ICICI Bank Business Loan – Find out everything you need to know about ICICI business loans, including eligibility criteria, interest rates, required documents and step-by-step application process. Security up to Rs. 20 crore with some conditions.
ICICI Bank Business Loan Eligibility Criteria Are you looking for specific information on ICICI business loans? You’ve come to the right place. This post covers everything from loan eligibility and interest rates to the types of business loans offered by ICICI Bank. Read on to find out how you can secure an ICICI business loan and support your business growth.
What is ICICI Bank Business Loan?
ICICI Bank Business Loan apply ICICI Business Loan is a financial product offered by ICICI Bank, which provides loans up to Rs. 20 crore with a tenure of up to 07 years. These loans are designed to meet different business needs including expansion, working capital and more.
Interest rate for ICICI business loan
Interest rates for ICICI business loans range from 10.75% to 17.00%. The exact rate depends on the type of loan and the borrower’s credit score.
Types of ICICI Business Loans
ICICI Bank Term Loan
ICICI Bank term loans are provided for business expansion, purchase of commercial property, and establishment or modernization of industrial units.
ICICI Bank Fixed Deposit Overdraft Facility for Corporates
This facility is available for companies, partnership firms, LLPs and HUFs through Corporate Internet Banking.
ICICI Bank GST Business Loan
Secured business loans based on their GST returns for entities like sole proprietorships, partnerships, and private and public limited companies.
ICICI Bank Insta Secured Overdraft Facility
Designed to meet the working capital needs of sole proprietors, partnership firms and private limited companies.
ICICI Bank Business Loan for Working Capital Finance
It provides facilities like export credit, bank guarantees and overdrafts to meet daily business needs.
ICICI Bank Business Loan for New Establishments
Available to new businesses at least 01 year old engaged in manufacturing, retail, wholesale, import/export and services.
ICICI Bank Financial Without Business Loan
Offered to businesses with a minimum vintage of 03 years and a current current account for at least 02 years.
ICICI Bank Insta Overdraft Plus Business Loan
Unsecured overdraft facility with paperless processing and instant approval for working capital and emergencies.
ICICI Bank Business Loans for Importers and Exporters
Provides facilities such as export credit and buyer’s credit to businesses engaged in manufacturing, trade or services.
Insta Overdraft ICICI Bank Business Loan for Savings Account
Currently, ICICI Bank offers overdraft facilities for working capital and emergencies to savings account customers.
Choose ICICI Bank Business Loan Overdraft Facility
Pre-approved, unsecured overdraft facility for existing customers to meet GST/tax payment obligations.
Credit Guarantee Fund Trust for Micro and Small Enterprises
An unsecured loan product designed under the CGTSME scheme for MSMEs to meet business expansion needs.
ICICI Bank Business Loan Merchant Overdraft Facility
Pre-approved overdraft facility for registered merchants.
ICICI Bank Export Finance
Available in both INR and foreign currencies to improve cash flow for business entities.
ICICI Bank Express Bank Guarantee
Offered against fixed deposit or collateral.
Business loans for new organizations
Available to new businesses engaged in manufacturing, retail, wholesale, import/export, and services.
Business loan without financial
Available to businesses with at least 03 years of vintage and a current current account for at least 02 years.
Business Loan Insta Overdraft Facility for Savings Account
Available to existing ICICI Bank savings account customers.
Choose a business loan overdraft
Available to existing ICICI Bank customers including sole proprietors, partnerships and limited liability companies.
Business Loan Merchant Overdraft Facility
Available to all merchants registered with ICICI Bank.
Documents required for ICICI business loan
- Application form
- KYC Documents
- Partnership Deed, Certificate of Incorporation, Shops and Establishment Certificate
- Copy of PAN card
- Proof of address
- Financial documents
- Income tax return
- Bank account statement
ICICI Business Loan Processing Fees
ICICI business loan processing fees are up to 2% of the loan amount.
How to apply for ICICI business loan
- Visit the nearest ICICI Bank branch: (Go to the Loan Department Officer.)
- Submit a loan application
- Document processing
- If approved, the loan amount will be disbursed.
Important links
| Official website | View |
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