Product Variants

Product Variants

Our business banking loan segment offers you a host of innovative
products and flexible services which are customised to meet your
evolving financial needs through our wide branch network.



a) Secured Loans

FEATURES

Facilities offered :
Cash Credit / Overdraft for meeting working capital finance requirement.
Export Credit  to  provide  Pre-Shipment & Post Shipment finance .
Letter of Credit to facilitate trade.
Bank Guarantees for meeting performance and financial obligations.
Term Loan for purchase of commercial assets & business
expansion needs.

Lending Exposure:
Upto Rs 50.0 million for working capital and capital expenditure needs

Acceptable collaterals:
Residential/Commercial/Industrial property,liquid securities

Eligible entities:
Sole Proprietorship Firm,Partnership Firms,Private limited Companies,
Public limited Companies

Pre-requisites :
Minimum one year business operation & audited financial.
*and such other pre-requisites as may be desired by the bank

BENEFITS

Low collateral requirement-
Lending available upto 3 times of the value of the collateral

Fast processing -
De-centralised operations for fast processing and quick availability of
loans

Convenient Documentation -
Convenient documentation process to offer ease and flexibility

Attractive Pricing -
Low interest rates and commission charges

Priority sector clients -
Attractive pricing offered for customers under priority sector lending.

Fast and Easy renewals -
Hassle free renewals with less documentation

Dedicated and exclusive relationship managers -
Dedicated relationship managers to provide complete financial solutions

Easy Accessibility -
Leverage on our anywhere banking services through 2500 plus branch network

CHARGES APPLICABLE 

Processing Fees -
Loan processing fees shall be charged based on loan sanctioned amount

Interest -
Pricing shall be linked to ICICI Bank's Base rate* for fund based facility

Commission -
Shall be charged on pro rata basis based on the tenure and the amount of non-fund based facility being availed

*ICICI Bank Base rate at present is 10.0% p.a .The same is subject to change from time to time .

b) Business Loans Backed by CGTMSE

This is a facility specially designed under the Credit Guarantee Fund Trust for Micro and Small Enterprises
(CGTMSE) scheme of SIDBI and Ministry of Small and Medium Enterprises.

FEATURES
Facilities  offered
Cash Credit for meeting working capital finance requirement
Letter of Credit to facilitate trade.
Bank Guarantees for performance and financial obligations
Term Loan for purchase of commercial assets & business expansion needs

Lending Exposure:
Upto Rs 10 million for meeting working capital and capital expenditure needs

Eligible entities:
Sole Proprietorship Firms,Partnership Firms,Private limited Companies,Public limited Companies

Eligible business segment:
Manufacturers

Pre- requisites*:
Audited financial statements of past two years .
Existing Track record of loans
Investment in Plant & Machinery to be less than Rs. 50 million
*and such other pre-requisites as may be desired by the bank

BENEFITS

1. Collateral free loan -
No collateral is taken providing ease to customers.

2. Fast processing -
De-centralised operations and simple documentation enabling fast
turnaround time.

3. Convenient Documentation -
Convenient documentation process to offer ease and flexibility

4. Hassle -free loan -
No third party guarantee required

5. Attractive Pricing -
Low interest rates and commission charges .

6. Wide reach -
Loan can be availed at any of our 2500 plus branch network

7. Multiple banking possible -
Multiple banking facility can be availed by offering Pari passu charge on
current assets

DOCUMENTATION

Financial Documents

-2 years audited financial statements along with Income Tax Returns of the entity and the promoters

-Sanction letter of all existing bank loans

-Last 6 months bank statement of the entity

-Declarations for investment in plant & machinery .

KYC documents

-Identity proof and address proof of the promoters

-Constitution documents and address proof of the entity

CHARGES APPLICABLE 

Processing Fees -

Loan processing fees shall be charged based on loan amount sanctioned. Apart from the same CGTMSE charges guarantee fees of 1.50% of the sanction amount  and annual service charges of 0.75% payable every year .

Interest -

Pricing shall be linked to ICICI bank's base  rate* for fund based facility-

Commission -

Shall be charged on pro rata basis based on the tenure and the amount of the non fund based facility being availed 

*ICICI Bank Base rate at present is 10.0% p.a .The same is subject to change from time to time .

Please refer to the links below for further details on applicable service charges

Application Form      Default Interest Rate

Terms and Conditions Apply.

Credit at the sole discretion of ICICI Bank Ltd."


"The use of this information is subject to the terms and conditions governing ICICI Bank's products/ services as specified by ICICI Bank at www.icicibank.com. All loans and associated benefits / features / rate of interest / eligibility/ acceptability of collateral / pricing / pre-requisites are offered at the sole discretion of ICICI Bank and may be subject to changes/ modification from time to time. All benefits / features / rate of interest / eligibility/ acceptability of collateral / pricing / pre-requisites and such other details are indicative and not exhaustive. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products or services of either ICICI Bank or any third party. ICICI Bank does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out herein. The images depicted herein are for indication purpose only and ICICI Bank makes no representation about the quality, contents or otherwise of any third party product/ service/ offer. "ICICI Bank" and "I-man" logos are trademark and property of ICICI Bank Ltd. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited."