|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||₹ 499|
|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|
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 September - 2017||Minimum||Maximum||Mean|
|Two Wheeler Loan||10.50%||26.06%||21.68%|
- The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter II - FY:2017-18.
- 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.
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