LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Automobile News

Want car loan? ICICI Bank becomes 1st lender in India to launch Smart EMI facility - Check details, and how to avail money

 Noteworthy, ICICI Bank is the 1st lender in the country to introduce this facility. The service will be available for both corporates and salaried individuals, and will soon be available for self-employed customers.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Want car loan? ICICI Bank becomes 1st lender in India to launch Smart EMI facility - Check details, and how to avail money
How to avail this car loan facility? CHECK STEPS TO FOLLOW
Written By: Prashant Singh
Edited By: Harish Dugh
Updated: Wed, Nov 27, 2019
08:54 pm
ZeeBiz WebDesk
RELATED NEWS
ICICI Bank, Axis Bank, and HDFC Bank: Technical details highlighted for readers ICICI Bank, Axis Bank, and HDFC Bank: Technical details highlighted for readers
Amazing discounts on deals! ICICI Bank launches this service for all your lifestyle and luxury needs - iDelights Summer Bonanza Amazing discounts on deals! ICICI Bank launches this service for all your lifestyle and luxury needs - iDelights Summer Bonanza
Stocks to Buy: Nifty Bank likely to take leadership in April Series, this analyst says; SBI, HDFC Bank, ICICI Bank, Axis Bank - what to expect from them? Stocks to Buy: Nifty Bank likely to take leadership in April Series, this analyst says; SBI, HDFC Bank, ICICI Bank, Axis Bank - what to expect from them?
Bank Holidays April 2021: First bank holiday today, check other days when your banks will remain closed this month as per RBI Bank Holidays April 2021: First bank holiday today, check other days when your banks will remain closed this month as per RBI
Bank Holidays April 2021: Banks will remain closed for THESE many days as per RBI calendar Bank Holidays April 2021: Banks will remain closed for THESE many days as per RBI calendar

ICICI Bank and TranzLease, automobile leasing and mobility solutions company, have joined hands to launch ‘SMART EMI’ for car enthusiasts. Noteworthy, ICICI Bank is the 1st lender in the country to introduce this facility. The service will be available for both corporates and salaried individuals, and will soon be available for self-employed customers. Here is all you need to know:-

- As a pilot, customers in Mumbai and Delhi-NCR can avail of this facility and take home cars of almost all leading makers. It will soon be available in Pune, Bengaluru, Hyderabad and Chennai.

- 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.

- Above all, this gives the users an option to either own the car at the end of the tenure by making payment of an agreed resale value or simply return the car to the leasing company.

- In case of such return, customers are rewarded with special bonus.

"This simple yet cost effective offering is developed, keeping in mind the special need of corporates and individuals who are keen to upgrade their vehicles in a few years. This unique proposition offers lower EMI in comparison to a regular car loan EMI as well as eliminates the hassle of unbudgeted and unforeseen expenses and unknown resale value," an official statement said.

See Zee Business tweet below:

ICICI बैंक ने कार लोन के लिए पेश Smart EMI स्कीम, जानें खासियत#ICICIBank @ICICIBank pic.twitter.com/YhgzkPJqdP

— Zee Business (@ZeeBusiness) November 27, 2019

How to avail this car loan facility? STEPS TO FOLLOW

- Customers can avail of this facility by simply visiting https://www.icicibank.com/PersonalBanking/loans/car-loan/cl-smart-emi.pa..., select a car of their choice and look at various EMI options available including comparing with traditional auto loans.

- After selecting the car, they can call the ‘SMART EMI’ phone number +91-8130680080.

- Post-delivery of the car, ‘SMART EMI’ provides customers with a personalised car portal through which the customer can manage the entire car life-cycle from the date of purchase to the date of disposal.

- Visit https://www.icicibank.com/Personal-Banking/loans/car-loan/cl-smartemi.pa... and search for the car of your choice

- Explore various ‘SMART EMI’ options for the chosen car and generate digital brochure instantly; compare ‘SMART EMI’ scheme with loan options from a financial institution

- Select the tenure as 36 months or 60 months and book the car by calling ‘SMART EMI’ customer care at +91 8130680080

-  Get access to the online portal after the car is taken through ‘SMART EMI’. The online portal will include cloud repository of all car documents, insurance, maintenance & accident management, referral and points programme

Illustration: How ‘SMART EMI’ works for a car (Ex-showroom INR 14.22 lakh)*

* Table is for illustrative purposes (Delhi) only

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
ICICI BankCar loanAuto loanAutomobileCars
RELATED NEWS
ICICI Bank, Axis Bank, and HDFC Bank: Technical details highlighted for readers ICICI Bank, Axis Bank, and HDFC Bank: Technical details highlighted for readers
Amazing discounts on deals! ICICI Bank launches this service for all your lifestyle and luxury needs - iDelights Summer Bonanza Amazing discounts on deals! ICICI Bank launches this service for all your lifestyle and luxury needs - iDelights Summer Bonanza
Stocks to Buy: Nifty Bank likely to take leadership in April Series, this analyst says; SBI, HDFC Bank, ICICI Bank, Axis Bank - what to expect from them? Stocks to Buy: Nifty Bank likely to take leadership in April Series, this analyst says; SBI, HDFC Bank, ICICI Bank, Axis Bank - what to expect from them?
Bank Holidays April 2021: First bank holiday today, check other days when your banks will remain closed this month as per RBI Bank Holidays April 2021: First bank holiday today, check other days when your banks will remain closed this month as per RBI
Bank Holidays April 2021: Banks will remain closed for THESE many days as per RBI calendar Bank Holidays April 2021: Banks will remain closed for THESE many days as per RBI calendar

LATEST NEWS

ACC net profit up 74 pct YoY in Jan-March quarter at Rs 562 cr; Co maintains “cautious yet positive outlook”; See 7 takeaways from results

BIG! VACCINATION FOR ALL for 18 years and above from 1 May - here are key takeaways form this Government decision

Expert says BUY SBI stock, price target Rs 430, stop-loss Rs 310

Mid-Cap Picks with Anil Singhvi: IEX, Orient Refractories and Fermenta Biotech shares are top recommendations today

Apex Legends Mobile pre-registration: Will this game overtake PUBG Mobile, COD Mobile and Free Fire in India? Check here!

Stocks in Focus on April 20: Pharma Stocks, ACC, ICICI Prudential, Tech Mahindra to Jubilant Foodworks; here are the 5 Newsmakers of the Day

Oppo A54 smartphone launched in India at starting price of Rs 13,490: Check camera, specifications, bank offer and more

LPG gas cylinder price: Get cylinder for just Rs 9? Rs 800 discount? Paytm cashback offer EXPLAINED

BIG Covid 19 vaccine boost: Modi Government to release Rs 4,567.50 crore for Serum Institute and Bharat Biotech

Vaccine, Pharma, Insurance, Cement to Auto - here are top Buzzing Stocks today

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved