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Service Charges & Fees for Personal Loans

Enclosed find the service charges for an ICICI Bank Personal Loan

  • Pre-payment of loan is possible anytime during loan tenure after payment of 1 EMI with applicable foreclosure charges i.e 5%+GST on principal outstanding.
  • The waiver, if any, of the prepayment charges will be applicable provided:
    • The customer has paid 12 or more EMIs and
    • The pre-payment of the loan is done using customer’s own funds (Waiver on pre-payment charges is not applicable in cases of balance transfer)
  • Facility of part pre-payment is not available.
Description of Charges Charges applicable
Loan Processing Charges / Origination Charges (Non-Refundable) Upto 2.50% of loan amount plus GST
Prepayment Charges 5% on principal outstanding plus GST (for salaried customers)
Nil, if loan is closed using own funds (MSME classified customers)
Additional Interest on late payment 24% per annum
Repayment Mode Swap Charges ₹ 500/- per transaction plus GST
Loan Cancellation Charges ₹ 3000/- plus GST
^EMI Bounce Charges ₹ 400/- per bounce plus GST
Miscellaneous charges viz. charges incurred in filing legal suit, Non Maintenance of Mode of Payment (NMMP) charges, pick-up charges wherein customer requests for a pickup of the payment, professional charges for availing services of professionals, paper advertisement charges, charges incurred in sending different notices, charges levied for deposition of cheque in branches for the purpose of paying loan dues and any other charges (as applicable) that are not budgeted or specified, but are incurred by the bank on behalf of the customer. At actuals
Cash transaction charge for repayment of EMI dues at Branches ₹ 100


  • 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 ltd.
  • The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over this site.
  • ^Effective for loans availed from August 1st, 2009. For loans availed prior to the said date, the cheque return charge is ₹ 200 + applicable GST
  • Current GST applicable is 18.00% with effect from July 01, 2017.
  • Auto Debit Bounce charges: Rs. 50 + GST#

    #Amount will be debited from your savings account.

Interest Rate Range for Personal Loans for period July 22 to Sep 22:

Type of credit facility Max Min Mean
Personal Loan Interest Rates 19.01% p.a. 10.25% p.a. 12.69% p.a.


  • It includes various categories like loan amount, customer relationships, type of corporate/business, etc
  • It excludes subsidy, government schemes and loans disbursed under Credit Guarantee Scheme (ECLGS) at mandated interest rate of 9.25%

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.