|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%||12%||10%|
|Used Car Loans||15%|
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 factors such as customer relationship, car segment and tenure of loan etc.
- User Car: Interest rate is based on age and segment of car, tenure of loan and product variant like top up, refinance etc.
Car Loans - Indicative lending rates effective from Jan 01, 2018
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