This Blog is based on ICICI Bank – Business Loans Schemes. ICICI Banks is Best Loan Bank in India. It provides different types of Loan Services. if you have any queries related to business loans, then comment on the comment box.
Business Loan – ICICI Bank Basic Details
|ICICI BANK Business– Loan Interest Rate – 16.50% p.a. onwards
|ICICI BANK Business – Loan Amount – 10 Lakh to Rs.2 Crores
|ICICI BANK Business – Processing Fee – Up to 2% (plus applicable taxes) of the loan amount
|ICICI BANK Business – Loan Tenure – Up to 7 years
Check Loan Offer Detail: Instant Personal Loan IndiaLends
About ICICI Bank Business Loan
Table of Contents
ICICI Bank’s business loan interest rates vary from 16.50% depending on the applicant’s profile, business stability, revenue, good work experience, and the recipient’s credit score. The application process for ICICI Business Loans is simple, instant, and online.
How much Business Loan can I get from ICICI Bank?
To help small businesses and Startups, ICICI Bank offers Business loans of 10 Lakh to 2 Crores for startups, Small Business and also MSME businesses.
How much time does it take for the business loan approval in ICICI Bank?
Depending on the Lender and Branch Office, it takes 2 to 3 working days to approve an ICICI Business Loan.
ICICI Bank – Eligibility Criteria for Business Loan
Basically, Most of the Criteria is the same as other Bank Business Loan. Kindly visit ICICI Bank Business Loan Eligibility Calculator.
ICICI Bank – Interest rate for Business Loan
The Interest rate of ICICI Bank Business Loan is 16.50% per annum.
ICICI Bank – documents required for Business Loan
These are the following Document that you have to submit along with the application:
- PAN Card – For Company/Firm/Individual
- Self-attested copy of KYC Documents (Aadhaar Card/Passport/Voter’s ID Card/Driving License)
- Address Proof of Entity, Proprietors/Partners/Security providers, and guarantors
- Bank statement of the Last 6 months
- Last 1-year Income Tax returns of the borrowing entity (along with Computation of Income and copy of acknowledgment)
- Last 3 years Audited/Provisional Financials (Audited financials to include Balance Sheet, Profit and Loss Account along with Schedules and Notes to Accounts, Tax audit reports, Statutory Audit report).
- Current year performance details and projected Turnover
Who can take Business Loan from ICICI Bank?
Every Indian holder of ICICI Bank can take a business loan from ICICI Bank if they are eligible for this loan. Kindly visit the Branch office to get more detail about these criteria. Best Loan Offer Detail SBI Bank Personal loan
How to get a Business loan from ICICI Bank?
Step 1: First check your eligibility criteria before applying to ICICI Bank for a business loan, you can use the Eligibility Calculator.
Step 2: Once you are eligible for business, you can apply online or offline (Recommended).
Step 3: Once you submit the online application form or offline application, a representative of ICICI Bank will contact you. Once it is approved, the amount will be credited to your bank account.
How to apply for a Business loan – ICICI Bank?
There are 2 ways to apply for an ICICI Bank Business Loan.
- Online: You can apply for this loan from ICICI Bank online by visiting their official website. You must fill out the application form and provide all the required details like your name, email id, mobile number, etc.
- Offline: You can apply for a business loan offline by visiting the nearest ICICI Bank branch with all the documents, where a bank representative will assist you in the application process.
ICICI Bank – Business loan: Feature and Benefit
- ICICI Bank comes with multiple collateral options, fast processing fees, and attractive interest rates to ensure the best money options for the business.
- Easy loan application process with minimum documentation
- ICICI Bank business and overdraft facility or term loan can be taken as per your requirement.
- Some types of loans can also be applied online.
- Business loans are available without any financial or security deposit.
- Instant approval is available for certain types of on.
- Repayment period up to 7 years
Details About ICICI Bank Business loan Schemes
These are the Business Loan Scheme provided by ICICI Bank:
- Working Capital Loans
- Term Loans
- Insta-Secured Overdraft Facility
- Loans for New Entities
- Collateral Free Loans
- GST Business Loans
- Loans without Financials
- Finance for Exporters & Importers
- FD Overdraft
Business Loan Offer Scheme Details
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Reference of Content: ICICI Bank Offical Website