You can get financing for a wide variety of commercial vehicles, including trucks, buses, tippers and light commercial vehicles. ICICI Bank also provides funding for the chassis and, where required, the vehicle body as well.

To be eligible, the applicant must be an individual, a partnership firm or a company with more than 2 years of business experience. Additionally, ownership of at least 2 commercial vehicles is required. Captive customers and transporters are also eligible.

Repayment terms range from 12 to 60 months, depending on the customer profile and loan structure. You can repay the loan through NACH or via Auto-Debit instructions if you hold an ICICI Bank Account.

Yes, ICICI Bank allows pre-payment or foreclosure of Commercial Vehicle Loans. However, a pre-payment fee is applicable as per the Bank's service charges. Customers are advised to refer to the latest fee structure on the official website or by visiting any Branch.

You can apply in multiple ways: by submitting an online application, calling ICICI Bank’s Customer Care on 1800 1080, visiting any ICICI Bank Branch or contacting a direct sales agent. The process is supported by simple documentation and quick sanctioning.