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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

 

 

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