Two Wheeler Loan

Two Wheeler Loan FAQ’s

• How do I approach ICICI Bank for a Two Wheeler Loan?

  Generate Instant Sanction letter through https://www.icicibank.com/Personal-Banking/loans/twowheeler-loan/two-wheeler-instant-loan.page?#toptitle

  • Write to us using the "Email Us" option
  • Call us at our 24 hour Customer Care
  • You can just walk into any of our branches.
  • Contact any of our direct sales agents
• How can I update my mailing address, mobile number and email ID in my loan account number?

  You may update your mailing address, mobile number or e-mail ID with below:

  At any ICICI Bank branch:

  • Visit any ICICI Bank loan branch with a valid photo ID proof and submit an application

  Documents required Two Wheeler Loans:

  Avail Two wheeler loans with easy documentation facility. An indicative list of documents required according to the profile is given below:

  Documents	Salaried	Self Employed Professional
  Application form
  KYC
  Photographs
  Identity Proof
  Address Proof
  Age Proof
  Bank Statements
  Signature Verification
  Income Proof
  Latest Salary Slip / Form 16
  Income Tax Returns of 2 previous financial years
  Other Documentation
  Business Stability proof / Ownership proof
  Employment Stability Proof

• Can I Foreclose my Two Wheeler Loan?

  We charge prepayment fee of 5% on the outstanding principal amount and the Goods and Service Tax will be charged as applicable on the pre-payment fee.

  To facilitate prepayment of your Two wheeler Loan , you are required to visit an ICICI Bank Asset Servicing (Retail asset operation group ) branch along with the below mentioned documents to complete the prepayment process:

  • Pre-payment Statement
  • Request letter signed by the loan applicant
  • Bank statement reflecting the clearance of the last installment
  • PAN Card (If the closing cash payment is more than Rs. 50,000)
  • Vehicle Registration Certificate (R C Book Copy)
  • Vehicle Insurance Copy
  • Mode of payment can be cash, cheque or demand draft

  Please note that 18% Goods and Service Tax (GST) wef. July 1, 2017 will be applicable

• What are the documents I need to submit, if I have pre-approved offer?

  You just need to submit one application form along with one recent coloured photograph, KYC documents.

• What are the lending rates for Two Wheeler Loan?

  The lending rates vary on the basis of models and tenure selected.

• What is the maximum loan amount and tenure for pre-approved Two Wheeler loan?

  Maximum loan amount and tenure shall depend on the offer available. You can avail of lower loan amount or tenure as per the cost of Two Wheeler. You will get loan up to 100% of on road price of the two wheeler, if the same is within the range of the offer amount.

• If the KYC is successful, will FCPG be waived

  FCPG will be waived for PA customers.

• What is the validity of the offer?

  Valid for 30 days.

• Will special profile be eligible under Pre approved?

  No. they will be processed as per normal.

• How will LTV be calculated

  Illustration for 100% funding

  Scenario 1:	PA offer amount is Rs. 1,00,000, On road price of vehicle is Rs. 65,000, Customer will be eligible for Rs. 65,000
  Scenario 2:	PA offer amount is Rs. 65,000, Cost of vehicle is Rs. 75,000. Customer will be eligible for Rs. 65,000