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ICICI Bank Car Loan with instant iMobile sanction and up to 100% on-road-price financing for premium cars.

At 8.5%, ICICI Bank has one of the lowest starting rates of the 12 lenders we track for new car loans.

Documents required

  • PAN Card
  • Aadhaar Card
  • 3 months salary slips
  • 6 months bank statement
  • Address proof

As published by ICICI Bank. Your branch may ask for more.

Get ICICI Bank Offers →Soft check · won’t affect your credit score
Interest rate8.5 – 12.5% p.a.
Processing fee₹3K – ₹5K
Max amount₹1Cr
Max tenure7 yr
Compare with 12 other lenders →

Best for: Buyers wanting up to 100% on-road financing on new cars — ICICI auto loans cover registration, insurance, and accessories.

Estimate your EMI ~30 sec · indicative
Estimated EMI
₹16,413/mo
Get offers at this amount →
Eligibility for New Car Loan depends on the vehicle’s on-road price as well as your income. Start an application for a real answer.
EMI at ICICI Bank’s 8.5% p.a.
₹5L · 4 yr
₹12,324/mo
₹8L · 5 yr
₹16,413/mo
₹13L · 7 yr
₹20,587/mo

Eligibility

At ICICI Bank
Age23 – 65 years
Min salary₹25,000/mo
Min income (self-emp)₹3,00,000/yr
Min credit score700+
Employmentsalaried, self employed, professional
Disbursal1–3 working days; pre-approved instant
Typical for new car loan
FinancingTypically up to 80 – 90% of on-road price

Loan terms

Amount₹1L – ₹1Cr
Tenure1 – 7 years
Rate typefloating
PrepaymentNil
Late payment2% per month on overdue EMI
  • iMobile-based instant sanction
  • Up to 100% on-road price for premium cars
  • Top-up loan option

Fees & charges

Prepayment / foreclosureVaries by lender and rate type
Late paymentAs per each lender’s schedule

FAQ

Used-car loans price higher than new-car loans because of the collateral risk — see the separate used-car page. Salary-account customers often get a small rate discount on new cars.

Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.

No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.

Related readingICICI Bank Personal Loan Eligibility 2026: Criteria, Documents & Tips to Get ApprovedBest Car Loan Interest Rates in India 2026Car Loan for ₹25,000 Salary — Eligibility, EMI & Best Banks

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RateFrom 8.5% p.a. · ICICI Bank
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