ICICI Bank Car Loan
ICICI Bank offers car loans with interest rates ranging from 8.4% to 11.5% and amounts from ₹1,00,000 to ₹1,00,00,000.
Last checked on June 11, 2026. We may earn a commission when you click through.
ICICI Bank Car Loan
Updated 4 months agoAPR Range
8.4–11.5%
Amount
₹100k
Term
12–84 months
Type
car_finance
You'll be redirected to icicibank.com
Our Verdict
ICICI Bank's car loans provide a flexible financing option for buyers looking for competitive rates and quick approval.
Best For
This loan is ideal for both salaried and self-employed individuals looking to finance new or pre-owned vehicles.
Watch Out
Borrowers should be aware of the eligibility criteria, including age limits and residency requirements.
Pros
- Flexible loan amounts from ₹1,00,000 to ₹1,00,00,000
- Quick approval process
- Competitive interest rates ranging from 8.4% to 11.5%
- Available for new and pre-owned vehicles
Cons
- Eligibility restricted to Indian residents aged 21-65
- Customer service experiences can be mixed
- Interest rates may vary based on credit profile
Full Review
ICICI Bank provides car loans with interest rates starting at 8.4% and going up to 11.5%, catering to a wide range of financial needs. The loan amounts can vary significantly, from a minimum of ₹1,00,000 to a maximum of ₹1,00,00,000, allowing flexibility for different vehicle types.
The application process promises quick approval, which is a significant advantage for those eager to drive away in their new vehicle. However, potential borrowers must note that eligibility is restricted to Indian residents aged 21-65, whether salaried or self-employed.
While the loan terms can extend up to 84 months, it is essential to understand the total cost of borrowing. Compared to alternatives like HDFC or SBI, the rates are competitive, but borrowers should assess their individual credit profiles.
Customer service feedback varies, with some users praising the quick processing time while others cite issues with communication. Therefore, if you're considering this car loan, be prepared to clarify your concerns directly with the bank.
Who Is This For?
This loan is suited for Indian residents aged 21-65, whether salaried or self-employed, looking to finance a vehicle.
What Borrowers Say
Borrowers appreciate the quick approval but have mixed experiences with customer service.
Summary
ICICI Bank's car loan offers competitive rates and flexible terms, making it a good option for eligible buyers in India.
About This Loan
Requirements
- Indian resident
- Salaried or self-employed
- Age 21-65
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