ICICI Bank Car Loan [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]



ICICI Bank Car Loan

About ICICI Bank : The ICICI Bank (Industrial Credit and Investment Corporation of India) is a leading Indian multinational bank and financial services company. It was founded in 1994. The bank consists of a wide network of branches across the globe and ATMs functioning in 17 countries. It is known for launching its Internet Banking operations in 1998. 

Headquarter: The ICICI Bank was established as a wholly-owned financial institution in 1994 at Vadodara, which is its headquarters

Number of employees: ICICI bank has 97,354 employees currently across all of its branches in 17 countries. Girish Chandra Chaturvedi is the chairperson of the bank. It has Sandeep Bakhshi as its current chief executive officer and managing director.

Number of Branches & ATM: The bank totally has 5,275 branches, including all the subsidiaries and 15,589 ATMs functioning currently.

Car Loan [Rate of Interest] : 7.90% Per Annum

Loan Amount : Up to Rs. 50 Lakh

Maximum Tenure : 7 Years [New Cars] & 5 Years [Old Cars]

Processing Fee : Rs. 2500-5000 [For New Cars] & 2% of the loan amount [For Old Cars]

Prepayment Charges : 5% of principal outstanding + GST

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