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VEHICLE FINANCE

New Or Used Car Loan?

Compare EMI, down payment, rate, tenure and total cash outflow before signing.

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RATE SNAPSHOT

Used Loans Can Cost More

9.75–16.90%

ICICI Bank's published used-car range for loans disbursed in the quarter ended June 2026.

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NEW-CAR RANGE

Published Rates Vary Widely

7.90–11.20%

ICICI Bank's published new-car range for the same quarter; actual offers vary by profile and product.

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EMI MATH

Principal Changes Everything

₹9,60,000 loan

An illustrative 60-month new-car loan at 9% works out to about ₹19,928 per month.

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CHECK BEFORE SIGNING

Read The Loan Mechanics

Confirm the rate type, benchmark, reset date, fees, valuation and prepayment terms in writing.

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READ THE FULL GUIDE

Compare The Total Cost

Use the full guide to combine financing, insurance, fuel, maintenance and resale checks.

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READ THE FULL GUIDE

Get the complete breakdown

Numbers, comparisons and what to check next.

Tap up to read the full guide ↑

Read: New vs Used Car Loan in India: EMI, Down Payment and Total Cost