From the a competitive interest from seven.5% per annum, the minimum EMI for every single lakh getting an effective eight-12 months tenure try Rs. 1534.
When you are a consumer out-of a reliable lender, consider acquiring that loan from their store. A positive relationship with your existing lender can raise the possibility away from protecting a car loan from the a lowered interest.
Are there any operating charges levied toward car and truck loans because of the ICICI?
Sure, you must shell out a particular processing fees to the auto loans by ICICI that selections anywhere between Rs 3500 so you can Rs 8500.
Can be individuals decide for good co-applicant so you can acquire a car loan regarding ICICI?
While particular banking institutions and you can financial institutions might enable unrelated anyone or faraway members of the family to behave just like the co-signers getting a car loan, some lenders enjoys strict requirements. They only undertake co-signers just who live at the same address because borrower.
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