If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    We found 1 ICICI Car Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.10% - 15% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    ICICI Car Loan Eligibility Calculator is Rated as "Great!" by 1770 Users

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    An Overview about ICICI Car Loan

    ICICI offer on car loans to customers exceeds expectations. ICICI Bank offers up to 100% of the ex-showroom price of the car. The car loans come with easy repayment tenures of up to 7 years. Customers can enjoy attractive rates of interest on their loans. ICICI car loans are easy to apply for online. Get instant approvals and quick processing. If you are an existing customer of ICICI Bank, exclusive car loan offers are extended to selected customers. Visit the bank’s official website and enter your account details to see your offer. Existing customers can also enjoy minimal documentation on their loans.


    If you are looking to purchase a used car, ICICI funds up to 80% of the value of the car. Get appealing rates of interest with tenures of up to 5 years. Enjoy fixed rates of interest on your new car loans.

    ICICI Car Loan Eligibility

    ICICI Car Loan is available to salaried individuals and the self employed. Check your eligibility easily on the ICICI Bank website. You can also check your eligibility on BankBazaar.com. Simply fill in your details on our website and view the results. Your loan amount will depend on your credit history, debt-to-income ratio and your earnings per month.

    The interest rates that you can avail of depends on a number of factors. Your relationship with the bank, tenure of the loan and car segment affects new car loan interest rates. The age and segment of your car, loan tenure and product variations like refinancing or topping up will affect the interest rates on pre-owned car loans.

    Factors Affecting ICICI Car Loan Eligibility

    Whether you are eligible for a car loan from ICICI Bank or not is determined by a number of factors that can majorly affect your chances. Before you apply for a loan, you can check if you are eligible for a loan. A few factors that determine your eligibility and loan amount are listed below.

    Apply for Car Loan Online
    • You need to meet the minimum income requirements as set by the bank. Banks need to have a clear estimate of your earning capacity and whether your income is stable enough to handle a long-term loan. The amount you earn will determine the loan amount you can get from ICICI. You can also add on your spouse’s income to increase your earning capacity. The spouse will then become a co-applicant and a co-borrower.
    • A good CIBIL score. Your credit history matters. Banks need proof that you are credible and able to pay back the loan they provide you.
    • If you currently have other debt like an outstanding balance on a credit card, personal loan or any other loan, these affect your eligibility. Banks calculate your debt-to-income ratio to estimate the loan amount they can give you and what EMI amount would suit your monthly budget.
    • Your age also plays a role in determining if the bank should lend you money. Those who are closer to the maximum limit will be less likely to be approved for a car loan unless you have proof to support your repaying abilities.
    • Your employment can also affect your chances of getting a loan. If you’ve been sporadically employed or shifting jobs regularly, banks flag this as unsteady source of income. You need to show that you are stable and have a regular source of income that isn’t going to chance any time soon.

    How CIBIL Score affects ICICI Car Loan Eligibility

    The Credit Information Bureau India Limited keeps a track on everyone’s credit behaviour. Your credit score is determined by your available credit limit, how you spend your credit, and how you repay your loans. Paying your dues in full and on time gives you plus points. But defaulting on payments can negatively affect your score. Spending money all the way up to your credit limit is also not a good idea. A good credit score means you have proved yourself in the past and banks can trust you. Banks can know how you repay your debts through you CIBIL score. And that’s what really matters to them. So a good credit score will get you a better deal on a car loan including loan amount, tenure and interest rates.

    How to Increase your ICICI Car Loan Eligibility

    If you think you might not be approved for the loan amount you need to buy your car, there are a few ways to improve your eligibility.

    • Clear off all debt as soon as possible.
    • Make sure you pay all your bills on time.
    • Paying credit card bills in full before the due date adds extra points!
    • Get your spouse to be a co-applicant in the loan.
    • Stick to one job and show steady income.

    ICICI Car Loan Eligibility Calculator

    You can check your eligibility for an ICICI Car Loan on the BankBazaar website. Simply enter your details and your results will be generated for you. Prospective car loan customers can use the calculator to determine if they can get a loan to buy the car they want. ICICI bank also provides an eligibility calculator on their official bank website. The bank requires you to fill out a few details that include your residence, date of birth, the make and model of the car, ex-showroom price and your type of employment. Get to know if you're eligible for a car loan within a few seconds.

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  • Car Loan Reviews

    • ICICI Bank Car Loan
      "Overall a good experience"
      0.5 5.0/5 "Blown Away!"
      Since I have postponed my plan in buying the vehicle. I did not go ahead with ICICI bank for the car loan. The customer services are good and they have responded well. It was a timely process. The interest rate and charges was normal too. Good overall.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jul 24, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank executives asked about the required list of documents to proceed with my car loan, so due to lack of documents I have asked them to close my car loan application with ICICI bank. The customer service and the response provided by ICICI bank is extremely good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 24, 2017
    • ICICI Bank Car Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      I have taken my car loan from ICICI Bank and the services was good from them. The process was smooth and I got the funds on time as well. The customer services and response has been supportive as well. The paper work was taken on time and in all no hassles faced.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jul 24, 2017
    • ICICI Bank Car Loan
      "No hassles overall"
      0.5 5.0/5 "Blown Away!"
      I had applied for a car loan with ICICI bank and the overall experience is good. I received a quick response and the bank informed me the details. The interest rate and processing charges was normal too. I did not go ahead for the loan is because I postponed my plan for the next two months.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jul 13, 2017
    • ICICI Bank Car Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      I didn't get the car loan from ICICI bank ,because of their interest rate and processing fee. I have planned to buy a ford car and the ford company itself ready to do the finance with the better interest rate , so that was reason I haven't proceed with ICICI bank car loan. The customer service and the response with ICICI bank was good. To summarize, I would say it is a better service given by ICICI bank.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 11, 2017
    • ICICI Bank Car Loan
      "Good Experience with Good customer support"
      0.5 4.0/5 "Great!"
      I am a very old customer of ICICI, I have many financial products with them like saving account , personal loan, car loan etc. I took the car loan of Rs.3.70 lakhs with the lower interest rate of 9.25% with one time processing fee of around Rs.1300 its good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • ICICI Bank Car Loan
      "Looking for a best interest rate"
      0.5 3.0/5 "Satisfactory"
      I am working as a direct dealer of bank in HDFC and Axis, Hence I have taken car loan from AXIS, they offered me 7.99% of interest for the car loan. But ICICI were giving higher interest rate but they are good in response and service. But I was unable to compromise with ICICI hence I decided to goahead with AXIS.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 07, 2017
    • ICICI Bank Car Loan
      "Satisfactory service"
      0.5 3.0/5 "Satisfactory"
      I applied for the car loan with ICICI bank. I got a good response and information about the loan process from the bank. Actually I had applied for the loan amount of 3.50 laksh. I do not have any suggestions for ICICI bank because their service is really good.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jul 07, 2017
    • ICICI Bank Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      My brother have taken car loan from SBI, since he was government employee he got a better offer from them., Hence there is no need to take car loan from ICICI. Therefore I dropped the plan, but ICICI have responded well, I told them to collect the document but suddenly my plan got changed.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 07, 2017
    • ICICI Bank Car Loan
      "Dissatisfied"
      0.5 1.0/5 "Really Bad"
      For the car loan process, I did not receive any response from ICICI bank. No one was concerned about my application but rather they ignored it. Even I was unable to contact them because I do not have their valid contact number to call them back I have an idea of taking the loan for an amount of 5.3 lakhs.
      Was this review helpful? 0
      , nasik
      Reviewed on Jul 07, 2017
    • ICICI Bank Car Loan
      "Response part has to be improved"
      0.5 1.0/5 "Really Bad"
      I got a call from ICICI, but at the time I was in out of station. Hence I asked the executive to call me back on one particular day therefore I could organize it. When I reached to my town, I didn't receive a call at the time on second day I got mail stating my loan application got closed. There was no proper coordination or communication from the bank.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 07, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I preferred ICICI bank for the car loan so I applied for the loan with them. For my application, the bank responded well and they responded well. Even I got proper information on my loan application. I had no issues with bank at any point of time.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 06, 2017
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      ICICI Car Loan after approval process completed they need to maintain same service how they did before, the time processing is good they executive was very good he provided me full information. Interest rate was 9% its was same in private bank when i compare to nationalized its bit high, documentation process is good, they charge 1.5% for processing fee
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 06, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have just dropped getting the car loan plan, so that was the reason I haven't go with the ICICI bank car loan. The customer service and response was good with ICICI bank. The rate of interest is nominal with ICICI. The service which was given by ICICI was good.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 06, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I applied for the car loan with ICICI bank. I am getting good response and information for the loan process from the bank. Actually I had applied for the loan through online source. I do not have any suggestions for ICICI bank because the service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2017
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I applied for the car loan with ICICI bank. On my loan application, they called me many times and followed up on my application. Their responses are good but they where not ready to provide me the loan because they do not offer loans for commercial vehicle so It got dropped the plan. Rest banking wise they are excellent
      Was this review helpful? 0
      , pune
      Reviewed on Jul 06, 2017
    • ICICI Bank Car Loan
      "Response is good. But high on ROI"
      0.5 4.0/5 "Great!"
      I did not take the car loan from ICICI Bank as I got another option from another finance company. The interest rate was also high, it was around 10%, and so was the processing charges. The services was good and the bank contacted me on time. There were follow up calls as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 06, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I didn't avail the car loan with ICICI bank, because of the interest rate, processing fee and the additional charges . The customer service and the response was very good with ICICI bank. The rate of interest can be reduced in future, it need to be similar with other banks. It was an average service overall.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jul 05, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I haven't got the loan with ICICI bank because the executive told My salary didn't met their eligibility criteria. The rate of interest was nominal with ICICI bank. The customer service and the response with ICICI was good. The service which ICICI bank gave was good.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jul 05, 2017
    • ICICI Bank Car Loan
      "Good In Followups"
      0.5 5.0/5 "Blown Away!"
      I applied for the car loan with ICICI bank. On my loan application, they called me many times and followed up on my application. Their responses are good but due to some commitments I had to postpone my car loan plan for now. But there is no issues with ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 05, 2017
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