Loan
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Car Loan
How to Get a Car Loan Processed for a Used Cars
2 mins Read | 5 Months Ago
ICICI Bank Used Car Loan is provided against purchase of a second-hand car or loan is provided against any car which is more than 30 days old (basis invoice). A customer can Apply Online by providing asset details and complete the application.
Here are the steps to apply online:
Ten things to look while buying used car
- Look carefully at the car’s exterior and interior
- Go for test drive
- Perform leak test
- Have a mechanic inspect it
- Read reviews on the make and model
- Figure out a fair purchase price
- Decode and review vehicle history report
- Consider looking at certified pre-owned vehicles
- Take your time to help avoid buyer’s remorse
How to refinance your car:
The refinance option can be availed of provided your existing car is not hypothecated to any: Financial institution or has hypothecated but nil outstanding. ICICI Bank also provides Maxx Refinance Option to get loan up to 140% of car valuation
Apply online for refinance:
- Check eligibility by providing eligibility criteria and vehicle asset age details of existing car
- Complete application
- Upload document.
Car Loan Top-up
Availing of Top-up loan on existing Car Loan is easier. Please ensure to have good repayment track record for existing car loan to get hassle-free disbursal. Top-up can be utilised for personal needs like business development, wedding, personal engagements.
Apply online for Topup:
- Check eligibility by providing eligibility criteria and existing Car Loan details
- Provide vehicle asset age details
- View ‘Offer for you’ and ‘Accept Offer’
- Complete application
- Upload document.