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 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.
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.
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.
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.
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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