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HDFC Bank vs ICICI Bank Car Loan
HDFC Bank and ICICI Bank advertise the same starting rate.
| HDFC Bank | ICICI Bank | |
|---|---|---|
| Starting interest rate | 8.4% | 8.4% |
| EMI for ₹8 lakh, 5 years | ₹16,375 | ₹16,375 |
| Total interest | ₹1,82,482 | ₹1,82,482 |
| Processing fee | Up to 0.5% of the loan amount (min ₹3,500, max ₹8,000) | Not stated |
| Prepayment | Not stated | Not stated |
| Maximum tenure | - | 7 years |
Source: HDFC Bank official page, checked 2 November 2026.
Source: ICICI Bank official page, checked 1 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Frequently asked questions
Which is cheaper, HDFC Bank or ICICI Bank car loan?
HDFC Bank and ICICI Bank advertise the same starting rate. Your actual rate may differ from the starting rate.