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  1. Vibha
  2. Finance, Insurance
  3. Thursday, September 27 2012
Is ICICI Bank the fastest in loan approval with minimal documentation. Does it provides 100% Funding at Lowest Rates with the best possible time . What is the interest of dealer to ask me to take loan only from icici
Gagan Modi Accepted Answer
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Hello Vibha,

Is ICICI Bank the fastest in loan approval with minimal documentation

ICICI Bank Car Loans been one of the pioneers of not only loans but across banking sector. If you hold a relationship with ICICI Bank in terms of existing bank accounts - the documentation will be slightly lower and sanction process will be relatively better.

Does it provides 100% Funding at Lowest Rates with the best possible time

No Bank provides 100% On Road Funding to the best of our knowledge and even 100% ex-showroom is also one in thousands.

Its more like a deviation to get lowest rates on a facility which actually is not a generic market practice, infact could be the other way round also - that banks may charge premium on rates if funding is beyond 90% (the statement is generic and not specific in contrast to ICICI Bank)

What is the interest of dealer to ask me to take loan only from icici

Dealers gets commissions from banks for facilitating processing of loans as they see and verify original documents of customer, arrange them and send to bank. Even they also facilitate for getting loan kit signed and tracking the rc and insurance copy with hypothecation in favor of the bank


  1. more than a month ago
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