Car Loan Interest Rate effective from April 03, 2014
Car Loans | ||||
| Tenure of credit facility | Up to 23 months | 24-35 months | 36-84 months | Processing fee |
| Type of credit facility | Rate of interest | |||
| New Car Loans | 12.75% to 15.00% | 12.25% to 14.50% | 10.75% 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 | ||
Notes:
- Specific interest rate applicable to a customer would be dependent on segment, asset category and location.
- Stamp duty charges shall be extra as applicable.
- Additional documentation charges of Rs.350/- applicable.
- ICICI Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion.