Pre-approved offers, documentation upload, and EMI schedules.
ICICI partners with many dealers to fast-track disbursals.
Model EMI with interest & processing fees included.
Underwriting for used cars depends on condition & valuation reports.
Bundling can reduce upfront cost and documentation time.
Important for used car underwriting to avoid repo risk.
Transfer down payment or future EMIs cheaply.
Track EMI, outstanding balance & get NOC when closed.
Used by lenders to accept vehicles as collateral.
ICICI auto loan customer support for documentation and closure queries.
Salaried: last 3 months payslips, employer details, 3–6 months bank statements. Self-employed: ITRs for 2 years, business bank statements. NRIs: passport, visa/residence proof, overseas income proofs, NRE/NRO account details. For used cars, inspection, RC and transferability checks are required.
Car loan rates are typically lower than unsecured personal loans and often have discounts for salaried employees with salary account held at ICICI. Tenor commonly 12–84 months depending on loan size and vehicle age (used cars usually shorter tenor).
ICICI’s pre-approved and dealer tie-up routes make car loan processes quick for existing customers. NRIs should prepare remittance and tax documents in advance for smooth disbursal.