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Business Loans |
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 exisitng Repayment Track Recod 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
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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