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

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    9.10% - 15% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
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    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
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    ICICI Car Loan Eligibility Calculator is Rated as "Great!" by 1789 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.

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    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.

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    • 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.

    Check here: How to Apply ICICI Bank Car Loan Online? ICICI Bank Car Loan Online

    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.

    Want to know ICICI Bank Car Loan Interest Rates Check hereICICI Bank Car Loan 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.

    Click here : ICICI Bank Car Loan Customer Care NumberICICI Bank Car Loan Customer Care Number

    GST of 18% is applicable on all banking products and services from the 1st of July, 2017.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

     
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    • Car Loan Reviews

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    • ICICI Bank Car Loan
      "Perfect service"
      0.5 4.0/5 "Great!"
      It was a smooth process followed by ICICI bank in concern to my car loan. They have disbursed my loan amount in 10 days. The rate of interest is nominal with ICICI bank. The requested loan amount was not given due to their limitation but still I am satisfied with the loan amount as it has met my requirement.
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      , bangalore
      Reviewed on Aug 11, 2017
    • ICICI Bank Car Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The ICICI bank has offered me a car loan with very low interest rate. The car loan was smooth with ICICI bank. They took around a week time to disburse my car loan amount. The way they give response to the customer is very good. I can say I got very good service from ICICI bank.
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      , vadodara
      Reviewed on Aug 11, 2017
    • ICICI Bank Car Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The Whole car loan process took around 4 to 5 working days. The service was prompt with ICICI bank, but there is little delay in their process. The rate of interest is nominal with ICICI bank. I am satisfied with the loan amount. I would say I got better service from ICICI bank.
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      , ghaziabad
      Reviewed on Aug 10, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank Car loan was disbursed within 10 to 15 days of time. The delay was made by my end, so that was the reason the loan was disbursement took too much of time . Interest rate is high, when compared with others. I would say I got Good service from ICICI bank.
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      , bangalore
      Reviewed on Aug 10, 2017
    • ICICI Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was a dealing with ICICI Bank for the car loan. I got the loan within 10 to 15 days. It was a fast process and I am also happy with the after loan services, it is smooth. The rate of interest was of 8.75% approximately and there was no processing fee charged.the loana mount i have applied for 6.40 received around 5.70 lakhs.
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      , bhopal
      Reviewed on Aug 10, 2017
    • ICICI Bank Car Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      Experience was good for the car loan with the ICICI bank. Response was really good, also there were no worries with them till now. The loan amount got disbursed to my account within fifteen to twenty days of time from the time, when I have applied.
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      , surat
      Reviewed on Aug 10, 2017
    • ICICI Bank Car Loan
      "Satisfactory "
      0.5 5.0/5 "Blown Away!"
      In the recent past, I had taken a car loan with ICICI bank and the customer services are good. I got the loan within ten days. The processing charges was of 2800 and the rate of interest was of 8.8%. The bank offered me 92% of the loan and the after loan services is also good.
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      , noida
      Reviewed on Aug 08, 2017
    • ICICI Bank Car Loan
      "RATE OF INTREST HIGH"
      0.5 1.0/5 "Really Bad"
      Since I have postponed my plan in buying the vehicle because the rate of interest was high compare to other banks . 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. Over all it was good and i applied for 6 laksh rupees loan
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      , new delhi
      Reviewed on Aug 08, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      When i applied for the car loan i got the timely response from icici bank.The bank executive also responded on time. They were ready to offer the loan amount I have dropped the plan fo opting the car loan. I had an idea of talking the loan for about 2.5 laksh over everything else was fine with them
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      , indore
      Reviewed on Aug 07, 2017
    • ICICI Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      After I registered for a car loan with ICICI Bank, the response was quick and they contacted me on time. I did not go ahead with the bank because my car loan got approved with other bank. So I did not go to the level of talking about the interest rate and charges the loan amount I applied was for 7 lakhs.
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      , rajkot
      Reviewed on Aug 07, 2017
    • ICICI Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had 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 were ready to provide me the loan but unfortunately I had to drop the plan because of the salary hike so planned to take it later after some time.
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      , new delhi
      Reviewed on Aug 06, 2017
    • ICICI Bank Car Loan
      "Good deal and process"
      0.5 4.0/5 "Great!"
      I got a 100% loan with ICICI Bank. It was a car loan it was good experience overall. It was nice to a get the full value of the vehicle. The customer services was good and it was on time. The rate of interest and processing charges was normal. I am happy with the whole experience.
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      , hyderabad
      Reviewed on Aug 04, 2017
    • ICICI Bank Car Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      What stopped me from taking car loan from ICICI bank was because the response was not on time and not good as well, more over not sure what exactly happened, I would like to say that the customer service was an average one with them and the response was kind of okay and the loan amount I have applied was for 3 lakhs.
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      , jaipur
      Reviewed on Aug 02, 2017
    • ICICI Bank Car Loan
      "Needs to be improved"
      0.5 2.0/5 "Expected more"
      I was searching for the car loan , then I found that ICICI bank is giving the best interest rate. I have applied for the car loan with ICICI bank, but due to the bank norms they told I am not eligible to get the car loan , which made me feel bad, it would be great if ICICI bank gives the confirmation in the beginning when we place the request itself. Therefore, I would suggest ICICI bank to focus more on customer satisfaction.
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      , bangalore
      Reviewed on Jul 30, 2017
    • ICICI Bank Car Loan
      "Very Good service"
      0.5 4.5/5 "Excellent!"
      The ICICI bank has disbursed my car loan within a week's time. The process was very smooth , they have explained me almost everything and asked me to submit the required documents, immediately they have disbursed the loan. The customer service and the response is really good with ICICI bank. The rate of interest is average with ICICI car loan. I am very much satisfied with ICICI and I am completely happy to use their service.
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      , pune
      Reviewed on Jul 27, 2017
    • ICICI Bank Car Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The ICICI bank Car loan Interest rate is too high when compared with Kotak mahindra so that was the reason I haven't proceed with ICICI bank car loan. The customer service and the response is Average with ICICI bank. I would say the interest rate can be decreased with ICICI in future.
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      , bangalore
      Reviewed on Jul 24, 2017
    • 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.
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      , 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.
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      , 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.
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      , 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.
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      , ghaziabad
      Reviewed on Jul 13, 2017
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