The No. 1 Financier for Car Loans in India
New Car
Turn your dream into reality. Own that new car you have always desired, with a little help from us. We offer loans up to 100% of ‘on-road’ cost on select models, and up to 95% of the ex-showroom price on others. Our interest rates would pleasantly surprise you. What’s more, you can take up to 6 years to repay the loan.
Worried about paperwork? Relax. The process for getting a loan involves only a few simple steps and we will tailor-make the loan to suit your needs.
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Loan on Phone for Customers: Are you an ICICI Bank customer? Go for a pre-approved car loan. Call our Customer Care numbers or sms “carloan
” to 5676766. (e.g., If you are in Mumbai, “carloan mumbai”). |
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Loan on the Strength of Your Income: Submit income proofs as required and avail of finance up to 100% of the ‘on-road’ cost of the car!* |
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Contribute 20%. No Need for Income Proof: Can you contribute 20% or more of the ex-showroom price of the car? No need for any income proof then! Walk away with the car keys. |
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Instant Funding for Credit Card Holders: Do you hold a credit card for more than a year with a good repayment record? Get a loan up to 90% of the ex-showroom price of the car. No need for any income documents! And no field investigation too. |
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100% Loan for Fixed Deposit Holders: If you have a fixed deposit with ICICI Bank, you can get a loan up to 100% of the ex-showroom price of the car. No need for income proofs. |
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Car Loans with Floating Interest Rate: With effect from August 22, 2008, we have moved operation of all new car loans to a floating interest rate. Under this, the interest rate on ICICI Bank Car Loans will be linked to the ICICI Bank Floating Reference Rate (FRR). The effective interest rate to the customer during the tenure of loan will vary according to the changes in FRR, which will be reviewed every quarter by the bank. Any change in interest rate resulting due to change in FRR would result in increase or decrease in the tenure of customer's loan. The customer will thus have the dual benefit of not only getting the best offer at the time of taking the loan from ICICI Bank, but also will get the benefit of reduction in rates, if the rates go down during the tenure of loan. |
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| Used Cars |
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Would you prefer to go for a used car?
We are here to help you with ‘ICICI Bank Used Car Loans’. We offer up to 90% of the car value, and up to a 5-year repayment duration. We finance cars which are up to 10 years old at the end of the loan tenure. You can also take a loan on a car you already bought or transfer your loan to ICICI Bank from another financier. |
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Want us to contact you or want to know more? Just fill up your contact details in the form to the side. We will send a representative to meet you at your convenience.
Important: All loans are at the sole discretion of ICICI Bank. Car loan offerings mentioned in these pages are subject to change without prior notice.
Disclaimer:
"ICICI Bank may, at its sole discretion, utilise the services of external service provider/s or agent/s and on such terms as required or necessary, in relation to its products"
* conditions apply
Service Tax is applicable on all fees and charges.
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