ICICI Personal Loan Interest Rates

Interest Rates 2017 694 views

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ICICI Personal Loan Interest Rate Details

Interest Rate11.00% - 18.49% per annum
Loan AmountUp to ₹ 20 Lakh
Tenure5 Years
Processing Fees (Non-Refundable)Upto 2.25% per annum of loan amount plus GST
Prepayment Charges5% per annum of principal outstanding plus GST
Additional Interest on late payment24% per annum
Repayment Mode Swap Charges₹ 500/- per transaction plus GST
Amortisation Schedule Charges₹ 200/- per schedule plus GST
Statement of Account Charges₹ 200/- per schedule plus GST
Prepayment/Foreclosure Statement Charges₹ 100/- per schedule plus GST
Duplicate No Objection Certificate/ No Due Certificate₹ 500/- per NOC plus GST/₹ 200/- per NDC plus GST
Duplicate Prepayment/Foreclosure Statement Charges₹ 200/- per schedule plus GST
Loan Cancellation Charges₹ 3000/- plus GST
EMI Bounce Charges₹ 400/- per bounce plus GST

Note: Current GST applicable is 18.00% with effect from July 01, 2017.

Fees & Charges on ICICI Personal Loan

  • Prepayment of the loan is possible any time during the loan tenure subject to payment of standard pre-closure charges of 5%+GST
  • Prepayment charges (if any) will be waived off if the customer has paid 12 or more EMIs
  • Prepayment charges are not applicable in case of balance transfer

ICICI Bank Personal Loan Balance Transfer Interest Rate

There is a balance transfer facility for personal loans at ICICI Bank. The interest rate for the personal loan balance transfer is low and is available if you have paid 12 EMIs in your existing bank.

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