ICICI Car Loan EMI Calculator

The ICICI Car Loan EMI Calculator helps you easily estimate your monthly EMI for financing a new or pre-owned vehicle. It simplifies your loan planning by showing you the total interest payable and total cost of the loan.

What is a Car Loan EMI?

EMI stands for Equated Monthly Installment. It includes both the principal and interest, allowing you to repay the loan in equal monthly installments over the selected tenure.

How is EMI Calculated?

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

P = Loan amount
R = Monthly interest rate = Annual Rate ÷ 12 ÷ 100
N = Loan tenure in months

Steps to Use ICICI Car Loan EMI Calculator

Visit the official ICICI Car Loan EMI Calculator: icicibank.com
Enter your loan amount
Select loan tenure (months)
Adjust the interest rate slider
View EMI, total interest, and total payment instantly

Benefits of Using the ICICI EMI Calculator

Instant EMI results with real-time adjustments
No login or registration required
Helps in planning and comparing car loan options
Accessible on both desktop and mobile devices

ICICI Car Loan Features

Loan up to 100% of on-road price for select vehicles
Tenure: Up to 7 years
Interest rates starting from 8.75% p.a.*
Minimal documentation and quick processing

Sample EMI Calculation

For a car loan of ₹5,00,000 at 9.00% p.a. for 60 months, the EMI would be approximately ₹10,379. Total interest payable will be around ₹1,22,740.

FAQs – ICICI Car Loan EMI Calculator

Q: Can I prepay or foreclose my ICICI car loan?

Yes, ICICI Bank allows prepayment and foreclosure with applicable charges depending on your loan agreement.

Q: Is the EMI amount fixed?

Yes, your EMI will remain fixed if your loan has a fixed interest rate.

Q: Does ICICI offer loans for used cars?

Yes, ICICI Bank offers financing for pre-owned vehicles as well.

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