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
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    8.40% - 13.25% Fixed
    Up to ₹ 5,000 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 Bank Car Loan

    Mr. Sharma was tired of taking a cab every day. We helped him get his own car. Explore Car Loans

    ICICI Bank Car Loan

    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.

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    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

    Check if you’re eligible >>

    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

    Check how much you can borrow >>

    Increase your eligible ICICI Bank Car Loan amount by these steps

    01
    02
    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

    Check eligible loan amount >>

    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
    Apply now >>

    ICICI Bank Car Loan Interest RatesUpdated on 24 Oct 2017

    ICICI Bank Car Loan Details
    Interest Rate (Monthly reducing balance) 8.40% to 13.25%
    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
    Search for loan >>

    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.

    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.

    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

    Individuals can easily apply for an ICICI car loan on BankBazaar.com by following just four simple steps.

    1. The navigational panel on the BankBazaar home page throws up a separate menu for loans categorising by the type of loan. Under the car loan menu, the banks offering car loans in India have been alphabetically listed. Applicants looking to apply for an ICICI car loan should select the link reading as ‘ICICI bank car loan’.
    2. Customers wanting more information on eligibility criteria for an ICICI car loan, the ICICI bank car loan amount eligibility and the required documentation to be submitted can get the details from the specific ICICI Bank car loan page.
    3. Individuals can apply for an ICICI car loan after checking their eligibility, using the ‘Apply now’ feature available.
    4. We provide instant e-approvals for applicants submitting their applications via BankBazaar.com. After this the applicant is connected to the bank for completing the processing of his ICICI car loan.

    The rate on car loans is determined on the basis of the term chosen by the borrower. The table below will provide further insights.

    Loan term Interest rate
    Up to 24 months 12.75%
    24-35 months 12.25%
    36-84 months 10.75%

    For used car loan, the rate applicable is 15.50%, regardless of the term chosen. The above mentioned interest rates are subject to change as per the revised GST rates.

    Note: The interest rate is subject to periodic revision as per bank’s credit policy and RBI’s quarterly reviews. Make sure to confirm with the bank on prevailing rates at the time of applying and choose the terms accordingly.

    Check more details about ICICI Car Loan Interest Rates

    ICICI car loans can be procured by salaried individuals, self-employed professionals and non- professionals.

    Documents required

    Salaried Employees -

    1. Filled in application form
    2. Photographs
    3. Identity Proof
    4. Address Proof
    5. Age Proof
    6. Bank account statement
    7. Signature Verification Proof
    8. Income Proof - Latest pay slip and Form 16
    9. Employment Stability Proof

    Self-employed professionals

    1. Filled in application form
    2. Photographs
    3. Identity Proof
    4. Address Proof
    5. Age Proof
    6. Bank account statement
    7. Signature Verification Proof
    8. Business Stability proof
    9. Ownership proof
    10. Income Tax Returns for the last 2 financial years

    Self-employed non-professionals

    1. Filled in application form
    2. Identity Proof
    3. Address Proof
    4. Age Proof
    5. Bank account statement
    6. Signature Verification Proof
    7. Income Tax returns for the last 2 financial years
    8. Financial/audit reports
    9. Business Stability proof
    10. Ownership proof
    11. Partnership deed
    12. Letter signed by all partners authorizing the borrower
    13. For Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association

    Check more details about ICICI Car Loan Eligibility

    BankBazaar’s car loan EMI calculator helps a customer get his monthly installment details with respect to an ICICI bank car loan.

    The ‘Finance Tools’ option on BankBazaar.com carries the EMI calculator for car loans.

    Customers need to enter details like loan amount, tenure, ICICI car loan interest rates and processing fees to instantly get their car loan EMIs calculated.

    BankBazaar’s car loan EMI calculator also gives the breakup of the total interest to be paid by a customer along with his ICICI car loan EMI details.

    BankBazaar customers can easily contact our friendly customer care help desk at xxxxxxxxxx, if they encounter any issues while navigating through these pages.

    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. 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.

    3. 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.

    4. 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.

    5. 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.

    6. 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.

    7. 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.

    8. 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.

    9. 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.

    10. 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
    11. 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.

    12. 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
    13. 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.

    14. 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.

    15. 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.

    16. 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.

    17. 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.

    18. 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.

    19. 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.

    20. 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.

    21. 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.

    22. 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.

    23. 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.

    24. 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.

    25. 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.

    26. 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.

    27. 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.

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

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

    29. 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.

    30. 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.

    31. 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.

    32. 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.

    33. 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.

    34. 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
    35. 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.

    36. 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.

    Find ICICI Bank IFSC Code:

    News About ICICI Bank Car Loan

    • ICICI Bank may reduce lending rates due to growth in profits

      ICICI Bank reported an increase in its net profit by 11.8% which is Rs. 3,030 crore. This has resulted in the bank expecting to see its lending rates fall as the cost of funds are decreasing. The growth in net profits for July to September can be accredited to the retail loan sector including home loans, car loans, personal loans and credit cards. The bank’s advances grew by 17%, retail advances going up 25% and corporate advances reaching 7%. ICICI Bank is focussing its attention on retail loans to contribute to a rise in its balance sheet. It may also divert some attention to grow the corporate loan sector up to the double digits.

      With the festive season in motion, customers can expect special offers and schemes from ICICI Bank.

      16th November 2015

    • ICICI Car Loans to Become Cheaper as ICICI Reduces Base Rate

      ICICI Bank, the largest private sector bank in India, reduced its base lending rate marginally from 9.75 percent to 9.70 percent, to offer a lending rate at par with its competitors like HDFC Bank and SBI. As a result, ICICI Bank car loans and home loans will now be cheaper. This is an initiative which is highly beneficial to Indian customers who are looking to apply for car loans or home loans with ICICI Bank. Earlier, the bank had reduced its base rate by 0.25 percent in April.

      Some of the leading banks in India such as SBI, Allahabad Bank, Kotak Mahindra Bank, etc. have reduced their lending rates after Raghuram Rajan, the governor of RBI, urged the banks to pass the benefits of policy rates reduction to the customers.

      2nd July 2015

    • 10 per cent rise in net profit for ICICI

      ICICI Bank witnessed a 10 percent rise in net profit for the fourth quarter in 2014. The bank reported Rs. 2922 crore net profit on treasury gains and high loan growth. The Net Interest Margin (NIM) went up to 3.57 percent from 3.46 per cent as the funding costs for the bank went down. ICICI Bank gained Rs. 726 crore in treasury gains this year and the overall retail loan growth was 25 percent. The Managing Director and Chief Executive Officer of ICICI Bank, Chanda Kochhar, told the media their funding costs decreased, giving them the confidence to revise their base rate. She added that ICICI Bank plans to maintain their NIMs at current levels.

      12th May 2015

    • ICICI launches 'Tap-n-Pay' a New Payment Service

      ICICI Bank has launched an innovative new payment service called 'Tap-n-Pay' in collaboration with Tech Mahindra. This payment service will be based on the technology called near-field communications or NFC and will enable customers to make cashless over the counter payments. This service will only be available to a few customers. Merchants who want to provide this new payment facility to their customers will have to first register for the service with ICICI Bank. This payment option is aimed at reducing the dependency of customers on cash.


      The payment service will not be limited to the customers of ICICI. In fact, individuals who have accounts with other banks can also avail this service. In order to use this service, customers will need to get hold of the NFC tag or configure it on their phone. In order to make payments, they will need to place their phone or the tag near a device that can recognize the tag. Such devices will be installed by the merchants who want to provide the 'Tap-n-Pay' payment system.

      28th April 2015

    • ICICI to Restart Special Unit to Curb Bad Debt

      ICICI Bank will soon re-introduce a special unit that will focus on recovering soured loans. The bank is planning to restart the Special Asset Management Group to resolve bad debts that soared to a three year high in the fourth quarter. Similar to the SBI’s Stressed Assets Management Group, this unit will focus on bringing down the write-offs and control the pace at which the restructured loans are turning sour. Compared to the last year, ICICI’s restructured debt has increased by 40% to Rs.120bn. The RBI, in January 2014, has already laid out a clear path to check the incremental bad loans. But, as this does not address the problem of existing bad loans, ICICI has come up with the debt-recovery group.


      Nevertheless, ICICI is also coming up with exciting offers on car loans where you can avail up to 100% off the ex-showroom price. Check BankBazaar.com for more offers and affordable car loans that suit your budget.

      20th March 2015

    • Essentials to know before you apply for a car loan!

      Let us take a look at some of the essential must knows before applying for a car loan. Read more

      8th March 2014

    • Complications in car loans –Ownership & insurance!

      Out of the vast number of car loans that are approved every day across the country there are some loans which become defaulted due to various reasons. Read more

      25th September 2012

    • Don’t Fall In the Trap of New Fund Offerings

      Do not over-diversify your portfolio by getting hold of every different scheme offered by a fund house. Stick to the basic elements of diversity that offer stability, security and diversity to your portfolio Read more

      19th November 2011

    GST of 18% is applicable on all banking products and services from the 1st of July, 2017.

    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.

     

    ICICI Bank Car Loan Reviews

    Write a Review
    • ICICI Bank Car Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have applied for my car loan with ICICI bank. I was looking for 7-8 lakhs amount but they have offered me 5 lakhs so I have dropped the loan plan and purchased second hand car. The customer service and responses was satisfactory . My overall experience was good and Its recommendable also.
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      , mumbai
      Reviewed on Oct 21, 2017
    • ICICI Bank Car Loan
      "Good customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the car loan from ICICI bank, i did not take the loan because i postponed the plan to get the loan. I am planning to take the car loan on the month of January. The customer service was good and responsive, they were in touch all the time. The rate of interest is high when compared to all other banks.
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      , chennai
      Reviewed on Oct 21, 2017
    • ICICI Bank Car Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from ICICI bank, i did not take the car loan because of personal reason. When it comes to customer service, it was excellent and they were in touch all the time, they frequently contacted me for followup. The rate of interest is nominal when compared to all other banks.
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      , faridabad
      Reviewed on Oct 21, 2017
    • ICICI Bank Car Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have applied for my car loan with ICICI bank. I am happy with their customer service and responses but I have cancelled my application here since I have taken with CAPITAL first bank. I have no idea about the rate of interest here .My experience was really good and Its recommendable.
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      , ludhiana
      Reviewed on Oct 21, 2017
    • ICICI Bank Car Loan
      "satisfactory"
      0.5 2.0/5 "Expected more"
      I have approached ICICI bank for my car loan. The customer service and responses was good .The rate of interest was between 9-10% which was average in the market but I have cancelled the loan application since I have taken second hand car so there is no requirement. My overall experience was satisfactory .
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      , new delhi
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The service from ICICI was very good for my car loan service even the rate of interest which was offered by ICICI is good but I am not much happy with the customer service of ICICI they are not much good as I expected from ICICI they payment options are through online which was very fast and they collected all the required documents directly from my door step ,I will say the service which is provided by ICICI Bank is good.
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      , new delhi
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have applied for my car loan with ICICI bank. The promised rate of interest was 10% which was bit high but satisfactory. The customer service and responses was not up the mark . I have canceled the request since I have already purchased the new car. I am holding the debit card with ICICI but there is no much benefits at all but other bank's are far better than this so I am disappointed.
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      , mumbai
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Bad"
      0.5 2.0/5 "Expected more"
      I have approached ICICI bank for my car loan. Their rate of interest was between 9-10% which was bit high comprising to KOTAK so I have taken with KOTAK itself. The customer service and responses was not satisfactory because I did not receive any calls from them except mails so that's disappoints. Its not at all recommendable and My experernec was bad.
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      , noida
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have approached ICICI bank for my car loan . The customer service and responses was satisfactory. I had a plan to take 6 lakhs and the rate of interest was 8.4% which is high in the market so I have dropped the loan process as of now and cancelled the request also. My over all experience here was good and recommendable.
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      , hyderabad
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from ICICI bank, my loan application was closed because i cancelled the plan to get the loan. When it comes to customer service, it was good and they followed up regularly. The rate of interest is nominal when compared to all other banks.
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      , gurgaon
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the car loan from ICICI bank, my loan application was closed because i dropped the plan to get the car loan. I was satisfied with the rate of interest and processing fees but the only problem was the downpayment which was wasy high so i did not proceed further. The customer service was good and responsive.
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      , pune
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      I requested ICICI Bank to close my request for the car loan as I got my vehicle by cash. The customer services and response is good. They were on time to contact me and inform me the details. The interest rate was around 9.25% and the processing charges was also on the higher side.
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      , bangalore
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I am not happy with the service of ICICI it was about one year I have taken the loan ,I have not received the kit till now I have intimated them many times regarding this there is no proper response from ICICI, I will say their service is average.
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      , kolkata
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The service from ICICI for my car loan service is average the customer service is good but I feel the rate of interest which is offered from ICICI is high compare to others in the market but I didn't submit any documents they have asked for my pan card,adhar ,bank statements for the loan process I will say the service of ICICI is average.
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      , kolkata
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Services are good"
      0.5 5.0/5 "Blown Away!"
      Since I also work for a bank, I got a better offer from my bank I did not proceed ahead with ICICI Bank for the car loan. The services and response was fine and they also had a good deal on the interest rate and charges. It was around 8% and the response was on time.
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      , mumbai
      Reviewed on Oct 20, 2017
    • ICICI Bank Car Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      I had applied for a car loan with ICICI Bank and the banking services are good. They contacted to me on time and informed me the necessary details. Since they were not providing a loan for the commercial vehicles. I could not proceed ahead. The interest rate and charges was average.
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      , bangalore
      Reviewed on Oct 19, 2017
    • ICICI Bank Car Loan
      "Better"
      0.5 4.0/5 "Great!"
      I have approached ICICI bank for car loan. I got a good response and the customer service. But rate of interest was not fixed, executive said it varies based on the car. For Hyundai interest rate was less and for Maruti car rate of interest was high. Actually ICICI bank doesn't have any criteria so I couldn't just justify the words.
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      , new delhi
      Reviewed on Oct 19, 2017
    • ICICI Bank Car Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      My service with ICICI was extraordinary. My loan process has happened within 48 hours. I have purchased a new Innova car. The dealer payment also happened in flat 60 hours. I am very much happy with the overall process. The documentation process and the rate of interest was satisfactory.
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      , mumbai
      Reviewed on Oct 19, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The response was really good from the bankers end they where ready to offer me the loan but I got good deal from other resources so I had cancel the loan from icici, so that was the reason I haven't got the loan from ICICI bank. The customer support was good with ICICI bank as per my car loan application. They gave better response in regards to my car loan
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      , chandigarh
      Reviewed on Oct 19, 2017
    • ICICI Bank Car Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      ICICI Bank is good in the services and response. I received a call on time, after I applied for a car loan. I did not go ahead for it as I postponed my plans for the next two months. The interest rate and processing charges is normal and the experience is good.
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      , hyderabad
      Reviewed on Oct 19, 2017
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