Icici bank business loan eligibility and documents

ELIGIBILITY CONDITION FOR BUSINESS LOAN IN ICICI BANK 

What are the Benefits of Getting Business Loan in ICICI Bank?

1. First Time Loan Will be  Given Upto 40 Lakhs
2. Different Loan Amounts and Interest Rates Based on Type of Business  Such as Doctors,Architects,Pofessionals
3. There will be Maximum Tenture Upto 60 Months
4. Loan Can be Paid By Means of Auto Debit,ECS & PDC
5. No Collateral or Security

Types of Business Loans

There are Different Loans Provided for Different Business They are

• Loans For Small and Medium Enterprises Segmant
• Collateral Free Loan - Loans Provides Without any Security Documents
• Pre-qualified Loans Micro Enterprises Credit (MEC)
• Loan For Establishment of Merchant Activities

Loans For Small and Medium Enterprises

 This type of Loan is  Provided For Small and Medium Enterprises, for the Following reasons

1. For the purpose of Capital Finance Requirement
2. Need For Purchasing asset for Business Expansion
3. Export Credit for Pre-Shipment & Post Shipment Finance
4. Guarentee For Meeting Financial Obligations by Your Company

* Bank Will Need Security For Your Loan Based On Money You Need.

*Eligible Firms are Sole Proprietorship Firms, Partnership Firms, Private limited Companies, Public limited Companies