|Type of Credit facility||Interest Rate and charges applicable|
|Cardless EMI Interest Rate||9.92% to 20.29%|
|Repayment Mode Swap Charges||₹ 500/- per transaction|
|Amortization schedule charges||₹ 200/- per transaction|
|Statement of Account Charges||₹ 200/- per transaction|
|Prepayment or foreclosure statement charges||₹ 100/- per transaction|
|Duplicate No Objection Certificate / No Due Certificate||₹ 100/- per schedule|
|Prepayment Charges||5% on principal outstanding|
|Loan Cancellation Charges||₹ 3000/-*|
|EMI Bounce Charges||₹ 400/- per bounce|
|Penalty/Additional Interest on late payment||24% per annum|
|Legal & incidental charges||Incidental Charges are those expense that are not budgeted or specified but are incurred by ICICI Bank Limited on behalf of the Borrower. At Actuals.|
Interest Rate Range for Jan 2022 to Mar 2022:
|Type of Credit facility||Minimum||Maximum||Mean|
Note: Mean rate = Sum of rate of all loan accounts/number of all loan amounts
Annual Percentage Rate
The Annual Percentage Rate (APR) is a method to compute annualised credit cost which includes interest rate and processing fee.
The APR calculator does not include charges such as prepayment charges, etc.
To calculate the same, please click here to download the APR calculator.
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