icici-bank-business-loans

ICICI Bank Business Loans

Get Details on EMI, Interest Rates, Eligibility, Documents & Processing Fees & Charges and Apply online for small business loans

For a small or medium business, timely finance is the key to making the most of business opportunities. At ICICI Bank we understand. We have a host of innovative loan and overdraft products that can make all the difference to your bottomline.

Features of Secured Loans:

Facilities offered :

Cash Credit / Overdraft for meeting working capital finance requirement.
Export Credit to provide Pre-Shipment & Post Shipment finance .
Letter of Credit to facilitate trade.
Bank Guarantees for meeting performance and financial obligations.
Term Loan for purchase of commercial assets & business expansion needs.

Lending Exposure:

Upto Rs 50.0 million for working capital and capital expenditure needs

Acceptable collaterals:

Residential/Commercial/Industrial property,liquid securities

Eligible entities:

Sole Proprietorship Firm,Partnership Firms,Private limited Companies,Public limited Companies

Pre-requisites :

Minimum one year business operation & audited financial.

Features of Business Loans Backed by CGTMSE:

Facilities offered :

Cash Credit for meeting working capital finance requirement
Letter of Credit to facilitate trade..
Bank Guarantees for performance and financial obligations
Term Loan for purchase of commercial assets & business expansion needs

Lending Exposure:

Upto Rs 10 million for meeting working capital and capital expenditure needs

Eligible entities:

Sole Proprietorship Firms,Partnership Firms,Private limited Companies,Public limited Companies

Pre-requisites :

Audited financial statements of past two years
Existing Track record of loans
Investment in Plant & Machinery to be less than Rs. 50 million

DOCUMENTATION

2 years audited financial statements along with Income Tax Returns of the entity and the promoters
Sanction letter of all existing bank loans
Last 6 months bank statement of the entity
Declarations for investment in plant & machinery
Identity proof and address proof of the promoters
Constitution documents and address proof of the entity

CHARGES APPLICABLE

Processing Fees –

Loan processing fees shall be charged based on loan amount sanctioned. Apart from the same CGTMSE charges guarantee fees of 1.50% of the sanction amount and annual service charges of 0.75% payable every year .

Interest –

Pricing shall be linked to ICICI bank’s base rate* for fund based facility-

Commission –

Shall be charged on pro rata basis based on the tenure and the amount of the non fund based facility being availed
*ICICI Bank Base rate at present is 9.50%p.a .The same is subject to change from time to time .