Car Loan Interest Rates | Flexible Interest Rates on Car Loans

If you are looking for flexible schemes, quick processing of your loans, attractive interest rates at the click of a mouse, then your search ends here. ICICI Bank Car Loans is the No. 1 financier for car loans in the country and offers you all the above with unbelievable ease.

Our car loan interest charges differ according to the car model, the tenure of the loan, the customer and his location.

Description of Charges

Car Loans

Loan Processing Fees/Origination Charges

New Car

Gross Loan Amt	Processing Fee Amt	Documentation Charges
<2.5 L	Rs.1750/-	Rs.350/-
2.5 L to 5 L	Rs.2250/-	Rs.350/-
5 L to 10 L	Rs.3100/-	Rs.350/-
>10 L	Rs.4000/-	Rs.350/-

Used Car -

2.5% of gross loan amount.

Origination Charges of not exceeding 1.5% of loan amount for advance installment cases and not exceeding 0.75% of loan amount for cases without advance installment

Stamp Duty

Actuals

Prepayment Charges

Lower amount of the two given below.
1. 5% of principal outstanding or
2. Interest outstanding for unexpired period of the loan

Solvency Certificate

N.A.

Charges for late payment (loans)

2% per month

Cheque Swap Charges

Rs. 500/-

Document Retrieval Charges

N.A.

Cheque bounce charges

Rs. 200/-

Note :

Origination Charges is included in advance/first installment of the loan.
Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate may be charged over and above these charges at the discretion of ICICI Bank.
The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over this site.

Service Charges for Car Loans