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₹
%
Mos
💰 ICICI Prepayment Options
₹
₹
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 |
|---|
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.
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.
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.