ICICI Business Loan

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ICICI bank Business loan is one of the best ways to finance your business needs. To run a business, funds are the most important. Furthermore timely finance makes the most of business opportunities for SMEs. The new package of business loans from ICICI Bank keeps this in mind. The bank is a popular private sector bank in India. Loanbaba.com provides all the information about ICICI Bank Business Loans: ICICI bank EMI calculator, business loans interest rates in ICICI bank, ICICI business loan eligibility and more. You can apply business loan online at our website.

At our website, you can check ICICI Bank business loan eligibility and ICICI Bank EMI calculator for free. Stay updated on this page, Loanbaba.com provides all the information about ICICI Bank business loans:

ICICI Bank Business Loan Details Updated
Loan Amount Up to Rs. 40 lakhs
Loan Tenure 12 months to 60 months
Interest Rate 12.90% to 16.65%

Why Apply for ICICI Bank Business Loan?

Features of Business Loans at ICICI Bank

The following key points will help you understand the features and benefits of the business loans ICICI Bank:

Business Loan ICICI Bank Term Loan

Collateral Free Business Loan ICICI Bank

Past Dealings based Business Loans

Why Apply for Business Loan on Loanbaba?

At Loanbaba, you can compare and apply for business loans online. You can check out several loans for business and go through their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, on a single platform. The loan application process is simple and easy, as you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

ICICI Bank Business Loan Interest Rates

The ICICI Bank business loan interest rate is:

But the rate of interest varies as per individual profile. Keep a check on this page to note the updated ICICI Bank business loan interest rate for the current year.

ICICI Bank Business Loan Eligibility Calculator

Business loan eligibility may differ from one candidate to another. You can also use free-of-cost business loan ICICI Bank loan eligibility calculator at Loanbaba.com. The eligibility criteria for loan for business are discussed below:

Types of ICICI Bank Business Loans

ICICI Bank has business loan schemes for all kinds of professionals. The amount taken as loan can be used for either multiple or specific purposes.

Frequently Asked Questions about ICICI Business Loans

Here are the ICICI business loans FAQs.

1. How Does the ICICI Bank Functioning Capital Finance Work?

The details about Functioning capital finance by ICICI bank are as follows:

  • Daily requirement to be met by Overdraft facility Cash Credit.
  • Export requirements to be met by operating capital limits and exporters to enjoy Post and Pre Shipment finance through Export credit.
  • Functioning capital limits are arranged like non-fund structured facilities. Timely delivery of goods is ensured through buyers Credit and Credit of letters.
  • Financial Obligations and performances are met through Bank Guarantees.

2. Does ICICI Provide School and College Centred Business Loans?

The details of college and school business loan by ICICI are as follows:

  • Loan is available against account receivable.
  • Daily capital finance requirements are met by overdraft facilities.
  • Bank Guarantees are provided for meeting financial obligations and performances.
  • Term Loans (also short term) are available for expansion.

3. What are the features of Exporter and Importer Centred Business Loans by the ICICI Bank?

The details about exporter and importer centred business loan by ICICI are mentioned below:

  • Export credit available for Post and Pre-Shipment finance for exporters.
  • Facilitating trade earns letters of credit.
  • Loans available in foreign currency to reduce Forex risk and borrowing costs.
  • Foreign exchange risk is limited by using options and forwards.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of ICICI Bank.