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Get a Car Loan of up to Rs 1 crore*

Secure your dream Car with ICICI Bank's Four-Wheeler Loan, offering financing up to Rs 1 crore* at competitive interest rates starting 9.10%* per annum (subject to eligibility criteria). Benefit from a hassle-free online application process, minimal documentation, and quick approval. ICICI Bank provides flexible tenure options, ensuring convenient repayments, tailored to your financial needs. Apply for a Car Loan and drive home your dream Car with confidence.

Avail your Car Loan in 4 Steps

Car Loan Products

Pre-Owned Car Loan

Pre-owned Car Loan interest rates are attractive.

Pre owned car loan

Top-up Car Loan

ICICI Bank Car Loan Top Up offers attractive interest rates and faster processing which allows customers to access additional funds conveniently.

Top up Car Loan

Refinance Car Loan

Car Refinance option includes easy documentation, loan tenure of up to 7 years and attractive interest rates for a seamless refinancing experience.

Refiance Car Loan

Pre-Approved Car Loans

ICICI Bank Pre-approved Auto Loan offers up to 100% on-road funding without any income documentation and a flexible tenure of up to 84 months.

Pre approved Car Loan

Begin your car search today

Use our car comparision tool to help you decide which vehicle best meets your needs and purchase it

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Benefits of ICICI Bank Car Loan

Attractive Rate of Interest

Attractive Rate of Interest

Drive your dream Car with attractive Car Loan Interest Rates from ICICI Bank.

Funding up to 84 months*

Funding up to 84 months*

Benefit with predictable interest rates, ensuring consistency in your monthly payments.

Flexibility Tenure

100% On-road Funding

Get 100% on-road funding with quick approval.

Online services

Instant Digital Sanction

Streamline your application process and reduce paperwork.

Car Loan Eligibility

ICICI Bank Car Loan eligibility criteria for diverse applicants. 

Salaried individuals must be aged between 20 and 65 years with a minimum monthly income of Rs 30,000.

Self-Employed individuals must be aged between 21 and 70 years. An existing relationship with ICICI Bank is advantageous.

Car Loan Interest Rates

Loan Type

Tenure (12-35 months)

Tenure (36-84 months)

New Car Loans

10.20%* onwards, based on CIBIL Score and Car Segment.

9.10%* onwards, based on CIBIL Score and Car Model.

Used Car Loans

11.25%* onwards, based on CIBIL Score and Car Segment.

Car Loan Documents

ICICI Bank simplifies Loan applications with a concise Car Loan Documents List

  • KYC details
  • Address proof
  • Income evidence
  • Business or employment stability proofs

Salaried individuals need recent Salary Slips whereas self-employed applicants must provide Financial Statements or Income Tax Returns. This streamlined process ensures a quick and stress-free Car Loan experience, with ICICI Bank.


Car Loan FAQs

What is a Car Loan?

Car Loans are extended for the purchase of a passenger four-wheeler, new car or a pre-owned car. Car Loans can also be used as a Cash Loan through products like Refinance, Top-up on an existing Car Loan or to carry out a Balance Transfer.

How is a Car Loan application processed?

There are two types of application processes when applying for a Car Loan – a Digital process and a Manual process.

Manual Process

  1. Walk in.
  2. Have a discussion with our team.
  3. The team will share Schemes and Internal Rate of Return details.
  4. Submit the required documents.
  5. The team will follow the internal approval process.
  6. Post-approval, the Loan will be disbursed.

Digital Process

  1. Visit the ICICI Bank website, navigate to the Car Loan application page, and click on ‘Apply Now’.
  2. Choose Existing or New Customer.
  3. Select the Loan Type and provide details such as name, mobile number, work information, etc.
  4. Once this is done, you will get an overview of your Loan eligibility.
  5. Complete the Car Loan Application Form.
  6. Upload digital copies of the required documents.
  7. The application and the documents will be verified electronically.
  8. Receive an approval notification from ICICI Bank.
  9. The Loan amount will be disbursed directly to the seller.

Can I get 100% funding to buy a car?

Yes, Pre-approved customers can avail 100% of the on-road price. However, the on-road price should be equal to or less than the offer amount. For Non-Pre-approved customers, 100% on-road funding on Vehicle Loans is possible based on parameters like income, stability, FOIR, CIBIL and internal checks.

What is the maximum Loan amount that can be availed for a new car?

As no upper limit is prescribed for Loans to buy a new Car, it depends on the cost of the vehicle. E.g., if the on-road price of a Car is Rs 20 lakh, a customer can avail Rs 20 lakh on a case-to-case basis.

What is the Loan Tenure to buy a new car?

The Tenure ranges from 12 to 84 months to secure a New Car Loan.

What is the minimum credit score to get a Car Loan?

Credit score is one of the key factors to get a Car Loan approved. However, it would also depend on other parameters and on the reason why the applicant has a low credit score.

How much down payment needs to be made to buy a car?

The down payment would vary from car to car. However, before the disbursal of a Car Loan a margin money receipt is required from the car dealer.

When applying for a Vehicle Loan, is a guarantor required?

This would be determined on a case-to-case basis. Generally, Co-applicants are preferred in Vehicle Loan cases and a Guarantor will be considered if required.

What are the terms and conditions for Vehicle Loan?

Click here  to know about the terms and conditions ICICI Bank Car Loans.

What are the other Loan Types that ICICI Bank offers, besides Car Loans?

ICICI Bank offers a diverse range of financing solutions to meet various needs. These include Personal Loans tailored to individual requirements, Business Loans to support entrepreneurial ventures, and Home Loans for purchasing or constructing residential properties. With flexible terms and competitive interest rates, ICICI Bank offers comprehensive lending options to meet diverse financial aspirations.

Apply for a Vehicle Loan at
your convenience

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Mobile Banking
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Apply for a Vehicle Loan at
your convenience

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WhatsApp Banking

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