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ICICI Bank Car Loan

ICICI Bank has a network of more than 604 channel partners in over 1000 locations for car loan.
ICICI Bank car loan interest charges differ according to the car model, the tenure of the loan, the customer and his location.

Loan Amount

ICICI Bank offers up to 90% of the ex-showroom price of the car. The minimum loan amount for taking a new car loan is Rs. 1,00,000. The maximum loan amount will depend upon the price of the car, model variant, profile of the customer, etc. 


Minimum down payment required, 10% of the cost of the vehicle (excluding registration tax and insurance  premium).

Repayment Period

Repayment tenure ranges from 1 year to 5 years for new car loans.

Documents Required

Income proof:

Salaried individuals :
Latest Salary Slip and 2 years Form 16/ Income tax returns.

Self-Employed individuals:
Income Tax Returns of 2 previous financial years.

Partnership Firms, Societies & Companies :
Income Tax returns of 2 previous financial years along with complete financial/audit report

Documents supporting customer information :
Identity Proof, Signature Proof and Address Proofs as per ICICI Bank norms (Our representative will help you choose suitable documents).

Other documents:

Partnership Firms: Partnership deed and Letter signed by all partners authorising one partner to execute the required Car Loans documentation.

Societies and Companies: Resolution by Board of Directors (or such managing body) & Memorandum & Articles of Association (or Society/Trust deed)

ICICI Bank Products:

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