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ICICI Bank

Business Loans

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Loan Up To

Rs.1500000
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Min ROI

16.00%
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Max Tenure

84 MONTH
Apply Now · Terms & Conditions Apply

Features And Benefits

  • No collateral or guarantor required
  • Loan for professionals and businessman
  • You can foreclose your entire Business loan anytime after paying 6 EMl's at foreclosure charges - 5%
  • ICICI Bank has over 2,660 branches in India where you can avail service
  • Fast loan processing documentation is needed and gets processed faster.

Eligibility Criteria

  • Age: Minimum at least 25 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
  • Loan Amount: Apply for a loan amount that you can comfortably service. Bank gives you loans ranging from & 1 Lakh to ? 40 Lakh.
  • Business Stability: The Bank requires a minimum business track record of 36 months. The bank will also look for minimum growth in sales for the last three years.
  • CIBIL Score: The Bank requires a score of 750 and above to get loan approval. The bank will check your repayment history for all current and past loans and credit cards.
  • ITR and Banking: Your ITR details for a minimum of 24 months and bank statement for a minimum of 6 months will be required by the Bank.

Documents Required

  • Proptership firm
  • Shop Act license
  • GST certificate
  • Pan card
  • Aadhar card
  • Ownership proof (Electricity bill / Index 2)
  • Latest 2 years CA certified ITR
  • Last 1 year current account statement ( + Jan 2020 to March 2020 Statement)
  • GST returns- 3B ( from Feb 2020 to latest available filing)
  • 2 Passport Size photograph
  • OD/CC/ Live Loan Sanction letters
  • Partnership firm
  • Company pan card
  • GST certificate
  • Pan card (All partner)
  • Aadhar card (All partner)
  • Ownership proof (Electricity bill/ Index 2)
  • Latest 2 years CA certified ITR
  • 1 year current account bank statement( + Jan 20 to March 20 Statement)
  • 2 photographs
  • List of partner and shareholding percentage on company letter head
  • BO on company letter head
  • GST returns - 3B (from April 20 to lasted filing date)
  • OD/CC/ Live Loan Sanction letters
  • Private Limited
  • Company pan card
  • MOA, AOI, COI
  • Gst certificate
  • Pan card (All Director)
  • Aadhar card (All Director)
  • Ownership proof (Electricity bill/ Index 2)
  • Latest 2 year CA certified ITR )
  • 1 year current account bank statement (+ Jan 20 to March 20 Statement)
  • 2 photographs
  • List of partner and shareholding percentage on company letter head
  • BO on company letter head
  • GST Returns 3B( from April 20 to latest available filing )
  • OD/CC/ Live Loan Sanction letters