Hi, I am an ICICI bank account holder and when I was in need of some funds, I chose to go for an ICICI personal loan. But I wasn’t aware of ICICI bank personal loan processing fee and other details, so I called a friend who works at the bank. He answered all my queries by providing me with all the necessary details.
What is the ICICI Personal Loan Processing Fee?
I have added all the information related to the loans such as personal loan processing fee ICICI, etc. in the table below.
| Type of Credit Facility | Interest Rate and Charges Applicable |
Personal Loan Interest Rates |
10.80% to 16.15% p.a. |
Loan Processing Charges (Non Refundable) |
Up to 2 % of loan amount |
Prepayment /Foreclosure Charges |
3% on the principal outstanding amount. Nil after 12 EMIs paid. |
Cheque /AD/ECS bounce Charges / SAL OD (Late payment fees) |
Rs. 500 |
Repayment mode swap Charges |
Rs. 500 |
These are all the information that my friend provided me about the ICICI personal loan processing fee.
He also told me that there are no loan cancellation charges within the free lock/ cooling off period, which is 15 days from the date of disbursement. Post-cooling off period and before the 1st EMI date, a proportionate APR be considered with the max capping of Rs. 2,500 will be applicable for Digital Lending. For non-digital lending, the cancellation fee is Rs. 2,500.
And that’s all about the ICICI bank personal loan processing fee. Hope this helps.
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What is ICICI Bank Personal Loan Processing Fee?
Anand
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4 months
2024-05-14T08:44:04+00:00 2024-05-14T08:47:33+00:00Comment
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