Rates and Charges
We offer competitive rates of interest which suit your budget.
- Interest rates depend on Car Model, Loan Tenure, customer & location.
- Interest is calculated on a monthly reducing balance.
Description of Charges |
|
Car Loans |
Loan Processing Fees Charges / Renewal Charges |
|
Rs 650/- |
Stamp Duty |
|
Actuals |
Prepayment Charges |
|
5% on the principal outstanding |
Solvency Certificate |
|
N.A. |
Charges for late payment (loans) |
|
2% per month |
Charges for changing from fixed to floating rates of interest |
|
N.A. |
Charges for changing from floating to fixed rates of interest |
|
N.A. |
Cheque Swap Charges |
|
Rs. 500/- |
Document Retrieval Charges |
|
N.A. |
Cheque bounce charges |
|
Rs. 200/- |
Note : Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate may be charged over and above these charges at the discretion of ICICI Bank.
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