|Tenure of credit facility||Up to 23 months||24-35 months||36-84 months|
|Type of credit facility||Rate of interest|
|New Car Loans||12.75% to 15.00%||12.25% to 14.50%||10.75% to 12.50%|
|Pre-Owned Car Loans||15.50% to 17.00%|
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Car Loan Interest Rate
ICICI Bank offers new car loans with fixed interest rate. In fixed interest rate, the interest rate on the car loan will remain fixed during the tenure of the loan.
- New Car: 10.75% to 15.00% depending on the segment of vehicle and tenure selected
- Pre-Owned Car: 15.50% to 17.00% depending on the segment of vehicle
Car Loans - Indicative lending rates effective from April 03, 2014
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