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

    We found 1 ICICI Car Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.10% - 13.25% Fixed
    Up to ₹ 6,153 One time fee
    1L Min
    1-7 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    ICICI Car Loan Eligibility Calculator is Rated as "Great!" by 1623 Users

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    Car Loan BYTES FROM OUR KITCHEN

    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.

    • 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
      "Good Service"
      0.5 4.0/5 "Great!"
      ICICI Bank was way responsive to my personal loan application. But I did not proceed with them because they said they cannot process the loan commercial purpose only they will do for own purposes I was about to apply for 3 to 4 lakhs rupees loan
      Was this review helpful? 0
      , vadodara
      Reviewed on May 25, 2017
    • ICICI Bank Car Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      In the year of 2014, I had taken a car loan with ICICI bank. There was no issues with the bank while taking the loan. I cleared the loan within one or two months and I got clearance certificate from the bank. When I went to the bank for the loan, they processed the loan within a day. I got such a good response from the bank.
      Was this review helpful? 0
      , salem
      Reviewed on May 24, 2017
    • ICICI Bank Car Loan
      "Not good"
      0.5 2.0/5 "Expected more"
      I got the car loan with the ICICI bank and the interest rate was on higher end. It was processed by the dealer itself , so the process end up in a very fast way. Customer service was fine one with the ICICI bank for my car loan. I was not abel to trace the account or statement till now.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 22, 2017
    • ICICI Bank Car Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      ICICI got a wonderful response on my car loan application. They asked me to submit the documents to process the loan. The rate of interest charged by them is very high when compared with others. I am very much happy with the loan amount too. ICICI bank was able to disburse the loan within a week's time. Totally, I am very much happy with the car loan service offered by ICICI.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on May 22, 2017
    • ICICI Bank Car Loan
      "Superb service"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank is too good in responding on my car loan application. I am pretty much happy with the loan amount too. The rate of interest levied by ICICI bank is pretty much nominal. ICICI bank had taken around 3 to 4 days of time to disburse my car loan.
      Was this review helpful? 2
      , delhi
      Reviewed on May 22, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had applied for the car loan at ICICI bank. I had received a call from the bank complete information was shared with me over the phone. At present I looking out for a second hand car loan, The rate of interest will be high for it, but for the new car loan also ICICI is charging high loan amount compare to HDFC 1.50% high opted for 2.90 laks,
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 21, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I directly approached ICICI bank for my car loan. I got good service from the bank on my car loan application. They processed my loan without any delay and they completed the process in a good manner. Interest rate is somewhat good and I had no issues with the bank absolutely.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 20, 2017
    • ICICI Bank Car Loan
      "Could be more careful"
      0.5 2.0/5 "Expected more"
      Experience was good one with the ICICI bank for the car loan but there were some issues with the rate of interest negotiation. Customer service was really good with them and there were no worries with them and the response was an immediate one. Finally , I got the rate of interest as 9.45%, though lot of negotiation happened.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 19, 2017
    • ICICI Bank Car Loan
      "Loan disbursement process has to be improved"
      0.5 4.5/5 "Excellent!"
      ICICI takes a very long time to disburse the amount to the car dealer, they had collected the documents on time but done the process delay. ICICI interest rate is good they quoted 9% but offered only around 8.75% on car loan and also they sanctioned 100% .
      Was this review helpful? 0
      , new delhi
      Reviewed on May 19, 2017
    • ICICI Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The ICICI car loan is a bit expensive when compared with others, at present I had postponed the plan , I would be getting the loan after 2 months. The response and the follow up was prompt with ICICI bank. ICICI executives were about to collect the documents , after that they informed that I have just postponed my plan. The rate of interest is high with ICICI. Overall the service is average and it would be great if they could bring down their rates in future.
      Was this review helpful? 0
      , nagpur
      Reviewed on May 19, 2017
    • ICICI Bank Car Loan
      "Much faster process"
      0.5 5.0/5 "Blown Away!"
      ICICI had done the car loan disbursement very fast within two days, disbursement was sent to the dealer, Their executives are very supportive they had offered competitive interest rate as per the market and they sanctioned 90% loan on the road value. Totally, It was a good experience in all.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • ICICI Bank Car Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      I have closed the car loan with the ICICI bank annd the intereet rate was around 12.25% on that time., which was really huge. Services are good one with the ICICI bank and the response is also an average with them because of lengthy documentation process. I got the loan amount within fifteen days of time.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 17, 2017
    • ICICI Bank Car Loan
      "Good experience "
      0.5 4.0/5 "Great!"
      Experience was a good one with the ICICI bank for the car loan, which I have taken. Rate of interest was around 8.4% after lot of negotiation. Customer service was fine with the ICICI bank and it took lot of time to get the loan amount. Hardly, it took a month of time to get the loan , also there was some delay from my end too.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 17, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Interest rate is pretty good for the car loan process from ICICI bank. I had taken a car loan about two years back. I am quite happy with the services of car loan process. They were simply good in processing the loan without any delay. I got proper service from them as well.
      Was this review helpful? 0
      , nagpur
      Reviewed on May 16, 2017
    • ICICI Bank Car Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I had taken the car loan during the year 2007 from ICICI, they had offered me an interest rate of 12.4% on car loan. I got 100% loan at car on road value and they sanctioned the loan within 15 days of request and my loan got closed in 2010. I got the NOC from the ICICI on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 16, 2017
    • ICICI Bank Car Loan
      "Average response"
      0.5 3.0/5 "Satisfactory"
      I had a good deal on the interest rate and processing charges for the car loan at ICICI bank. The rate of interest was of 8.45% and and the processing charges was minimal. But the major drawback is the executives assigned was not responsive at all and on the day of disbursement they did not answer the calls.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 15, 2017
    • ICICI Bank Car Loan
      "Super fast process"
      0.5 5.0/5 "Blown Away!"
      It was a nice dealing with ICICI Bank for the car loan. I got the loan within two to three 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 9.45% and the processing charges was minimal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 15, 2017
    • ICICI Bank Car Loan
      "Good in Response"
      0.5 5.0/5 "Blown Away!"
      I approached ICICI bank for the car loan. When I submitted my loan application I got good service from them. There was no challenges to avail the loan from ICICI bank. Even they quoted a normal rate of interest which is very much satisfactory.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 15, 2017
    • ICICI Bank Car Loan
      "Satisfying service"
      0.5 3.0/5 "Satisfactory"
      When I had applied for car loan with ICICI bank, the response was really good and prompt. They gave a call and told that they will come and collect the documents, but immediately I told the executives that I am not looking for car right away. That was the reason I had postponed the car loan.
      Was this review helpful? 2
      , mumbai
      Reviewed on May 10, 2017
    • ICICI Bank Car Loan
      "Be Customer Oriented"
      0.5 3.0/5 "Satisfactory"
      ICICI bank denied my car loan application as I do not have salary account. Also I am getting my salary as cash. So the bank denied to provide the loan. Initially they provide a proper response and informed me about the car loan but I had to close my application.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on May 10, 2017
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