Service Charges & Fees for Personal Loans on Credit Card

Rate of annualised penal charges in case of delayed payments*

1. Interest will be charged if the Total Amount Due is not paid by the payment due date. Interest will be charged on the Total Amount Due and on all new transactions (from the transaction date) till the time the previous outstanding amounts are paid in full. The rate of interest may be changed at the sole discretion of ICICI Bank. It ranges from 1.25% per month (15% per annum) to 3.67% per month (44% per annum). GST would be applicable.

2. Late Payment charges on your Card will be a function of the Total Amount Due and will be as follows:

Rate of annualised other penal charges*

1. Auto-debit return charges: The charges could be applicable in case of auto-debit failure i.e. 2% of the Total Amount Due (subject to a minimum of Rs 500). GST will be applicable on the auto-debit failure fee.

2. Over-limit Fee: The fee could be applicable in case the credit limit on the Card is breached while availing PLCC.

2.5% of the over-limit amount (subject to a minimum of Rs 550) will be levied, except for ICICI Bank's Emeralde Credit Card. GST will be applicable on over-limit fees.

3. Foreclosure charges: The charges applicable are up to 3% of the outstanding principal amount. The next month’s EMI (interest as per amortisation table) would be applicable in the event of pre-closure of the loan after the cooling off period. GST would be applicable.

Charges in case of delinquency:

d) Charges incurred in filing legal suit – at actuals

e) Charges incurred in sending different notices – at actuals

f) Pick-up charges per instance – Rs 500 + GST

g) Cash transaction charge per instance for repayment of EMI dues at Branches – Rs 100 + GST

Cooling off / look up period during which the borrower

shall not be charged any penalty for cancellation /

pre-payment of loan

15 days