ICICI Bank on April 17, 2019 announced the launch of two products (car loans) with final sanction letters for car and two-wheeler. It aims to provide instant loans in a completely digitised format. The first product named Insta Auto Loan is designed to aid up to two million pre-approved customers to receive final sanction of a car loan instantly. Customers can avail a loan amount of up to Rs. 20 lakh spanning a tenure of seven years. This product aims to cover two million pre-approved customers to receive final sanction of vehicle loan instantly.