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ICICI Bank Two Wheeler Loan Eligibility Criteria

Home ICICI Bank ICICI Bank Two Wheeler Loan ICICI Bank Two Wheeler Loan Eligibility Criteria
Published: 04-07-2019 07:54:04 AM

Getting a loan sanctioned is not as difficult as it was a few years back. Banks and NBFCs have come up with solutions and policies which make loans accessible for the customers. With exciting loan offers and attractive interest rates from ICICI bank, it becomes easy for you to own a two-wheeler.

Here are some of the necessary details of the ICICI bank two-wheeler loans, their features, documentation required, eligibility criteria and added information about the two-wheeler loan by ICICI bank.

ICICI Two Wheeler Loan Eligibility Criteria
Documents Required for ICICI Two Wheeler Loan
Features of the Two-wheeler loans offered by ICICI Bank
ICICI Two Wheeler Loan Eligibility Criteria

There are several checks that you need to have before being eligible for the two-wheeler loan from ICICI bank. They are simple measures used to keep the screening of the potential customers intact. It is also very important to know if the customer will be able to financially support the EMIs throughout the loan tenure.

ICICI Bank Two Wheeler Loan – Eligibility Criteria
Minimum Age 21 years
Maximum Age 65 years
Applicant’s Profession Salaried or Self-Employed person
Work Experience – Salaried Min. 1 year
Work Experience – Self-employed Min. 3 years
Min. Annual Income
  • Rs. 48000 for salaried applicant
  • Rs. 42000 for the self-employed applicant
Residential Status Min. 1 year in the same city or town

It is simple to check your eligibility online. The official website of the bank provides online services like eligibility check and an EMI calculator where you can get an approximate estimate of your monthly EMIs.

Documents Required for ICICI Two Wheeler Loan
  • Application form
  • Photographs
  • Identity proof
  1. Aadhar card
  2. Pan card
  3. Valid passport
  4. Original voter ID
  5. Original driving license
  6. Corporate ID proof
  7. Authentic ration card
  • Address proof
  1. Original passport
  2. Legal voter ID
  3. Rental agreement
  4. Original Telephone bill
  5. Original electricity bill
  6. Original driving license
  7. Gas Connection Bill
  8. Ration card
  9. Property Purchase Agreement
  10. Credit card billing
  11. Original LIC policy Legal address proof from the company (if accommodation or residence provided)
  • Age proof
  • Signature verification
  • Latest salary slips for salaried customers
  • Income tax returns for 2 previous years for self-employed customers
  • Business stability proof for self-employed customers
  • Employment stability proof for salaried customers
Features of the Two-wheeler loans offered by ICICI Bank
  • Up to 100% loan of on-road price: ICICI bank approves loans for almost 100% of the on-road price. This makes it easier for the customer to take the loan and get a two-wheeler for themselves.
  • Exclusive loans for premium bikes: ICICI bank has different financial schemes for the loans of premium bikes. Owning a sports bike doesn’t have to be a dream anymore.
  • Manageable loan tenures: Two wheeler loans have flexible loan tenures at ICICI bank. These tenures make monthly EMIs affordable. These loans are customer-friendly and very accessible for all potential customers for two-wheeler loans.
  • No secret expenses: All the charges are mentioned during the application procedure. There are no hidden charges added after your loan tenure starts.
  • Flexible EMIs: The loan tenure and EMI rate are decided by the bank while keeping the financial requirements of the customer in mind. ICICI bank tries their best to make the loan customer-friendly and make the entire experience accessible for the customer.
  • Benefits for existing customers: Customers who already have a bank account with ICICI bank have access to pre-approved two-wheeler loans. This makes the process easier for them since the bank already has its documentation and account details.
  • Online services: Most banks today have several online services which make it very easy to apply for loans, pay EMIs and check loan status whenever we want. Online services from banks make these loans feasible and easier to understand. Other services like EMI calculators help the customers to have an estimated idea of their monthly EMIs which affect the decision making immensely.

With all the information we have it is simple to understand that these loans are easy to get. You can apply for these loans online on the official website of ICICI bank or even visit your nearest branch. The eligibility check can be done online as well as in the physical branch where the staff members help you out for your confusions. Two wheelers and premium bikes do not have to be on the wish list anymore.

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