Car Loan for used cars

How to get a Car Loan processed for a second-hand car

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:

• Check eligibility by providing eligibility criteria and asset details
• Complete application
• Upload document.

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.

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