The Hindu Business Line : Pre-owned car fair at Kozhikode and Kottayam from today

ICICI Bank is organising `U-Turn', an exhibition of a wide variety of pre-owned cars for buy and sell in two centres in the State on Saturday and Sunday.

A spokesman for the Corporate Office of the bank said that `U-Turn' would be staged simultaneously at the Babymarine Grounds, Beach Road, Kozhikode, and the Nagampadom Grounds, near Private Bus Stand, Kottayam, on the two days.

`U-Turn' will be a common platform for customers and dealers for showcasing their complete range of used cars for buying and selling.

On offer are also tailor-made financing schemes from ICICI Bank. Customers will receive spot sanctions for car loans and could take benefit of direct credit approvals with quick disbursal and simple documentation. Insurance and registration will be facilitated through authorised agents.

The bank will have on offer three products, namely `Used Car loans', `Car N Cash' and `Car Overdraft', to customers at the exhibition. The Used Car Loan is meant for customers going in for a second hand car purchase. Car N Cash is a refinance option, which provides customers with liquid money - cash against the security of his existing car.

`Car Overdraft' is a unique offering enabling the customer to avail of an overdraft facility up to 90 per cent of the assessed value of the car. Interest is charged on the amount utilised only.

This facility comes with a roaming current account, an ICICI Bank-HPCL debit card and flexibility to transact from over 500 ICICI Bank branches and extension counters and over 1,850 ATMs.

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