🇮🇳 ICICI Auto FinanceCategory: Bank-Specific Prepayment Presets →

ICICI Car Loan Prepayment Calculator

Simulate part prepayments, calculate interest savings, tenure reduction, and ICICI Bank foreclosure charges with 18% GST.

ICICI Loan Parameters

ICICI Auto Scheme

ICICI Car Loan Amount₹ INR

₹

Interest Rate% p.a.

Tenure (Months)Months

Mos

💰 ICICI Prepayment Options

Extra Monthly Payment+ Monthly

₹

Lump-Sum Part PaymentPart Payment

₹

Month #

Total ICICI Interest Saved

₹0

Saving 0% in total ICICI car loan interest!

Time Saved

0 mos

Payoff earlier

Regular ICICI EMI

₹0

Per month

Total Amount Paid

₹0

Originally ₹0

Foreclosure Fee Slab

3% - 5% + GST

ICICI Bank schedule

📱 Prepay via ICICI iMobile Pay:

Log in to iMobile Pay > Select Loans.
Choose your Car Loan Account > Tap Part Prepayment.
Enter the amount and submit instantly.

Amortization Schedule

Interactive breakdown of balance, interest, and prepayment impact

Period	EMI Paid	Principal Paid	Extra Prepayment	Interest Paid	Total Payment	Remaining Balance

Evaluating ICICI Car Loan Foreclosure vs Holding Till Maturity

Because ICICI auto loans charge 3% to 5% + 18% GST on foreclosure or part-prepayment after a 12-month lock-in period, early closure is most rewarding during the first half of your loan tenure when interest weight exceeds the penalty fee. Model exact penalty-adjusted net savings using our Car Loan Foreclosure Calculator or Prepayment Penalty Calculator.

Compare private auto loan charges against zero-penalty public-sector banks like Bank of Baroda Car Loans and SBI Car Loans, or review housing finance rules in our ICICI Home Loan Prepayment Calculator.

Frequently Asked Questions

What are ICICI Bank car loan foreclosure and part-prepayment charges?

ICICI Bank applies the following fee structure:

Part Prepayment: 3% to 5% + 18% GST on the part-prepaid amount (allowed only after 12 months).
Foreclosure (Full Pre-closure): 5% + GST of principal outstanding within the first 24 months, and 3% + GST after 24 months. Verify net break-even using our Car Loan Foreclosure Calculator or compare with HDFC Car Loan Slabs.

How to make a car loan prepayment via ICICI iMobile Pay app?

To prepay online:

Open the iMobile Pay app > Go to Loans.
Select your Car Loan Account > Tap 'Part Prepayment'.
Enter the amount and confirm the transaction from your linked ICICI savings account. For housing loans instead, use our ICICI Home Loan Prepayment Calculator.

How to obtain NOC after ICICI Car Loan foreclosure?

After settling the final foreclosure amount at an ICICI Loan Center or online, ICICI Bank dispatches the physical NOC (No Objection Certificate) and Form 35 to your registered mailing address within 7 to 10 working days. Compare nil-fee PSU options via the SBI Car Loan Calculator.