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Service Charges & Fees for Personal Loans

Enclosed find the service charges for an ICICI Bank Personal Loan

  • Personal Loans can be foreclosed any time after the payment of the 1st EMI and the applicable charges are 3% + plus applicable taxes.
  • Pre-closure statements are available over the counter at all Asset Servicing Branches
  • NIL Pre-closure charges , if 12 EMIs are Paid.
  • Facility of part pre-payment is not available.

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Description of Charges Charges applicable
Loan Processing Charges / Origination Charges (Non-Refundable) Upto 2.50% of loan amount plus applicable taxes
Prepayment Charges For salaried customers, 3% on principal outstanding after payment of 1st EMI and NIL, if 12 or more EMIs are paid. For MSE classified customers , charges are NIL after payment of the 1st EMI for Loan amount upto 50 lakhs.
Additional Charges on late payment 24% per annum
Repayment Mode Swap Charges ₹ 500/- per transaction plus applicable taxes
Loan Cancellation Charges ₹ 3000/-plus applicable taxes
EMI Bounce Charges ₹ 500/- per bounce plus applicable taxes
Non Maintenance of Mode of Payment (NMMP Charges) ₹ 800/- (Plus applicable taxes or statutory levies, if any) (Charges levied on monthly basis if loan repayment mode is inactive / ir-regular)


  • GST 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.
  • Auto Debit Bounce charges: ₹50 + applicable taxes#

    #Amount will be debited from your savings account.

Interest Rate Range for Personal Loans for period July 2023 to September 23 :

Type of credit facility Max Min Mean
Personal Loan Interest Rates 19.09% p.a. 10.65% p.a. 11.87% p.a.


  • It includes various categories like loan amount, customer relationships, type of corporate/business, etc
  • It excludes subsidy, government schemes and loans disbursed under Credit Guarantee Scheme (ECLGS) at mandated interest rate of 9.25%

Annual Percentage Rate

The Annual Percentage Rate (APR) is a method to compute annualised credit cost which includes interest rate and processing fee.

The APR calculator does not include charges such as prepayment charges, etc.

To calculate the same, please click here to download the APR calculator.