ICICI Bank launches motorbike loan

LOAN SCHEME: ICICI Bank, India’s second largest bank, today launched motorbike (two-wheeler) loans in Sri Lanka enhancing the existing retail product suite in the country.

Customers can avail the loan sanction within 24 hours after submission of requisite documentation and up to 85% of the vehicle value with no guarantor. The bank will offer flexible repayment option with respect to the loan with tenure ranging from 12 months to 36 months.

The Bank will fund for all category of brands - Indian as well as Japanese. The motorbike loan will be available to salaried as well as to self-employed customers with option of a joint applicant.

Tailor made schemes, which suits every customer, door-step service, easy documentation, low interest rates, easy foreclosure options, flexible repayment options, bank account with a free ATM-cum-Debit card giving access to 800 ATMs islandwide absolutely free of cost (in case customer chooses direct debit mode of repayment), etc are the other features of the loan.