ICICI Bank Logo ICICI Bank Logo

Personal Loan Processing Fees and Charges


ICICI Bank’s Personal Loans offer transparent fees and service charges, helping customers understand the costs involved at different stages of the loan. These charges may include processing fees, service-related charges, part-payment charges, prepayment or foreclosure charges and penal charges, as applicable. The amount and applicability of each charge depend on the loan terms, the borrower's profile, and prevailing policies. Some charges apply at the time of loan processing, while others may arise during the loan tenure based on repayment activity or service requests. All charges are subject to applicable taxes, statutory levies and stated terms and conditions. 
 

APPLY NOW

 

Personal Loan Fees and Charges

Penalty charges and service charges applicable for Personal Loans, Business Instalment Loans and Salary Overdraft:

 

 

Sr. No. Types of charges Amount
Service Charges

1

Loan processing charges (non-refundable).

Up to 2% of the loan amount.

2

Repayment mode swap charges.

₹500

3

Loan cancellation charges.

a. Nil, if the loan is cancelled within the free look or cooling off period (i.e. 15 days from the date of disbursement). The Processing Fee will be non-refundable.

b. If the loan is cancelled after the cooling off period, a cancellation fee of ₹2,500 is applicable.

4

Prepayment charges or foreclosure charges.

 a. 3% on principal outstanding amount.
b. Nil after 24 EMIs paid.
c. For Business lakh (BIL/BL) <=50 Lakhs i.e. Booked under code ‘UP’, the FC to be considered as “NIL” if first EMI is paid. This is applicable only for Micro and Small enterprises only subject to Udyam Registration Certificate (URC) submission and not for Medium enterprises

5

Part payment charges.

a. 3% for loans seasoning up to 24 months.

b. Nil for loan seasoning above 24 months.

6

Salary Overdraft (Processing Fee).

0.99% of the limit amount subject to a minimum of ₹1,999 and maximum of ₹2,999.

7

Salary Overdraft (Annual renewal fee).

₹1,999

8

Cash transaction charges.

₹100 at the branch.

9

Duplicate NOC (No Objection Certificate) / NDC (No Dues Certificate) charges.

₹250 for physical printout at the branch.

10

Information utility charges (Only for corporate cases).

₹300

11

Prepayment statement charges.

₹200 for physical printout at the Branch.

12

Amortisation Schedule charges.

₹200 for physical printout at the Branch.

13

Loan recovery charges (if applicable).

At actuals.

 

Penal Charges

1

Cheque or Auto Debit or Electronic Clearing Service bounce charges (Late payment fee).

₹500

2

Charges for late payment.

5% per annum will be charged on the overdue EMI (Equated Monthly Instalment) until repayment.

3

Non Maintenance of Mode of Payment charges (NMMP).

₹800

4

Charge for unpaid interest amount or overdrawn amount.

5% per annum will be charged on the unpaid interest amount or on the overdrawn amount.

 

 

Note

1. All the above charges are exclusive of Goods and Services Tax (GST). Applicable GST, other taxes and/or other statutory levies/charges shall be levied over and above the charges levied by the Bank.

 

2. The charges or penal charges will be levied at the sole discretion of the Bank.

 

Applicable for loans till 31 December 2025

 

3. In case of a part prepayment, the minimum amount must be equal to three EMI, and the maximum amount that the customer can repay is the total outstanding loan amount minus one EMI

 

4. Minimum one EMI/Pre-EMI payment before allowing part payment

 

5. Customer can do part-payment any number of times in a financial year

 

Applicable for loans From 01 January 2026

 

6. In case of a part prepayment, the minimum amount must be equal to one EMI, and the maximum amount that the customer can repay is the total outstanding loan amount minus one EMI

 

7. No requirement  of minimum EMI/Pre-EMI payment before allowing part payment 

 

8. Customer can do part-payment any number of times in a Financial Year

 

CALCULATE EMI   APPLY NOW

 

 

Grievance Redressal Mechanism

ICICI Bank follows a three-level grievance redressal mechanism that is available on the website of the Bank. For details, please visit our website www.icici.bank.in and navigate to Contact Us > Raise a Query or Complaint.

 

 

FAQs

What is the processing fee of ICICI Bank Personal Loan?

ICICI Bank charges up to 2% of the loan amount as a one-time, non-refundable processing fee. This fee is deducted at the time of loan disbursement. 

What are the pre-closure charges of ICICI Bank Personal Loan?

You can close your Personal Loan after paying the first EMI. The pre-closure processing fee is 3% of the outstanding principal amount, which must be paid along with the pending loan balance. However, ICICI Bank Personal Loan pre-closure charges are nil after paying 12 EMIs, subject to conditions.

Are there any exemptions to pre-closure charges?

Yes, once you have paid 24 EMIs, ICICI Bank does not charge pre-closure fees. However, this exemption might vary based on the customer category and valid documentation such as Udyam Registration.

What are the typical charges on a Personal Loan?

Personal Loan charges include loan processing charges, part-payment charges, prepayment or foreclosure charges and applicable service charges. Penal charges, such as late payment fees, bounce charges, and other service-related charges, may also apply. All charges are subject to applicable terms, conditions and statutory taxes.

How is the Personal Loan processing fee calculated?

The processing fee for a Personal Loan is calculated as a percentage of the approved loan amount. The applicable fee is charged at the time of loan processing and is non-refundable. GST and other statutory levies are also applied to the processing fee.

What is the Personal Loan processing fee for ICICI Bank?

The Personal Loan processing fee is up to 2% of the loan amount. It is charged up to a specified percentage of the loan amount, as mentioned in the service charges section. This fee is non-refundable and is payable during loan processing. Applicable taxes are charged in addition to the processing fee.

What is the stamp duty charge for a Personal Loan?

ICICI Bank does not levy stamp duty on ​​​​​Personal Loan. 

Are the foreclosure charges applicable to all financial lenders?

Foreclosure charges may not be uniform across all lenders. The applicability and amount of foreclosure charges depend on the terms and conditions defined in the loan agreement. Borrowers are advised to review the foreclosure or pre-closure conditions mentioned in their Personal Loan documents before proceeding.

Are there charges for Personal Loan Part-Payment? 

Prepayment charges on a Personal Loan may apply if a part payment is made during the initial period of the loan. A percentage-based charge is applicable during this phase. No prepayment charges apply once the defined seasoning period is completed, subject to applicable terms and conditions.

What are the pre-closure charges on a Personal Loan?

Personal Loan pre-closure charges are applicable when the loan is closed before completion of its tenure. With ICICI Bank, a percentage of the outstanding principal amount is charged as a pre-closure fee: 3% for loans with seasoning up to 24 months, and 0% for loans with seasoning exceeding 24 months. These charges are applicable for new loans disbursed after 1st Jan 2026, while loans disbursed before this date will continue with the existing charges mentioned in their loan terms. Pre-closure charges apply after payment of a defined number of EMIs, subject to conditions.

Disclaimer

PROCEED