Car Loan Interest Rates

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: Interest rate* is based on Car Segment, CIBIL Score, Customer Relationship, Tenure of Loan, etc
  • User Car: Interest rate* is based on Customer Relationship, Age and Segment of Car, Product Variant like Purchase, Top up, Refinance, etc

Car Loans - Indicative lending rates effective from 1st Sept, 2020

Tenure of credit facility12-35 months36-84 months
Type of credit facilityRate of interest*
New Car Loans 9.85% 7.90% to 8.80%
Used Car Loans 12.00% to 14.50%