ICICI Car Loan EMI Calculator
Preset to ICICI's current car loan emi rate of 9.1%. Change any value to see your own numbers.
- Current rate 9.10%
- Range 9.00–9.35%
- Rank #4 of 7 banks
- Verified 16 July 2026
ICICI Car Loan EMI Calculator
- Principal₹8,00,000
- Total interest₹2,84,600
- Total payment₹10,84,600
Where your money goes
- Principal ₹8,00,000
- Interest ₹2,84,600
Amortization schedule — year by year
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| 1 | ₹85,657 | ₹69,286 | ₹7,14,343 |
| 2 | ₹93,785 | ₹61,158 | ₹6,20,558 |
| 3 | ₹1,02,685 | ₹52,258 | ₹5,17,873 |
| 4 | ₹1,12,429 | ₹42,514 | ₹4,05,444 |
| 5 | ₹1,23,098 | ₹31,845 | ₹2,82,347 |
| 6 | ₹1,34,779 | ₹20,164 | ₹1,47,568 |
| 7 | ₹1,47,568 | ₹7,375 | ₹0 |
ICICI car loan interest rates 2026
| Tenure / slab | Rate |
|---|---|
| New car, up to 3 years | 9.10% |
| New car, 3–5 years | 9.20% |
| New car, 5–7 years | 9.35% |
| Loan above ₹20,00,000 | 9.00% |
This Car Loan calculator is preset to ICICI Bank's current 9.1% rate (as of 16 July 2026), so the EMI you see the moment the page loads reflects a real ICICI loan — change the amount or tenure to match yours.
ICICI's car loan rates run from 9.00% to 9.35% depending on your profile and loan size. Below is ICICI's full rate table, the fees and rules that actually apply, and how ICICI compares with the 7 banks we track — the one thing no bank's own page will show you.
ICICI car loan — key facts
- Processing fee of up to ₹5,000 plus GST (or 0.50% of the loan amount).
- Finance of up to 100% of the on-road price available for select models and profiles.
- Foreclosure charges of around 5% of the principal outstanding apply on fixed-rate car loans.
- Repayment tenure of up to 7 years (84 months).
How ICICI compares
ICICI's car loan rate is above the category median. BoB is cheaper at 8.85%.
ICICI car loan FAQs
What is ICICI's car loan interest rate in 2026?
ICICI Bank offers car loan rates from 9% to 9.35% (indicative headline 9.1%). The exact rate depends on your credit score, income and loan amount.
What are the fees on a ICICI car loan?
The processing fee is Up to ₹5,000 + GST (or 0.50% of loan amount). Processing fee of up to ₹5,000 plus GST (or 0.50% of the loan amount).
Can I prepay or foreclose my ICICI car loan early?
Foreclosure charges of around 5% of the principal outstanding apply on fixed-rate car loans.
How is the EMI on a ICICI car loan calculated?
The EMI uses the reducing-balance method — interest is charged only on the outstanding balance, so the interest share of each instalment falls over time. At 9.1% the calculator above shows your monthly EMI; change the amount and tenure to match your loan.