ICICI Bank has launched insta car and two-wheeler loans that will provide existing customers final sanction letters instantly. The first service, called 'Insta Auto Loan', enables over two million pre-approved customers to avail the final sanction letter of a car loan instantly and digitally up to Rs 20 lakh for a tenure of up to seven years.
The second initiative, named 'Insta Two-Wheeler Loan', offer over 12 million pre-approved customers the facility to get instant sanction of loan up to Rs 2 lakh for a tenure of up to three years. Both the plans will offer 100% of the on-road price of vehicle.
ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.
