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ICICI Bank Limited – Current Loan Against Securities Interest Rates



ICICI Bank Limited – Current Interest Rates for Loan Against Mortgage of Securities

New Delhi (Delhi, India), September 11, 2017

ICICI Bank Limited Cuts Loan Against Securities Interest Rate to 8.25% Per Annum

The ICICI Bank Limited has decreased its loan against securities interest rates by 0.10 percent, or 10 basis points with effect from Thursday, August 10, 2017.

ICICI Bank Limited has revised its minimum loan against securities interest rate from 8.35 percent to 8.25 percent per annum for the loan against mortgage of securities.

ICICI Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail loan against mortgage of their securities.

Securities Eligible for ICICI Bank Loan Against Securities

– Approved List of Demat Shares
– Approved List of Mutual Fund Units
– Fixed Maturity Plans (FMP)
– Exchange Traded Funds (ETF)
– Life Insurance Policies
– Savings Bonds
– Kisan Vikas Patra (KVP)
– National Savings Certificate (NSC)

ICICI Bank Limited – Current Loan Against Mortgage of Securities Interest Rates

ICICI Bank Loan Against Mortgage of Securities Interest Rate:
8.25% to 12.00% Per Annum (Interest levied on a daily reducing balance)

ICICI Bank Loan Against Mortgage of Equity Shares Interest Rate:
8.25% to 12.00% Per Annum

ICICI Bank Loan Against Mortgage of Securities Rate of Interest is Floating or Fixed:
Fixed Rate of Interest

Quantum of ICICI Bank Loan Against Mortgage of Securities:
Up to 70% of the Market Value of the Securities



ICICI Bank Loan Against Mortgage of Securities Minimum Borrowing Limit:
Minimum Loan Amount is Rs. 50,000

Minimum Loan Amount for the ICICI Bank Loan Against Securities:
– Demat Shares: Rs. 1,00,000
– Mutual Fund Units: Rs. 1,00,000
– Fixed Maturity Plans (FMP): Rs. 1,00,000
– Exchange Traded Funds (ETF): Rs. 1,00,000
– Life Insurance Policies: Rs. 50,000
– Savings Bonds: Rs. 50,000
– Kisan Vikas Patras: Rs. 50,000
– National Savings Certificates: Rs. 50,000

ICICI Bank Loan Against Mortgage of Securities Maximum Borrowing Limit:
Maximum Loan Amount is Rs. 5,00,00,000

Maximum Loan Amount for the ICICI Bank Loan Against Securities:
– Demat Shares: Rs. 20,00,000
– Mutual Fund Units: Rs. 20,00,000
– Fixed Maturity Plans (FMP): Rs. 20,00,000
– Exchange Traded Funds (ETF): Rs. 20,00,000
– Life Insurance Policies: Rs. 5,00,00,000
– Savings Bonds: Rs. 5,00,00,000
– Kisan Vikas Patras: Rs. 5,00,00,000
– National Savings Certificates: Rs. 5,00,00,000

ICICI Bank Loan Against Mortgage of Securities Processing Fee and Documentation Charges:
1.00% of the Loan Amount (Minimum Rs. 3,500 plus GST)

Maximum Tenure for the ICICI Bank Loan Against Mortgage of Securities:
Maximum Loan Tenure is 60 Months (This is reviewed and renewed annually)

Renewal Charge for the ICICI Bank Loan Against Mortgage of Securities:
Rs. 2,500 plus GST on renewal of loan at the end of each year

ICICI Bank Loan Against Mortgage of Securities Pre Closure Charges or Prepayment Penalty:
Nil Charges or Penalty

Minimum Age Limit for Getting the ICICI Bank Loan Against Mortgage of Securities Sanctioned:
Minimum Age 23 Years at the Time of Loan Commencement

Charges for ICICI Bank Loan Against Mortgage of Securities Ovedue:
Minimum 2% Per Month of the ICICI Bank Loan Against Mortgage of Securities Outstanding Amount

Security Requirement for the ICICI Bank Loan Against Mortgage of Securities:
Pledge of Adequate Value of Securities and Equity Shares in Dematerialised Form from the Approved Scrip List

Guarantor Requirement for the ICICI Bank Loan Against Mortgage of Securities:
No Guarantor is Required

ICICI Bank Limited – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of ICICI Bank Limited


1 comment

  1. Ashit Deb

    I want to avail a loan against KVP. What is the Rate of Interest for this?

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