ICICI Bank Car Loan Interest Rate November 2026
ICICI Bank advertises car loan rates starting from 8.4% per annum. For ₹8 lakh over 5 years that is an EMI of about ₹16,375 a month.
Source: ICICI Bank official page, checked on November 2026 (2026-11-01).
| Starting interest rate | 8.4% per annum |
| Applies to | New cars with tenure over 36 months; new cars under 36 months from 10.25%, used cars from 9.75% |
| Processing fee | Not stated on the page we checked |
| Prepayment | Not stated on the page we checked |
| Maximum tenure | 7 years |
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.
Prepayment options (optional): pay extra to finish sooner
EMI for popular amounts
₹5 lakh for 3 years₹5 lakh for 5 years₹5 lakh for 7 years₹8 lakh for 3 years₹8 lakh for 5 years₹8 lakh for 7 years₹10 lakh for 3 years₹10 lakh for 5 years₹10 lakh for 7 years₹15 lakh for 3 years₹15 lakh for 5 years₹15 lakh for 7 years
Frequently asked questions
What is the ICICI Bank car loan interest rate?
ICICI Bank's website advertises car loan rates starting from 8.4% per annum (checked 2026-11-01). The rate you get depends on your credit score, income and loan amount.
What is the EMI on a ₹8 lakh car loan from ICICI Bank?
At the starting rate of 8.4% over 5 years the EMI is about ₹16,375 a month, with total interest of about ₹1,82,482. A higher personal rate would raise this.
What is the processing fee for a ICICI Bank car loan?
The ICICI Bank page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.
Does ICICI Bank charge prepayment charges on a car loan?
The page we checked did not state prepayment terms. Please confirm with the bank.