Personal Loans for all your financial needs
ICICI Bank Personal Loan
Thinking of renovating your house? Yearning to buy a new laptop? Need financial assistance for marriage-related expenses or for your child's higher education? An ICICI Bank Personal Loan is your one-stop-shop for fulfilling all your financial aspirations!
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ICICI Bank Personal Loan - Key Benefits
- Loan up to Rs. 15 Lakhs
- No security/guarantor required
- Faster processing.
- Minimum documentation
- Attractive rates of interest
- Flexible repayment option of 12-60 months
ICICI Bank may, at its sole discretion, utilise the services of external service provider/s or agent/s and on such terms as required or necessary, in relation to its products.
Service Charges & Fees for Personal Loans
Enclosed find the service charges for an ICICI Bank Personal Loan
- Prepayment of the loan is possible after 180 days of availing the loan.
- Prepayment charges as applicable would be levied on the outstanding loan.
- Part prepayment facility on the loan is not available.
| Description of Charges | Charges applicable |
| Loan Processing Charges / Origination Charges (Non-Refundable) | Upto 2.25% of loan amount plus Service Tax |
| Prepayment Charges | The lower of the two amounts given below: 1) 5% of principal outstanding or 2) Interest outstanding for the unexpired period of the loan. |
| Charges for late payment | 2% per month |
| Cheque Swap Charges | Rs. 500/- per transaction |
| Cheque return charges^ | Rs. 400/- per return |
| Amortisation schedule charges | Rs. 200/- per schedule (inclusive of service tax) |
| Statement of Account Charges | Rs. 200/- per statement (inclusive of service tax) |
| Prepayment/Foreclosure Statement Charges | Rs. 100/- per statement (inclusive of service tax) |
| Duplicate No Objection Certificate/ No Due Certificate | Rs. 500/- per NOC (inclusive of service tax) Rs 200/- per NOC (inclusive of service tax) |
| Duplicate Repayment/Foreclosure statement | Rs. 200/- per schedule (inclusive of service tax) |
Notes :
- Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges at the discretion of ICICI Bank ltd.
- The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over this site.
- ^Effective for loans availed from August 1st, 2009. For loans availed prior to the said date, the cheque return charge is Rs 200 + applicable service tax.
- Current Service Tax applicable is 12.36%.
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