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Rural & Agri Business
ICICI Bank recognizes your key role in the Agricultural supply chain. ICICI Bank offers you financing options designed to service your specific requirements. Be it overdrafts or loans, our approvals are localised, speedy and hassle-free.
Working Capital Loans
ICICI Bank's Rural and Inclusive Banking Group (RIBG) offers Overdraft and Cash Credit facility to traders, processors, transporters, aggregations etc. in the Agri-sector.
Loan against Warehouse Receipt
Avail a credit facility against agricultural commodities.
Corporate Linked Farmer Finance Business
Description of Charges |
Facility Type |
Charges / Fee Amount** |
Service Charges |
||
Processing Fees |
Short Term Loan (STL), Loan Against Hypothecation (LAH), KCC Corporate |
Up to 2% of Loan Amount at the time of disbursement |
Dairy Funding –ATL |
Up to 2% of Loan Amount at the time of disbursement |
|
Legal Fees (All states except Madhya Pradesh) |
Short Term Loan (STL), Loan Against Hypothecation (LAH), KCC Corporate , Dairy Funding –ATL |
KCC Limit upto ₹3 Lac - ₹ 1,750 |
KCC Limit above ₹3 Lac - ₹10Lac - ₹ 2,500 |
||
KCC Limit above ₹10 Lac - ₹ 3,500 |
||
Legal Fees (Madhya Pradesh) |
KCC Limit upto ₹3 Lac - ₹ 2,350 |
|
KCC Limit above ₹3 Lac - ₹10Lac - ₹ 3,100 |
||
KCC Limit above ₹10 Lac - ₹ 4,100 |
||
Legal fees for all residential and commercial properties |
₹ 2500 for each residential or commercial property obtained as security |
|
Valuation Fees |
Short Term Loan (STL), Loan Against Hypothecation (LAH), KCC Corporate, Dairy Funding-ATL |
₹ 2,500 per case for valuation of agricultural land |
₹ 2,500 per property for valuation of residential or commercial property |
||
Penal Charges |
||
Penal Charges |
Short Term Loan (STL), Loan Against Hypothecation (LAH), KCC Corporate |
5% per annum on the overdue amount and/or overdrawn amount from due date till the date of actual payment |
Dairy Funding-ATL |
5% per annum will be charged on the overdue instalment until repayment |
|
Bounce/Late Payment Charges |
||
Penal Charge for dishonour of Cheque/AD/ECS/NACH per transaction |
Short Term Loan (STL), Loan Against Hypothecation (LAH), KCC Corporate |
₹ 500 per instance of bounce/ interest late payment |
Dairy Funding-ATL |
||
Foreclosure Charges* |
Short Term Loan (STL), Loan Against Hypothecation (LAH), KCC Corporate |
In case account closed within one year of account opening, 2% prepayment charges to be levied on the outstanding amount as on previous month end. |
Dairy Funding-ATL |
Nil |
|
