At an aggressive interest rate of seven.5% yearly, the minimum EMI for each lakh having a 7-12 months period are Rs. 1534.

Whenever you https://paydayloanalabama.com/riverview/ are a buyers of a reliable financial, imagine getting a loan from their store. A confident reference to your existing financial can enhance the likelihood regarding securing an auto loan on a reduced interest rate.

Any kind of handling fees levied towards the car loans because of the ICICI?

Yes, you must pay a certain processing costs into the auto loans of the ICICI one to range anywhere between Rs 3500 so you’re able to Rs 8500.

Can also be anybody go for an effective co-applicant so you can borrow a car loan of ICICI?

When you are certain banks and you may financial institutions you’ll permit unrelated anyone otherwise faraway family members to do something because the co-signers to possess an auto loan, certain loan providers features strict standards. They only take on co-signers whom live at the same address since the debtor.

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