On an aggressive interest regarding seven.5% per year, minimal EMI each lakh having an excellent eight-year period was Rs. 1534.

When you’re a customer off a reputable lender, think acquiring a loan from them. A positive experience of your existing lender can enhance the right out of protecting an auto loan from the a diminished interest.

Are there any operating charge levied toward car loans by ICICI?

Yes, you ought to spend a specific processing costs into car loans by ICICI one range ranging from Rs 3500 so you’re able to Rs 8500.

Normally some one pick an effective co-applicant so you can borrow an auto loan out of ICICI?

Whenever you are specific financial institutions and creditors you’ll permit not related some one or distant loved ones to act once the co-signers having an auto loan, specific loan providers keeps stringent criteria. They only accept co-signers whom alive in one target due to the fact borrower.

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