Two Wheeler Loan FAQs 

Two - Wheeler finance helps you buy a bike or scooter by borrowing the required amount from ICICI Bank and repaying it in Equated Monthly Instalments (EMIs) over a fixed tenure. ICICI Bank offers funding up to 100% of the on-road price, subject to eligibility, with flexible repayment options and minimal documentation.

ICICI Bank offers different types of Two - Wheeler Loan to suit the varied needs of customers. These include a Standard Two - Wheeler Loan for purchasing new bikes or scooters, an Instant Two - Wheeler Loan with quick digital approval for eligible customers and a Two - Wheeler Loan for Electric Bikes and scooters. These Loan options are designed to provide flexible repayment tenures, minimal documentation and convenient financing for both petrol and electric Two - Wheelers.

The minimum Loan amount is ₹25,000, and you can get financing of up to 100% of the vehicles on-road price, subject to eligibility. The Loan tenure is available for up to 36 months (3 years).

Yes. You can apply digitally, upload your documents and track your application through the ICICI Bank’s website or ICICI Bank’s iMobile app.

The maximum Loan amount can be up to 100% of the Two - Wheeler’s on-road price. The final sanctioned amount depends on eligibility and the Bank’s assessment.

Downpayment reduces the overall Loan amount, which reduces the monthly EMI. EMI depends on the Loan amount, interest rate and tenure. ICICI Bank offers funding of up to 100% of the Two - Wheeler’s on-road price, the amount you choose to finance will affect the EMI you need to pay.

ICICI Bank’s Net Banking or ICICI Bank’s iMobile app

• Contact any of our direct sales agents
• Walk into any of our branches
• Call our 24/7 customer care number 1800 1080.

Yes, a housewife can apply for a Two – Wheeler Loan, subject to meeting the applicable eligibility criteria and document requirements. Loan approval is based on factors such as the applicant’s profile, income assessment, credit evaluation and verification process.

A score of 700+ ensures better approval chances.

Yes. Joint applications help improve Loan eligibility and amount.

Proof of ID, Proof of address, latest salary slips and 3-6 months’ Bank statements.

KYC, proof of address, ITRs, business proof and latest Bank statements.

Yes. All documents can be uploaded digitally through the ICICI Bank’s portal or ICICI Bank’s iMobile app.

ICICI Bank’s in-scope Two - Wheeler Loan pages indicate that income documents may be required for Loan assessment. Salaried applicants may need to submit salary slips and Bank statements, while self-employed applicants may need Bank statements, income tax returns and related financial documents. Final document requirements depend on the applicant profile and the Bank’s checks.

Applicants generally need proof of identity, proof of address, proof of income, proof of purchase and photographs. Additional income documents may be required depending on whether the applicant is salaried or self-employed.

Indian nationals aged between 21 and 65 years can apply for a Two - Wheeler Loan, including both salaried and self-employed individuals. Loan approval also depends on factors such as income profile, creditworthiness and applicable internal criteria.

Credit score can influence the interest rate offered on a Bike Loan. ICICI Bank notes that a high credit score can lead to more favourable interest rates, while a lower score may result in a higher rate, which can affect your EMI.

Salaried applicants may be asked to submit recent salary slips, Bank statements and other income documents. Document requirements can vary depending on the applicant profile and the Bank’s internal checks.

Your repayment behaviour on a Two - Wheeler Loan can affect your credit profile. ICICI Bank notes that delayed or missed payments may affect your CIBIL score, which means timely repayment is important for maintaining a healthier credit record.

ICICI Bank indicates that a CIBIL score of 700+ improves approval chances. Applicants with a low or limited credit history may still be evaluated subject to the Bank’s eligibility criteria, income profile and document verification.

You can get up to 100% of the bikes on-road price financed, subject to eligibility and approval.

Repayment can be done through auto-debit, ECS or e-NACH using Net Banking or a Debit Card.

Yes, you can foreclose or prepay your Two - Wheeler Loan. Nominal charges plus applicable GST are levied on the outstanding principal.

Delayed or missed payments may attract penal charges and can affect your credit score. The consequences of continued default would depend on the Loan agreement and the lender’s recovery process.

To facilitate prepayment of your Two - Wheeler Loan, visit an ICICI Bank branch along with the below mentioned documents to complete the prepayment process:

• Prepayment Statement
• Request letter signed by the Loan applicant
• Bank statement reflecting the clearance of the last instalment
• PAN card
• Vehicle registration certificate (RC book copy)
• Vehicle insurance copy
• Mode of payment can be cheque, demand draft or cash.

Yes. Part-payments reduce your principal balance and help save interest.

Interest is charged only on the outstanding balance, which reduces every month as you make EMI payments.

The current Bike Loan EMI calculator is used to calculate EMI using the Loan amount, interest rate and tenure. For prepayment or foreclosure, nominal charges may apply and you can review Loan servicing options through ICICI Bank.

The Bike Loan interest is calculated based on the principal amount, interest rate and Loan tenure. The interest is calculated using the reducing balance method.

The Two - Wheeler Loan tenure can go up to 36 months. Available tenure options may vary depending on the Loan product, applicant profile and Bank assessment.

You may reduce your EMI amount by choosing a longer Loan tenure. The EMI amount depends on the Loan amount, interest rate and tenure, so adjusting the tenure is a feasible way to alter the EMI amount.

Adjusting the Loan tenure changes the EMI amount. Longer tenures can reduce the EMI, while shorter tenures may increase the EMI and reduce the overall interest outgo.

To calculate EMI for a 12-month Bike Loan, enter the Loan amount, applicable interest rate and 12-month tenure in the Bike Loan EMI calculator. The tool gives an instant estimate based on the details provided.

Before choosing a Bike Loan, review the Loan amount, interest rate, tenure and total repayment obligation. Using a Bike Loan EMI calculator can help you understand estimated monthly repayments and select a repayment option that fits your budget.

The calculator provides an estimate based on the Loan amount, interest rate and tenure entered. Final Loan terms may vary based on the approved rate, Loan amount and applicable charges at the time of processing.

ICICI Bank states that late payments may attract penal charges and can impact your credit score, while a stronger credit profile can support better Loan terms.

It helps you check how much interest you save by paying early. Example: Paying ₹20,000 extra after a year can save ₹2,500-₹3,000 in interest.

It compares your current Loan with new lender offers to check savings after transfer charges.

Yes. Enter Loan amount, interest rate and tenure in the Bike Loan EMI calculator to get instant EMI and interest details.

Yes. The Two - Wheeler Loan eligibility calculator estimates how much you can borrow based on income, expenses and existing EMIs.

The calculator provides a month-wise breakup of principal and interest over your Loan tenure.

Use the calculator to compare both scenarios — longer tenure gives smaller EMIs; lower rate reduces overall interest.

Yes. Add both applicants’ incomes to estimate a higher eligible Loan amount and better EMI affordability.

You can check the EMI for a Loan amount of ₹1 lakh for purchasing bike with a 3-year tenure by entering the required Loan amount, interest rate and tenure in the Bike Loan EMI calculator. The calculator gives instant results based on the details entered and helps you plan your monthly repayment in advance.

A reliable Bike Loan EMI calculator should use the Loan amount, interest rate and tenure to show EMI instantly and help with financial planning. ICICI Bank’s Bike Loan EMI calculator is designed to provide a simple and hassle-free way to estimate Two - Wheeler Loan EMIs online.

To use a Bike Loan EMI calculator on a Bank website, enter the Loan amount, interest rate and Loan tenure. The calculator will show the EMI based on the values entered and help you understand your repayment commitment in advance.

An online Bike Loan EMI calculator estimates EMI based on the Loan amount, interest rate and Loan tenure entered. It is useful for planning your repayments in advance and understanding your likely monthly instalment.

A Bike Loan EMI calculator tool should make EMI estimation simple by using the Loan amount, interest rate and tenure to give instant results. ICICI Bank offers an online Bike Loan EMI calculator for Two - Wheeler Loan planning.

Yes, a Bike Loan EMI calculator is a tool used to calculate the EMI of a Two - Wheeler Loan by using the Loan amount, interest rate and tenure.

Yes. A Bike Loan EMI calculator can help you compare different Loan options by adjusting the Loan amount, interest rate and tenure It shows the impact on your EMI, total interest payable and overall repayment amount, helping you choose the option that best suits your budget and repayment needs.

You can change the Loan tenure and review the EMI shown by the calculator. Longer tenures can reduce EMI, while the Loan amount, interest rate and tenure together determine the final EMI.

You should check whether the calculator uses the Loan amount, interest rate and tenure clearly and helps you estimate EMI for financial planning. ICICI Bank’s Bike Loan EMI calculator offers a simple way to estimate EMI online.

After using a Bike Loan EMI calculator, note the Loan amount, interest rate, tenure and the EMI result shown. These details can help you compare repayment options and plan your finances more effectively.

The mathematical formula used to calculate Bike Loan EMI is [P x R x (1+R)^N] / [(1+R)^N-1], where P is the Loan amount, R is the Loan interest rate and N is the Loan tenure in months.

You can calculate Bike Loan EMI by using an online EMI calculator and entering the Loan amount, interest rate and tenure. This gives an instant estimate and helps you plan repayment before taking a Two - Wheeler Loan.

The Bike Loan EMI calculator determines your monthly payment using the Loan amount, interest rate and Loan tenure in months. It applies the EMI formula to calculate the monthly instalment based on these three inputs.

To use a Bike Loan EMI calculator online, enter the Loan amount, select the interest rate and choose the Loan tenure in months. The calculator will display the EMI, total interest and total payable amount based on the values entered.

For accurate results, enter the correct Loan amount, applicable interest rate and exact repayment tenure in months. The calculator then shows the EMI, total interest and total payable amount based on these inputs.

ICICI Bank offers Electric Two - Wheeler Loan and an Electric Bike Loan EMI calculator section. You can use the calculator by entering the Loan amount, interest rate and tenure for the electric Two - Wheeler you plan to finance.

You can reduce the EMI shown in the calculator by adjusting the Loan tenure. A longer tenure can lower the monthly EMI, while the interest rate offered on the Loan also affects the EMI amount.

A Bike Loan EMI calculator is specifically used to estimate EMI for a Two - Wheeler Loan using the Loan amount, interest rate and tenure. It is intended for planning repayment on a bike or scooter Loan.

A useful Bike Loan EMI calculator should let you enter the Loan amount, interest rate and tenure and should clearly show the EMI, total interest and total payable amount for better planning.

ICICI Bank offers up to 100% of the Two - Wheeler’s on-road price as the maximum Loan amount. If the full eligible amount is financed, you can enter that Loan amount in the calculator to estimate the EMI.

Yes, ICICI Bank offers Loan for electric Two - Wheeler as well. EMI calculator estimates monthly instalments using Loan amount, interest rate and Loan tenure.

A simple Bike Loan EMI calculator should let you enter the Loan amount, interest rate and tenure and show instant results. ICICI Bank’s Two - Wheeler Loan EMI calculator is designed to help users calculate EMI online in a quick and hassle-free way.

To calculate your Bike Loan EMI, you need to enter the Loan amount, Loan tenure and interest rate. These are the key details used by the Bike Loan EMI calculator to show your EMI.

You can calculate your Bike Loan EMI using the Two - Wheeler Loan EMI calculator by entering the Loan amount, Loan tenure and interest rate. A Bike Loan EMI calculator is an online financial tool that lets you calculate the EMI of your Two - Wheeler Loan. The calculation process is hassle-free as you just need to enter the Loan amount, the Loan tenure and the interest rate.

A Bike Loan EMI calculator is an online financial tool that lets you calculate the EMI of your Two - Wheeler Loan. Enter the Loan amount, tenure and interest rate. The calculator instantly gives the EMI result.

EMI is based on Loan parameters, not bike models. Enter the Loan details to get results for any scooter, bike or electric Two – Wheeler.

Interest rates vary depending on customer profile, Loan type and vehicle model.

Yes. Nominal foreclosure or prepayment charges apply on the outstanding amount, plus GST.

Your Bike Loan EMI is calculated using the Loan amount, interest rate and Loan tenure. A change in the interest rate changes the EMI amount, which is why it is helpful to use a Bike Loan EMI calculator before applying.

A processing fee will be applicable depending on the Loan terms. Along with the Loan amount, interest rate and tenure, this fee is an important part of understanding the overall cost of a Bike Loan.

A Bike Loan EMI calculator helps you estimate EMI using the Loan amount, interest rate and tenure. Since longer tenures can increase total interest while reducing EMI, the calculator helps you plan repayments more effectively.

Interest on a Bike Loan is calculated based on the principal amount, interest rate and tenure using the reducing balance method.

The interest on a Two - Wheeler Loan is calculated based on the principal amount, interest rate and tenure using the reducing balance method. EMI estimates can be checked using the Bike Loan EMI calculator by entering these inputs.

ICICI Bank highlights that its Two - Wheeler Loan offering has no hidden charges. Applicants should still review the applicable processing fee, interest rate and any prepayment or foreclosure charges mentioned in the Loan terms.

The borrowers can prepay or foreclose their Two - Wheeler Loan early. Since interest is charged on the outstanding balance, reducing the balance earlier may help lower total interest outgo, subject to applicable prepayment or foreclosure charges.

ICICI Bank offers Two – Wheeler Loans at applicable interest rates, which may vary based on factors such as the Loan amount, repayment tenure and applicant profile. Customers can check the latest interest rates and charges before applying for a Loan.

ICICI Bank indicates that prepayment or foreclosure charges will be applicable depending on the Loan terms. Borrowers should review the latest foreclosure conditions and charges in the Bank’s current Loan schedule before proceeding.

EMI calculator gives EMI estimation only, based on Loan amount, interest rate and Loan tenure. Charges are not included in EMI estimation.

The calculator requires the interest rate along with the Loan amount and tenure to calculate the EMI. For a more accurate estimate, use the applicable interest rate before checking the EMI.The calculator requires the interest rate along with the Loan amount and tenure to calculate the EMI. For a more accurate estimate, use the applicable interest rate before checking the EMI.

When reviewing Two - Wheeler Loan interest rates, compare the applicable rate, processing fee, tenure, repayment flexibility and total Loan cost. These factors affect the final borrowing cost beyond the headline interest rate.

Two - Wheeler Loan interest rate is fixed.

The Bike Loan EMI calculator is based on the Loan amount, Loan tenure and interest rate. Processing fees may apply separately and you should review applicable charges to understand the overall Loan cost.

To get a lower or better Two - Wheeler Loan or Bike Loan interest rate, maintain a good credit score and choose a shorter tenure.

ICICI Bank states that the interest rate for an Electric Two - Wheeler Loan is the same as that of a normal Two - Wheeler Loan.

Two-wheeler Loan interest rates depend on factors such as the Loan amount, tenure and creditworthiness. The final rate is based on the applicable Loan assessment.

The EMI calculator is described as a tool based on Loan amount, interest rate and tenure. Processing fee is a separate Loan charge, so it may affect the overall Loan cost even if it is not part of the EMI formula shown by the calculator.

A processing fee will be applicable depending on the Loan terms. Along with the Loan amount, interest rate and tenure, this fee is an important part of understanding the overall cost of a Bike Loan. A small processing fee (usually 1-2% of the Loan amount) applies.

ICICI Bank offers Two - Wheeler Loan interest rates starting at 10.25% p.a. The final rate depends on factors such as the Loan amount, selected tenure and the creditworthiness of the applicant.

No. Tax benefits are available only if the Two - Wheeler is used for business purposes. There are no tax benefits for personal-use vehicles.

You can contact ICICI Bank through:

• ICICI Bank for a Two - Wheeler Loan Customer Care Number
• ICICI Bank’s iMobile app chat assistant
• Visiting your nearest ICICI Bank branch

A Two - Wheeler Loan is a secured Loan where the vehicle acts as collateral and generally offers lower interest rates. A Personal Loan is unsecured and usually carries higher interest rates.

Yes. You can apply for a Two - Wheeler Loan balance transfer to ICICI Bank, subject to eligibility and Bank policies.

Yes. Valid vehicle insurance is mandatory during Loan tenure as per regulatory requirements.

To understand the total cost of a Bike Loan, consider the Loan amount, interest rate, tenure and applicable charges such as processing fees and other charges. The EMI calculator helps estimate repayments, while Loan charges help you understand the overall borrowing cost.

Along with EMI, you should also review applicable charges and Loan terms. ICICI Bank highlights key Loan features including no hidden charges, helping users better understand the overall borrowing experience.

Your EMI depends on the Loan amount financed, the interest rate and the tenure. If you make a down payment, you can enter the remaining Loan amount in the Bike Loan EMI calculator to estimate the EMI.

Bike Loan EMI generally depends on the Loan amount, interest rate and Loan tenure. When reviewing Loan options, you can compare these factors and use an EMI calculator to estimate your monthly repayment based on the lender’s applicable terms.

Yes, ICICI Bank offers a digital Two - Wheeler Loan journey and allows customers to apply through digital channels such as the website and ICICI Bank’s iMobile app. You can use online Loan tools and digital application options to plan and apply more conveniently.

You can get a Two - Wheeler Loan by checking your eligibility, preparing the required documents and applying through ICICI Bank’s website, Net Banking, ICICI Bank’s iMobile app, branch or dealership. ICICI Bank states that the application process involves filling out the application form and submitting the required documents.

The right Two - Wheeler Loan option can be evaluated by comparing factors such as interest rate, Loan amount, repayment tenure, documentation requirements and digital convenience. ICICI Bank offers financing of up to 100% of the on-road price, flexible repayment terms and minimal documentation for eligible applicants.

The right choice depends on your budget, cash flow and repayment comfort. A Two - Wheeler Loan can help spread the cost through EMIs, while paying full cash avoids borrowing costs. You can compare the Loan amount, interest rate, tenure and total repayment before deciding.

NRI can apply for Two - Wheeler Loan with an Indian co-applicant.

A dedicated Two - Wheeler Loan is designed specifically for buying a bike or scooter and may offer features such as funding up to 100% of the on-road price, convenient EMI repayment options and flexible terms. The better choice depends on your borrowing need, repayment comfort and the total cost of the Loan option available to you.

If you are looking for a faster digital Loan journey, review factors such as online application flow, document requirements, eligibility checks and disbursement process. ICICI Bank highlights a 100% digital Two - Wheeler Loan journey through its digital channels for eligible customers.

Yes, you can apply for a Two - Wheeler Loan at your preferred dealership by connecting with an ICICI Bank representative. Availability may depend on participating dealerships and the applicant’s eligibility.

Before taking a Two – Wheeler Loan, you should review the vehicle insurance requirements, loan terms, applicable charges and the overall cost of borrowing. We recommend checking the latest product terms and conditions to understand the insurance-related requirements applicable to your Loan.

You may reduce the total cost of a Two - Wheeler Loan by maintaining a good credit score, choosing a suitable or shorter tenure, making a higher down payment where applicable and checking the effect of processing or foreclosure charges. ICICI Bank also notes that better credit profile and Loan structuring can help improve Loan terms.

When comparing Two - Wheeler finance options, check the interest rate, Loan amount, tenure, fees, documentation, digital application options and repayment flexibility. ICICI Bank offers funding up to 100% of the on-road price, flexible tenures, minimal documentation and online application options, helping borrowers assess whether the Loan meets their needs.

ICICI Bank may finance up to 100% of the on-road price of the Two - Wheeler, so a separate down payment may not be required, subject to eligibility criteria and Loan approval.

Choose a Two - Wheeler Loan scheme by comparing the interest rate, Loan amount, tenure, fees, documentation requirements and repayment flexibility. ICICI Bank offers competitive interest rates, up to 100% funding of the on-road price, flexible tenures and a digital application process to help customers select a suitable Loan option.

A guarantor may not be required for all Two – Wheeler Loan applications. Loan approval is based on factors such as eligibility, income, credit profile and document verification. The requirement, if any, will be determined during the Loan assessment process.

Two - Wheeler Loan enables you to buy a motorbike or scooter of your choice, subject to eligibility and Loan approval. The Bank also offers up to 100% financing of the on-road price for eligible applicants.

When applying at a dealership or showroom, compare the Loan amount, interest rate, tenure, EMI, fees and documentation requirements before choosing an offer. ICICI Bank also allows customers to apply at the dealership, online or through a branch, giving flexibility in how the Loan is taken.

Yes, both salaried and self-employed individuals with a stable income can apply for a Two - Wheeler Loan. Specific income assessment is part of the Loan eligibility process.

A Bike Loan allows you to buy a motorbike or scooter and pay in equated monthly instalments instead of paying the full cost upfront. EMI planning can help you structure repayment based on your budget.

The maximum Loan amount available is up to 100% of the Two - Wheeler’s on-road price, subject to the lender’s eligibility criteria.

ICICI Bank offers fixed interest rates on Two - Wheeler Loan.

ICICI Bank doesn't offer Loan on second hand bike.

The Two - Wheeler Loan tenure can go up to 36 months. The exact tenure offered may vary depending on the Loan product, applicant profile and Bank assessment.

You can estimate the total cost of a Two - Wheeler Loan by checking the EMI, total payable amount and applicable fees. ICICI Bank’s EMI calculator helps calculate EMI using the Loan amount, interest rate and tenure, and the interest rate page provides the latest fees and charges information.

The Two - Wheeler Loan are available to eligible Indian nationals aged between 21 and 65 years, including salaried and self-employed individuals. Whether a student can apply depends on meeting the Bank’s eligibility and income-related requirements.

Yes. A Two – Wheeler Loan can be used to finance eligible scooters, motorcycles, electric bikes and electric scooters, subject to the lender’s eligibility criteria and Loan approval. Features may include flexible repayment tenures and competitive interest rates.

Yes, both salaried and self-employed Indian nationals aged between 21 and 65 years can apply for a Two - Wheeler Loan, subject to eligibility and applicable credit assessment.

You can apply for an ICICI Bank Two - Wheeler Loan online through the website or ICICI Bank’s ICICI Bank’s iMobile app. ICICI Bank states that applicants can apply digitally, upload documents and complete the process through its digital channels.

When comparing Two - Wheeler Loan options, you can review factors such as interest rate, processing fee, Loan amount, repayment tenure, documentation and service convenience. ICICI Bank states that Loan pricing and approval depend on factors such as credit profile, tenure and Loan amount.

Log in to the ICICI Bank’s iMobile app or ICICI Bank Net Banking → Loans section → View or download statement.

Visit any ICICI Bank branch with valid proof of ID or raise a service request through Net Banking or the ICICI Bank’s iMobile app.

You can check the outstanding Loan balance through Net Banking, the ICICI Bank’s iMobile app, or by contacting customer care.

Yes, you can apply digitally via the ICICI Bank website or ICICI Bank’s iMobile app. ICICI Bank also offers digital Two - Wheeler Loan application process through the ICICI Bank’s iMobile app.

ICICI Bank highlights a digital Two - Wheeler Loan journey through the ICICI Bank’s iMobile app where the application process can be completed quickly. Actual approval and disbursement timelines may depend on eligibility, document verification and the applicant’s profile.

A fast Two - Wheeler Loan process usually depends on digital application convenience, document readiness and eligibility verification. ICICI Bank highlights a 100% digital Two - Wheeler Loan journey through the ICICI Bank’s iMobile app designed for quick application and disbursement, subject to applicable checks.

ICICI Bank highlights a digital Two - Wheeler Loan journey that can be completed quickly, with the application process designed for convenience. Actual approval and disbursement timelines can vary based on eligibility, verification and the applicant’s profile.

Quick approval generally depends on using a digital application route, meeting eligibility criteria and completing any required verification promptly. ICICI Bank highlights a 100% digital Two - Wheeler Loan journey designed for faster application processing.

Yes, a first-time buyer can apply for an ICICI Bank Two - Wheeler Loan if the eligibility criteria are met and the required documents are provided. Both salaried and self-employed individuals can apply and the Bank offers a digital application process with minimal documentation.

You can apply digitally and track your Two - Wheeler Loan application through ICICI Bank’s website or ICICI Bank’s iMobile app. Visit track my Loan application page on ICICI Bank Website.

Changing the tenure changes the EMI amount. A longer tenure can reduce the monthly EMI, while a shorter tenure can increase the EMI.

ICICI Bank highlights an instant approval journey for eligible applicants and a seamless application process with quick processing and minimal documentation.

Two - Wheeler Loan carry applicable interest rates that vary based on Loan amount, tenure and credit profile. Customers should review the current rate and charges before applying.

You can verify the applicable Two - Wheeler Loan rate by reviewing the offered interest rate, processing fee, tenure and other charges shown in the Loan terms. The EMI calculator helps you understand repayment impact using these inputs.

Service requests can be raised through:

• ICICI Bank Net Banking
• ICICI Bank’s iMobile app
• Visiting the nearest branch

Visit any ICICI Bank branch with the required documents to initiate prepayment or foreclosure.

• Prepayment or foreclosure statement
• Loan closure request letter signed by the applicant
• Latest Bank statement showing last EMI clearance
• PAN card (mandatory if payment exceeds ₹50,000)
• Vehicle Registration Certificate (RC) copy
• Vehicle insurance copy

Once processed, you will receive an acknowledgment and a No Objection Certificate (NOC) confirming Loan closure.

The NOC is issued within 5-7 working days after full repayment of the Loan.

ICICI Bank indicates that prepayment or foreclosure charges will be applicable depending on the Loan terms. Borrowers should review the latest foreclosure conditions and charges in the Bank’s current Loan schedule before proceeding.