Car Loan

• Visit the application page for Car Loan on the ICICI Bank website and click 'Apply Now'
• Provide necessary information
• Customise your Loan
• Provide additional information
• Download the application form
• Our representative will contact you for further steps.

Yes, if you are eligible for a pre-approved loan offer, you can get up to 100% of the on-road price, subject to the offer amount. You can get 100% funding even if you do not have a pre-approved loan, but it depends on your income, financial stability, FOIR (fixed obligations to income ratio), CIBIL score and the Bank’s internal checks.

The maximum loan amount depends on the cost of the car. For example, if the on-road price of the car is ₹20 lakh, you can get a loan up to ₹20 lakh, provided it gets approved.

The tenure of an ICICI Bank Car Loan to purchase a new car can be between 12 months and 84 months.

A credit score above 750 is considered a good score for getting loan approval, but the sanctioning decision can be influenced by other criteria as well.

ICICI Bank offers a range of loans, including Personal Loans, Business Loans and Home Loans, with flexible terms and competitive rates to suit all financial needs.

How much is the Equated Monthly Instalment (EMI) of a Car Loan of ₹10 lakh. You can use our Car Loan EMI Calculator to get an accurate estimate. Just enter the loan amount, interest rate and tenure to check your monthly EMI.

Car loans may include processing fees, documentation charges, and other applicable costs as per the Bank’s schedule of charges. View detailed charges here.

Generally, ICICI Bank Car Loans do not require a guarantor or additional security. However, requirements may vary based on credit assessment and applicant profile.

You can easily track your New Car Loan status online in a few simple steps:

• Visit the Track the Car Loan page
• Enter your mobile number
• Provide your PAN or Date of Birth
• Check approval, verification and disbursal updates for your Car Loan or vehicle loan application

The required down payment for a car purchase depends on factors such as loan eligibility, vehicle price, financing terms and lender policies. Customers may need to contribute a portion of the on-road price as a down payment. ICICI Bank does offer 100% on road financing for eligible customers applying for Car Loan.

Car Loan interest rates are generally calculated based on factors such as applicant income, credit score, repayment history, loan amount, tenure and vehicle category selected during application.

Customers can improve the chances of quicker Car Loan approval by maintaining a healthy credit score, submitting complete documents and meeting the Bank’s eligibility criteria during application.

Car Loan repayment tenure may vary depending on the selected loan amount, vehicle category and customer eligibility. Repayment is generally done through monthly EMIs over the approved tenure period. ICICI Bank provides Car Loan for a tenure up to 84 months.

Customers can finance a brand new car through a Car Loan offered by ICICI Bank by meeting eligibility criteria and repaying the loan through monthly EMIs.