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Own your dream car with ICICI Bank Car Loan, offering interest rates starting from 9.1%* per annum with 100% on-road funding and flexible tenures. Enjoy the convenience of low EMIs and minimal documentation, making the application process hassle-free.
Car Loan Rates
Car Loan interest rates are expressed as Annual Percentage Rates (APRs) and are based on a variety of factors including your income, debt, credit score, value of the car, loan amount, loan duration and RBI Repo Rate. Although the type of car purchased does not directly influence the rate, its price may. Car Loan interest rates offered by ICICI Bank are among the lowest in the market.
ICICI Bank offers the best deals for financing your car at lower interest rates and EMIs with minimal paperwork and quick disbursement.
- New Car: The interest rate for a new car is based on the car segment, CIBIL Score, customer relationship, tenure of the loan, etc.
- Used Car: The interest rate for a used car is based on the customer relationship, age of the car, segment of the car, loan variants like Top-up, Refinance, etc
Car Loan Interest Rates: Effective from 1st January, 2024
| Tenure of credit facility | 12-35 months | 36-84 months | |
|---|---|---|---|
| New Car Loans | 10.20% onwards based on CIBIL score and car segment | 9.10% onwards based on CIBIL score and car model. | |
| Used Car Loans | 11.25 % onwards based on CIBIL score and car segment | ||
Car Loan Interest Rate FAQs
Car Loan Related blogs
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