Apply for ICICI Bank Business Loan

Flexible Repayment Tenure | Multi Bank Option | Low Processing Fee | Transparency & Safety

20

Years Of Experience

About ICICI Bank Business Loan

Get ICICI Bank Business Loan which is a secured loan. It is used for Business Expansion, New startups, Machinery and Equipment, Working Capital, and Managing Cash Flow.

As an authorized Direct Selling Agent, LoanMoney acts as a mediator between borrowers and ICICI Bank, helping businesses to meet their financial requirements. The loan facility offers minimal documentation requirements, attractive low-interest rates for an extended repayment tenure, a swift approval process, nominal processing fees, and various flexible repayment options. Obtain hassle-free financial support from India's leading bank by applying for ICICI Bank Business Loan through LoanMoney.

Features 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.

Easy Apply & Instant Approval
Attractive Rate of Interest, Low Processing Fees
Maximum Loan Amount up to 40 Lakhs
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%

Details of ICICI Bank Business Loan

Interest Rate
Eligibility Criteria
Documents Required
General Information

Interest Rate

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

ICICI Bank Business Loan Eligibility Criteria

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 Year	Min. 3 Year
CIBIL Score	NA	Min. 600	Min. 600

ICICI Bank Documents Required

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.

ICICI Bank General Information

	Salaried	Self Employed	Professional
Age	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

Quick Enquiry for ICICI Bank Personal Loan

Share your contact details and talk with our experts to get an instant decision on your loan.

Select Product

Name

Mobile Number

Select Location

Loan Amount Require

Company Name

Select Monthly Income

Yes, I Have Read the Privacy Policy & Agree To It.

Check Your Eligibility

How much do you need?

EMI Calculator

Check Your Cibil Score

Clients words

What our clients say

We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.

Job Varghese

Client

I am totally satisfied by loan money and the way it services its customers.... especially I thank and appreciate Ms. Somya as she is a great resource to the organization. She has been constantly assisting me from start till the end and has been a very prompt and sensible officer as she could offer the relevant deal for me.

Vishwajeet Nanaware

Client

LoanMoney is really good in providing loan services. Particularly Chanchal, my loan assistant has great skills to communicate with her clients and understand their needs. She processed my personal loan on time. The rate of interest offered was lower than the others. it was overall a good experience with 100% satisfaction.

Avlokit Kaushik

Client

This is my second time in have taken a loan from LoanMoney. Kavita has helped me a lot..very cooperative very helpful very fast. Thanku again.

FAQ of Business Loan

Who can apply for a Business Loan?
Business Loan is available for salaried/self-employed as well as Professionals, Employees of public/pvt Ltd companies. Every bank has individual minimum criteria for net monthly income Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.
How long will it take for my Business Loan to be processed?
Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.
What is the Cheapest Business Loan or Affordable Business Loan?
An Affordable or cheapest Business Loan is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, and you can get a quick Business Loan with minimum processing fees, No hidden charges. With our easy & minimal paperwork, and flexible EMI payment options will make it a hassle-free Business Loan.
What are Nil Foreclosure Charges in Business Loan?
The term Loan foreclosure means that when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Business Loan to try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save your money which you was going to pay to the bank.
What are the features of Loanmoney's Fastest Business Loan?
The features of Loanmoney's Fastest Business Loan are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose and Fast, Cheap & Reliable.
Do I need to provide any security or collateral to obtain Business Loan from Bank?
No, you don’t have to provide any security, collateral or guarantee to obtain Business Loan from Bank.