Service Charges

ICICI Bank Medical Equipment Loans are the best finance option for doctors planning to upgrade the medical equipment and other facilities in their clinics, nursing homes, etc. Not only do you get an attractive interest rate, the processing fee too is just a nominal percentage.

Description of Charges		Charge
Loan Processing charge / Renewal charge		1 %* of the loan amount
Prepayment Charges		4% on the principal outstanding
Solvency Certificate		N.A.
Late Payment charge		2% per month
Charge for changing from fixed rate of interest to floating rate		NA
Charge for changing from floating rate of interest to fixed rate		NA
Document Retrieval charge		NA
Cheque Swap charge		Rs. 500
Cheque Return charge		Rs. 200/-

In addition, Service Tax and other Government taxes, levies, etc. are applicable as per the prevailing rate.

*up to 4 % depending on the loan amount.