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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  • ICICI Car Loan Eligibility Calculator is Rated as "Great!" by 2428 Users

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    ICICI Car Loan Eligibility Calculator

    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.

    Car Loan Reviews

    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience i had with this loan, the loan amount which they had provided has been satisfactory. The interest rate with them also had been very much less when compared with the market rate. There has not been any hassle faced with their banking services so far.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Sep 04, 2018
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process i getting this loan has been good where the loan amount which they had provided me also had been good as well. The interest rate has been nominal when compared with the market rate and there has not been any hassle faced with their banking services.
      Was this review helpful? 3
      , gurgaon
      Reviewed on Sep 03, 2018
    • ICICI Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken my car loan with ICICI Bank and the process to get the loan was on time. But it would be better if there was no hidden charges in the policies. They could update their system even with the number as well, instead of only the email ID. Average overall.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Aug 29, 2018
    • ICICI Bank Car Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      My car loan is good and there are no issues to get the loan. ICICI Bank was quick to process the loan and the documentation was normal and smooth. The rate of interest and processing charges is also normal. The after loan services is also good easy.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Aug 24, 2018
    • ICICI Bank Car Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      My car loan is with ICICI Bank. The process is good and the bank collected my documentation on time I also got the loan without any delay. The interest rate is around 8.95% and the processing fees is a bit higher. I have purchased a Wagon r and the tenure is for five years.
      Was this review helpful? 2
      , new delhi
      Reviewed on Aug 10, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a car loan with ICICI BANK and my loan experience is pretty good. My loan amount is 600000 and interest rate is is nominal. There are no hidden charges. I use to pay 12600 as EMI per month and tenure period is 5years. Processing fee is nominal.The process was so smooth at the time of documentation, i did not face any difficulties till date.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 10, 2018
    • ICICI Bank Car Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      My car loan is with ICICI Bank and the process to get the loan is good. I have taken a Maruti Suzuki Vitara Brezza. The documentation was taken on time and loan was disbursed on time. The rate of interest is 8.75% and the processing fees is also normal.
      Was this review helpful? 1
      , greater noida
      Reviewed on Aug 09, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken car loan from the Icici bank . Am satisfied with the rate of interest which they have given . There is no processing fees they did instant approval They have given the tenure p[period of 4 years with some nominal processing fees. Overall am satisfied with their customer service and responce .
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 25, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have taken a car loan from the ICICI bank for 6 lacs, the interest rate was normal when comparing with the other banks in the market. I am paying an EMI of 12000 per month. It was a easy and hassle free car loan experience with the ICICI bank.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jul 21, 2018
    • ICICI Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with ICICI bank and my loan experience was good, the loan amount was for Rs 2.5 lakhs with nominal interest rate when compared to others. I have taken ALTO and my loan was approved based on ex-showroom price. The tenure period for this loan is 4 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 20, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a moderate experience i had from them, and the process in getting this loan had been very simple and has been easy. The loan amount which they had provided had been satisfactory and the interest rate with them had been nominal. There has not been any hassles faced with the banking services of them.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Jul 13, 2018
    • ICICI Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It had been a good experience with the loan process where it had been easy and smooth. The loan amount which they had given had been satisfactory and the interest rate with them had been quite high compared with the market rate. Their customer support had been good and they had been helpful at times.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 07, 2018
    • ICICI Bank Car Loan
      "very good service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was very good with ICICI bank, the process took 20-25 days to complete and disburse the loan amount. Customer service was not up to the mark as there was a language issue. The loan amount was for Rs 3.5 lakhs for 5 years with 8.75% as interest rate.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jun 27, 2018
    • ICICI Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was an average experience with ICICI bank car loan, i did not get documents till now and even the customer support team did not follow up on time. The rate of interest of 8.65% is quite high when compared to others. I received my loan amount within 10 days and the car loan was approved based on ex-showroom price.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 26, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from the ICICI bank for 5 Lacs, I got the loan amount with in 2 days, The documentation was also easy with the Aadhar and PAN. The application was done at the showroom and it has been so easy to get the loan from ICICI bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from the ICICI bank for 4 Lakhs . The whole process was easy and hassle free. The loan was applied at the showroom and was processed with in 2 days. The documentation was also very smooth. Overall it has been a smooth car loan experience with the ICICI bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2018
    • ICICI Bank Car Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience with the loan and the process has been very simple and fast where it has taken just 3-4 days in getting the loan amount. I was completely satisfied with loan amount which they had provided and the interest rate which they where charging had been okay.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from the ICICI bank for 4 lacs. The loan was applied through the agent It was processed with in 4 days. The whole process was easy and hassle free. The agent took care of everything. It was a hassle free experience with the ICICI car loan application.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 12, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Got the car loan from the ICICI bank around 4months ago. They have disbursed the loan amount within 2 days of time. The customer support service and the response is good from the ICICI ban. The rate of interest and the charges are average from the ICICI bank car loan services.
      Was this review helpful? 1
      , lucknow
      Reviewed on Jun 01, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have approached car loan with ICICI BANK 6 months back. I have postponed the plan for about 3-6 months. The loan amount was 7 lakhs and the interest rate was 8.75% which is bit high .,The customer service and responses was good.My experience was satisfactory .
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 29, 2018
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