Loan in just two days for Sri Lanka ICICI bank customers

ICICI bank India’s biggest private sector lender is intensifying its presence in Sri Lanka Recently ICICI Bank launched a special scheme of sanctioning a loan in just two days to its customers.

Highlighting the importance of speed and convenience, Prem Thampi, country head, ICICI Bank Sri Lanka, said the lender is flourished on providing the best service to its customers.

"Apart from introducing innovative products, the bank also has necessary capabilities to process loan applications faster. Be it personal loans, motor bike loans or car loans, the bank will make them available to customers in just two days", he said yesterday.

Loans will be available to salaried as well as self-employed customers, and the latter will be able to apply on the basis of their past repayment track records.

The loans will be processed in two days, but the screening of the applications will continue as per the bank's stringent credit appraisal policy, the official said.

ICICI Bank Sri Lanka is amongst the few banks who are offering a special motorbike loan facility in the country.

ICICI Bank's have a car loan schemes in which it is providing finances to buy new, re-conditioned and used four-wheelers.

"We have actively started promoting loans for used cars and re-financing vehicles and we do financing up to 90% of the vehicle value," Thampi said.

An official from ICICI bank informed that bank is also offering early settlement of loans with a 100% interest rebate and minimal foreclosure charges.

In the personal loan category, a loan for meeting wedding expenses, buying a household appliance or even for a holiday abroad, are available. Thampi said, "loan applications can be processed at the applicant's home or work place and at their convenience."

As a special value addition, ICICI Bank is offering free life insurance, which will cover the outstanding loan amount in case of an accident.

All loan applicants can avail a free ATM/Debit card, which is accessible at any Visa ATM across the country without any withdrawal fee.


ICICI Bank is India's second largest bank and largest private sector lender there, with assets of Rs 3,64,944 crore (about $92.16 billion) as of September 30, 2007.