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Car Loan Eligibility Calculator

Car Loan Eligibility Calculator helps determine the loan amount you qualify for, based on factors like income, credit score and existing debts. By inputting this data, you receive an estimate of your loan eligibility that helps in budgeting and car selection. It simplifies the loan application process, ensuring affordability and convenience.

 

New Car

  • Loan up to 100% on road price

 

Pre-Owned Car

  • Loan up to 100% of the valuation of car with maximum tenure of 84 months* (can go further depending on profile)

 

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Car Loan Eligibility Calculator FAQs

What CIBIL score is required to be eligible for a car loan?

The minimum CIBIL score for an ICICI Bank car loan generally starts at 700 or above, though eligibility may vary based on the applicant’s overall credit profile.

What are the eligibility criteria for a new car loan?
The eligibility criteria for a new Car Loan typically includes stable employment, a good credit score and meeting the income requirements.

What salary is required to be eligible for a car loan?

A stable income source, with a minimum monthly salary meeting the lender's requirements, is eligible for a car loan. While specific income thresholds vary among lenders, stable employment and sufficient income to cover loan repayments are essential factors influencing eligibility. 

Can I get a car loan with a 30k/40K salary?

While a salary of ₹30,000 or ₹40,000 may qualify for a car loan, eligibility ultimately depends on factors like credit score and existing debts. 

Can I buy a car with 100% financing?

Some lenders may offer 100% financing for car purchases, but most of them offer up to 80% to 90% of the total Loan amount. Before opting for a Car Loan, consider the terms, interest rate and repayment conditions.

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