Construction Equipment Loan Service Charges & Fees

Description of ChargesCharges Amount

Duplicate Repayment/Amortization schedule charges


Statement of Account charges


Prepayment statement charges


Duplicate No objection certificate / No due certificate charges


Revalidation of No objection certificate charges


No objection certificate for conversion from Petrol to LPG/CNG charges


Prepayment charges

4% on the Principal outstanding of eligible customers

Charge for late payment of loan

2% per month

Swap charges


Bounce Charges


Loan processing fee (LPF)

Up to 2.00% of loan amount

Loan documentation charges


Registration Certificate (RC) Collection Fees


Loan Cancellation Charges


Loan Reschedulement / rebooking charges


CERSAI Charges

Rs.100 + GST

Information Utility Charges (Only for Corporate Cases)


Cash Transaction Charges (for repayment of EMI dues in cash at branches)



  1. Service Tax (ST), Other Government taxes, Levies, etc., will be applicable as per prevailing rates in addition to the above mentioned charges.
  2. Loan Processing Fee (LPF) not mentioned here is part of Rate & Fees matrix communicated to customer at the time of loan application. Please refer for further details.
  3. The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over the site.
  4. Stamp duty charges shall be extra as applicable
  5. 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 Construction Equipment Loans

Quarter ended at December - 2021MinimumMaximumMean
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.

Annual Percentage Rate

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.