ICICI BANK BUSINESS LOAN
ICICI Bank offers many different types of loans to its customers. Out of which the courtyard is going to give you information about the business loan given by ICICI Bank.
With the business loan given from ICICI Bank, you can take your business forward. Business loan is given to you under different types of schemes. So in this post we are going to tell you about this business loan.
So in today’s post, we know what information we are going to give you regarding the business loan given from ICICI Bank.
ICICI Bank Business Loan Highlights
- The business loan that will be given to you from ICICI Bank will be given to you for the amount above 50 lakhs.
- On the business loan given to you from ICICI Bank, you get to see an interest rate of less than 16%.
- Business loan is given to you from ICICI Bank for about 4 years.
- You will not need any kind of collateral to take ICICI Bank Se Business Loan.
- In ICICI Bank, you will be charged a processing fee of minimum ₹ 2360 and maximum ₹ 88500.
So I have told you about some of the main highlights, now let’s talk about how much amount will be given to you on the round of ICICI Bank Se Business Loan.
ICICI Bank Business Loan Loan Amount
Friends, from ICICI Bank, you are not given a business loan to start a new business. If you want to do any business from here, then your business should be old for some time.
So you can get any minimum amount for ICICI Bank Se Business Loan. You can get a business loan of at least ₹ 2359 from here. And at most you can get a business loan of ₹ 7500000 from here.
You have come to know about how much business loan you can get from ICICI Bank. Now let us talk, what percentage of interest will be charged for the business loan given to you from ICICI Bank.
ICICI Bank Business Loan Interest Rate
To take ICICI Bank Se Business Loan, you will get to see different types of interest rate which will depend on how much amount of business loan you will take from here and for how long you take that amount. Your interest rate will depend on these two things.
Apart from these two things, your interest rate depends on how old your business is and what type of business you have. Let me tell you for your information, if you apply for ICICI Bank Se Business Loan, then you will get to see an interest rate of maximum 15% in ICICI Bank.
You will get to see what percentage of interest rate on ICICI Bank Se Business Loan, you have come to know, now let us talk about for how long you will be given ICICI Bank Se Business Loan.
ICICI Bank Business Loan Tenure Rate
If you apply for a business loan from ICICI Bank, then you are given this business loan from ICICI Bank for 1 year to 4 years. Under this, you get about 4 years to repay this loan. Which can prove to be very good for you if you get a business loan which gives you a loan for up to 4 years.
Now let us talk about how much processing fee will be charged on the business loan given to you from ICICI Bank.
Processing Fees On ICICI Bank Business Loan
If you take ICICI Bank Se Business Loan, then you will have to pay processing fee from ICICI Bank at the rate of 2.50%, then 6 to 20 will be charged to you when you take a business loan of at least ₹ 2359 from here and maximum If you take ₹ 88500 Business Loan from here, then you will get to see this processing fee.
ICICI Bank Business Loan Fees & Charges
- You will get to see different types of charges from ICICI Bank if you apply for ICICI Bank Se Business Loan.
- First of all, you get to see a check swiping charge in ICICI Bank which will be around ₹ 500.
- Then you will get to see a check bounce charge in ICICI Bank, which you will have to pay ₹ 550 as a check bounce.
- Next you have to do stamp duty in ICICI Bank, this stamp duty is levied differently according to different states.
- Apart from these, you also get to see processing fees and interest rates in ICICI Bank, whose information we have given you above.
- Now let us talk about how much eligibility will be imposed on you on the business loan that will be given to you from ICICI Bank.
Eligibility For ICICI Bank Business Loan
- First of all, you have to fulfill the age eligibility in ICICI Bank, according to which your minimum age should be 21 years and maximum age should be 65 years.
- Second, whatever business you have, the business should be about 3 years to 5 years old and you should have a lot of business experience.
- Whatever text you fill to the government in 1 year, it should be at least ₹ 150000.
- Whatever your business profit, your turnover for the whole year should be above about 40 lakhs.
- Apart from this, you must be a citizen of India.
You have to fulfill these few eligibility criteria if you want to take ICICI Bank Se Business Loan. Now let’s talk about which documents you will need if you want to get ICICI Bank Se Business Loan.
Documents Required For ICICI Bank Business Loan
- First of all, what will be given to you from ICICI Bank? The form has to be filled.
- You need some passport size photographs.
- Thirdly you have to tell your business plan to ICICI Bank.
- Fourth you will have to show your age proof, for which you can show your date of birth document or your class 10 certificate.
- You also need to show your bank statements which should be about 6 months old.
- You will also have to show the Income Tax paid by you to ICICI Bank which you have paid for 2 years with money from your business.
- In the end, you will have to tell the main address of your business and you will also have to tell whether your business is actually there or not, for this you will have to show some of your proofs.