Categories: Business

ICICI Bank launches insta car, two-wheelers loans

UNI

New Delhi

Private Bank ICICI Bank on Wednesday announced the launch of two facilities to empower its millions of customers with final sanction letters for car and two-wheeler loans instantaneously, in a fully digital manner.

The first service, called ‘Insta Auto Loan’, enables over two million pre-approved customers to avail the final sanction letter of a car loan instantly and digitally up to Rs 20 lakh for a tenure of up to seven years.

The second initiative, named ‘Insta Two-Wheeler Loan’, offers over 12 million pre-approved customers, the facility to get instant sanction of loan up to Rs 2 lakh for a tenure of up to three years.

Both the facilities will offer 100 per cent of the on-road price of the vehicle, the bank said in a statement here.

These offers significantly improve the customers’ convenience as they are no longer required to visit a branch to get their sanction letter. Instead, they can generate the final sanction letter themselves with just a few clicks on the Bank’s internet banking facility.

Armed with the sanction letter, which is valid for 15 days,  the customer can simply visit his/her preferred vehicle dealer across the country, select the vehicle, submit final documents and get the loan disbursed in a few working hours. This is a marked improvement over the current average of few days that a customer needs to complete the entire process.

The launch of the ‘Insta Auto Loan’ and ‘Insta Two-Wheeler loan’ facility is a continuation of the Bank’s efforts to introduce an array of ‘instant’ digital products to offer unprecedented convenience to its customers across products and services.

It includes the country’s first instant credit card, insta personal loan, instant digital credit called Paylater, insta overdraft facility for MSMEs, instant opening of Public Provident Fund account facility and the recently introduced Instant Home Loans and Insta Top Up Home Loan among others.

 

nt

Comments are closed.

Recent Posts

  • Goa News

Cabral outlines roadmap to end power woes

NT NETWORK Panaji Power Minister Nilesh Cabral on Monday released a white paper on the status of power situation in…

4 hours ago
  • Goa News

Trouble mounts for Sonsoddo dump

NT NETWORK Margao    The Fomento  Green, which has been operating the  waste treatment plant at the Sonsoddo dump, on Monday…

4 hours ago
  • Goa News

Two armed cops to be posted at GMC’s casualty ward

NT NETWORK Panaji The Indian Medical Association’s Goa branch on Monday said  that  Chief Minister Pramod Sawant has assured  deployment…

4 hours ago
  • Goa News

QCI’s fish testing raises eyebrows

NT NETWORK Panaji The Quality Council of India has begun testing  fish samples lifted from the trucks arriving at state…

4 hours ago
  • National News

Patients suffer as doctors go on strike across India

PTI New Delhi Healthcare services were severely affected across the country on Monday as doctors wearing helmets and forming human…

4 hours ago
  • Goa News

CoP says Sagarmala projects must be passenger-centric

NT NETWORK Panaji The Captain of Ports has made it clear that various projects to be undertaken under the Sagarmala…

4 hours ago