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 |
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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 |
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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 9.50%p.a .The same is subject to change from time to time .
| b) Business Loans Backed by CGTMSE |
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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
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Cash Credit for meeting working capital finance requirement |
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Letter of Credit to facilitate trade. |
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Bank Guarantees for performance and financial obligations |
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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 |
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Eligible business segment:
Manufacturers
Pre- requisites*: |
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Audited financial statements of past two years . |
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Existing Track record of loans |
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Investment in Plant & Machinery to be less than Rs. 50 million |
*and such other pre-requisites as may be desired by the bank
| BENEFITS |
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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 |
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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 9.50%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."
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