Construction Equipment Loan Service Charges & Fees

Description of Charges	Charges Amount
Duplicate Repayment/Amortization schedule charges	₹500
Statement of Account charges	₹500
Prepayment statement charges	₹100
Duplicate No objection certificate / No due certificate charges	₹500
Revalidation of No objection certificate charges	₹500
No objection certificate for conversion from Petrol to LPG/CNG charges	₹500
Prepayment charges	4% on the Principal outstanding of eligible customers
Charge for late payment of loan	2% per month
Swap charges	₹500
Bounce Charges	₹500
Loan processing fee (LPF)	Up to 2.00% of loan amount
Loan documentation charges	₹550
Loan processing fee (LPF)	Up to 2.00% of loan amount
Registration Certificate (RC) Collection Fees	₹400
Loan Cancellation Charges	₹3000
Loan Reschedulement / rebooking charges	₹2500
CERSAI Charges	₹100
CIBIL Report Charges	₹50
Information Utility Charges (Only for Corporate Cases)	₹300
Cash Transaction Charges (for repayment of EMI dues in cash at branches)	₹100

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 November 23, 2021.
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 December - 2021	Minimum	Maximum	Mean
Construction Equipment Loan	7.25%	17.14%	10.05%

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.

The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and loan origination fee.

To calculate the same, please click here to download the APR calculator.