Sunday 22 June 2014

Service Charges & Fees

02:09     3 comments

Service Charges & Fees

ICICI Bank ensures that you get the best Loans in terms of interest rates and other facilities. You can choose from Adjustable, Fixed or Floating Rate Loan.

ChargesMortgages Loans
Loan Processing Charges / Renewal Charges (Non Refundable) 0.50% - 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge
Prepayment Charges Nil for Home Loans and Home Improvement Loans with floating rate of interest.
2% plus applicable taxes on principal outstanding* on full repayment for Home Loans with fixed rate of interest.
2% plus applicable taxes on principal outstanding* on full repayment for Top Up loan if the applicant or co-applicant is Non Individual.
4% plus applicable taxes on principal outstanding* where loan** is given to Non Individual borrowers or with fixed rate of interest to Individual borrowers.
*Current principal outstanding and all amounts tendered by the borrower towards prepayment of the Facility during the last one year from the date of final prepayment.
**Home Equity Loan/Home Equity Enhancement Loan, Office Premises Loan and Lease Rental Discounting Loan.
Charges for late payment Home Loans : 2% per month Home OD : 1.5% of the outstanding amount subject to minimum of Rs. 500/- & Maximum of Rs.5000/-
Conversion charges for home loan Floating to Floating 0.5% of the principal outstanding plus applicable taxes
Dual fixed rate to Floating 0.5% of the principal outstanding plus applicable taxes
Floating to Dual fixed rate 0.5% of the principal outstanding plus applicable taxes
Life time fixed to floating 1.75% of the principal outstanding plus applicable taxes
Repayment mode swap Charges Rs. 500/-
Document Retrieval Charges Rs. 500/-
Cheque bounce charges Rs. 200/-
Amortisation Schedule Rs.100 per schedule (Inclusive of S.T.)*
Statement of Account Rs.100 per statement (Inclusive of S.T.)*
Final prepayment statement Rs.100 per statement (Inclusive of S.T.)*
Duplicate No Objection Certificate / No Due Certificate Rs.100 (Inclusive of S.T.)
Revalidation of No Objection Certificate Rs.100 per NOC (Inclusive of S.T.)*
Provisional Income Tax Certificate Nil
Final Income Tax Certificate Nil
Interest Certificate NA
Change of Address Nil
Agreement Copy Nil
No Objection Certificate / No Due Certificate Nil

Note : Service Tax and other taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges

3 comments :

  1. Nag29 May 2015 at 07:29

    please clarify pre-payment charges :

    4% plus applicable taxes on principal outstanding* where loan** is given to Non Individual borrowers or with fixed rate of interest to Individual borrowers.

    4% tooooooooooo high on outstanding principal ammount ,

    ReplyDelete
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