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Introduction

Get a seamless experience to buy your dream car. Buy your dream car today through ICICI Direct Car Loans powered by ICICI Bank.

We offer Lowest rates, tenure upto 7 years and finance upto 100% of the On Road price of your dream car.

  • Loan Calculator

  • EMI Comparison calculator

LOAN AMOUNT

INTEREST RATE

LOAN TERM (Years)

Existing Loan

LOAN AMOUNT

INTEREST RATE

LOAN TERM (Years)

Balance Transfer Loan

LOAN AMOUNT

INTEREST RATE

LOAN TERM (Years)

Emi Savings
Total Interest Savings
Total Payment Savings
Existing Loan
Balance Transfer Loan

Features & Benefits

New car loan

Attractive interest rates

New car loan

Loan tenure of up to 7 years

New car loan

Loan of up to 100% of car's on-road price

New car loan

Simple, hassle-free documentation

New car loan

Insurance cover for loan liability available, repayable along with EMI

New car loan

Interest rate on new car loan remains fixed throughout tenure

New car loan

Interest rate based on customer relationship, car segment, tenure of loan, etc

Documents Checklist

Home loan documents

Salaried

  • Application form
  • KYC (Photographs, Identity Proof, Address Proof, Age Proof)
  • Bank Statements (Signature Verification)
  • Income Proof (Latest Salary Slip / Form 16, Income Tax Returns of 2 previous financial years)
  • Other Documentation
    (Employment Stability Proof)
Home loan documents

Income Documents

  • Application form
  • KYC (Photographs, Identity Proof, Address Proof, Age Proof)
  • Bank Statements (Signature Verification)
  • Income Proof (Income Tax Returns of 2 previous financial years)
  • Other Documentation
    (Business Stability proof / Ownership proof)

FAQs

The loan can repaid through Post Dated Cheques drawn on ICICI Bank Ltd. Alternately, if you have a Bank account with ICICI Bank, you can issue a direct debit mandate, to your existing ICICI Bank account or even opt for an ECS option for the repayment.

In the case of monthly reducing balance method, the principal gets reduced at the end of every month and the interest is calculated on the outstanding principal at the end of the month.

Pre-approved Auto Loan from ICICI Bank is offered to our existing customers on the basis of the existing relationship with the bank. It is offered to selected customers. Customers having pre-approved offers are eligible for the LOAN AMOUNT (in lacs) and tenure as per the offer available.

You just need to submit one application form along with one recent coloured photograph, KYC documents, Performa Invoice of the car and Disbursement Kit.

Maximum LOAN AMOUNT (in lakhs) and tenure shall depend on the offer available. You can avail of lower LOAN AMOUNT (in lakhs) or tenure as per the cost of car. You will get loan up to 100% of on road price of the car, if the same is within the range of the offer amount.

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