If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • ICICI Car Loan Eligibility Calculator is Rated as "Great!" by 2472 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.

    • 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!"
      I have been holding my car loan with ICICI bank for long time, they have given me sufficient loan amount, and they have charged me nominal rate of interest in this loan , they have charged me up to 8.85% .And they have charged processing fee in this loan ,they have charged me up to 2000 rupees, overall experience was too good in this bank.Still the loan is running.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 22, 2019
    • ICICI Bank Car Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting loan was quite easy and smooth where it was not lengthy and they had collected the documents at the doorsteps. The loan amount which they had provided has been sufficient and the interest rate with them has been less when compared with the other banks. The charges which they had made has been nominal as well. Their customer support has also been responsive and was helpful.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 22, 2019
    • ICICI Bank Car Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I took the used car loan from ICICI bank for the amount of Rs. 5.8 lakhs, in that Rs. 4000 processing fee has been reduced. Anyway the car loan is sufficient, I got the amount within 10 working days, the verification process is easy. Customer support is good on the loan application with better interest rate.
      Was this review helpful? 0
      , noida
      Reviewed on Jan 21, 2019
    • ICICI Bank Car Loan
      "Loan amount should be satisfied"
      0.5 4.0/5 "Great!"
      The loan amount is sufficient, Hydundai grand price is around 6.55 lakhs, but the bank have sanctioned the amount around Rs. 4.65 lakhs it was not sufficient. The document collection and processing part was easy. Finally they approved the loan with 9.40% of interest for the tenure period of 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 21, 2019
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since the Rate of interest is very minimum with them and the process in getting the loan was very easy. The loan amount which they had provided has been sufficient and the charges which they had made where nominal. There has been a help from their customer support as well.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jan 21, 2019
    • ICICI Bank Car Loan
      "Recommendable loan"
      0.5 4.0/5 "Great!"
      Because of I'm salary holder of ICICI hence i thought of good interest rate. The overall process and documentation process was smoother one. Processing fee was zero and I'm satisfied with the interest even though they would have given better. They sanctioned the loan on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • ICICI Bank Car Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have purchased Maruti car and it was okay okay not completely satisfied. They have provided 80 -90% of funding, The rate of interest and charges are okay which I don't remember much because it was 3 years ago and yet to complete. The customer service and response was better. The loan process was faster and good only the charges are more.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2019
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with ICICI bank, the rate of interest they have charged me was nominal and they have charged me processing fee they have charged me which was nominal, the loan amount they have given me was sufficient according to the car price i got my loan, still this loan is running,overall service is good.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 08, 2019
    • ICICI Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan was quite good and there hasn't been any hassle faced. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal as well. There has not been any sort of additional charges which was made by them.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 07, 2019
    • ICICI Bank Car Loan
      "Good car loan experience"
      0.5 5.0/5 "Blown Away!"
      I bought the ICICI Car loan in the year of 2016. I got the loan amount of Rs. 7.50 lakhs and they have offered me a interest rate of 13.5% and the processing fee was a nominal fee. I pay the premium amount of Rs. 2500. I have chosen the tenure period of 3 years. Overall documentation process was fine.
      Was this review helpful? 3
      , pune
      Reviewed on Dec 29, 2018
    • ICICI Bank Car Loan
      "Good Services"
      0.5 5.0/5 "Blown Away!"
      In 2014, i have selected the car loan from ICICI. I have selected the tenure period of 3 years. Since i have a savings account with them, i have selected the ICICI bank for my car loan. In two days, i have received the loan. I have purchased the loan amount of Rs. 5 lakhs and the interest rate was 11.5%
      Was this review helpful? 2
      , pune
      Reviewed on Dec 29, 2018
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was quite a good experience i had with this loan where the loan amount has been sufficient and the interest rate with them has been nominal as well. The charges which they had made has been nominal and their customer support has been responsive as well.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 20, 2018
    • ICICI Bank Car Loan
      "Good car loan"
      0.5 5.0/5 "Blown Away!"
      I have purchased the car loan 6 years back with ICICI. The interest rates were convenient one and i'm not sure about the processing fee. I have pre-closure the loan without any extra charges. The loan amount taken was Rs. 3 lakhs however the actual tenure period of 5 years.
      Was this review helpful? 2
      , kolkata
      Reviewed on Dec 19, 2018
    • ICICI Bank Car Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My car loan was purchased with ICICI. I took the loan 3 years back. Since the quick process in ICICI, i have chosen them. Got the loan amount of Rs. 6 lakhs and the interest rates are satisfactory one. I pay the EMI of Rs. 10000 every month and its a tenure period of 5 years.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 19, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am holding my car loan with ICICI bank, the rate of interest they have charged me was nominal for me, and even Emi they are taking in month nominal only and they have not charged any processing fee and loan amount was sufficient,there are no hidden charges in this loan ,overall service rendered by them was really good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 15, 2018
    • ICICI Bank Car Loan
      "Best service"
      0.5 4.0/5 "Great!"
      My car loan has taken with ICICI BANK , they charge nominal of interest rate in the market . The process was too smooth and fast i receive the loan within few days and it is best service i got . The tenure period is 5years . Customer service and their response is good with this bank .
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 15, 2018
    • ICICI Bank Car Loan
      "Good car loan with ICICI"
      0.5 5.0/5 "Blown Away!"
      I bought my car loan around April. I have got the loan amount of Rs. 10 lakhs. The documentation process was very easy. The total tenure period of the loan is 10 years. I have been paying the EMI of Rs. 15000. Within a week i have received the car loan. I make the payment through ECS.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 13, 2018
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied my car loan with ICICI bank recently, i have been using this loan from past 5-6 months only, and i took my car three years back only but loan i have took recently, and the loan amount they have given me was sufficient , and the rate of interest they have charged me was nominal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 12, 2018
    • ICICI Bank Car Loan
      "Very Easy process"
      0.5 5.0/5 "Blown Away!"
      ICICI bank provides the best banking solutions. 1 year i have purchased the care loan. I got the loan amount of Rs. 4.50 lakhs. Within 3 days, i have received the loan amount. I pay the premium amount of Rs. 30500 and i have chosen the tenure period of 36 months. The documentation process was also very easy.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 11, 2018
    • ICICI Bank Car Loan
      "Good Experience on car loan"
      0.5 4.0/5 "Great!"
      My experience with ICICI of the car is good, they taken 7 to 10 days to disbursed the amount to the dealer, I have purchase Renault kwit 2013 model, the loan amount is sufficient as I expected, customer support is good. The interest rate is little higher.
      Was this review helpful? 0
      , jabalpur
      Reviewed on Dec 10, 2018
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