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Interest Rate and Charges

Type of Credit facility	Interest Rate and charges applicable
Cardless EMI Interest Rate	12% to 19%
Processing Fee	Nil
Prepayment Charges	5% on the Principal Outstanding plus Goods and Services Tax (GST)
Additional Interest on late payment	Charges for late payment/additional interest: applicable rate + 24% per annum, plus applicable taxes, if any
Repayment Mode Swap Charges	Rs 500 per transaction plus GST
Loan Cancellation Charges	Rs 3,000 plus GST
EMI Bounce Charges	Rs 400 per bounce plus GST
Amortization schedule charges	Rs 200 per transaction plus GST
Statement of Account Charges	Rs 200 per transaction plus GST
Prepayment or foreclosure statement charges	Rs 100 per transaction plus GST
Duplicate No Objection Certificate / No Due	Rs 100 per schedule plus GST

Note:

Specific interest rate applicable to a customer would be dependent on the segment, asset category, brand and schemes provided by the Original Equipment Manufacturers (OEMs) and the tenure,
Service Tax (ST), Other Government taxes, levies, etc., will be applicable, as per the prevailing rates, in addition to the above mentioned charges.
The charges or fees given in the above table are subject to change and the one recorded in agreement will be binding over the site.
ICICI Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion.

Interest Rate Range for January 2021 to March 2021 :