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
      "GOOD SERVICE"
      0.5 4.5/5 "Excellent!"
      I never get any proper response from ICICI ,I got only one call from them no response from them after that I was busy during the time they called me. They called me when I am busy ,even the rate of interest was also fine which was 9.25 for 5 years . overall it was good experience from ICICI.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "GOOD SERVICE"
      0.5 3.5/5 "Pretty good"
      It was an good service from ICICI ,I have applied through showroom directly . Even the documentation part was fine ,with a good rate of interest overall it was an good service from ICICI ,never had any issue till now from ICICI service it was good .
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      , bangalore
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "WORST SERVICE"
      0.5 1.0/5 "Really Bad"
      I got the call from ICICI once I applied for my loan ,but nobody turned up from their side there was no response from their representatives . After this loan I will never suggest ICICI for anything ,they need to improve their service even the interest rate was also very high with ICICI . They are not responsible with the process ,so overall it was worst service from ICICI.
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      , ahmedabad
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "EXCELLENT SERVICE"
      0.5 4.5/5 "Excellent!"
      Service was very good from ICICI ,customer service and other representatives where also very helpful and responsible,even the documentation part and the interest rate was also comfortable ,overall it was an excellent service from ICICI.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      ICICI bank delivered a good response for my car loan application. Recently, I had applied for the car loan with them. Customer service is good and they promptly provided the information in regards to my car loan. There was some processing fee charges and the rate of interest, what they have offered me is 8.5% approximately.
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      , faridabad
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      My loan approved very easily and with fast process, I took the car loan of Rs. 6 lakhs with the tenure of five years. ICICI offered me 8.5% it is least in the market, Bank have sanctioned the request the purchase to finalize MARUTI SUZUKI VITARA BREZZA LDI, I am happy about it.
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      , new delhi
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "Very good process"
      0.5 4.0/5 "Great!"
      I am yet to receive some additional perks from my company probably I might receive them after a couple of months. Post which I decided to apply for the car loan with ICICI bank. I am very much happy with the services provided by ICICI Bank and I have just applied for it initially and it stopped there.
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      , bangalore
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "Very high rates"
      0.5 4.0/5 "Great!"
      I have no interest to proceed further and that is why my application was closed by ICICI Bank for the car loan. Interest rate and processing fee charged by them was very high when compared with other banks .Their approach was very good and they responded well too.
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      , bangalore
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I did not proceed ahead due to personal reasons. The interest rate is 9.5% approximately and processing charges was also reasonable and I had no hassles in getting details. ICICI Bank contacted me on time after I had applied for a car loan. They informed me about the details
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      , new delhi
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank car loan the experience was really good and the customer service executives are very friendly in approach Their responses are good but due to some personal issues I had to postpone my car loan plan for now. But there are no issues with ICICI bank as such.
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      , ahmedabad
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "VERY GOOD"
      0.5 4.5/5 "Excellent!"
      ICICI Bank contacted me on time after I had applied for a car loan. They informed me about the details. I did not proceed ahead due to personal reasons. The interest rate and processing charges was not discussed and the loan amount I had an idea of taking is 7 laksh rupees
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      , bangalore
      Reviewed on Sep 19, 2017
    • ICICI Bank Car Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was an good service from ICICI ,supportive and responsible representatives of ICICI. When ever I contact customer service they will be very helpful for me ,but I feel the rate of interest was little high . Main reason I drooped my loan plan is because I had some personal medical issues in family ,but overall it was an excellent service from ICICI .
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      , new delhi
      Reviewed on Sep 18, 2017
    • ICICI Bank Car Loan
      "Overall good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from ICICI Bank and the process was fine. I got the loan on time and the document process was also hassle free. The interest rate was reasonable and the processing charges was around 3K to 4K for stamp duty and other loan charges.
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      , mumbai
      Reviewed on Sep 18, 2017
    • ICICI Bank Car Loan
      "Can do better"
      0.5 3.0/5 "Satisfactory"
      I am yet to come to conclusion on the car model that is why I had postponed my plan of taking the car loan. On the other hand the interest rate and processing fee charged by the bank was very good. In fact I am happy with their response too.
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      , pune
      Reviewed on Sep 18, 2017
    • ICICI Bank Car Loan
      "Process was very smooth"
      0.5 5.0/5 "Blown Away!"
      Interest rate offered by ICICI bank was simply incredible. I am associated with ICICI bank since 2013. I am very much happy and convenient banking with them and therefore I had opted for their service. Documentation process was very clear it was all streamlined. In short I would say that my journey with ICICI Bank was very smooth.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 18, 2017
    • ICICI Bank Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank responded on time for the car loan. The bank was on time to give me the details. I did not go ahead because when i was about to book a car showroom executive said i have to wait for some days because car is in waiting, So I had cancelled, if required will contact them i have informed same to the bank exectuive The interest rate and processing charges was not discussed so no idea about it
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      , new delhi
      Reviewed on Sep 18, 2017
    • ICICI Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I had applied for a car loan with ICICI Bank. The response was good from them. They contacted me and informed me the details. I did not proceed ahead as I have postponed my plan. The customer service and response from the bank executive was really good
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      , kolkata
      Reviewed on Sep 18, 2017
    • ICICI Bank Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Rate of intrest was fine ,even their representatives where very helpful when ever I contact their customer service they will be very helpful in answering ,they said they can provide 90% of loan but I had some personal financial issues which was the reason for the cancellation of my loan ,I can their overall service was good , I never had any issues with their service .
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      , pune
      Reviewed on Sep 17, 2017
    • ICICI Bank Car Loan
      "Satisfied"
      0.5 1.0/5 "Really Bad"
      I have chosen the ICICI bank to get the car loan because I am having the salary account with them. Customer service with the ICICI bank was not really fine and they have not stick with the commitments. I would like to suggest that they need to improve the customer service.
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      , hyderabad
      Reviewed on Sep 17, 2017
    • ICICI Bank Car Loan
      "GOOD SERVICE"
      0.5 3.0/5 "Satisfactory"
      It was good service from ICICI ,representatives of ICICI was not much helpful with their service ,I have asked for an low rate of interest rate but I feel their interest rate was very high I was not comfortable with their interest rate,but as an overall it was good service from ICICI never faced any queries with their service .
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      , new delhi
      Reviewed on Sep 17, 2017
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    ICICI Used Car Loan is Rated as "Great!" by 1921 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    ICICI Used Car Loan

    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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