Interest charges for Farmer Loans
| Product | Maximum | Minimum | Mean |
|---|---|---|---|
| Farmer Finance Retail | 14.75% | 8.6% | 12.32% |
Notes:
1.) The range of interest rate provided is with respect to individual loans disbursed between October 01, 2025 to December 31, 2025.
2.) Mean rate - Sum of rate of all loans/number of loan accounts.
3.) The rate of interest is dependent on credit assessment parameters of the bank.
4.) Data excludes lending done under the crop loan subvention schemes of the government.
Description of Charges |
Facility Type |
Charges / Fee Amount** |
Service Charges |
||
Processing Fees |
KCC, KCC-AH and fisheries, Nursery, KSOD |
up to 2% of sanction limit at the time of fresh disbursement and renewal |
up to 0.50% of the new sanction limit in case of limit enhancement to existing customers |
||
No Processing Fee for Interest Subvention Cases |
||
FDL, ATL, KSDLOD |
up to 2% of sanction limit at the time of disbursement |
|
KCC (review) |
up to 0.50% of the sanction limit in case of review of KCC account with enhancement and up to 0.25% in case of review without enhancement |
|
Stamp Duty and other statutory charges |
KCC, FDL, KCC-AH and fisheries, Nursery, KSOD, KSDLOD, ATL |
At actuals as per applicable laws of the State at the time of loan processing |
Legal Fees (All states except Madhya Pradesh) |
KCC, FDL, KCC-AH and fisheries, Nursery, KSOD, KSDLOD, ATL | KCC Limit above ₹3 Lac - ₹10Lac - ₹ 2,500 |
KCC Limit above ₹10 Lac - ₹ 3,500 |
||
Legal Fees (Madhya Pradesh) |
KCC Limit above ₹3 Lac - ₹10Lac - ₹ 3,100 |
|
KCC Limit above ₹10 Lac - ₹ 4,100 |
||
Legal fees for all residential and commercial properties |
₹ 2500 for each residential or commercial property obtained as security |
|
Valuation Fees |
KCC, FDL, KCC-AH and fisheries, Nursery, KSOD, KSDLOD, ATL |
₹ 2,500 per case for valuation of agricultural land |
₹ 2,500 per property for valuation of residential or commercial property |
||
Foreclosure / Pre-payment charges |
All variants |
“Nil” |
Penal Charges |
||
Penal Charges |
KCC, KCC-AH and fisheries, Nursery, KSOD, KSDLOD |
5% per annum on the overdue amount and/or overdrawn amount from due date till the date of actual payment |
ATL |
5% per annum will be charged on the overdue instalment |
|
FDL |
5% per annum will be charged on the unpaid interest and principal until repayment |
|
Penal Charge for dishonour of Cheque/AD/ECS/NACH per transaction |
KCC |
₹ 500 + applicable tax per instance of bounce/ interest late payment |
ATL |
||
*Glossary: KCC – Kisan Credit Card, KCC-AH – Kisan Credit Card – Animal Husbandry, FDL: Farm Development Loan, KSOD – Kisan Samridhi Overdraft, ATL – Agriculture Term Loan
Note:
- Processing Fee and other service charges shall not be applicable for total exposure at borrower level up to Rs. 3 Lakh
- Penal charges shall not be applicable if any of the limit sanctioned in KCC, KCC-AH and fisheries, Nursery, FDL, KSOD is up to Rs. 25,000.
**Charges which are in nature of fees are Exclusive of GST. GST and other government levies, as applicable, would be charged additionally.
Annual Percentage Rate:
The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and processing fee.
To calculate the same, please click here to download the APR calculator.
Grievance redressal mechanism:
ICICI Bank follows a three-level grievance redressal mechanism.
Call us on our toll-free number 1800 200 3344 between 9.00 a.m. to 06.00 p.m.
OR
Raise a complaint through the below link: https://nli.icicibank.com/NewRetailWeb/loadGrievanceFormOne.htm