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  • ICICI Car Loan Eligibility Calculator is Rated as "Great!" by 2414 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!"
      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? 0
      , 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
    • ICICI Bank Car Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have approached ICICI bank for my car loan. The loan amount was 3 laksh and the interest rate was 8.95% which so very high. I have cancelled the plan and postponed. The customer service and responsiveness were good. My experience was good..
      Was this review helpful? 0
      , lucknow
      Reviewed on May 29, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have approached ICICI BANK for my car loan . I was looking for 5 lakhs and the interest rate was 8.75% which is average in the market . The customer service and responses was very good. I have postponed the plan and can celled the request also. The customer service and responses was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 29, 2018
    • ICICI Bank Car Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      I have approached ICICI bank for a car loan. I was looking for 3.5 lakhs and the interest rte was very high so I have cancelled the request and postponed the plan. The customer service and responses was very good.My overall experience was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 29, 2018
    • ICICI Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have approached ICICI BANK for my car loan. I was looking for 5 lakhs and the interest rate was 8.75% which is average . I have canceled the loan process since the plan was postponed . Request . The customer service and responses was good. My experience was good.
      Was this review helpful? 0
      , greater noida
      Reviewed on May 28, 2018
    • ICICI Bank Car Loan
      "Average"
      0.5 4.0/5 "Great!"
      I have approached ICICI BANK for my car loan .The plan was changed so i have cancelled the request . The loan amount was 3 lakhs and the interest rate was 8.95% which is high . The customer service and responses was good.My overall experience was good.
      Was this review helpful? 0
      , rajkot
      Reviewed on May 28, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from the ICICI bank. The application process was Smooth. The loan was approved with in 24 hours. I work for vehicle manufacturing unit, we have personal connections with the bank. The loan amount gets auto debited from the account. Overall it was a smooth experience.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 24, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a car loan with ICICI bank and my experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Customer service was good, they responded on time and the tenure period for this loan is 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a Car loan of 7 lakhs from the ICICI bank. The loan application process is very fast with in 5 days the loan amount was credited to the account. Overall the whole process was quick and hassle free. I never had any issues with the process...
      Was this review helpful? 0
      , secunderabad
      Reviewed on May 20, 2018
    • ICICI Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I took a car loan from the ICICI bank for 18 Lakh. The loan is about get closed just need to pay a month more.I applied for the loan through the bank and it took almost 25 days to process the loan. The branch staff came to my home and the documentation part is hassle free. Overall it was a smooth loan experience.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 20, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The ICICI bank car loan service is good and I am satisfied with it. I have got the car loan from the ICICI bank around 8months ago. The customer support sreice and the response is good from the ICICI bank. The rate of interest and the charges are average with the ICICI bank.
      Was this review helpful? 0
      , mysore
      Reviewed on May 16, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      There was some problem with the Application of my ICICI Car loan, documents collections was postponed however the Communication was very good. Overall the application process was quick and hassle free. Even though the loan wasn't processed it was a good experience.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I am planning to apply for a Property loan which was the reason I canceled the car loan application. The application process was very good and hassle free, Overall I never had any issues with the loan process. Overall it was a good experience.
      Was this review helpful? 0
      , pune
      Reviewed on May 15, 2018
    • ICICI Bank Car Loan
      "Good Service high rates"
      0.5 5.0/5 "Blown Away!"
      The application process was very nice.The rate of interest was higher than other banks, that's the reason I've applied the loan through a different bank . Overall the whole process was good and hassle free. I never faced any other issues during the application
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 15, 2018
    • ICICI Bank Car Loan
      "ICICI bank car loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from ICICI bank and the approved loan amount was 6.56 lakhs. The rate of interest was 8.85%. The monthly emi is 13500 for tenure of 5 years.There was processing fee of 3500.The customer service and response is fine.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 15, 2018
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