|Description of Charges||Charges Amount|
|Non-Refundable Loan Processing Fee:
|2.5% of Loan amount or Max ₹ 2500/-|
|Non Refundable Loan Processing Fee:
Super Premium Vehicles
|1% of Loan amount or Max of ₹ 5000/-|
|Documentation Charges||Rs 2.25% of Loan amount or Maximum of Rs 1000/-|
|CIBIL Report Charges||₹ 50|
|Registration Certificate Collection Charges||₹ 350|
|Part Prepayment Option||Part prepayment of the loan is not allowed|
|Full Prepayment Charges||5% on principal outstanding or interest outstanding for unexpired period of loan (whichever is lower)|
|Charges for late payment of loans||2% per month on the outstanding installment|
|Swap Charges||₹ 500 per transaction|
|Bounce Charges||₹ 400 per transaction|
|Amortisation Schedule Charges||₹ 500 per schedule|
|Statement of Account Charges||₹ 200 per statement|
|Prepayment Statement Charges||₹ 200 per statement|
|Duplicate No Objection Certificate (NOC)/No Due Certificate (NDC) Charges||₹ 500 per NOC/NDC|
|Revalidation of NOC Charges||₹ 500 per NOC|
|Loan Cancellation Charges||₹ 3,000 per loan|
Forgot Password? Get User ID?
How Can We Help You?
Find relevant answers to most of your queries here.
Submit your request/query.
Check FAQs, raise Service Request, share compliments or raise complaints
Locate our branches and ATMs.
Two Wheeler Loan Service Charges
- 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
Range of Interest rates for Two wheeler loans
|Quarter ended on December - 2016||Minimum||Maximum||Mean|
|Two Wheeler Loan||11.00%||28.67%||21.65%|
- The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter III - FY:2016-17.
- 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 annualized credit cost which includes interest rate and loan origination fee.
To calculate the same, please click here to download the APR calculator.
Explore the power of simpler and smarter banking. Bank online with over 250 services
Bank on the go with our Mobile Banking services. Download app or use SMS
Pockets by ICICI Bank
VISA powered Universal payment wallet. Download today
Bank 24/7 through a widespread network of over 4,501 branches and 14,271 ATMs