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Service Charges and Fees

Charges & Interest

Amount

Interest

 

i. Penal Charge for late payment 

5% per annum (+ applicable taxes) charged on the overdue EMI until repayment

Penal Charges

 

i. Prepayment charges

3%* on POS + applicable GST upto 3 years of seasoning, 2.5% + applicable GST of POS after 3 years of seasoning

ii. Penal Charge for dishonour of Cheque/AD/ECS/NACH per transaction 

Rs. 500/- (+ applicable taxes) charges per instance 

iii. Loan Cancellation Charges

Rs. 2000/- + applicable GST

Service Charges

 

i. Duplicate Repayment/Amortization schedule charges

Rs. 150/- + applicable GST (For Physical Copy) and NIL for Digital Copy

ii. Statement of Account charges

Rs. 150/- + applicable GST (For Physical Copy) and NIL for Digital Copy

iii. Prepayment statement charges

Rs. 150/- + applicable GST (For Physical Copy) and NIL for Digital Copy

iv. Duplicate No objection certificate / No due certificate charges

Rs. 250/- + applicable GST

v. Revalidation of No objection certificate charges

Rs. 250/- + applicable GST

vi. No objection certificate for conversion from Petrol to LPG/CNG charges

NA

vii. No objection certificate to convert from private to commercial or from commercial to private charges

NA

viii. Repayment mode swap charges

Rs. 500/- + applicable GST

ix. Loan documentation charges

Rs. 650/- + applicable GST

x. Registration Certificate (RC) Collection Fees

NA

xi. Loan Reschedulement / rebooking charges

Rs. 2500/- + applicable GST

xii. CERSAI Charges

Rs. 100/-

xiii. Information Utility Charges (Only for Corporate Cases)

Rs. 300/+ applicable GST

xiv. Cash Transaction Charges (for repayment of EMI dues in cash at branches)

Rs. 100/- + applicable GST

xv. Processing fees/Renewal charges

Upto 1% of loan amount + applicable GST

xvi. Stamp duty charges

At actuals as per State Stamp Duty Act + applicable GST(if any)

xvii. Valuation charges

At actuals+ applicable GST

Loan related Recovery Charges(If applicable)

 

i. Auction charges for repossessed asset

At actuals+ applicable GST

ii. Cash transaction charge for repayment of EMI dues at Branches

Rs. 100 + applicable GST

iii. Charges incurred in filing legal suit

At actuals+ applicable GST

iv. Charges incurred in SARFAESI proceedings

At actuals+ applicable GST

v. Charges incurred in sending different notices

At actuals+ applicable GST

vi. Enforcement charges

At actuals+ applicable GST

vii. Non Maintenance of Mode of Payment charges (NMMP)

Rs. 800 + applicable GST

viii. Overdue Handling Charges (delinquent accounts)

  • Rs.750 where a notice has been delivered at the communication address and a paper publication is not required,
  • Rs.1,700 where no notice has been delivered at the communication address and the paper publication is to be done
  • Rs.300 charge for sending auction notice, over and above the preceding points i and ii
  • Rs.200 for sending loan recall notice over and above the preceding points i and ii

 

ix. Paper advertisement charges

At actuals+ applicable GST

x. Pick-up charges

Rs. 500 + applicable GST

xi. Professional charges

At actuals+ applicable GST

xii. Repossession charges

At actuals+ applicable GST

xiii. Security guard charges

At actuals + applicable GST(For Immovable asset)

xiv. Yard charges

At actuals+ applicable GST


Notes:

  • Service Tax (ST), Other Government taxes, Levies, etc., will be applicable as per prevailing rates in addition to the above-mentioned charges

  • Loan Processing Fee (LPF) not mentioned here is part of the Rate and Fees matrix communicated to the customer at the time of loan application. Please refer to www.icicibank.com , for further details

  • The charges or fees given in the above table are subject to change and the one recorded in the agreement will be binding over the site

  • Stamp duty charges shall be extra, as applicable

  • ICICI Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion

* Nil Prepayment charges on all fixed rate loans if loan is booked under priority sector lending and Borrower(s) type is Small or Micro & Loan amount is less than or equal to Rs. 50 Lacs. Further, Nil prepayment charges on all floating rate loans if Borrower(s) type is Small or Micro in accordance with MSE Code of Commitment.

For more information, please visit the nearest ICICI Bank Branch or call our Customer Care.

Range of Interest rates for Medical Equipment Loan 

Quarter ended on December-2023 Minimum Maximum Mean
Medical Equipment 9.20% 10.05% 9.47%
  • The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter 3 - FY: 2023-24.
  • It includes fixed rate of interest and is based on factors such as customer relationship, vehicle segment and tenure of loan etc.
  • Interest rate for used vehicle loan is based on age and segment of vehicle, tenure of loan and product variant like top up, refinance etc.
  • It excludes subsidy and government schemes.
  • Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.

Annual Percentage Rate

The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and loan origination fee.

To calculate the same, please click here to download the APR calculator.