Benefits of ICICI Bank Business Loan

No security/collateral required

Maximum tenure - 60 months*

Simple process and quick disbursement

Minimum documentation

Attractive interest rates

Convenient repayment options

Best after sales service and support

Who can be funded under Business Loan?

Proprietorship firm/ Self-employed nonprofessionals

Partnership firm/ LLP & Private Limited Company

Unlisted Public Limited Company

Self-employed professionals and doctors

On what basis Business Loan can be availed?

Eligible Under Self-Employed

Traders/Retailers

Manufacturers

Vendors

Wholesalers & Distributors

Doctors

Architects

Chartered Accountants

Company Secretary/ Cost and Work Accountant (CWA)



Pre closure or pre-payment of Business Loans

You can pre-close or pre-pay your Business Loan (BL) by paying the applicable pre-closure charges after payment of 12 Equated Monthly Instalment (EMI). Currently, the applicable pre-closure charge is 5% of the outstanding loan amount (plus applicable tax).
If you have an existing Home Loan or Auto Loan or current account in any bank*, then availing ICICI Bank Business Loan becomes easier. Click here to

POPULAR BUSINESS INSTALMENT LOAN FAQS

Can I get a Personal Loan for business purpose?
What is the minimum business vintage required under BIL?
What is the eligibility for ICICI Bank Business Instalment Loan?
What is a Business Instalment Loan?
Can my partner and I, as owners in our partnership firm, apply together for ICICI Bank Business Instalment Loan?
What is the maximum tenure under BIL?
What type of entity can be funded under BIL?

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