Charges & Interest | Amount |
---|---|
Interest | |
i. Additional Interest | 2% per month on overdue EMI |
Penal Charges | |
i. Prepayment charges | 4% + applicable GST on the Principal outstanding |
ii. Bounce Charges | 500 + applicable GST |
iii. Loan Cancellation Charges | 3000 + applicable GST |
Service Charges | |
i. Duplicate Repayment/Amortization schedule charges | 500 + applicable GST |
ii. Statement of Account charges | 500 + applicable GST |
iii. Prepayment statement charges | 100 + applicable GST |
iv. Duplicate No objection certificate / No due certificate charges | 500 + applicable GST |
v. Revalidation of No objection certificate charges | 500 + applicable GST |
vi. No objection certificate for conversion from Petrol to LPG/CNG charges | 500 + applicable GST |
vii. No objection certificate to convert from private to commercial or from commercial to private charges | 2000 + applicable GST |
viii. Swap charges | 500 + applicable GST |
ix. Loan documentation charges | 500-800 + applicable GST |
x. Registration Certificate (RC) Collection Fees | 500-700 + applicable GST |
xi. Loan Reschedulement / rebooking charges | 2500 + applicable GST |
xii. CERSAI Charges | NA |
xiii. Information Utility Charges (Only for Corporate Cases) | 300 + applicable GST |
xiv. Cash Transaction Charges (for repayment of EMI dues in cash at branches) | 100 + applicable GST |
xv. Processing fees | New - 0.25% to 1% Used 0.35% -1%, Minimum Rs.3,000 + applicable GST |
xvi. Stamp duty charges | At actuals as per State Stamp Duty Act + applicable GST(if any) |
Important points:
- Goods and Services Tax (GST), Other Government taxes, Levies, etc., will be applicable as per 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 the agreement, will be binding over the site
- Interest Reset clause: Not Applicable
- The charges are applicable for all customers from Mar 31, 2016
- 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
For more information, please visit the nearest ICICI Bank branch or call our Customer Care.
Range of Interest rates for Two Wheeler / Super Premium bike Loan
Quarter ended at March - 2022 | Minimum | Maximum | Mean |
---|---|---|---|
Two Wheeler / Super Premium bike Loan | 9.00% | 28.00% | 19.50% |