Motorbike Loans From ICICI Bank

ICICI Bank, which cornered a 40% share of the two-wheeler financing market in India, has now brought that expertise to Sri Lanka by unveiling motorbike (two-wheeler) loans in the country. ICICI Bank’s Motorbike Loans will fund all categories and brands, Indian as well as Japanese. The loans will be for up to 85% of the vehicle value and will be sanctioned to customers within 24 hours after submission of requisite documentation. Loans will be available to salaried as well as to self-employed customers, with the option of joint applicants. The bank is offering flexible repayment options to suit every customer, with tenures ranging from 12 months to 36 months. ICICI Bank in India does about 100,000 motorbike loans a month and has tie ups with all the two-wheeler manufacturers in both retail and inventory financing. ICICI Bank is India''s second largest bank and the largest in the private sector.