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 Bank Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.80% - 13% Fixed
    Up to ₹ 5,000 One time fee
    1L Min
    1-7 Years
    Response Time : Within 30 minutes
    Rs.2,500 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    ICICI Bank Car Loan is Rated as "Great!" by 2429 Users

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    Car Loan BYTES FROM OUR KITCHEN

    ICICI Bank Car Loan

    ICICI Bank offers low-interest rate new car loan, used car loan, and loan against car for the purchase new/used cars of most makes and models available in the Indian market. Existing ICICI Bank customers can get pre-qualified car loans. Select few from the existing customer list can benefit from special car loan offers at ICICI Bank. You can own your dream car by availing up to 100% ex-showroom price of the car for a maximum loan tenure of 7 years. Apply for a car loan online in order to get instant approval and speedy processing of the loan amount.


    You’re probably eligible for an ICICI Bank Car Loan if you are

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    ICICI Bank Car Loan Minimum Age

    At least 23 years old

    ICICI Bank Car Loan Maximum Age

    Less than 70 years old

    ICICI Bank Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    ICICI Bank Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your ICICI Bank Car Loan amount eligibility is based on these factors

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    ICICI Bank Car Loan Minimum Salary

    Minimum income required
    Rs.16,700 per month

    ICICI Bank Car Loan Maximum Loan to Value

    Loan capped @
    80% of the Ex-Showroom price of Car value

    ICICI Bank Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible ICICI Bank Car Loan amount by these steps

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    ICICI Bank Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    ICICI Bank Car Loan Maximum Tenure

    Choose longer tenure loan up to 7 years


    Documentation needed to apply for an ICICI Bank Car Loan

    • 1. Residence proof
    • 2. Photo ID and age proof
    • 3. Signed application form with photograph
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    ICICI Bank Car Loan Interest RatesUpdated on 16 Oct 2018

    ICICI Bank Car Loan Details
    Interest Rate (Monthly reducing balance) 8.80% to 13%
    Processing Fees Upto Rs.5000
    Loan Tenure 1 year to 7 years
    Pre-closure Charges Nil Preclosure charges applicable after 18 months
    Guarantor Requirement No guarantor required

    Overview About ICICI Car Loan

    As India’s largest private sector bank, ICICI has a widespread clientele comprising of retail and corporate customers. Formed in 1994, ICICI bank was originally promoted by ICICI Limited and was the first financial institution from India to be listed in the New York Stock Exchange. In a bid to effectively manage costs, ICICI has been encouraging customers to use internet and mobile modes of banking for managing their accounts and for transferring funds.

    ICICI is a pioneer in promoting banking via social media with its latest innovation ‘icicibankpay’ , a funds transfer platform using the social networking site, Twitter. ICICI has also launched a new digital wallet application, Pockets, which can be downloaded onto an Android phone and funds can be transferred to any contact listed on a customer’s smartphone. ICICI and its group companies provide a wide range of products and services consolidated through various delivery channels. As a key part of its product listing, ICICI car loans are offered with attractive interest rates and easy approvals.

    ICICI Bank is an Indian multinational banking and financial services company head quartered in Mumbai. It is the second largest bank in India by assets and by market capitalization. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels. Car Loans from ICICI Bank are extremely convenient, flexible and quick. They offer flexible schemes, attractive interest rates, and quick & hassle-free application. Read on to get details on Interest Rates, EMI, Documents and Eligibility for ICICI Car loan.

    Why choose an ICICI Bank Car Loan?

    ICICI Bank car loans are sanctioned quickly with instant approvals and are available with a lot of benefits. ICICI car loans can be easily applied on the ICICI bank website or on BankBazaar.com and an instant e-approval can be obtained. Existing ICICI bank customers can procure pre-approved car loans with the benefit of minimum documentation.

    ICICI Bank Car Loan Interest Rates

    ICICI Bank offers car loans at fixed interest rates wherein the interest rate remains the same throughout the loan tenure. The interest rate of a new car loan depends on customer relationship, loan tenure, and model of car. The interest rate of a used car loan depends on the age and model of the car, loan tenure, and refinancing details (if any).

    Type of car loan Up to 23 months24-35 months36-84 months
    Type of car loan Up to 23 months 24-35 months 36-84 months
    New car loan 12.75% 12% 10%
    Used car loan 15% 15% 15%

    ICICI Bank New Car Loan

    From passenger vehicles to commercial vehicles, ICICI Bank offers new car loans for the purchase of most makes and models of cars in the market. You can take home your dream car with a low-interest rate new car loan from ICICI Bank. Here are some important features of ICICI Bank New Car Loan:

    Services charges levied on ICICI Bank car loans

    Charges New Car LoanUsed Car Loan
    Processing fee
    • Rs.2,500 for car loans less than Rs.2.5 lakh
    • Rs.3,500 for car loans of Rs.2.5-3.9 lakh
    • Rs.4,000 for car loans of Rs.4-4.9 lakh
    • Rs.4,200 for car loans of Rs.5-9.9 lakh
    • Rs.5,000 for car loans above Rs.10 lakh
    Rs.6,000 or 2% of the loan amount, whichever is lower
    Part prepayment charges
    • 6% of the loan amount for part prepayment between 7 and 12 months
    • 5% of the loan amount for part prepayment between 13 and 24 months
    • 3% of the loan amount for part prepayment above 24 months
    • 6% of the loan amount for part prepayment between 7 and 12 months
    • 5% of the loan amount for part prepayment between 13 and 24 months
    • 3% of the loan amount for part prepayment above 24 months
    Loan cancellation charges Rs.3,000 per loan Rs.3,000 per loan
    Revalidation of NOC charges Rs.500 per NOC Rs.500 per NOC
    No Objection Certificate (NOC) or No Due Certificate (NDC) charges Rs.500 per duplicate certificate Rs.500 per duplicate certificate
    Prepayment statement charges Rs.200 per statement Rs.200 per statement
    Statement of account charges Rs.200 per statement Rs.200 per statement
    CIBIL report charges Rs.50 Rs.50
    Late payment charges 2% per month on the outstanding installment 2% per month on the outstanding installment
    Amortisation schedule charges Rs.500 per schedule Rs.500 per schedule
    Bounce charges Rs.500 per transaction Rs.500 per transaction
    Swap charges Rs.500 per transaction Rs.500 per transaction
    Full prepayment charges 5% on principal/interest outstanding for the remaining loan tenure, whichever is lower 5% on principal/interest outstanding for the remaining loan tenure, whichever is lower
    Documentation charges Rs.250 Rs.250
    Stamp Duty Actuals Actuals
    Registration Certificate collection charges Rs.200 Rs.200
    • You can avail a new car loan up to 100% of ex-showroom price of the car.
    • A new car loan is available for a loan tenure of up to 7 years.
    • ICICI Bank offers new cars loans at attractive rate of interests depending on the loan tenure, existing customer relationship and the model of car.
    • Keeping the customer's convenience in mind, the bank offers easy documentation for the application of new car loans.
    • The bank also offers insurance cover for loan liability which is repayable along with the car loan EMI.

    Check ICICI Bank Car Loan Application Status

    You can check your ICICI bank car loan application status on the bank website by entering the reference number or form number and clicking on the 'Submit' button. If you have forgotten the reference number, then you can submit an online form with details such as your name, date of birth, loan amount, and PAN number to get the reference number.

    ICICI Bank Car Loan For Existing Customers

    Existing customers of ICICI Bank can avail car loans to purchase their dream car. In addition, they can enjoy minimal documentation and faster processing of car loan application. ICICI Bank also extends top-up loan on existing car loan to help the existing customers fulfill their financial needs such as home renovation, child education, family vacation, business development, etc.

    ICICI Bank Car Loan Prepayment

    Part prepayment of car loan is allowed only after 6 successful EMIs. The minimum amount that the borrower can prepay must be equivalent to 1 EMI. The maximum amount that can be prepaid is 25% of the principal outstanding due. Part prepayment of car loan is allowed only 2 times over the loan tenure and 1 time during a year

    Features of an ICICI Car Loan

    ICICI makes owning a car very easy for individuals by offering attractive car loan schemes that can be procured with fast documentation procedures and instant e-approvals.

    • ICICI Bank finances up to 100% of the ex-showroom price of the new vehicle making it very convenient for a customer to manage his finances.
    • ICICI car loan tenures can be generally extended up to 7 years for new cars.
    • ICICI car loans are non-refundable loans and the bank charges the following processing fees based on the loan amount taken. The documentation charges remain the same at Rs 350/- for any quantum of loan.
      Loan Amount Availed Processing Charges
      Less than 2.5 lakhs Rs.2500/-
      2.5 Lakhs to 3.9 Lakhs Rs.3500/-
      4 Lakhs to 4.9 Lakhs Rs.4000/-
      5 Lakhs to 9.9 Lakhs Rs.4200/-
      Greater than 10 Lakhs Rs.5000/-
    • Part repayment of an ICICI car loan is not allowed by the bank, but customers can repay the loan in full with certain charges levied. ICICI charges 5% of the outstanding principal amount from the car loan or the outstanding interest for the remaining period of the loan, whichever is lower.
    • ICICI bank also levies charges for late payment of monthly installments and customers are charged 2% of the outstanding loan balance.
    • ICICI offers an additional insurance coverage for loan liability which can be repaid along with the monthly installments.
    • The bank has separate charges for getting loan and prepayment account statements, duplicate NOCs, Amortization Schedule, revalidation of NOC and also for getting NOC documents.
    • ICICI bank customers can also take top-up loans on their existing car loans with easy processing of loan applications
    ICICI Bank Car Loan

    How to apply for ICICI Bank Car Loan?

    At ICICI Bank, you can apply for a car loan through 4 methods:

    • Online method: Visit the bank website to download the application form. Submit the duly-filled and signed application form along with the above-mentioned necessary document proofs to the bank. By applying online for ICICI Bank car loan, you can get instant loan approval and enjoy speedy processing of your loan amount.
    • Offline method: You can also visit the nearest ICICI Bank branch to submit your car loan application and document proofs. A bank executive will help you with the car loan application process. Upon approval, the loan amount will be disbursed to your bank account within a matter of a few hours. The list of bank branches that can process your car loan application is listed on the bank webpage through the bank branch locator facility or tool.
    • Call back facility: You can also request a call back from the bank by submitting an online form with details such as name, contact number, city/state, convenient date and time to call, etc. This call back facility is only for product inquiries.
    • SMS: You can apply for an ICICI Bank car loan through SMS CAR to 5676766.

    Any individual aged between 21 and 65 years with a good credit score, a steady income, and a stable occupation can apply for a car loan. 750 and above are considered to be good credit scores. Car loan eligibility criteria varies from lender to lender. Visit the ICICI Bank’ website to check your car loan eligibility. It is important to check your eligibility before applying for a car loan so as to avoid rejection. Multiple loan rejections can have a negative impact on your credit score.

    Car loans are repaid through Equated Monthly Installments (EMIs) over a specified loan tenure. EMI consists of interest and principal amount. Using the ICICI Bank Car Loan EMI Calculator available on the bank website, you can find out how much your car loan will cost you on a monthly basis. It is simple and easy to use. All you have to do is enter the chosen loan amount, loan tenure, interest rate, and processing fee into the tool. Then, click on the ‘Calculate’ button. You will get instant and accurate EMI results consisting of details such as the principal loan amount, interest payments, EMIs, and the outstanding due after each EMI payment

    Customers who wish to avail a car loan from HDFC Bank can check their eligibility on the company’s website and make a loan application online within a minute. Once the documents have been submitted, the loan application process can be completed within a few minutes. The EMI towards the car loan can also be calculated on the bank’s website. Moreover, customers can also make the most of special discounts on the processing fee by applying for the loan online.

    The processing fee for the loan will be non-refundable. For amounts under Rs.2.5 lakhs, the processing fee will be Rs.2,500. For amounts between Rs.2.5 lakhs and Rs.3.9 lakhs, the processing fee will be Rs.3,500. For amounts ranging from Rs.4 lakhs to Rs.4.9 lakhs, the processing fee will be Rs.4,000. For amounts between Rs.5 lakhs and Rs.9.9 lakhs, the processing fee will be Rs.4,200. And for amounts in excess of Rs.10 lakhs, the processing fee will be Rs.5,000. The processing fee for second hand cars will be 2% of the loan amount or Rs.6,000, whichever is lesser

    Customers who wish to prepay their car loans from ICICI Bank partly will have to pay a fee for the same. Part prepayment will not be allowed for loans with tenures up to six months, but part prepayments thereafter will cost you a small fee. In case the loan is paid between seven months and 12 months after it was availed, the prepayment fee will be 6% of the loan amount. In case the loan is paid between 13 and 24 months after it was sanctioned, the fee will be 5% of the loan amount. For prepayments made after 24 months of availing the loan, the fee will be 3% of the loan amount. The maximum amount that the bank allows customers to prepay is 25% of principal outstanding, and you will only be allowed to make part prepayments twice during the loan tenure, subject to a maximum of once per year.

    In case of full prepayment, the charge applicable will be 5% on principal outstanding or interest outstanding for unexpired period of loan, whichever is lesser.

    The verification process for a car loan from ICICI Bank can be completed in within a few minutes. To get the process started, customers will have to furnish a few documents as follow:

    • For Salaried Applicants: The documents required for salaried applicants who wish to avail a car loan from ICICI Bank include the application form, KYC documents such as photographs, identity proof, age proof, and address proof, bank statements for signature verification, income proof in the form of Form 16 or latest salary slip, and employment stability proof.
    • For Self-Employed Professionals: The documents required for self-employed professionals who wish to avail a car loan from ICICI Bank include the application form, KYC documents such as photographs, identity proof, age proof, and address proof, bank statements for signature verification, income proof in the form of income tax returns of the two previous fiscal years, and business stability proof / ownership proof.
    • For Self-Employed Non Professionals: The documents required for self-employed non-professionals who wish to avail a car loan from ICICI Bank include the application form, KYC documents such as identity proof, age proof, and address proof, bank statements for signature verification, income proof in the form of income tax returns of the previous two fiscal years along with complete audit / financial report, partnership deed along with a letter signed by all partners authorising one partner, ownership proof / business stability proof, and resolution by board of directors or a relevant managing body along with Articles and Memorandum of Association in case of societies and companies.

    Following are some of the tips that can be used to effectively manage your car loan:

    • Try to make a big down payment as doing so can help in reducing the EMIs applicable to your loan.
    • Be wise when selecting a car as the interest rates vary from car to car. Purchasing a cheap car for the moment will ensure that you pay lower interest as opposed to the massive rates applicable to luxury cars.
    • Choose a shorter tenure as doing so will mean that you pay lesser interest. Although you will be paying more every month, the overall cost of the loan will be lower as you will be making interest payments for a short while.
    • Make EMI payments on time as failure to do so can result in complications and can even see the bank cease your vehicle due to defaulting on payments.
    • Communicate with the bank in case you are unable to make an EMI payment on time as banks will be more understanding instead of declaring you as a defaulter.
    1. Can a customer complete his ICICI car loan application online?

      ICICI bank offers a customer the comfortable option of completing the entire process of availing a car loan from application to getting the loan approved in just a few clicks. The ICICI car loan application form is available on the ICICI bank portal and car loan applications can also be made using BankBazaar.com. Any customer applying via either of the two channels will get an instant e-approval for his loan application.

    2. What is the lending rate for ICICI Bank car loan?

      The lending rate varies depending on the model of the car and the chosen loan tenure. ICICI Bank offers car loans at fixed interest rates. The interest rate remains the same throughout the loan tenure.

    3. Can I use my existing car as collateral to secure a loan?

      Yes, ICICI Bank offers Loan against Car. You can avail a loan on your old car for the purpose of fulfilling any financial need such as wedding expense, education fees, home renovation expense, and vacation expense.

    4. What is monthly reducing balance in car loan?

      Car loans are repaid through EMIs over a specified loan tenure. EMI consists of principal and interest amount. A monthly reducing balance in car loan is when the principal loan amount decreases at every month end and the interest is calculated on the outstanding principal.

    5. Does an applicant have the option of checking his ICICI car loan status online?

      Customers can easily track and check their ICICI car loan application status using the ICICI bank portal or via SMS and email alerts if they have applied through BankBazaar.

    6. Are ICICI car loan statements accessible online?

      Yes, ICICI also provides the convenient option of viewing and downloading ICICI car loan statements online from the ICICI web portal. Customers need to create a login to access their accounts containing their loan statements.

    7. What are the ICICI car loan prepayment charges levied on customers?

      ICICI levies a charge of 5% of the outstanding principal amount from the car loan or the outstanding interest for the remaining period of the loan, whichever is lower. Part prepayment of ICICI car loans are not permitted by the bank.

    8. What benefits does an existing ICICI bank customer get while availing an ICICI car loan?

      Pre-approved ICICI car loans are available for select ICICI bank customers with the additional benefit of processing the car loan with minimum documentation.

    9. How does an applicant contact the customer care for queries on ICICI car loans?

      Individuals facing any challenges or having queries with respect to ICICI car loans can easily contact our friendly customer care help desk at xxxxxxxxxx.

    10. Can customers check the status of their ICICI Bank car loan application online?

      Yes, ICICI Bank does provide the option of checking the status of their car loan application status on the bank’s website using NetBanking. The details that have to be entered are the reference number and the form number.

    11. Where can customers get the ICICI Bank car loan application form?

      The ICICI Bank car loan application can be procured from ICICI branches and is also available on the bank’s website.

    12. Does ICICI Bank provide the joint application facility to car loan applicants?

      Yes, joint applications can be done for an ICICI Bank car loans by customers along with their spouses or any family member from the same residential address.

    13. What are the processing fees charged by ICICI Bank for new car loans?

      The processing fees charged by ICICI Bank changes depending on the loan amount and is as follows -

      Loan Amount Processing Fees
      Below Rs. 2.5 Lakhs Rs.2500
      Rs. 2.5 Lakhs - Rs. 3.9 Lakhs Rs.3500
      Rs. 4 Lakhs - Rs. 4.9 Lakhs Rs.4000
      Rs. 5 Lakhs to Rs. 9.9 Lakhs Rs.4200
      Greater than Rs. 10 Lakhs Rs.5000
    14. Does the applicant’s CIBIL score play a role in determining the eligibility criteria for ICICI Bank car loans?

      Yes, ICICI Bank does consider the CIBIL score while sanctioning car loans for customers.

    15. What are the income documents that have to be furnished while applying for an ICICI Bank car loan?

      As per the category of the car loan applicant the following income documents have to be submitted -

      • Salaried Individuals - Form 16/ Recent Pay Slip
      • Self Employed Professionals - IT Returns Statements for the past two years / Audit Reports
      • Self Employed Non-Professionals - IT Returns Statements for the past two years
    16. Does ICICI Bank offer pre-approved car loans for existing customers?

      Yes, ICICI Bank does offer pre-approved car loans for existing customers with minimal documentation.

    17. What is the maximum car loan amount that will be approved by ICICI Bank?

      The maximum car loan amount that will be approved by ICICI Bank is 100% of the vehicle value.

    18. What is the minimum tenure that can be chosen by an ICICI Bank car loan borrower?

      The minimum tenure that can be chosen by borrowers for an ICICI Bank car loan is one year.

    19. What is the maximum tenure that can be chosen by an ICICI Bank car loan borrower?

      The maximum tenure that can be chosen by borrowers for an ICICI Bank car loan is up to seven years.

    20. Does ICICI Bank charge any foreclosure penalty for borrowers pre-closing their car loans before the completion of the tenure?

      Yes, ICICI Bank charges a penalty of 5% of the outstanding principal amount or the interest amount for the remaining period of the car loan, whichever is lower when a foreclosure is done. Part-prepayment of the car loan is not allowed by ICICI Bank.

    21. Can customers transfer the balance from an existing car loan to a new ICICI Bank car loan account?

      Yes, other bank customers can make balance transfers to a new ICICI Bank car loan account.

    22. Does ICICI Bank provide top-up loans for existing car loan borrowers?

      Yes, ICICI Bank provides top-up loans for existing car loan borrowers with quick processing and easy documentation.

    23. What is the verification process done by ICICI Bank when a car loan application is made?

      ICICI Bank customers can make instant online applications, upload documents and ICICI Bank will e-approve the customer’s application with immediate verification.

    24. How long does it take for ICICI Bank to process a car loan application?

      ICICI Bank generally approves car loans within 24 hours, after the required documentation has been submitted by the applicant.

    25. How is the interest rate determined for car loan refinance?

      Depending on the type of refinance availed by the customer, the interest rate is determined for car loans.

    26. Can ICICI Bank car loan customers contact the customer care helpdesk for any queries and concerns?

      Yes, ICICI Bank car loan customers can contact the toll-free customer care helpdesk number - 1800 102 4242 or the state-wise numbers for addressing any queries.

    27. How are the lending rates decided by ICICI Bank for car loan borrowers?

      The lending rates for ICICI Bank car loans are decided based on the car model chosen and the loan tenure opted by borrowers.

    28. How is the interest rate calculated for an ICICI Bank car loan?

      The interest rate is calculated on a monthly reducing basis, where the principal reduces every month and the interest is then levied on the outstanding principal amount at the month end.

    29. What are the various charges that ICICI Bank car loan customers have to pay when an application is made?

      The other types of charges that have to be paid by car loans borrowers are - Stamp duty, documentation charges and processing charges.

    30. How can customers apply for an ICICI Bank car loan?

      Customers can apply online, contact the bank via email, call the 24/7 customer care centre, visit an ICICI branch or contact a direct sales agent to apply for an ICICI Bank car loan.

    31. Does ICICI Bank require a guarantor for new car loans?

      No, a guarantor is not required while applying for ICICI Bank car loans.

    32. Do customers have to provide any security or collateral while applying for new car loans with ICICI Bank?

      No, customers do not have to provide any security and collateral for ICICI Bank car loans, except the car which is hypothecated to the bank.

    33. What are the methods that can be used by customers to repay ICICI Bank car loans?

      An ICICI Bank car loan can be repaid using post-dated cheques, through ICICI Bank accounts, direct debits from ICICI bank accounts or through ECS.

    34. Do new car loan borrowers have to open a bank account with ICICI Bank while applying?

      No, it is not mandatory for new car loan borrowers to open a bank account with ICICI Bank, when they avail a car loan.

    35. What are the steps involved in processing an ICICI Bank car loan?

      An ICICI Bank car loan is processed in five steps namely - Application, Processing, Documentation, Loan Sanction and Disbursement.

    36. What are the kinds of cars that ICICI Bank finance for customers?

      ICICI Bank finances all types of passenger cars along with pre-owned and used cars.

    37. How can ICICI Bank customers pre-close their car loans?

      ICICI Bank customers have to visit an ICICI Bank Asset Servicing branch and complete the prepayment process by submitting the following documents. The prepayment can be done in the form of cheques, cash or demand drafts.

      • Pre-payment Statement
      • Request letter with the loan applicant’s signature
      • Bank statement showing the settlement of the last monthly installment
      • PAN Card - if the amount is more than Rs. 50,000
      • Vehicle Registration Certificate / Copy of RC Book
      • Vehicle Insurance
    38. Does ICICI Bank levy any charges on car loan customers changing from floating interest rates to fixed interest rates?

      Yes, ICICI Bank levies a fee of 1.75% of the outstanding principal amount, when a change from floating interest rate to fixed interest rate is done.

    39. What are the KYC documents that have to be submitted by ICICI Bank car loan applicants?

      The KYC documents that have to be submitted by car loan applicants are - Photographs, Age Proof, Address proof and Identity proof.

    ICICI Bank Car Loan Offer October 2018

    This new year are you looking forward to purchasing a new car? Top auto manufacturers like Maruti, Tata Motors, and Hyundai have hiked the prices of their popular car models in January. This hike in car prices has led consumers to turn towards bank for auto finance. To purchase your dream car, whether it is a new car or a used car, apply for a low-interest rate car loan from a reputable bank. ICICI Bank is India’s second largest private sector bank. It offers new and used car loans at attractive interest rates for most makes and models of cars. Furthermore, the bank offers simple and hassle-free car loan application process and instant car loan disbursal upon approval.

    BankBazaar Super Duper Deals on ICICI Bank Car Loan 2018

    BankBazaar has partnered with Amazon to bring you a special offer on car loans this October. You can benefit from BankBazaar’s Super Duper Deal program which starts on 1st October 2018. All you have to do is apply for a car loan through the BankBazaar website or its mobile app and get a Rs.2,500 Amazon gift card on disbursal of the loan.

    How to apply for the BankBazaar Super Duper Deal Offer on ICICI Bank car loans?

    • Visit the BankBazaar website (www.bankbazaar.com) or the BankBazaar Mobile App and apply for a car loan from ICICI Bank.
    • Click on the 'Get Quote' button in the ICICI Bank car loan section of the website. You will get a car loan quote within just 30 minutes of requesting it.
    • Upon the approval and disbursal of your car loan, an Amazon gift card worth Rs.2,500 will be sent to your email ID (provided by you at the time of car loan application).
    • Login to the Amazon website or the Amazon mobile app using your username and password. Redeem the gift voucher by entering the code (available on the gift card) and clicking on ‘add to your account'. The balance will be immediately added to your Amazon account.

    Terms and Conditions of BankBazaar Super Duper Deals

    • BankBazaar Super Duper Deals on car loans is effective from 1st October 2018 to 31st October 2018.
    • Get an Amazon gift card Rs.2,500 on the disbursal of your car loan on or before 31st October 2018.
    • This offer is valid for one order per car loan for a customer during the Super Duper Deal period.
    • The Amazon gift card will be sent to you within 45 working days of disbursal of the car loan. If you haven't received the gift voucher within the specified time, you can write to BankBazaar at support@bankbazaar.com or call +914466511800.
    • Redemption of the gift voucher is as per Amazon’s terms and conditions.

    Applicants must be 18 years or above at the time of submitting their car loan applications. He or she must meet the car loan eligibility criteria set by ICICI Bank. The approval or rejection of a car loan application is solely in the hands of

    ICICI Bank Car Loan Reviews

    • ICICI Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a car loan for five lakhs from ICICI Bank. The process is good and the documentation was taken on time. The rate of interest and processing charges are normal. But there are high charges for the part payment. When compared to the other banks.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Oct 05, 2018
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience i had with this loan, the loan amount which they had provided has been satisfactory. The interest rate with them also had been very much less when compared with the market rate. There has not been any hassle faced with their banking services so far.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Sep 04, 2018
    • ICICI Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process i getting this loan has been good where the loan amount which they had provided me also had been good as well. The interest rate has been nominal when compared with the market rate and there has not been any hassle faced with their banking services.
      Was this review helpful? 3
      , gurgaon
      Reviewed on Sep 03, 2018
    • ICICI Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken my car loan with ICICI Bank and the process to get the loan was on time. But it would be better if there was no hidden charges in the policies. They could update their system even with the number as well, instead of only the email ID. Average overall.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Aug 29, 2018
    • ICICI Bank Car Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      My car loan is good and there are no issues to get the loan. ICICI Bank was quick to process the loan and the documentation was normal and smooth. The rate of interest and processing charges is also normal. The after loan services is also good easy.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Aug 24, 2018
    • ICICI Bank Car Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      My car loan is with ICICI Bank. The process is good and the bank collected my documentation on time I also got the loan without any delay. The interest rate is around 8.95% and the processing fees is a bit higher. I have purchased a Wagon r and the tenure is for five years.
      Was this review helpful? 2
      , new delhi
      Reviewed on Aug 10, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a car loan with ICICI BANK and my loan experience is pretty good. My loan amount is 600000 and interest rate is is nominal. There are no hidden charges. I use to pay 12600 as EMI per month and tenure period is 5years. Processing fee is nominal.The process was so smooth at the time of documentation, i did not face any difficulties till date.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 10, 2018
    • ICICI Bank Car Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      My car loan is with ICICI Bank and the process to get the loan is good. I have taken a Maruti Suzuki Vitara Brezza. The documentation was taken on time and loan was disbursed on time. The rate of interest is 8.75% and the processing fees is also normal.
      Was this review helpful? 1
      , greater noida
      Reviewed on Aug 09, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken car loan from the Icici bank . Am satisfied with the rate of interest which they have given . There is no processing fees they did instant approval They have given the tenure p[period of 4 years with some nominal processing fees. Overall am satisfied with their customer service and responce .
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 25, 2018
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have taken a car loan from the ICICI bank for 6 lacs, the interest rate was normal when comparing with the other banks in the market. I am paying an EMI of 12000 per month. It was a easy and hassle free car loan experience with the ICICI bank.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jul 21, 2018
    • ICICI Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with ICICI bank and my loan experience was good, the loan amount was for Rs 2.5 lakhs with nominal interest rate when compared to others. I have taken ALTO and my loan was approved based on ex-showroom price. The tenure period for this loan is 4 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 20, 2018
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a moderate experience i had from them, and the process in getting this loan had been very simple and has been easy. The loan amount which they had provided had been satisfactory and the interest rate with them had been nominal. There has not been any hassles faced with the banking services of them.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Jul 13, 2018
    • ICICI Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It had been a good experience with the loan process where it had been easy and smooth. The loan amount which they had given had been satisfactory and the interest rate with them had been quite high compared with the market rate. Their customer support had been good and they had been helpful at times.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 07, 2018
    • ICICI Bank Car Loan
      "very good service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was very good with ICICI bank, the process took 20-25 days to complete and disburse the loan amount. Customer service was not up to the mark as there was a language issue. The loan amount was for Rs 3.5 lakhs for 5 years with 8.75% as interest rate.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jun 27, 2018
    • ICICI Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was an average experience with ICICI bank car loan, i did not get documents till now and even the customer support team did not follow up on time. The rate of interest of 8.65% is quite high when compared to others. I received my loan amount within 10 days and the car loan was approved based on ex-showroom price.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 26, 2018
    • 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? 1
      , lucknow
      Reviewed on Jun 01, 2018
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