Bank of Rajasthan Car Loan

Hello buddy my one of friend asking me for Bank of Rajasthan Car Loan, so can you here tell me its info as he want to apply for this loan??

First of all I want to say Bank of Rajasthan Ltd was a private sector bank of India which merged with ICICI Bank in 2010, so here I am providing info about ICICI Bank Car loan .

ICICI Bank Car Loan amount eligibility is based on these factors
Minimum income required Rs.16,700 per month
Loan capped @ 80% of the Ex-Showroom price of Car value
EMIs of other loans loweryour eligibility


ICICI Bank Car Loan Interest Rates
Interest Rate (Monthly reducing balance) 9.65% to 10.75%
Processing Fees Up to Rs.5350
Loan Tenure 1 year to 7 years
Pre-closure Charges 5% on outstanding loan amount
Guarantor Requirement No guarantor required

Document require for apply for an ICICI Bank Car Loan
1. Residence proof
2. Photo ID and age proof
3. Signed application form with photograph
4. Last 6 months bank statement
5. Documentation for salaried applicants:
Last 3 months salary – slips
Form 16 or Income Tax Returns
6. Documentation for self-employed applicants:
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

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Answered By StudyChaCha Member