Private Bank ICICI Bank on Wednesday announced the launch of two facilities to empower its millions of customers with final sanction letters for car and two-wheeler loans instantaneously, in a fully digital manner.
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’, offers 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 facilities will offer 100 per cent of the on-road price of the vehicle, the bank said in a statement here.
