Two Wheeler Loan – Interest, Fees, Documentation and Eligibility
Two Wheeler Loan – Interest, Fees And Documentation
Rate of interest: 10.25%* to 26.10%* per annum
Loan Processing and Documentation Charges: Non-premium and Premium Vehicles – 4.75% of Loan amount + applicable GST.
Super Premium Vehicles – 3.5% of loan amount + applicable GST
Tenure: 12 months to 36 months
Documents required: Salary slip/Form 16 (for Salaried), ITR (for Self-employed) and Bank statement of the last 3 months, KYC document-valid Identity proof and Residence Proof, any other document as may be required by ICICI Bank.
*Reducing rate
Two Wheeler Loan Eligibility Criteria
To apply for a Two Wheeler Loan, following are the requirements
Age: 21 to 65* years of age
Employment type: Salaried or Self-employed
Credit score: -1, >=700
Nationality: Indian
*Maximum age at loan maturity