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 1714 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

    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
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      It was a good service with ICICI bank for the car loan process. I applied for the loan but I could not proceed further from banking end I have no problem even loan got processed but the main issue is with the dealer they have said the car will be available after 6 months, I cancelled the plan since I need the loan on an urgent basis.
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      , mumbai
      Reviewed on Jun 22, 2017
    • ICICI Bank Car Loan
      "The Best Service"
      0.5 5.0/5 "Blown Away!"
      ICICI bank is good in terms of providing good service. I submitted my car loan application with ICICI through third party online source. The bank is responded well and contacted me promptly. But I postponed my plan due to some reason. But I received best service from ICICI.
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      , indore
      Reviewed on Jun 22, 2017
    • ICICI Bank Car Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      ICICI bank approached me for the car loan. But at that time I had not decided to purchase a car so I did not accept the offer and told them that I will avail it later. But the ICICI bank is very prompt in providing response and they had spoken with me in a very good manner.
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      , thane
      Reviewed on Jun 22, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      It was a good service with ICICI bank for the car loan process. I applied for the loan but I could not followup with them in order to get the loan. I was held up in other work so I had no time for it. So I just postponed my plan in taking the car loan. But services of ICICI bank is good.
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      , indore
      Reviewed on Jun 21, 2017
    • ICICI Bank Car Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      What stopped the process was, I was not in need to get the car loan as of now and that's why I did not go ahead with the ICICI bank. Customer service with the ICICI bank and they have contacted me on an immediate basis. Rate of interest varies based on the capital amount.
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      , noida
      Reviewed on Jun 21, 2017
    • ICICI Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a car loan with ICICI Bank. The response was good. They contacted me and informed me the details. I did not proceed ahead as I have postponed my plan after discussing with my family The customer service and response from the bank executive was really good
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      , ahmedabad
      Reviewed on Jun 20, 2017
    • ICICI Bank Car Loan
      "Overall package is good when its open its not up to the mark"
      0.5 3.5/5 "Pretty good"
      The interest rate levied by ICICI bank is slightly higher than the normal one. One of my friend has got a Baleno car with a higher interest rate, but he is paying less interest rate also the EMI options need to be more transparent with ICICI bank. I got the loan within a week's time. The required loan amount was disbursed by ICICI bank on time. Even I cannot compare the processing fee as I don't have any prior experience and this happened to be my first experience.
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      , new delhi
      Reviewed on Jun 20, 2017
    • ICICI Bank Car Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      The whole process hardly took a week's time to get completed. ICICI bank executive came and collected all the relevant documents on the assigned time and date. Further, I had got the required loan amount too. The rate of interest is too high in the beginning later after negotiating,they have reduced the interest rate and they have offered the best interest rate.I am completely happy about the loan service and to conclude, I am very much satisfied with their service.
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      , pune
      Reviewed on Jun 20, 2017
    • ICICI Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      ICICI gave proper communication on car loan request. ICICI process was smooth and hassle free.They did very good documentation and done the disbursement on time with in 3 days my loan got approved. ICICI offered me the interest rate of 8.50.% and with the processing fee of 6000 rupees I found interest rate was nominal like other bank.
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      , junagadh
      Reviewed on Jun 19, 2017
    • ICICI Bank Car Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I do not have anything to provide a good review for ICICI bank. The reason is, I received no response from the bank. At least they should have called once.This is not the kind of service customer is expecting I haD applied for 4.5L over all, it was not a good service for the car loan.
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      , vadodara
      Reviewed on Jun 19, 2017
    • ICICI Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      ICICI gave proper communication on car loan request. ICICI process was smooth and hassle free.They did very good documentation and done the disbursement on time with in 2 days my loan got approved. ICICI offered me the interest rate of 8.75% and with the processing fee of 1% of the loan amount. I found interest rate was nominal like other bank
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      , surat
      Reviewed on Jun 19, 2017
    • ICICI Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had not taken the car loan from ICICI bank because I was just having an inquiry regarding the car the loan amount I was intending to borrow 3.85 lakhs from ICICI. Bank executive contacted me and helped me by giving me the details what I needed and my over all experience was good.
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      , mohali
      Reviewed on Jun 15, 2017
    • ICICI Bank Car Loan
      "Fast Service"
      0.5 4.0/5 "Great!"
      I had taken the car loan from ICICI bank. The interest rate is 9% I believe. ICICI is a recommendable bank for the car loan because when I was processing the loan with them, they delivered such a fast service. The customer service and response is normal.
      Was this review helpful? 1

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      , bangalore
      Reviewed on Jun 15, 2017
    • ICICI Bank Car Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      The process at ICICI bank was good and quick and hassle free. I got the car loan within a week with a interest rate around 9.5%. The processing charges was also normal. The customer services and response was good with the collection of the documents too.
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      , bangalore
      Reviewed on Jun 15, 2017
    • ICICI Bank Car Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      I hold a credit card at ICICI bank and the features are always good, I get the regular offers and the credit limit is also to my satisfaction. The customer support team has always given attention to me when ever I reached out to them and the bills I get has always been clear.
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      , vadodara
      Reviewed on Jun 14, 2017
    • ICICI Bank Car Loan
      "Good in response"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank done a good job on the car loan, I was contacted on time and given the details. I could not go ahead with the loan because I postponed my plans to buy a vehicle. The interest rate and processing charges was a bit on the higher side. Else the experience was good.
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      , new delhi
      Reviewed on Jun 12, 2017
    • ICICI Bank Car Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      ICICI bank has been good in the services and I am happy with the experience. I did not take the car loan as I postponed my plan. The process started off promptly and in all I had no issues. The interest rate and processing charges was normal when compared to other banks.
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      , mumbai
      Reviewed on Jun 12, 2017
    • ICICI Bank Car Loan
      "Great"
      0.5 4.0/5 "Great!"
      I have closed the car loan with the rate of interest as 9.25% in ICICI bank. Services were better one with the ICICI bank and I was satisfied. Interest rate was the only concern with the ICICI bank and I got the RC book and NOC in a day itself.
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      , chennai
      Reviewed on Jun 12, 2017
    • ICICI Bank Car Loan
      "Good experience "
      0.5 5.0/5 "Blown Away!"
      I have not taken the car loan with the ICICI bank because I am going to transfer to some other location. Rate of interest was not aware and the ICICI bank executives have contacted me immediately. In future, I would like to go ahead with them.
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      , noida
      Reviewed on Jun 12, 2017
    • ICICI Bank Car Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      I availed car loan from ICICI bank and the rate of interest for the loan is around 8.5% which is nominal and I think the rate of interest is same with all the banks for the vehicle loan. ICICI bank is normally high on interest rate. There is no issues with the customer service.
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      , pune
      Reviewed on Jun 12, 2017
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