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BEST FOR

Drive Your New Car with Easy ICICI Bank Financing!

  • Attractive Interest Rates

  • Tenure up to 84 months

  • 100% On-Road Funding

  • Digital Application

Car loan FAQs

What is a Car Loan?

A Car Loan a source of funding to purchase a new or pre-owned vehicle. It can also be availed as a Cash Loan by way of Refinance, Top-Up or Balance Transfer of an existing Car Loan.

How do I apply for a Car Loan?

  • Visit the application page for Car Loan on the ICICI Bank website and click 'Apply Now'
  • Provide necessary information
  • Customise your Loan
  • Provide additional information
  • Download the application form
  • Our representative will contact you for further steps.

Will I get 100% funding for purchasing a car?

Yes, if you are eligible for a pre-approved loan offer, you can get up to 100% of the on-road price, subject to the offer amount. You can get 100% funding even if you do not have a pre-approved loan, but it depends on your income, financial stability, FOIR (Fixed Obligations to Income Ratio), CIBIL score and the Bank’s internal checks.

What's the maximum loan amount that can be taken for a new car?

The maximum loan amount depends on the cost of the car. For example, if the on-road price of the car is ₹20 lakh, you can get a loan up to ₹20 lakh, provided it gets approved.

What is the tenure of the loan to buy a new car?

The tenure of an ICICI Bank Car Loan to purchase a new car can be between 12 months and 84 months.

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

A credit score above 700 is considered a good score for getting loan approval, but the sanctioning decision can be influenced by other criteria as well.

What are the terms and conditions for Car Loan?

Click here to know the terms and conditions of ICICI Bank Car Loan.

What are the other kinds of Loans that ICICI Bank offers?

ICICI Bank offers a range of loans, including Personal Loans, Business Loans and Home Loans, with flexible terms and competitive rates to suit all financial needs.

*Terms and Conditions apply.