ICICI Bank offers full finance for pre-approved car loans

Mumbai: ICICI Bank has launched a pre-approved loan facility for its savings account customers to finance upto 100% of the on-road price of the car, a first in the industry. This facility enables customers to avail loans upto Rs. 20 lakh. The Bank disburses the loan amount within four working hours. ICICI Bank has introduced the compelling proposition during the festive season to help its customers buy the vehicles of their choice quickly during this season.

Talking about the initiative, Mr. Ravi Narayanan, Senior General Manager & Head - Retail Secured Assets, ICICI Bank said, “ICICI Bank has always been committed at offering path-breaking products and services to its customers at the fastest possible speed and with the highest level of convenience. This particular proposition is in line with our constant endeavour to add to the customer’s delight during the festive season. This is being extended to lakhs of our customers and we are happy that with the new service, they can now fulfill their festive purchases in a hassle-free manner, within just a few hours and delight their families. We believe, that the compelling proposition will offer a unique best-in-class banking experience to our customers.”