Auto Loan

ICICIDirect offers Car Loans through ICICI Bank, finance up to 100% of on-road price of the car, with attractive interest rates and tenure up to 7 years..

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Auto Loan

TENURE (In Months)
  • Total interest payable
  • Total payment
  • Monthly EMI
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  • New Car Loan
  • Loan against Car
  • Smart EMI
New Car Loan

Turning your dream into reality is now easy. Own your favourite car that you have always dreamt with attractive features of ICICI Bank Car Loans

New Car Loan Features:
  • Loan up to 100% of on road price
  • Loan tenure up to 7 years
  • Attractive rate of interest
  • Easy documentation
  • Insurance cover for Loan Liability available, repayable along with EMI
Loan against Car

Refinance refer to granting loan on an existing car which is not hypothecated to any bank/financial institution or is hypothecated but with nil outstanding. Maxx refinance is up to 140% of car valuation

Refinance Features:
  • Attractive rate of interest
  • Ease of Documentation
  • Faster processing
Top up

Additional top-up loan can be provided to existing Car Loan Customers of ICICI Bank. These loans can be used for any additional requirements such as business development,Wedding, Personal engagements, Home Renovation.

Top up Features:
  • Attractive rate of interest
  • Ease of Documentation
  • Faster processing
Smart EMI
Own your Car with Smart EMI

We at ICICI Bank Car Loans in association with Tranzlease are proud to introduce SMART EMI for your dream car. With SMART EMI, your car ownership really becomes interesting.
Under traditional Auto Loan, you are investing in a depreciating asset, along with that, you bear the risk of fluctuating insurance cost, unforeseen maintenance expenses and also bear the risk of resale value - ultimately your cost of ownership increases substantially.
However, under SMART EMI programme, you only have the Equated Monthly Instalment (EMI) which is inclusive of everything starting from full tenure insurance, maintenance and risk protection. Also, the estimated resale value of the car is deducted upfront to lower your EMI – at the end of the tenure you can choose either the buy or surrender option based on your preference along with attractive bonus payments.

Benefits of SMART EMI:
  • Lower EMI versus same tenure Auto Loan
  • All-inclusive EMI with full tenure insurance and maintenance
  • No more unbudgeted and unforeseen expenses
  • No more risk of resale value
  • No more investing in depreciating assets
  • Automotive experience

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.

Documents Checklist

Car Loans FAQs