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ICICI Car Loan

Last Updated 18th Aug 2017

ICICI Bank Car Loans

Rate of Interest 10.75% - 12.75%
LTV 100.00% of of ex-showroom price
Lowest EMI per lakh Rs. 1,699 per lakh
Maximum Loan Tenure 7 years
Processing Fee 0.00%
Apply Car Loan @ 9.25%*

ICICI Car Loan Details

ICICI Car Loan Document List
Documents Salaried Self Employed
Signed Application Form Yes Yes
Passport Size Photo Yes Yes
Income Tax PAN Yes Yes
Quotation of Car Yes Yes
Identity Proof Passport/ Driving License/ Voter ID/ PAN Passport/ Driving License/ Voter ID/ PAN
Address Proof Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
Income Proof Latest pay slip, Form 16, 3 months bank statement showing salary credit and any EMI debit 6 months bank statement, ITR of last 2 years
Business Proof VAT/ service tax registration, incorporation details in case of companies, partnership deed, business address proof

ICICI Car Loan Apply

ICICI Bank gives the facility of Car loan to the people who want to fulfill their dream of having their own car. There are some features and benefits of taking Car loan from ICICI Bank:

  • Transparent and fixed interest rate
  • Attractive rate of interest
  • Quick and hassle free application process

Car Loan ICICI Bank

ICICI Car Loan Calculator

Interest Rate Calculator – This helps you in identifying the interest rate charged on applied ICICI loan amount for effective tenure.

Interest rate on ICICI Bank car loan depends upon

  • Type of car - ICICI Bank rate of interest varies from car to car. High value car leads to low interest car loan
  • Salary - ICICI Bank interest rate varies with your net monthly income. Higher income leads to low interest rate
  • Company where you work - Your Company listed in ICICI Bank can avail you car loan with best interest rates.

Eligibility Calculator – This calculator calculates your Car loan eligibility depending upon your value of the car and your repayment capacity. Apply for only that much loan amount, what you are eligible for. You can also calculate your car loan eligibility online and based on that apply for loan. Eligibility depends on:

  • NTH – Higher monthly income increases your eligibility to get ICICI Car loan. ICICI Bank requires a minimum income of at least Rs. to avail you loan.
  • Repayment Capacity – Your repayment capacity is tracked based upon the previous loan record. Existing obligations can reduce your chances of getting Car loan from ICICI Bank. So, complete your existing obligations first and then apply for loan.
  • ICICI Bank calculates your car loan eligibility based on

  • FOIR (Fixed Obligation Income Ratio) – Your ICICI Bank loan amount eligibility is calculated on the basis of your maximum EMI or monthly installments in respect to your income.

EMI Calculator – Car Loan EMI calculator helps you in calculating your monthly EMI based on the loan amount, interest rate and tenure you have applied for.

  • Loan amount – You should apply for only eligible loan amount from ICICI Bank. EMI will be high based on your loan amount.
  • Loan Tenure – High tenure of car loan leads to low amount of EMI.
  • Interest Rate – ICICI car loan EMI will be low if your rate of interest is less. Interest rates are higher for second hand car and thus leads to higher EMI.

Topup, Balance Transfer, Preclosure

Car Loan Topup of ICICI Bank

A top up loan is an additional finance that can be availed on top of your existing loan with the same bank in order to meet your Car or professional needs. You can avail car loan top-up from ICICI Bank, subject to your eligibility

Car Loan Preclosure of ICICI Bank

These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Prepayment on car loan is

Car Loan Balance Transfer of ICICI Bank

ICICI Bank offers Car loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of ICICI Bank.

FAQs on Car Loan from ICICI

What is the maximum loan to value ratio of ICICI Bank car loan?

ICICI Bank finances 100.00% of of ex-showroom price of the dream car you want to buy.

How much fee is charged by ICICI Bank for Car loan?

Processing fee charged on ICICI Car loan is 0.00% with applicable service tax.

Is ICICI BT a better option?

ICICI Bank offers minimum rate of 10.75% with lowest EMI of Rs. 1,699 per lakh. If you are paying higher EMI than ICICI Bank, then balance transfer is the right option.

Can I check my loan account statement online?

You can login into your ICICI Bank online net banking account to get your loan details, track your loan history and make the payment online.

Easy comparison of ICICI home loan with other banks

ICICI Bank Car Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 808-166-7777
Ahmedabad 079-33667777/ 079-44455000
Ambala 901-766-7777
Anand 800-066-7777
Aurangabad 902-166-7777
Bangalore 080-33667777/ 080-44455000
Bhilai 909-866-7777
Bhilwara 787-766-7777
Bhiwadi 787-766-7777
Bhopal 0755-3366777
Bhubaneswar Cuttack 0674-3366777
Bikaner 787-766-7777
Chandigarh 0172-3366777/ 0172-4445500
Chennai 044-33667777/ 044-44455000
Cochin 902-066-7777
Coimbatore 0730-566-7777
Dehradun 0135-3366777
Delhi 011-33667777/ 011-44455000
Durg 909-866-7777
Faridabad 901-766-7777
Gandhinagar 800-066-7777
Ghaziabad 808-166-7777
Goa 902-166-7777
Greater Noida 808-166-7777
Gurgaon 0124-3366777/ 0124- 4445500
Guwahati 986-466-7777
Gwalior 909-866-7777
Hyderabad 040-33667777/ 040-44455000
Indore 909-866-7777
Jabalpur 909-866-7777
Jaipur 0141-3366777/ 0141-4445500
Jalandhar 730-766-7777
Jodhpur 787-766-7777
Kanpur 808-166-7777
Karnal 901-766-7777
Kolhapur 902-166-7777
Kolkata 033-33667777/ 033-44455000
Kota 787-766-7777
Kozhikode 902-066-7777
Lucknow 0161-3366777/ 0161-4445500
Ludhiana 730-766-7777
Madurai 0730-566-7777
Meerut 808-166-7777
Mehsana 800-066-7777
Mohali Sas Nagar 730-766-7777
Mumbai 022-33667777/ 022-44455000
Mussoorie 808-166-7777
Nagpur 902-166-7777
Nashik 902-166-7777
Noida 808-166-7777
Noida Extn 808-166-7777
Panipat 901-766-7777
Patna 0612-3366777
Pondicherry 0730-566-7777
Pune 902-166-7777
Raipur 0771-3366777
Rajkot 800-066-7777
Ranchi 0651-3366777
Rohtak 901-766-7777
Roorkee 808-166-7777
Salem 0730-566-7777
Shimla 0177-3366777
Sonepat 901-766-7777
Surat 800-066-7777
Trichy 0730-566-7777
Udaipur 787-766-7777
Vadodara 800-066-7777
Varanasi 808-166-7777
Vijaywada 730-666-7777
Vizag 730-666-7777
Icici Bank Car Loan
Lowest EMI
Car Loan Eligibility
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.