Car Loan Eligibility Calculator

- Age Criteria: Generally between 21 and 65 years

- Monthly Income: Meets minimum income threshold

- Credit Score: Good credit history preferred

- Existing Debts: Manageable Debt-to-Income (DTI) ratio

- Employment Type: Permanent employment status preferred.

- Age Criteria: Must be between 21 and 65 years

- Annual Income: Demonstrates the ability to repay the loan

- Credit Score: Good credit history preferred

- Business Documentation: Tax returns, business registration documents etc.

- Financial Stability: Stable income and business performance.

- Legal Entity: Properly registered business entity

- Business Stability: Minimum operational duration required

- Annual Turnover: Meets minimum turnover criteria

- Financial Stability: Demonstrates the ability to repay the loan

- Business Documentation: Audited financial statements, tax returns etc.

- Maintained an active account status with the Bank

- Long-standing relationship with the Bank.

• Monthly Income: Meets minimum income threshold. 
• Employment Stability: Minimum employment duration required. 
• Credit Score: Good credit history preferred. 
• Existing Debts: Manageable Debt-to-Income (DTI) ratio. 
• Age Criteria: Generally between 21 and 65 years. 

The required CIBIL score for a Car Loan varies, but generally a score of <700> or higher is preferred by ICICI Bank.

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

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. 

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

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.

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