Farmer Finance
Product |
Maximum |
Minimum |
Mean |
Farmer Finance Facility |
15.50% |
10.10% |
13.10% |
Notes:
1) The interest rates provided are with respect to the individual loans disbursed between April 01, 2024 and June 30, 2024.
2) Mean rate - Sum of rates of all the loans/number of Loan Accounts.
3) The interest rates are dependent on the credit assessment parameters of the Bank.
4) The data excludes lending done under the Crop Loan Subvention Schemes of the Government.
Description of Charges |
Facility Type |
Charges / Fees** |
Service Charges |
||
Processing Fees |
Kisan Credit Card (KCC) |
Up to 2% of the initial sanction at the time of disbursement and renewal |
No Processing Fees for Interest Subvention Cases |
||
Up to 0.50% of the sanction limit at the time of review with enhancement OR up to 0.25% of the sanction limit at the time of review without enhancement of the account |
||
Agri Term Loan (ATL) |
Up to 2% of the sanction limit at the time of disbursement |
|
Kisan Samriddhi Overdraft (KSOD) |
Up to 2% of the sanction limit at the time of disbursement and renewal & up to 0.50% of the sanction limit in case of enhancement, for existing customers |
|
Stamp Duty and other statutory charges |
All |
At actuals as per the applicable laws of the State at the time of loan processing |
Legal Fees (All states except Madhya Pradesh) |
|
KCC limit up to ₹3 Lakh - ₹1,750 |
KCC limit from ₹3 Lakh to ₹10 Lakh - ₹2,500 |
||
KCC limit above ₹10 Lakh - ₹3,500 |
||
Legal Fees (Madhya Pradesh) |
|
KCC limit up to ₹3 Lakh - ₹2,350 |
KCC limit from ₹3 Lakh to ₹10 Lakh - ₹3,100 |
||
KCC limit above ₹10 Lakh - ₹4,100 |
||
Legal fees for all residential and commercial properties |
|
₹2,500 for each residential or commercial property obtained as security |
Valuation Fees |
KCC/ KCC Variants/ KSOD/ KSDLOD |
₹2,500 per case for valuation of agricultural land |
₹2,500 per property for valuation of residential or commercial property |
||
Penal Charges |
||
Penal Charges |
Kisan Credit Card (KCC)/ Kisan Samriddhi Overdraft (KSOD)/ Kisan Samriddhi Dropline Overdraft (KSDLOD) |
5% per annum on the overdue amount and/or overdrawn amount from the due date till the date of actual payment |
Agri Term Loan |
5% per annum will be charged on the overdue instalment until repayment |
|
Bounce/Late Payment Charges |
||
Penal Charge for dishonour of Cheque/AD/ECS/NACH per transaction |
Kisan Credit Card |
₹500 per instance of bounce/ return/dishonour of Cheque and/or any payment instructions including AD (Auto Debit) /ECS (Electronic Clearing Service)/ NACH (National Automated Clearing House)/ E-mandate |
Agri Term Loan |
||
Foreclosure Charges* |
Kisan Credit Card |
In case the account is closed within one year of account opening, 2% prepayment charges will be levied on the outstanding amount as of the previous month end. |
Agri Term Loan/Kisan Samriddhi Overdraft |
Nil |
|
Processing Fees and Other Service Charges shall not be applicable for KCC loans sanctioned to the KCC Borrower up to ₹3,00,000
Penal Charges shall not be applicable for KCC loans sanctioned to the KCC Borrower up to ₹25,000
**Charges which are in the nature of fees are exclusive of GST and are only applicable, if the total limit sanctioned (KCC+KCC variants+ ATL+ KSOD+ KSDLOD) is more than ₹3 lakh
GST and other Government levies, as applicable, will be charged additionally.
Grievance redressal mechanism:
ICICI Bank follows a three-level grievance redressal mechanism.
For details, please click here
Call us on our toll-free number 1800 200 3344 between 9.00 a.m. to 06.00 p.m.
OR
Raise a complaint through the link given below: <https://nli.icicibank.com/NewRetailWeb/loadGrievanceFormOne.htm>
