Buying a vehicle, and getting an auto loan to facilitate the purchase, can be the first significant financial commitment that many people make. It can be exciting to have your own transport and be liberated from crowded trains and buses, waiting times, and unpredictable schedules! Buying your own vehicle can give you an exhilarating sense of freedom but is also accompanied by some natural concerns for the buyers – how to find the best auto loans.

About ICICI Bank:

ICICI Bank is a major private financial services company headquartered in Mumbai. It is the second largest bank in terms of assets and third in terms of market capitalisation. The bank offers a wide range of financial services for corporate and retail customers. The bank has a network of 4850 branches and over 14,000 ATMs across India.

ICICI transformed its business from a development financial institution to a diversified financial group in 1990. Since then, it offers a wide range of products and services both directly and through number of subsidiaries and affiliates.

Two-Wheeler Loans with ICICI Bank

Following are the features of the ICICI Bank two-wheeler loan.

  • Tenure up to 4 years

  • Competitive interest rate

  • Up to 100% financing on the ex-showroom price of the vehicle

  • Less processing charges

  • Loan up to 10 lakhs on select two-wheeler models

  • Hassle-free application process and quick disbursal

ICICI Bank Two-Wheeler Loan Interest Rate

The minimum interest rate offered by the bank is 11% and the maximum is 26.9%. However, the bank has the right to revise the interest rate from time to time at its own discretion. The interest rate is determined based on the following criteria.

  • Customer profile

  • Customer relationship

  • Loan tenure

  • Customer track record

Documents Required to Avail a Two-Wheeler Loan from ICICI Bank

  • Passport size photographs

  • Identity proof - Passport / Voters ID / Driving License/ PAN Card / Aadhaar Card

  • Address proof - Passport / Voters ID / Driving License / Aadhaar Card

  • Age proof - Passport / Birth Certificate / Driving License / SSLC or AISSE Certificate

  • Bank Statement and payslip of last 3 three months

  • Income tax return of last 2 years for self-employed

Apply Through CreditMantri for ICICI Two-Wheeler Loan

Two-wheelers have become a necessity and it is most convenient way of conveyance for our everyday life. If you are planning to buy a two-wheeler, this is the right time to get one.

CreditMantri pre-screens your application to make sure you are likely to get a good rate of interest on the loan and your chances of approval is higher with us.