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ICICI Bank Business Loan

Managing capital is unarguably the most essential part of any business. For SMEs, timely finance is the key to getting the most business opportunities. Keeping this in mind, ICICI Bank has designed a set of loans to the most convenient for their business. ICICI Bank offers Business Loan up to 40 lakhs at attractive interest rates to expand your business with loan tenure up to 36 months and the lowest loan EMI of Rs. 3,540 per lakh.


Managing a business is not easy. You have to constantly assess business ideas and means to keep it going and growing. As a part of the growth plan, you need funding for expanding operations or to acquire new equipment or inventory or simply grow the working capital. To help you with your financing requirements LoanMoney provides Business Loans that will help your business grow.

ICICI Bank Business Loan gives the loan to self-employed and professional for financing the business expansion or working capital requirements of their business like buying of machinery or plant, financing in infrastructure, hiring staff, maintain inventory. ICICI Bank offers tailor-made business loan to suit the requirements of all businesses. ICICI Bank provides lots of benefits to its existing customers on the business loan. With competitive interest rates and quick loan processing, ICICI business loan could be the most suitable choice to achieve success in your business.
Any person wanting to start a business or any professional requiring to grow their business need funds to do so. Use Business Loan EMI Calculator to calculate monthly EMIs on the basis of Loan Amount, Interest Rate & Tenure. Apply for Business Loans in Delhi-NCR online with LoanMoney to avail maximum loan amount with the lowest interest rates and quick approval.

  Salaried Self Employed Professional
Age NA 21 To 65 Years 21 To 65 Years
Loan Amount 5 To 40 Lakhs 5 To 40 Lakhs 5 To 40 Lakhs
Tenure  NA 1 To 5 Years 1 To 5 Years
Rate of Interest / APR [Annual Percentage Rate] 15.50% To 19% 15.50% To 19% 15.50% To 19%
Features Get Loan on GST Returns No Financial Require Get Loan on GST Returns No Financial Require Get Loan on GST Returns No Financial Require
Processing Fees Upto 2% Upto 2% Upto 2%
Special NA Overdue if Required Overdue if Required
Documentation NA KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents.
Eligibility

NA

The following people are eligible to apply for a Business Loan:

  • Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
  • The business should have a minimum turnover of Rs. 40 lakhs
  • Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
  • Those whose business has been profit making for the previous 2 years
  • The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
  • The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity

The following people are eligible to apply for a Business Loan:

  • Self-employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
  • The business should have a minimum turnover of Rs. 40 lakhs
  • Individuals who have been in the current business for a minimum of 3 years, with 5 years of total business experience.
  • Those whose business has been profit-making for the previous 2 years
  • The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
  • The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity
Particulars Salaried Self Employed Professional
Age(Min-Max) NA 21 To 65 Years 21 To 65 Years
Minimum Income NA Min. 2 Lakhs/ p.a ITR Min. 2 Lakhs/ p.a ITR
Co-applicant NA If Required If Required
Loan Tenure NA 1 To 5 Years 1 To 5 Years
Maximum Loan Amount NA Max. 40 Lakhs Max. 40 Lakhs
Employment/Business Continuity NA Min. 3 Years Min. 3 Years
CIBIL Score NA Min. 600 Min. 600

Application Form -

  • All fields should be duly filled in and acknowledgement is given to the customer    

Self-Attested copy of KYC Documents    
Entity proof –

  • Partnership deed/Certificate of Incorporation/Shops and Establishment certificate
  • Copy of PAN Card of Entity, Proprietors/Partners/Directors, Security providers and guarantors
  • Address Proof of Entity, Proprietors/Partners/Directors, Security providers and guarantors

Financials - 

  • 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). In the case of Provisional financials, VAT returns are also required.
  • Current year performance and projected turnover on the letterhead of the entity
  • Last 1-year Income Tax returns of the borrowing entity (along with Computation of Income and copy of acknowledgement), if filed online, acknowledgement number is required

Bank Statements (not more than 15 days old)    

  • Latest Bank Statements for the last 6 months (in case of First Time Borrower) and 12 months (in case of Takeover proposals). In the case of multiple banking, statements covering minimum of 75% of banking turnover is to be provided.

Fee Amount to be Paid
Rate of Interest 15.50% To 19%
Loan Processing Charges Upto 2%
Cheque Bounce Charges NA
Cheque/ Instrument Swap charges NA
Prepayment/ Foreclosure Charges NA
Default Interest Rate NA
Duplicate Statement Issuance Charges NA
Duplicate Amortization Schedule Charges NA
Duplicate Interest Certificate NA
S(Provisional/ Actual) issuance Charges NA

Features of Business Loan Product

  • Easy Apply & Instant Approval
  • Maximum Loan Amount up to 40 Lakhs
  • Attractive Rate of Interest
  • Low Processing Fees
  • Minimum Documentation
  • Overdraft facility available
  • Business Loan provides for professionals and self-employed.
  • You can foreclose your entire Business loan anytime after paying 6 EMI's at foreclosure charges - 5%

Advantages of Business Loan Product

  • Collateral-Free Loan
  • The loan comes at an attractive rate of interest
  • Flexible tenure period
  • Minimal documentation
  • Doorstep service
  • Easy and hassle-free application process

Benefit of ICICI Bank Business Loan

Get quick, convenient banking solutions, with minimal documentation, to finance short and long-term business needs. A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.

Advantages of Customers

  • Simplified Access & Minimal Documentation
  • Minimum Loan Amount 1 Lakh
  • Balance Transfer Available
  • Competitive pricing
  • No Foreclosure Charges
  • Coleteral-Free Loan
segmentation

Advantage with Loanmoney

Loanmoney is one of the leading Loan Agency inDelhi/NCR. We offers all types of Loans & Credit Cards like
Personal Loan,Credit cards, Home Loan, Business Loan and Loan Against Property .

Loan Money's main objective is to provide Best deal with Multiple option with Transparency & safety. We deal with over 35 Banks & NBFC`S. ,Our main focus is customer satisfaction that's why our customer rate us over 4.8 out of 5 on Google review rating, Its shows our level of commitment & services towards our customers.


  • Expert & Experience Loan Advisor
    We are a team of young and energetic professionals from diverse backgrounds like Ex Bankers, CAs to guide hassle free Loan process and to deliver on commitment.

  • Multi Bank Option
    Loanmoney deals with Over 35 Banks & NBFCs,As per customer profile & financial we will give you minimum 3 best deal for your Personal Loan which is available in the market.

  • Free Door step Service
    Loanmoney doesn't charge anything against the customer for the Service of your Loan and help you to get desire Loan amount with lowest Rate.

  • End to End services
    We are very vibrant and dynamic Loan agency who manage all the processes ourselves from lead sourcing to Loan Disbursal. We work for customer utmost satisfaction.

  • Transparency & Safety
    We will share every terms and conditions related with your Loan process like interest rates, payment tenure, EMI and any other charge applied during Loan process & at before loan disbursement on recorded lines.

  • Referral Program
    Loanmoney offer an attractive scheme for earn extra bucks after getting loan. Any Disburse customer can become our associates &can start earning on referring New customers to Loan Money.

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