Rs. 50.0 million10.50% to 11.00% I-Base + 0.50% to 1.00%

Notes: The offer is valid for sanctions till February 28, 2014

ICICI Bank Renewable Fixed Rates 

2 year Initial Fixed Interest Rate- Rate applicable for initial period  

Ticket size slab Initial Fixed Interest Rate- Renewable Fixed Rates -

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Rate applicable for initial period

Fixed at each renewal

HL <= Rs. 7.5 million 10.25% I-Base + 0.25%

HL > Rs. 7.5 million <= Rs.

30.0 million 10.50% I-Base + 0.50%

HL > Rs. 30.0 million <=

Rs. 50.0 million10.50% to 11.00%

I-Base + 0.50% to 1.00%

Documents required for the Sanctioning of Home Loan 

Getting a home loan from ICICI Bank is easy and quick. In our endeavor to make the process convenient, we try to keep the paperwork and other formalities to a minimum.

Proof of your identity, address and income are some of the key documents that are

required to be submitted for ICICI Bank  home loan. 

If you are an existing customer, you can now enjoy the benefit of reduced

documentation for Home Loan. To know more click here. 

Documents Salaried

Self

Employed

Professional

Self

Employed Non

Professional

Application form with photograph duly

signed

Identity, residence and age proof

Last 6 months bank statements

Last 3 months Salary-slips

Processing fee cheque

Form 16 / Income Tax Returns

Proof of business existence

Business profile

Education qualification certificate and

 proof of business existence

Last 3 years Income Tax Returns withcomputation of Income

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Loan Against Gold and Gold Ornaments

ICICI Bank presents “Loan Against Gold and Gold Ornaments”, designed to provide liquidity

against gold and gold ornaments without having to sell them.

This product is ideal to meet agriculture and allied agriculture requirements like cultivation,dairy, poultry, fishery, etc. Gold coin and Gold ornaments lying idle can be put to productive use by availing Loan Against Gold and Gold Ornaments.

The ICICI Bank Edge 

  Hassle-free quick processing of loans.

  Simplified paperwork.

  Easy payment options.

  Attractive interest rate & LTV.

  Loan amount ranging from Rs. 10,000 to Rs.15,00,000.

So what are you waiting for?

Just walk into any of the select ICICI Bank branches offering this product and get a loan.

Rates & Fees

  Interest rate for agricultural advances is 13% p.a.

  Interest rate for allied agricultural advances is 14% p.a.

  Interest rate for non agricultural advances is 16.5% p.a.

  Processing fees, as applicable (currently at 1% of sanction limit), is payable at the time ofsanction of facility.

  In the case of default in repayment, penal interest (as the case may be) will be charged at

the rate of 6% per annum over and above the normal rate of interest.

Loans & Advances - Indicative Lending Rates

updated on June 6th, 2012 

Last 3 years CA Certified / Audited

Balance Sheet and Profit & LossAccount

Notes: 

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Retail Loans 

Type of Credit Facility 

Interest Rate 

Processing Fee* Agriculture 

Allied

Agricultural Non

Agriculture 

Loan Against Gold Ornaments &

Gold Coins 

13% 14% 16.5%1% of sanctioned

amount

Documentation

  2 passport size photographs

  Proof of Identity

  Proof of Address

  Proof of land holding in case of agriculture loan of more than Rs. 1 lac.

Construction Equipment Loans

Other Loans 

We provide extended products like funding of new equipments, refinance option on existing

equipment etc. 

We have a range of services on existing loans as well; listed below.

Construction Equipment Loans

  Reaches you through more than 120 locations across the country

  Range of products under one umbrella.

  Funding for excavators, backhoe loaders, cranes, higher end construction equipments etc.

  Products include funding for new and used equipments.

 

Catering to wide variety of equipments required by mine owners, road contractors and builders.

  Simple documentation processes.

  Quick turn around time.

  Flexible financing solutions to meet individual requirements.

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 Construction Loan - Interest Rates

Loans & Advances - Indicative lending rates updated on January 09, 2014  

Construction Equipment Loans 

Type of credit facility  Rate of interest  Processing fee 

Construction Equipment Loans  11.75% to 14.50% 0.25% of gross loan amount

Commercial Vehicle Loans

Other Loans 

We have extended products like funding of new vehicles, finance on used vehicles, top up on

existing loans, working capital loans & other banking products.

We have a range of services on existing loans,as are listed below.

Commercial Loan - Interest Rates

Loans & Advances - Indicative lending rates updated on January 09, 2014  

Commercial Vehicle Loans 

Type of credit facility  Rate of interest  Processing fee Commercial Vehicle Loans  11.50% to 16.50% 0.50% of gross loan amount

Histery

ICICI Limited was formed in 1955 through efforts by the World Bank, the Government of Indiaand important members of the Indian industry. Our experience spans a vast range of financial

services, including banking, broking, mutual funds, insurance, loans and venture funds. ICICI

Group is one of India’s largest providers of consumer credit and private sector life and general

insurance. Also, ICICI Bank has grown to become India's second largest bank, providinginnovative banking services to over 30 million customers worldwide. It is the first bank in India

to provide online services. It is also the first bank in Asia (excluding Japan) to get listed on the

 New York Stock Exchange (NYSE).

Apart from India, ICICI Bank has a presence in Bahrain, Bangladesh, Belgium, Canada, China,

Germany, Hong Kong, Indonesia, Malaysia, Qatar, Russia, Singapore, South Africa, Sri Lanka,Thailand, UAE, UK and USA.

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At ICICI Bank Private Banking, we focus on you and your needs. We always try to understand

and meet them.

Our philosophy is based on the tenets of trust, agility and innovation. We work with your best

interests at heart. We give you financial solutions that suit you and your needs, so that you canmeet your aims for the future.

Trust 

We understand that your needs and aims are unique. We treat your financial needs as our ownand help you reach your goals.

Agility 

We have the capability to respond quickly and efficiently to market opportunities. Ourexperience enables us to offer you the most suitable financial solutions with the best possible

 benefits. Giving you excellent value, is both our hallmark and tradition.

Innovation 

We believe that the cornerstone of success in today’s competitive environment is Innovation. Weseek newer opportunities constantly, to fulfill your emerging needs and wants.

Loans

ICICI Bank offers wide variety of Loans Products to suit your requirements.Coupled with

convenience of networked branches/ ATMs and facility of E-channels like Internet and MobileBanking, ICICI Bank brings banking at your doorstep. Select any of our loan product and

 provide your details online and our representative will contact you for getting loans.Home Loans 

The No. 1 Home Loans Provider in the country, ICICI Bank Home Loans offers someunbeatable benefits to its customers - Doorstep Service, Simplified Documentation and Guidance

throughout the Process. It's really easy !

About Home Loans  Apply Online .........................................................

Personal Loans 

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If you're looking for a personal loan that's easy to get, your search ends here. ICICI Bank

Personal Loans are easy to get and absolutely hassle free. With minimum documentation you can

now secure a loan for an amount upto Rs. 15 lakhs.

About Personal Loans Apply Online .........................................................

Commercial Vehicle Loans We have extended products like funding of new vehicles, finance on used vehicles, top up onexisting loans, working capital loans & other banking products.

About Commercial Vehicle Loans 

.........................................................

Car Loans 

The most preferred financier for car loans in the country. Network of more than 1000 channel

 partners in over 1700 locations. Tie-ups with all leading automobile manufacturers to ensure the best deals. Flexible schemes & quick processing. Hassle-free application process on the click of

a mouse.

About Car Loans  Apply Online .........................................................

Loans against Securities 

You don't have to sell your securities. All you have to do is pledge your securities in favour of

ICICI Bank. We will then grant you an overdraft facility up to a value determined on the basis ofthe securities pledged by you.

About Loans against Securities 

.........................................................