Information on ICICI Bank Personal loans

This blog post put down few key facts on ICICI Bank personal loans.

1. Prepayment of the loan is possible after 180 days of availing the loan.
2. Foreclosure charges as applicable would be levied on the outstanding loan.
3. Foreclosure charges as applicable would be levied on the outstanding loan.
4. No other fees or commitment charges are levied.
5. Loan Processing Charges / Origination Charges - 2% or 3 % depending on the location of loan amount + Origination Charges of 1.5% of loan amount
6. Prepayment Charges - 5% on the principal outstanding
7. Charges for late payment - 2% per month
8. Interest rates for the personal loans in ICICI Bank - 14%

http://icicibank.com/Pfsuser/loans/personalloans/plhomepage.htm

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