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Charges & Interest Amount
Penal Charges
  i. Prepayment charges 5% on the Principal outstanding + applicable GST
  ii. Bounce Charges 500 + applicable GST
  iii. Late Payment Charges 2% per month on overdue EMI
Service Charges
  i. Duplicate Repayment/Amortization schedule charges Rs. 150/- (for physical report) + applicable GST
Nil for digital report
  ii. Statement of Account charges Rs. 150/- (for physical report) + applicable GST
Nil for digital report
  iii. Prepayment statement charges Rs. 150/- (for physical report) + applicable GST
Nil for digital report
  iv. Duplicate No objection certificate / No due certificate charges 250 + applicable GST
  v. Revalidation of No objection certificate charges 250 + applicable GST
  vi. Swap charges 500 + applicable GST
  vii. Registration Certificate (RC) Collection Fees 600 + applicable GST
  viii. Information Utility Charges (Only for Corporate Cases) 300 + applicable GST
  ix. Cash Transaction Charges (for repayment of EMI dues in cash at branches) 100 + applicable GST
  x. Loan Cancellation Charges 2000 + 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)
  xiii. Stamp duty charges At Actuals as per State Stamp Duty Act + applicable GST

Important points:

  1. 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 September 15, 2022
  5. 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 on June-2022 Minimum Maximum Mean
Two Wheeler / Super Premium bike Loan 9.00% 28.00% 19.67%

Note:

  • The range of interest rates provided above is with respect to loans to individuals disbursed during Quarter 1 - FY: 2022-23.
  • 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.