ICICI Bank launches Car Loan

ICICI Bank, launched car loans in Sri Lanka.Customers can avail the loan sanction within 24 hours and up to 95% of the vehicle value with no guarantor.

Mr Romesh Elapatha – Deputy Country Head ICICI Bank Sri Lanka, handing over the keys to the first Auto Loan customer. Looking on is Country Head Sri Lanka ICICI Bank – Mr Naveen Agarwal.

The bank will offer flexible repayment option with respect to the loan with tenure ranging from 12 months to 60 months.

The Bank will fund all category of cars - new, reconditioned or used. The car loan will be available to salaried or self-employed customers with option of a joint application.

Tailor made schemes, which suit every customer, door-step service, easy documentation, low interest rates, easy foreclosure options, flexible repayment options, bank account with a free ATM-cum-Debit card giving access to 800 ATMs island wide absolutely free of cost (in case customer chooses direct debit mode of repayment). etc are the other features of the loan.

ICICI Bank is also offering the option of “Re-finance” for existing cars enabling customers to get low-cost funds, which can be used for any purposes; and the option of Loan/lease “Take-over” by which customer can shift their existing vehicle loan/lease to ICICI Bank for a lower interest rate.