Charges & Interest Amount
  i. Additional Interest 2% per month on overdue EMI
Penal Charges
  i. Prepayment charges 5% + applicable GST on the Principal outstanding
  ii. Bounce Charges 400 + applicable GST
  iii. Loan Cancellation Charges 2000 + applicable GST
Service Charges
  i. Duplicate Repayment/Amortization schedule charges 500 + applicable GST
  ii. Statement of Account charges 200 + 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. Swap charges 500 + applicable GST
  vii. Loan documentation charges Normal Bikes: 2.25% of loan amount + applicable GST.
Super Bikes: 2% of loan amount or 4000 whichever is lower + applicable GST.
  viii. Registration Certificate (RC) Collection Fees 499 + applicable GST
  ix. Information Utility Charges (Only for Corporate Cases) 300 + applicable GST
  x. Cash Transaction Charges (for repayment of EMI dues in cash at branches) 100 + applicable GST
  xi. Processing fees Premium Vehicles - 4.75 % of Loan amount + applicable GST.
Super Premium Vehicles - 2.5 % of loan amount + applicable GST
(Includes Loan documentation charges also)
  xii. Stamp duty charges At Actuals as per State Stamp Duty Act along with applicable taxes (if any)


Important points:

  1. Goods and Services Tax (GST), Other Government taxes, Levies, etc., will be applicable as per prevailing rates, in addition to the above mentioned charges
  2. 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
  3. Interest Reset clause: Not Applicable
  4. The charges are applicable for all customers from Mar 31, 2016
  5. Stamp duty charges shall be extra, as applicable
  6. 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%


  • - The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter 4 - FY: 2021-22.
  • - It includes fixed rate of interest and is based on factors such as customer relationship, asset segment, tenure of loan 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 the annualised credit cost, which includes the interest rate and the loan origination fee.

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

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