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Service Charges
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Our rates are among the most competitive in the market. |
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Interest rates are fixed for the tenure of the contract and are calculated on a reducing principal basis.
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| Description of Charges |
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Commercial Vehicle Loans |
| Loan Processing Charges / Origination Charges |
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2.5% of loan amount or Rs. 5,000/- whichever is higher + Origination Charges of upto 1.5% of loan amount |
| Prepayment Charges |
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4% on the principal outstanding |
| Solvency Certificate |
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N.A. |
| Charges for late payment (loans) |
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2% per month |
Charges for changing from fixed to floating rates of interest |
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N.A. |
Charges for changing from floating to fixed rates of interest |
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N.A. |
| Cheque Swap Charges |
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Rs. 500/- |
| Document Retrieval Charges |
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N.A. |
| Cheque bounce charges |
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Rs. 225/- |
Note :
1) Origination Charges are included in the Advance installments/ First installment.
2) Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate may be charged over and above these charges at the discretion of ICICI Bank.
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