ICICI Bank Car Loan Service Charges

Applicable Penal Charges

5% p.a.

Existing Penal Charges

24% p.a.

Used Car Loan

Up to 2% of the loan amount plus GST

New Car Loan

Up to 2% of the loan amount plus GST

Loan Cancellation

1. Digital: No charges are levied during the cooling off/ Free Look period. Rs.2,500 plus GST will be the fee post that
2. Non-Digital: Rs.2,500 plus GST

Cheque/ AD/ ECS/ NACH Dishonour Charges per Transaction

Rs.500 plus GST

Late Payment Charges

5% p.a. plus applicable taxes on the amount that is due

Pre-Payment Charges

1. Up to 24 months: 3%
2. Above 24 months: Nil

Information Utility Charges

Rs.300 plus GST

Used Car Valuation Charges

Auto – Used Car – Rs.800 plus GST

Stamp Duty Charges

At Actuals plus GST

Registration Certificate Collection Fees

Rs.600 plus GST

Loan Documentation Charges

Rs.500 plus GST

Security Guard Charges

At actuals

Repossession Charges

At actuals

Paper Advertisement Charges

At actuals

NMMP

Rs.800 plus GST

Enforcement Charges

At actuals

For Sending Different Notices

At actuals

SARFAESI Proceedings

At actuals

CERSAI Charges (Non-Refundable)

Rs.100 plus GST

Prepayment Charges

1. Above 24 months: Nil
2. 13 months – 24 months: 2%
3. Up to 12 months: 3%
4. Micro and Small Segment: Nil

Cash Transaction Charges

Rs.100 plus GST

Swap Charges for Repayment

Rs.500 plus GST

Private to Commercial Conversion NOC

Rs.250 plus GST

Commercial to Private Conversion NOC

Rs.250 plus GST

Petrol to CNG/ LPG Conversion NOC

Rs.250 plus GST

NOC Revalidation

Rs.250 plus GST

Duplicate NOC

Rs.250 plus GST

Prepayment Statement Charges

Rs.200 plus GST

Duplicate Repayment Schedule Charges

Rs.200 plus GST