Saturday 29 June 2024

Revision in Service Charges for your Loan Account

 
 
Dear Customer,

We have updated the Service Charges for your ICICI Bank Loan Account with effect from May 01, 2024. The following is the list of applicable Service Charges for your reference.
 
Nature of Charge Charges
No Objection Certificate (For Pari Passu) Up to ₹10,000 per Certificate
Solvency Certificate Charges Up to ₹25,000 per Certificate
Valuation Charges Internal: Up to ₹5,000 per property
 External: At actuals, to be reimbursed by the Borrower
Non-refundable Charges under Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) At actuals, to be reimbursed by the Borrower
Legal Fee At actuals, to be reimbursed by the Borrower
Inspection and Monitoring Charges (Collateral Management Charges) At actuals, to be reimbursed by the Borrower
Auction Charges for repossessed assets At actuals, to be reimbursed by the Borrower
Enforcement Charges At actuals, to be reimbursed by the Borrower
Paper Advertisement Charges At actuals, to be reimbursed by the Borrower
Professional Charges At actuals, to be reimbursed by the Borrower
Repossession Charges At actuals, to be reimbursed by the Borrower
Registrar of Companies and related Charges At actuals, to be reimbursed by the Borrower
Stock Audit At actuals, to be reimbursed by the Borrower
RBI Annexure III At actuals, to be reimbursed by the Borrower
Prepayment Charges (including part prepayment)
As per regulatory guidelines, up to 2% on the principal amount of the Loan being prepaid
Note: No foreclosure charges will be levied on Micro and Small Enterprises
Other Miscellaneous Charges At actuals, to be reimbursed by the Borrower
 
Note: The charges mentioned above are exclusive of applicable taxes.
 
Sincerely,
Team ICICI Bank
 
 
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