Commercial Vehicle Loan Service Charges & Fees

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.

Quarter ended at March - 2022	Minimum	Maximum	Mean
Two Wheeler / Super Premium bike Loan	9.00%	28.00%	19.50%

Notes

Service Tax (ST), 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 above table are subject to change and the one recorded in agreement will be binding over the site.
Interest Reset clause: Not Applicable.
The above mentioned charges would be applicable for existing customers from March 31, 2016.
Stamp duty charges shall be extra as applicable
Additional documentation charges of Rs.350/- 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.

Quarter ended at December - 2021	Minimum	Maximum	Mean
Commercial Vehicle Loan	7.25%	20.00%	9.67%

The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter 3 - FY: 2021-22.
It includes fixed rate of interest and is based on factors such as customer relationship, vehicle segment and tenure of loan etc.
Interest rate for used vehicle loan is based on age and segment of vehicle, tenure of loan and product variant like top up, refinance etc.
It excludes subsidy and government schemes.
Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.