Schedule of Charges-EMI on Debit Card
Processing fee | ₹199 + Goods and Services Tax (GST) applicable. A processing fee will be charged, which is non-refundable. |
Auto-Debit return fee | ₹500 + Goods and Services Tax (GST) |
Interest Rate | Interest rate is 16% PA. The rate of interest may be changed at the sole discretion of ICICI Bank. |
Late Payment Charges (LPC) | The LPC on account will be a function of the total outstanding balance and will be as follows: |
If Less than ₹10,000 | ₹500 + Goods and Services Tax (GST) |
If More than ₹10,000 | ₹750 + Goods and Services Tax (GST) |
Foreclosure charges | 3% of the outstanding principal amount + Goods and Services Tax (GST) applicable and The next month's EMI interest charges are applicable in advance during foreclosure. |
Cash transaction charges for repayment of EMI dues at bank branches. | ₹150 + Goods and Services Tax (GST) applicable |