“I just got a promotion and want to surprise my wife with a brand new car of her own…” “My son graduated with honours and I want to get him his first two-wheeler…” “My daughter is changing her job and wants to buy a car for her daily commute…” “I want to gift myself a car…” “I want to buy my Papa his dream car…” “I’ve always dreamt about going on a bike trip to Ladakh…”
So what’s stopping you all? Well, you’ll say…who wants to get into the jhamela of boring paperwork, and countless forms to fill while applying for a loan? Do you? Or does the thought of it put you off your plans of getting your own vehicle?
We just heard this great news people! Now getting a car or two wheeler loan just got so very easy with ICICI Bank’s Insta Auto Loan and Insta Two Wheeler Loan approval. ICICI Bank has made the loan sanction process extremely simple, completely digital and best of all, ‘Instant’ .Moreover, it offers full finance for the on-road price of the car or two wheeler. Now you can get upto Rs.20 Lakh as a car loan for a tenure of upto 7 years and up to Rs.2 Lakh as a two-wheeler loan for a tenure of upto 3 years sanctioned instantly! Isn’t that just awesome?! So what doI actually need to do to get this loan? It’s as simple as ABC! Literally. A…You just need to login to ICICI Bank’s Internet Banking facility, click on My accounts and then on Loans, followed by instant sanction car/two-wheeler loan. B….You need to select the desired amount and tenure for the loan, where you are also given an option to select the manufacturer and choose the desired dealer. Follow the easy steps there, providing all required details, and accept the terms and conditions.C…Within a few clicks, the loan sanction letter is ready. Just download it and zip to your preferred dealer. Easy-Peasy!
For the Insta Two wheeler loan, the applicant is also provided with a reference number with the sanction letter to be taken to the dealer. After this you only need to go to the car or two-wheeler dealer with the sanction letter to select the vehicle and submit your final documents… and you are done! The loan amount gets disbursed in a few hours for you to drive for your ride back home in your brand new vehicle.
ICICI Bank’s Insta Auto Loan is surely going to be a big boon to its millions of customers, as it is hassle-free and totally in times with today’s digital era. ICICI Bank will be using their state of the art digital analytics technology to do a background check on the credit assessment of the loan applicant. This latest technology uses a combination of various financial parameters including information sourced from the credit bureau, banking relation of the applicant, and also some vintage patterns with the bank. The bank then pre-approves the loan amount, depending on the credit worthiness of the applicant as per his credit score.
With this, ICICI Bank has gone ahead in its efforts to launch an array of Instant Digital products for its customers adding to the already available long list of digital services that it has to offer. Instant Digital products from ICICI Bank include Instant Credit Card, Insta Personal Loan, Paylater Instant Digital Credit, Insta overdraft, Instant Public Provident Fund account, Instant Home loans and Top Up Home loan.