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ICICI Bank Car Loan

Car Loan @ 8.10%*

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car loan rates

ICICI Bank Car Loan

Why ICICI Bank Car Loan ?

If you are thinking to buy a brand new car, then you have come to the right place. We provide you instant approval of your loan Online so that you can fulfill your dream in a flash.

ICICI Bank offers car loans up to 100% ex-showroom price of the car, with attractive interest rates and up to 7 years tenure. 

  • Car Loans tenure from 1 year to 7 years
  • Fascinating interest rates on Car Loans
  • Calculate your monthly outgo with our Car Loan EMI Calculator
  • ICICI Bank provides car loans up to 100% ex-showroom price of the car


ICICI Bank Car loan Documents

Documentation required for Car Loan

List of Car Loan documents required

  • Documents Salaried Self Employed Professional Self Employed Non Professional
    Application form Yes Yes Yes
    Photographs Yes Yes  
    Identity Proof Yes Yes Yes
    Address Proof Yes Yes Yes
    Age Proof Yes Yes Yes
    Bank Statements Yes Yes Yes
    Signature Verification Yes Yes Yes
    Income Proof      
    Latest Salary Slip / Form 16 Yes    
    Income Tax returns of 2 previous financial years along with complete financial/audit report.     Yes
    Income Tax Returns of 2 previous financial years.   Yes  
    Other Documents      
    Business Stability proof / Ownership proof   Yes Yes
    Employment Stability Proof Yes    
    Partnership deed and Letter signed by all partners authorizing one partner     Yes
    Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association     Yes
  • Pre-Owned Car
    • Loan up to 80% of the valuation of car with maximum tenure of 60 months*


ICICI Car Loan Eligibility

Eligibility for Car Loan

Eligibility For New Car: Loan up to 100% of ex-showroom price of the car.For Pre-Owned Car: Loan up to 80% of the valuation of car with maximum tenure of 60 months* (can go further depending on profile)
Interest Rates New Car: 9.50%* to 10.25%* depending on the segment of vehicle and tenure selected (Fixed)Pre-Owned Car: 13.50% to 15.00% depending on the segment of vehicle (Fixed)


* Interest rate can vary as per individual’s portfolio.
* All loans repayment period are over 6 months. No short term loans.
* We don’t charge the individual for the process.
* Credit at sole discretion of the Banks we have a tie-up with.