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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.