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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  • ICICI Used Car Loan Reviews

    • ICICI Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The customer support executive of ICICI bank was very helpful I was given all the information about the car loan, loan amount I have applied 3.75 lakhs with 2500 rupees processing fee and the tenured is for 5 years of time They are very good in the service and response
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      , new delhi
      Reviewed on Aug 18, 2017
    • ICICI Bank Car Loan
      "Perfect service"
      0.5 4.0/5 "Great!"
      It was a smooth process followed by ICICI bank in concern to my car loan. They have disbursed my loan amount in 10 days. The rate of interest is nominal with ICICI bank. The requested loan amount was not given due to their limitation but still I am satisfied with the loan amount as it has met my requirement.
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      , bangalore
      Reviewed on Aug 11, 2017
    • ICICI Bank Car Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The ICICI bank has offered me a car loan with very low interest rate. The car loan was smooth with ICICI bank. They took around a week time to disburse my car loan amount. The way they give response to the customer is very good. I can say I got very good service from ICICI bank.
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      , vadodara
      Reviewed on Aug 11, 2017
    • ICICI Bank Car Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The Whole car loan process took around 4 to 5 working days. The service was prompt with ICICI bank, but there is little delay in their process. The rate of interest is nominal with ICICI bank. I am satisfied with the loan amount. I would say I got better service from ICICI bank.
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      , ghaziabad
      Reviewed on Aug 10, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank Car loan was disbursed within 10 to 15 days of time. The delay was made by my end, so that was the reason the loan was disbursement took too much of time . Interest rate is high, when compared with others. I would say I got Good service from ICICI bank.
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      , bangalore
      Reviewed on Aug 10, 2017
    • ICICI Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was a dealing with ICICI Bank for the car loan. I got the loan within 10 to 15 days. It was a fast process and I am also happy with the after loan services, it is smooth. The rate of interest was of 8.75% approximately and there was no processing fee charged.the loana mount i have applied for 6.40 received around 5.70 lakhs.
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      , bhopal
      Reviewed on Aug 10, 2017
    • ICICI Bank Car Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      Experience was good for the car loan with the ICICI bank. Response was really good, also there were no worries with them till now. The loan amount got disbursed to my account within fifteen to twenty days of time from the time, when I have applied.
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      , surat
      Reviewed on Aug 10, 2017
    • ICICI Bank Car Loan
      "Satisfactory "
      0.5 5.0/5 "Blown Away!"
      In the recent past, I had taken a car loan with ICICI bank and the customer services are good. I got the loan within ten days. The processing charges was of 2800 and the rate of interest was of 8.8%. The bank offered me 92% of the loan and the after loan services is also good.
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      , noida
      Reviewed on Aug 08, 2017
    • ICICI Bank Car Loan
      "RATE OF INTREST HIGH"
      0.5 1.0/5 "Really Bad"
      Since I have postponed my plan in buying the vehicle because the rate of interest was high compare to other banks . I did not go ahead with ICICI bank for the car loan. The customer services are good and they have responded well. It was a timely process. Over all it was good and i applied for 6 laksh rupees loan
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      , new delhi
      Reviewed on Aug 08, 2017
    • ICICI Bank Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      When i applied for the car loan i got the timely response from icici bank.The bank executive also responded on time. They were ready to offer the loan amount I have dropped the plan fo opting the car loan. I had an idea of talking the loan for about 2.5 laksh over everything else was fine with them
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      , indore
      Reviewed on Aug 07, 2017
    • ICICI Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      After I registered for a car loan with ICICI Bank, the response was quick and they contacted me on time. I did not go ahead with the bank because my car loan got approved with other bank. So I did not go to the level of talking about the interest rate and charges the loan amount I applied was for 7 lakhs.
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      , rajkot
      Reviewed on Aug 07, 2017
    • ICICI Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had applied for the car loan with ICICI bank. On my loan application, they called me many times and followed up on my application. Their responses are good but they were ready to provide me the loan but unfortunately I had to drop the plan because of the salary hike so planned to take it later after some time.
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      , new delhi
      Reviewed on Aug 06, 2017
    • ICICI Bank Car Loan
      "Good deal and process"
      0.5 4.0/5 "Great!"
      I got a 100% loan with ICICI Bank. It was a car loan it was good experience overall. It was nice to a get the full value of the vehicle. The customer services was good and it was on time. The rate of interest and processing charges was normal. I am happy with the whole experience.
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      , hyderabad
      Reviewed on Aug 04, 2017
    • ICICI Bank Car Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      What stopped me from taking car loan from ICICI bank was because the response was not on time and not good as well, more over not sure what exactly happened, I would like to say that the customer service was an average one with them and the response was kind of okay and the loan amount I have applied was for 3 lakhs.
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      , jaipur
      Reviewed on Aug 02, 2017
    • ICICI Bank Car Loan
      "Needs to be improved"
      0.5 2.0/5 "Expected more"
      I was searching for the car loan , then I found that ICICI bank is giving the best interest rate. I have applied for the car loan with ICICI bank, but due to the bank norms they told I am not eligible to get the car loan , which made me feel bad, it would be great if ICICI bank gives the confirmation in the beginning when we place the request itself. Therefore, I would suggest ICICI bank to focus more on customer satisfaction.
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      , bangalore
      Reviewed on Jul 30, 2017
    • ICICI Bank Car Loan
      "Very Good service"
      0.5 4.5/5 "Excellent!"
      The ICICI bank has disbursed my car loan within a week's time. The process was very smooth , they have explained me almost everything and asked me to submit the required documents, immediately they have disbursed the loan. The customer service and the response is really good with ICICI bank. The rate of interest is average with ICICI car loan. I am very much satisfied with ICICI and I am completely happy to use their service.
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      , pune
      Reviewed on Jul 27, 2017
    • ICICI Bank Car Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The ICICI bank Car loan Interest rate is too high when compared with Kotak mahindra so that was the reason I haven't proceed with ICICI bank car loan. The customer service and the response is Average with ICICI bank. I would say the interest rate can be decreased with ICICI in future.
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      , bangalore
      Reviewed on Jul 24, 2017
    • ICICI Bank Car Loan
      "Overall a good experience"
      0.5 5.0/5 "Blown Away!"
      Since I have postponed my plan in buying the vehicle. I did not go ahead with ICICI bank for the car loan. The customer services are good and they have responded well. It was a timely process. The interest rate and charges was normal too. Good overall.
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      , vadodara
      Reviewed on Jul 24, 2017
    • ICICI Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank executives asked about the required list of documents to proceed with my car loan, so due to lack of documents I have asked them to close my car loan application with ICICI bank. The customer service and the response provided by ICICI bank is extremely good.
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      , hyderabad
      Reviewed on Jul 24, 2017
    • ICICI Bank Car Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      I have taken my car loan from ICICI Bank and the services was good from them. The process was smooth and I got the funds on time as well. The customer services and response has been supportive as well. The paper work was taken on time and in all no hassles faced.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jul 24, 2017
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    ICICI Used Car Loan is Rated as "Great!" by 1790 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Introduction to ICICI used car loans

    ICICI Bank is India's largest private sector bank with total assets of Rs. 5,946.42 billion as of March 31, 2014 and profit after tax amounting to Rs 98.10 billion for the year that ended on March 31, 2014. ICICI Bank currently has a pan-India network of 3,845 Branches and 12,012 ATMs. ICICI Bank offers both new and used car loans with a fixed interest rate. In a fixed interest rate loan, the interest rate will remain fixed throughout the tenure. The latest applicable rates are-

    New Car: 10.75% to 15.00% depending on the segment of vehicle and tenure selected. Tenure can be up to 84 months.

    Pre-Owned Car: 15.50% to 17.00% depending on the segment of vehicle.

    Features & Benefits of ICICI used car loans

    • Faster processing and approvals: ICICI bank, being a private sector player, is known to aggressively market its used car loans. Once the customer furnishes the required documents, the processing is fast and disbursal happens within a few days of the customer filling up the loan application. ICICI Bank also provides insurance cover for Loan Liability, repayable along with EMI for the car.
    • Pre-approved loans for existing customers: Based on existing relationships like Fixed Deposits, home loans or credit cards, ICICI bank sometimes offers a pre-approved car loan for its customers. This reduces paperwork and the customer is able to get disbursal faster.
    • Higher LTV and tenure: ICICI bank provides up to 80% finance on the secondhand car that you choose to buy and the tenure can go up to 60 months or higher on a case to case basis.

    Eligibility Criteria for ICICI Used Car Loan

    ICICI has partnered with BankBazaar.com so that you can instantly find out if you fulfil eligibility criteria for a used car loan and apply immediately. Loans are available to salaried, self-employed professionals and businessmen. There are tools like online EMI calculators that tell you the exact applicable monthly instalments, if you sign-up for a used car loan from the ICICI bank.

    Documentation Required for ICICI Used Car Loan

    The following documents are mandated by the bank from its various categories of car loan applicants-

    Documents

    Salaried

    Self Employed Professional

    Self Employed Non-Professional

    Application form

    X

    X

    X

    KYC

    Photographs

    X

    X

    Identity Proof

    X

    X

    X

    Address Proof

    X

    X

    X

    Age Proof

    X

    X

    X

    Bank Statements

    X

    X

    X

    Signature Verification

    X

    X

    X

    Income Proof

    X

    Latest Salary Slip / Form 16

    X

    Income Tax returns of two previous FYs along with complete financial/audit report

    X

    Income Tax Returns of 2 previous financial years

    X

    Other Documentation

    Business Stability proof / Ownership proof

    X

    X

    Employment Stability Proof

    X

    Partnership deed and a letter signed by all partners authorising one of them

    X

    Companies and Societies: A resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association

    X

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