GET A CALL BACK

Want us to help you with anything?
Request a Call back

This field is required Only alphabetes are allowed
This field is required Only alphabetes are allowed
Please enter valid number
Please enter valid email
Please select product type
Please enter valid pincode

Thank you for your request.

Your reference number is CRM

Our executive will contact you shortly

Personal Loan Processing Fees and Charges

 

Penalty charges & service charges applicable for Personal Loans, Business Instalment Loans & Salary Overdraft:

Sr. No. Types of charges Amount
Penal Charges

1

Cheque/Auto Debit/Electronic Clearing Service bounce charges /Salary Overdraft (Late payment fee)

₹ 500

2

Charges for late payment

5% per annum will be charged on the overdue EMI (Equated Monthly Instalment) until repayment

3

Non Maintenance of Mode of Payment charges (NMMP)

₹ 800

Service Charges

1

Loan processing charges (non-refundable)

Up to 2% of the loan amount

2

Repayment mode swap charges

₹ 500

3

Loan cancellation charges

a. Nil – If the loan is cancelled within the free look/cooling off period (i.e. 15 days from the date of disbursement). Processing Fee will be non-refundable

b. If the loan is cancelled after the cooling off period, cancellation fee of ₹ 2,500 is applicable

4

Prepayment charges/Foreclosure charges

a. 3% of the outstanding principal amount

b. Nil after 12 EMIs

c. For Business Instalment Loan (BIL) <= ₹50 lakh the foreclosure charges will be ‘Nil’ only for micro and small enterprises (subject to URC -Udyam Registration Certificate submission) and not for medium enterprises

5

Part payment charges

a. 3% + GST on the part payment amount being paid for the loan seasoning period of up to 24 months

b. Nil for a loan seasoning period of above 24 months

6

Salary Overdraft (Processing Fee)

0.99% of the limit amount subject to a minimum of

₹ 1,999 and maximum of ₹ 2,999

7

Salary Overdraft (Annual renewal fee)

₹ 1,999

8

Cash transaction charges

₹ 100 at the Branch

9

Duplicate NOC (No Objection Certificate) /NDC (No Dues Certificate) charges

₹ 250 for physical printout at the Branch

10

Information utility charges (Only for corporate cases)

₹ 300

11

Prepayment statement charges

₹ 200 for physical printout at the Branch

12

Amortisation Schedule charges

₹ 200 for physical printout at the Branch

13

Loan recovery charges (if applicable)

At Actuals

Note:

1. All the above charges are exclusive of Goods & Services Tax (GST). Applicable GST, taxes and/or other statutory levies shall be levied over and above the charges levied by the Bank.

2. The charges/penal charges will be levied at the sole discretion of the Bank.

3. Foreclosure/Preclosure of the loan is allowed post payment of the 1st EMI with applicable charges.

4. The minimum part payment amount should be equivalent to 3 EMIs and the maximum part payment amount should be equivalent to the loan outstanding amount excluding the last EMI.

 5. Maximum 3 part payment requests are allowed in a Financial Year.

 

Calculate EMI Apply now

 

Grievance Redressal Mechanism:

ICICI Bank follows a three-level grievance redressal mechanism that is available on the website of the Bank. For details, please visit our website www.icicibank.com and navigate to Contact Us > Raise a Query/Complaint.