ICICI Bank Car Loan EMI Calculator — FY 2026-27
Calculate monthly EMI for an ICICI Bank Car Loan at current ICICI rates. ICICI offers doorstep service + instant sanction for existing customers. Rate pre-fill tracks ICICI card rate as of 16 April 2026.
Starting rate: 9.25% p.a.Last updated: Editorial
Loan inputs
- Monthly EMI
- ₹16,704
- Principal
- ₹8.00 L
- Total Interest
- ₹2.02 L
- Total Payment
- ₹10.02 L
Principal vs Interest
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| Year 1 | ₹2,00,447 | ₹1,31,948 | ₹68,499 | ₹6,68,052 |
| Year 2 | ₹2,00,447 | ₹1,44,684 | ₹55,763 | ₹5,23,368 |
| Year 3 | ₹2,00,447 | ₹1,58,650 | ₹41,797 | ₹3,64,718 |
| Year 4 | ₹2,00,447 | ₹1,73,963 | ₹26,484 | ₹1,90,755 |
| Year 5 | ₹2,00,447 | ₹1,90,755 | ₹9,692 | ₹-0 |
About this ICICI EMI Calculator
This ICICI EMI Calculator computes the monthly EMI, total interest, and full amortization schedule for a ICICI Bank car loan at the current rate card (starting 9.25% p.a. for eligible borrowers). It uses the same reducing-balance formula that ICICI Bank’s official per-lakh EMI table publishes, so the output matches your sanction letter to the rupee.
ICICI Bank offers EMI calculator variants across loan products — pick the one that matches your use case:
- ICICI Home Loan EMI — starting 8.75% p.a., up to 30-year tenure
- Personal Loan rates at ICICI — starting 10.75% p.a., up to 6-year tenure
For the generic EMI math that underlies every bank’s calculator, see the general EMI Calculator. For a full lifetime-cost model, use the Home Loan Total Cost Calculator.
ICICI Bank Car Loan EMI Calculator — FAQ
What is the current ICICI Bank car loan interest rate?
ICICI car loans typically start from 9.25% p.a. for salaried applicants with CIBIL 750+. Existing ICICI savings / salary account holders sometimes get 15-25 bps rate benefit (FY 2026-27 — verify on icicibank.com).
Does ICICI offer instant car loan sanction?
Yes, for existing ICICI Bank customers (salary account / premium savings / credit card holders with 24+ months relationship), ICICI runs an instant-sanction car loan — digital approval in minutes, documentation via e-sign.
What tenure does ICICI offer on car loans?
Up to 7 years on new cars, 5 years on used cars. The EMI-to-income ratio cap is typically 50-60% including existing EMIs.
Can I refinance my existing car loan with ICICI?
Yes. ICICI does car-loan balance transfer at a lower rate if you have a good repayment track record. Include processing fees (~₹3,000-10,000) in the break-even calc before switching — the Home Loan Balance Transfer methodology applies identically.
Other bank EMI calculators
SBI Home Loan EMI
Starting 8.5% p.a. · ₹50L default
HDFC Bank Home Loan EMI
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Axis Bank Home Loan EMI
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SBI Personal Loan EMI
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HDFC Bank Personal Loan EMI
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SBI Car Loan EMI
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Kotak Mahindra Bank Home Loan EMI
Starting 8.65% p.a. · ₹50L default