ICICI Bank Car Loan EMI Calculator
Calculate your ICICI Bank car loan EMI, check iMobile instant pre-approval and CIBIL-tier rates — pre-filled at ICICI Bank's 2026 starting rate of 8.85% for a ₹8 lakh car loan.
Starting Rate
8.85%
p.a. (new vehicles)
Max Tenure
7 years
new vehicles
Processing Fee
1%–2%
of loan amount
iMobile
Digital apply
Instant pre-approval
Car Loan Details
Loan Amount
Interest Rate
Tenure
Monthly EMI
₹16,549
for 60 months · 5 years tenure
Principal
₹8.00 L
80.6%
Total Interest
₹1.93 L
19.4%
Total Payment
₹9.93 L
Principal + interest
Interest — Year 1
₹65.5 K
First 12 months
Principal vs Interest
Distribution of your total payment
Principal Interest
Yearly Breakdown
Principal and interest paid each year (first 15)
Amortization Schedule
Total Principal
₹8,00,000
Total Interest
₹1,92,910
Total Paid
₹9,92,910
| Month | EMI | Principal | Interest |
|---|---|---|---|
| 1 | ₹16,549 | ₹10,649 | ₹5,900 |
| 2 | ₹16,549 | ₹10,727 | ₹5,821 |
| 3 | ₹16,549 | ₹10,806 | ₹5,742 |
| 4 | ₹16,549 | ₹10,886 | ₹5,663 |
| 5 | ₹16,549 | ₹10,966 | ₹5,582 |
| 6 | ₹16,549 | ₹11,047 | ₹5,502 |
| 7 | ₹16,549 | ₹11,128 | ₹5,420 |
| 8 | ₹16,549 | ₹11,211 | ₹5,338 |
| 9 | ₹16,549 | ₹11,293 | ₹5,255 |
| 10 | ₹16,549 | ₹11,377 | ₹5,172 |
| 11 | ₹16,549 | ₹11,460 | ₹5,088 |
| 12 | ₹16,549 | ₹11,545 | ₹5,004 |
Results are indicative only. Actual EMI may vary based on your lender's rounding method, processing date, stub-period interest, and applicable fees. Always verify with your bank or NBFC before making a financial decision. See our disclaimer for full details.
ICICI Bank Car Loan Interest Rates by CIBIL Score (2026)
Rates are indicative as of July 2026 (floating EBLR-linked). Actual rate offered depends on income, employer category, loan amount, and LTV. Verify with ICICI Bank before applying.
| CIBIL Score | Interest Rate | Typical Borrower Profile |
|---|---|---|
| 800+ | 8.85% | Prime salaried, ICICI salary account preferred |
| 750–799 | 9.10% | Salaried, good credit history |
| 700–749 | 9.50% | Average credit profile |
| Below 700 | 11.50%+ | Higher risk — significant premium |
Why Choose ICICI Bank for Car Loan?
- iMobile Pay app enables car loan pre-approval and digital application in under 10 minutes
- ICICI Bank has one of the widest dealer tie-up networks — 6,000+ dealerships across India
- Flexible EMI options including step-up (balloon) for borrowers expecting income growth
- Loan amount can fund up to 100% of on-road price for top-tier CIBIL borrowers in some schemes
- Used car loan rates available through ICICI Bank's "True Value" programme at participating Maruti dealers
Frequently Asked Questions
ICICI Bank car loan rates start at 8.85% p.a. for CIBIL 800+ salaried borrowers. The rate range extends to 10.00% for average profiles and 11.50%+ for below-700 CIBIL. ICICI Bank uses fixed interest rates for most car loan products, providing EMI stability throughout the tenure. The rate at which you are sanctioned remains fixed — you don't benefit from RBI cuts, but are also protected from rate increases.