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Business Loans >> Go Green |
Money, just when you need it
As a growing entrepreneur, we know how valuable time is for you. You are constantly thinking of growth and managing your business. At ICICI Bank, we think of the same when it comes to your business. Our Smart Business Loan is your easy access to money. Get up to Rs. 25 lacs as an Overdraft or a Business Installment Loan with no collaterals and faster turnaround time.
Just Flash your existing Repayment Track Record and apply for an Overdraft Facility or Business Loan.
Overdraft:
Easy Access Money
- Working capital as Overdraft facility
- Validity of 12 months
- Interest to be levied on the amount utilized*
- Enjoy the flexibility to pay a minimum amount every month*
- Interest Rate (IBAR + Cash Credit Premia - 2.7.5% )*
- Processing Fees of 2.5%
Business Installment Loan:
Seize growth opportunities
- Credit facility in the form of Term Loan / Business Installment Loan
- Payment in the form of equated monthly installments
- Repayment tenure of 12-36 months
- Plan and control your cash flows--
- Interest Rate (IBAR + Term Premia (0) + 3.5%)*
- Processing Fees of 2.5%
Advantages:
- Faster loan sanctions with minimum documentation*
- One stop solution with a bouquet of products
- Attractive rate of interest*
- Query resolution at local branches
Other benefits:
- Facility to deposit cash in the current account**
- Online repayment facility**
- Availability of local cheques
- Flexibility to open accounts at local branches
Eligibility:
- Income Tax Payee
- Good business track record
- Comfortable business vintage
Documents required:
- Latest sales tax/VAT/service tax return
- Latest income tax return
- Bank statement
- Certificate of registration
- Proof of ownership: Title Deed, Municipal Tax/Municipal Charge Bill / Receipt, Property Tax Paid Bill
- Residence Proof: Telephone Bill/Electricity Bill Driving License/Valid Passport
- Identity proof: Driving License, Passport, Pan card
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