ICICI Bank Sri Lanka offers loans in 2 days

ICICI Bank, India’s second largest bank, has launched yet another special offer of sanctioning a loan in 2 days for its customers in Sri Lanka.

Emphasizing on the importance of speed and convenience, Mr Prem Thampi, Country Head, ICICI Bank Sri Lanka said, “The Bank thrives 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 a personal loan, motor bike loan or car loan, the bank will make it available to customers in just 2 days.

Loans would be available to both salaried as well as self employed customers, with self employed clients being able to apply on the basis of past repayment track records. Though, the loans would be processed in 2 days, the applications would be screened as per the bank’s stringent credit appraisal policy.

ICICI Bank Sri Lanka is one of the few banks who offer a special motorbike loan facility. The Bank in addition offers the best competitive interest rate and processing fee.

ICICI Bank’s car loans are available in 3 categories, brand new, re-conditioned and used cars. “We have actively started promoting loans for used cars and re financing vehicles and we do financing up to 90% of the vehicle value,” Mr Thampi said.

ICICI Bank is also offering early settlement of loans with a 100% interest rebate and minimal foreclosure charges.

In the personal loan category, a loan can be availed for meeting wedding expenses, buying a household appliance or even for a holiday abroad. Mr Thampi said, “Loan applications can be processed at the applicants’ 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. A free ATM/Debit card, which is accessible at any Visa ATM islandwide without any withdrawal fee, is also provided to all loan applicants.

ICICI Bank is India’s second largest bank and largest private sector bank with over 50 years of financial experience and with assets of USD 92 billion as on September 30, 2007. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank is a leading player in the retail banking market and has a network of over 950 branches and extension counters, and 3610 ATMs in India.

ICICI Bank set up the International Banking Group (IBG) in the year 2002 to implement a focussed strategy for its international banking business.

Within a short span of four years, ICICI Bank’s international presence currently spans 18 countries and includes wholly owned subsidiaries in the United Kingdom, Canada and Russia; offshore banking units in Singapore and Bahrain; an advisory branch in Dubai, branches in Sri Lanka, Hong Kong, Qatar and ICICI UK PLC branches in Belgium, and representative offices in the United States, China, United Arab Emirates, Bangladesh, South Africa, Indonesia, Thailand and Malaysia.