Thanks to BHPian SmartCat for sharing this information with other enthusiasts.

ICICI Bank is offering a zero downpayment loan on the Kona Electric for a tenure of up to 7 years. According to the bank, funding is possible on up to 100% of the on-road price of the vehicle. The rate of interest is 9.25%. The bank is also offering a 50% discount on the processing fee. The offer is valid for disbursements till August 31, 2019.

The Kona Electric is Hyundai's first all-electric model in India. It is priced at Rs. 25.30 lakh (ex-showroom, Delhi).

The Kona Electric uses a 39.2 kWh battery that powers an electric motor that has an output of 134 BHP and 395 Nm. The car comes with four driving modes - Eco, Eco+, Comfort and Sport.

The Kona Electric is claimed to accelerate from 0-100 km/h in 9.7 seconds. The battery pack is said to offer an ARAI certified range of 452 km on a single charge. It can be recharged to 100% in 6 hours and 10 minutes using an AC charger. It takes 57 minutes to recharge the battery to 80% of its capacity using a DC fast charger.

ICICI Bank is offering 100% finance on cars with an on-road price of up to Rs. 20 lakh. The loan amount is disbursed in just 4 working hours. This offer is available on car loans for a tenure of up to 7 years. It is only offered to customers who have an existing savings account. 

The bank has developed a credit assessment algorithm for customers. It uses various parameters to assess the credit worthiness of a customer and depending on the credit score, it pre-approves the loan. Customers just need to check their eligibility with the branch before purchasing the vehicle. The new system is claimed to have reduced the processing time for loans.

To avail this facility, customers will be required to a fill an application form and submit the necessary documents. On-road price includes the ex-showroom, insurance and RTO charges. Accessories and other charges and not included in the loan amount. 

Source: Live Mint

ICICI Lombard has launched a new ‘Mobile Self Inspection’ feature in its Insure app that allows customers to self-inspect their car for renewing its lapsed insurance policy. This new feature has been introduced in an attempt to reduce the time taken for the process of policy renewal.

Traditionally, policy renewal requires a mandatory inspection of the vehicle, which can cause unwanted delay in the process. The insurer has now eradicated the need for a physical inspection by providing the new 'Mobile Self Inspection' feature.

Using this new feature on the company's app, a customer needs to first pay the policy renewal fee online. Once the payment is made, the app prompts the user to upload a self-inspection video. The customer needs to record a video showing the vehicle's engine and chassis number and then do a walkaround of the car as prompted. Other details required to be recorded in the self-inspection video include the odometer reading, engine start sound, underbody and a close-up of any damage on the car.

The company recommends that customers using this feature record the video in broad daylight with a phone that has a camera resolution of 3 MP or more and a fast internet connection.

Once the video is submitted for approval, ICICI Lombard will check all details and generate the updated policy within a few hours.

ICICI bank has launched the Ferrari credit card range. The card will be offered in two variants - Ferrari Platinum and Ferrari Signature. Available on the Visa platform, these cards offer a wide range of exclusive benefits.

Exclusive benefits with the Ferrari credit cards by ICICI Bank:

- An all-expense paid invitation for top spenders each calendar year, to attend an official Ferrari Challenge race, visit the Ferrari factory & museum as well as participate in an event conducted by Ferrari (with the Ferrari Signature credit card).

- A Scuderia Ferrari watch as a complimentary joining gift (with the Ferrari Signature credit card).

- Up to 20% discount on Ferrari branded products at the Ferrari Store in Maranello, Italy.

- Up to 15% and 10% discount respectively on Ferrari merchandise available at the online Ferrari Store and Myntra.com.

Other benefits: 

- Complimentary access to domestic airport lounges in India.

- ‘Buy one get one free’ offer on bookmyshow.com.

- 15% savings on dining bills at over 800 restaurants across India through the 'Culinary Treats Program'.

- Waiver of 2.5% on fuel surcharge valid on a maximum spend of Rs. 4,000 per transaction at all HPCL pumps.

One can apply for a ‘Ferrari Credit Card by ICICI Bank’ by visiting any ICICI Bank branch or by logging into their internet banking account at www.icicibank.com. Interested users can also send an SMS to 5676766 with the text, “Ferrari Card”.