Within a competitive interest rate from eight.5% per annum, the minimum EMI each lakh having a 7-12 months tenure try Rs. 1534.

If you find yourself a customer off an established lender, envision acquiring a loan from them. A positive relationship with your lender can boost the right of protecting an auto loan within a lower life expectancy interest.

Are there any control charge levied towards the car loans by ICICI?

Yes, you ought to shell out a particular control fees towards auto loans by ICICI you to definitely range ranging from Rs 3500 in order to Rs 8500.

Is also individuals go for an excellent co-applicant to help you obtain a car loan out of ICICI?

When you’re particular finance companies and you may financial institutions you will allow not related individuals or distant family to act as the co-signers for a car loan, particular lenders has actually stringent criteria. They only deal with co-signers which live in one address once the borrower.

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Disclaimer: The fresh calculator on the fresh new 5paisa webpages is intended having educational objectives just which can be built to direct you towards estimating possible investment. But not, it’s important to just remember that , which calculator really should not be the only cause for carrying out otherwise applying any financing strategy. 5Paisa will not bring obligation otherwise accountability to the reliability from the latest numbers generated by brand new calculator. You will want to just remember that , the examples provided here would not make claims regarding your performance of any version of advantage otherwise money. Prior to people monetary choices based on the result of this calculator, we very advise every buyer to go to a professional mentor. Look at Significantly more..

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