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ICICI Bank, TranzLease join hands to launch ‘SMART EMI’ for car enthusiasts

28 Nov 2019 Evaluate

ICICI Bank has launched an innovative equated monthly installment (EMI) facility, in association with TranzLease, which enables customers to drive a new car home at lower cost and higher convenience. Termed as ‘SMART EMI’, this next-gen auto loan takes care of the insurance and maintenance requirement of the vehicle during the financing period.

The amount of ‘SMART EMI’ is much lower than regular car loan EMI as the estimated resale value of the car is deducted upfront. 

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.

Peers
Company Name CMP
HDFC Bank 710.20
ICICI Bank 1341.60
Axis Bank 1248.50
Kotak Mahindra Bank 431.25
Indusind Bank 906.95
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