ICICI Bank Business Loan
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 interes rates in ICICI bank, ICICI business loan eligibility and more. You can apply business loan online at our website.
Business Loan ICICI Bank Term Loan
It is profitable for everyone and the Bank will look after your needs regarding daily operating expenses.
It finances a wide range of activities- Manufacturing, Trading, Wholesale, and Service Industries.
The bank provides cash credit export credit, overdraft of a minimum period of 1 year for traders, manufacturers, service providers.
Maximum period is 7 years.
Collateral Free Business Loan ICICI Bank
SBL- Signature loan facility up to Rupees 25 Lakh is provided to existing Bank customers of India.
CGTMSE- Term loans and Cash credits are available under this scheme till Rupees 1 Crore.
Functioning Capital Finance
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.
Past Dealings based Business Loans
Up to Rupees 50 Lakh loan available, based on past performances, through non-fund centred facilities and overdraft.
Audited financials are not required.
3 years of minimum time period.
Exporter and Importer Centred Business Loans
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.
School and College Centred Business Loans
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.