If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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 2335 Users

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    ICICI Car Loan Eligibility Calculator

    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.

    Car Loan Reviews

    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The car loan service is good with the ICICI bank and they have offered me a loan within the promised time. The customer support is very supportive and they are very much supportive. The ICICI bank executives directly helped me to get in touch with the car dealer ,. The rate of interest and the charges are nominal with the ICICI bank.
      Was this review helpful? 4
      , new delhi
      Reviewed on Dec 11, 2017
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have got the employee car loan from ICICI bank and I got the loan amount of Rs,3,50,000. The rate of interest and the charges are nominal with ICICI bank when compared with the other banks. The customer support is good with ICICI bank and this loan has the tenure of 5years.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 11, 2017
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was my personal reason I have postponed my loan process with icici ,the interest rate was nominal customer support was prompt with icici compare to others in the market also I got a better offer it was the main reason for cancellation of my loan process with icici.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 06, 2017
    • ICICI Bank Car Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I dont interacted much with icici staffs regarding my car loan service ,but the customer support was good with icici compare to other banks in the market and the rate of interest they offered me was 9 % which was high for me. I had placed my loan request on hold temporarily for my personal reasons it was a average service that I received from ICICI Bank car loan services.
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 06, 2017
    • ICICI Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest was very high with icici car loan department compare to others in the market. The customer support was prompt but I was with my personal problems so was unable to process further with my loan process it was a good experience with icici car loan service.
      Was this review helpful? 1
      , indore
      Reviewed on Dec 06, 2017
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service was good with icici ,they lack in communication and there is no proper response from icici also the customer service was good compare to others in the market,but I got a better offer it was the main reason for cancellation of my car loan process with icici.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 06, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan application was closed with ICICI bank, it is because i have postponed the plan to get the car loan. I did not find any issues with the customer service, they were good and their response was also good, follow up was done correctly. The rate of interest is little high when compared to all other banks.
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 02, 2017
    • ICICI Bank Car Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the car loan from ICICI bank, my loan application was closed because i have canceled the plan to get the car loan. I am planning to take a car loan in the month of January or March. Customer service from ICICI bank was good and they responded on time. I am not aware of the rate of interest.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 02, 2017
    • ICICI Bank Car Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I had applied for a car loan with ICICI Bank through online channel. I received a call from the customer service representative and informed than I had postponed my plan for next month. The response was good. The rate of interest and other charges were not discussed with me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 02, 2017
    • ICICI Bank Car Loan
      "Car not fixed"
      0.5 4.0/5 "Great!"
      I have planned to take a car loan with ICICI bank. At that time i have not fixed with the car so i could not able to process the loan with the bank and it got closed. I have already purchase the car were i hold my salary account.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 02, 2017
    • ICICI Bank Car Loan
      "Good One"
      0.5 4.0/5 "Great!"
      It was a good experience with ICICI Bank for the car loan process actually i arranged the amount from my sources so i did not opt for the loan . The Customer service is really good from the icici bank side .The required Information was given by the bank side .The rate of interest was high 9% and also was the processing fee .Rest everything was very good from the bank end .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 01, 2017
    • ICICI Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      It was a good car loan experience with ICICI bank, the loan amount was for Rs 11.20 lakhs with the nominal rate of interest. The process was very smooth and easy, my loan amount was approved within the given time. I have taken Innova car and my loan amount was given based on the on-road price. Customer service was good, they provided door step service to collect the documents.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 30, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank delivered a good customer service for the personal Car Loan process . The ICICI Bank provided me a full approval on the amount what i asked for . The amount got disbursed within two days and the bank charged me 8.65% as rate of interest and the processing fee of seven thousand . The bank gave me a option of pre closure and part payment also . It was a happy experience with ICICI Bank .
      Was this review helpful? 0
      , panipat
      Reviewed on Nov 30, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 4.5/5 "Excellent!"
      The ICICI Bank provided me a full approval on the loan amount i asked for the car loan . It was a good customer service from the Bank side .the amount got disbursed within 8 to 10 days . The rate of interest provided me was 9 to 10% and the processing fee was also minimal . The gave me a option of pre closure and part payment but i did not take it .
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 30, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      Every information was delivered to me in a proper manner from the ICICI Bank side . the customer service was up to the mark . I postponed my plan so i did not opt for the loan process . Over all it was a good experience i had with ICICI Bank and also services are good .
      Was this review helpful? 0
      , pune
      Reviewed on Nov 30, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I already bought the car and payed the dealer then i asked for a loan the bank did not have that kind of loan providing option , also the rate of interest was high 14% . So i cancled the application from my end . They contacted me on time and every information was delivered to me in a proper manner .it was a good customer service from the bank ICICI Bank side for the personal loan i received .
      Was this review helpful? 0
      , indore
      Reviewed on Nov 30, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I canceled the car loan in ICICI Bank application from my side .i actually postponed my plan . It was a good Customer service i received form the bank side . I was out of town and the executive from the bank were continuously calling me back to back so i had to force fully close it from my side . It was a good experience i can say .
      Was this review helpful? 0
      , pune
      Reviewed on Nov 29, 2017
    • ICICI Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It was a good customer service i received from the ICICI Bank for the car loan i applied for . They contacted on time and proper information was delivered to me . Actually i stay in agra and i received call from the new Delhi branch . They said me to contact Agra branch for the loan and they canceled the application .
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 29, 2017
    • ICICI Bank Car Loan
      "High rate of interest"
      0.5 3.0/5 "Satisfactory"
      As i have applied for a car loan with ICICI bank and the rate of interest with the bank is very high. The given rate of interest was 7.99% were i am not satisfied. Thus my loan application got closed. I just checked for the rate of interest with ICICI bank.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 25, 2017
    • ICICI Bank Car Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I have cancelled the plan of taking a car loan for now. Later in future if i am planning to take a car loan then i can prefer ICICI bank if every possibility was fine. The executives are very friendly and they gave me good response at the time of my application.
      Was this review helpful? 0
      , rajkot
      Reviewed on Nov 25, 2017
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