ICICI Bank Loans
India’s second largest bank with about 614 branches and extension counters, ICICI bank offers a wide range of services ranging from investment banking, life and non life insurance, venture capital and asset management .ICICI offers a variety of loans which are suited to match different requirements.
Home Loans
These loans are offered at attractive rates of interest with amounts starting from 2 lakhs with a tenure pt 20 years. The other benefits offered are free personal accident insurance, insurance options for one’s home at an attractive premium and special 100% funding for select properties. The bank also gives the option of selecting a loan that would suit one’s needs the most. So one could choose from an adjustable rate home loan, fixed rate home loan, part fixed floating rate home loan, smart fix home loan, money saver home loan as well as balance transfer of one’s existing home loan from other banks. ICICI also disburses land loans, office premises loans, home improvement loans, and home loans for NRI’s. It is also possible to leverage one’s existing property and get a loan against property, property overdraft or lease rental discounting and all of these are available on an adjustable rate or a fixed rate.
Personal Loans
Hassle free personal loans with minimal documentation are also given by ICICI for an amount upto 15 lakhs. All that one would need to show would be a salary slip, credit card statement and if one currently paying a loan then one also needs to show proof of the repayment track of that existing loan.
Car Loans
ICICI has a network of nearly 1800 channel partners in over 1000 locations and agreements with all the leading automobile manufacturers so the best deals can be worked out.One needs to hypothecate one’s car in ICICI’ favor who in turn will give
1.An overdraft limit i.e. cash upto 90% of the assessed value of one’s vehicle,
2.Interest will be charged on the amount utilized and the time period utilized for and in case there is no utilization of funds, then no interest will be charged.
3.There will be o fixed EMI’s. One only needs to pay a minimum of 5% of the total utilization of the overdraft facility.
4.One is provided with a roaming current account with the benefits of anywhere banking and nil minimum balance requirement.
5.The customer’s cheques are treated as local cheques at over 100 centres across India.
6.One can transfer funds, access one’s statements and pay one’s bills through internet banking.
Commercial Vehicle Loans
Through these loans one can get funding of new vehicles,refinance on used vehicles, balance transfer on high cost loans,top up on existing loans, working capital loans etc.The range of products includes trucks, buses, tippers, light commercial vehicles; pick ups, three wheelers etc.
Two Wheeler Loans
ICICI provides finance facility upto 90% of the on road cost of the vehicle, repayable in convenient repayment options with tenures ranging from six to 36 months.All models of motorcycles,mopeds, scooterettes and scooters of Hero Honda, Bajaj, Suzuki, Yamaha, Kinetic Honda, and Royal Enfield. The existing customers have the advantage of can avail of the loan on phone facility to get an instant loan over the phone and get their preferred two wheeler in an instant so to speak.
Farm Equipment Loans
ICICI’s s farm equipment loans have flexible repayment options which are suited to the farmer’s seasonal liquidity with monthly, quarterly or half yearly repayment patterns to choose from and payment tenures which can range from one to nine years.