CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
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Get loan amount upto Rs. 2 Crores. Loan tenure starting from 12 months to 84 months. 2% processing fee. With varying plans and schemes, choose the best ICICI Bank Business Loan with CreditMantri that is best suited for your business. Apply now!
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Setting up a new business is hard work! There are a hundred different technicalities you need to look into. You would have worked quite hard to give shape to your business idea to flourish it into a full-fledged unit; but without the required financial support, the efforts may not be fruitful.
An ICICI Bank Business Loan is what will give you the necessary financial support to kick-start your business dream. ICICI Bank has numerous loan products to cater to the business sector. These loan products have proved to be the building block for many business establishments across the country. With their customizable business loan products, quick processing and a hassle-free loan application process, ICICI Bank Business Loans have been long sought after by various budding entrepreneurs to further their dream of entrepreneurship in this country.
Up to 2% (plus applicable taxes) of the facility amount
For secured facilities: Up to Repo Rate + 6.0 % (Non PSL) For facilities backed by CGTMSE: Up to Repo Rate + 7.10% *The interest rate for each loan is determined based on the assessment of business, financials, loan amount and tenure.
From 12 months to 7 years
Up to Rs. 2 crores
Stamp Duty and other statutory charges
As per applicable laws of the state
Commission on Letters of Credit and Bank Guarantee
Up to 2% p.a. commission shall be charged on pro-rata basis based on the tenure and the amount of non-fund based facility being availed
Commitment charges to be charged as per the terms and conditions mentioned in the sanction letter
Foreclosure charges to be charged as per the terms and condition mentioned in the sanction letter
ICICI Bank Business Loan Type
Working Capital Finance
Insta OD – an online lending platform which disburses instant loans to cater to your working capital requirements
Loans for New Entities
Collateral Free Loans
Annual Guarantee Fee % p.a.
Women Micro Enterprises and units in North East Region (including Sikkim)
Up to Rs.5 Lacs
Above Rs.5 Lacs
Loans without Financials
Finance for Importers and Exporters
GST Business Loan
FDOD – Overdraft Against Fixed Deposit
Insta-Secured Overdraft Facility
You can apply for ICICI Bank Business loans on their official website or at your nearest bank branch. They offer quick processing with minimal documentation ensuring faster disbursal of the funds to your account.
Duly filled and acknowledged by the customer
Self-attested copy of KYC Documents
Bank Statements (not more than 45 days old)
Latest Bank Statements for last 6 months (in case of First Time Borrower) and 12 months (in case of Takeover proposals). In case of multiple banking, statements covering minimum 75% of banking turnover is to be provided.
1. What are the collateral acceptable for ICICI Bank Business Loans?
ICICI Bank Business loans come with flexible collateral options. They accept Residential / Commercial / Industrial Property and Liquid securities as collateral.
2. Who is eligible to apply for ICICI Bank Business Loans?
The following entities can apply for an ICICI Bank Business Loan:
3. Who are the beneficiaries of ICICI Bank Business Loans?
ICICI Bank Business loans have been the most beneficial to manufacturers, service providers, retailers/wholesalers and traders engaged in imports / exports.
4. What are the factors affecting my interest rate?
ICICI Bank offers highly competitive interest rates on their Business Loans. The interest rate depends on factors like your business profile, past track record, financial records, loan amount required and tenure of loan.
5. How do I find out the loan amount I am eligible for?
ICICI Bank website has an Eligibility Calculator to help you with that. This Eligibility Calculator requires you to input some information like your Business age, the required loan amount, existing assets and liabilities and a few more details to calculate your eligibility amount.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.