Avail your Car Loan in 4 Steps
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Car Loan Products
Begin your car search today
Use our car comparision tool to help you decide which vehicle best meets your needs and purchase it
![car alt](/content/dam/icicibank/managed-assets/images/carloan/car-img.webp)
Benefits of ICICI Bank Car Loan
Car Loan Eligibility
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ICICI Bank Car Loan eligibility criteria for diverse applicants.Â
Salaried individuals must be aged between 20 and 65 years with a minimum monthly income of Rs 30,000.
Self-Employed individuals must be aged between 21 and 70 years. An existing relationship with ICICI Bank is advantageous.
Car Loan Interest Rates
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Loan Type |
Tenure (12-35 months) |
Tenure (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. |
11.25%* onwards, based on CIBIL Score and Car Segment. |
Car Loan Documents
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ICICI Bank simplifies Loan applications with a concise Car Loan Documents List.Â
- KYC details
- Address proof
- Income evidence
- Business or employment stability proofs
Salaried individuals need recent Salary Slips whereas self-employed applicants must provide Financial Statements or Income Tax Returns. This streamlined process ensures a quick and stress-free Car Loan experience, with ICICI Bank.
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Car Loan FAQs
What is a Car Loan?
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Car Loans are extended for the purchase of a passenger four-wheeler, new car or a pre-owned car. Car Loans can also be used as a Cash Loan through products like Refinance, Top-up on an existing Car Loan or to carry out a Balance Transfer.
How is a Car Loan application processed?
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There are two types of application processes when applying for a Car Loan – a Digital process and a Manual process.
Manual Process
- Walk in.
- Have a discussion with our team.
- The team will share Schemes and Internal Rate of Return details.
- Submit the required documents.
- The team will follow the internal approval process.
- Post-approval, the Loan will be disbursed.
Digital Process
- Visit the ICICI Bank website, navigate to the Car Loan application page, and click on ‘Apply Now’.
- Choose Existing or New Customer.
- Select the Loan Type and provide details such as name, mobile number, work information, etc.
- Once this is done, you will get an overview of your Loan eligibility.
- Complete the Car Loan Application Form.
- Upload digital copies of the required documents.
- The application and the documents will be verified electronically.
- Receive an approval notification from ICICI Bank.
- The Loan amount will be disbursed directly to the seller.
Can I get 100% funding to buy a car?
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Yes, Pre-approved customers can avail 100% of the on-road price. However, the on-road price should be equal to or less than the offer amount. For Non-Pre-approved customers, 100% on-road funding on Vehicle Loans is possible based on parameters like income, stability, FOIR, CIBIL and internal checks.
Apply for a Vehicle Loan at
your convenience
- Mobile Banking
- Net Banking
- WhatsApp Banking
![Mobile Banking](/content/dam/icicibank/atmbranches/images/digital-banner/mobile-banking.png)
![Mobile Banking](/content/dam/icicibank/icici-assets/imobilepay-qrcode.png)
![Mobile Banking](/content/dam/icicibank/icici-assets/pockets-qrcode.png)
![Net Banking](/content/dam/icicibank/atmbranches/images/digital-banner/net-banking.png)
![WhatsApp Banking](/content/dam/icicibank/atmbranches/images/digital-banner/whatsApp-banking.png)
Apply for a Vehicle Loan at
your convenience
Mobile Banking | Net Banking
WhatsApp Banking
![Mobile Banking](/content/dam/icicibank/atmbranches/images/digital-banner/mobile-banking.png)