Interest Rate & Charges
Type of credit facilityInterest Rate and charges applicable
Consumer EMI Interest Rate 11% to 32%
Processing Fee Rs 99 to Rs999
Prepayment Charges 5% on principal outstanding plus Goods and Services Tax (GST)
Additional Interest on late payment Repayment Mode Swap Charges
Rs 500/- per transaction plus GST
Loan Cancellation Charges Rs 3000/- plus GST
EMI Bounce Charges Rs 400/- per bounce plus GST
Amortization schedule charges Rs 200/- per transaction plus GST
Statement of Account Charges Rs 200/- per transaction plus GST
Prepayment or foreclosure statement charges Rs 100/- per transaction plus GST
Duplicate No Objection Certificate / No Due Rs 100/- per schedule plus GST


  1. Specific interest rate applicable to a customer would be dependent on segment, asset category, brand and schemes provided by Original Equipment Manufacturer (OEMs), tenure and processing fee if applicable.
  2. Processing fee is dependent on the asset category, asset price, schemes provided by OEMs, and tenure.
  3. ICICI Bank Limited reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion.
  4. GST and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges at the discretion of ICICI Bank Limited.
  5. 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 Rate Range for October 2021 to December 2021:

Type of credit facilityMinimumMaximumMean
Consumer EMI 11.18% 32.46% 19.70%

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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