
Smart Business Loan
Smart Business Loan (SBL) is an unsecured overdraft facility up to Rs. 25 lakh given to existing ICICI Bank customers.
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Key Features
- Collateral free working capital loan for an entity in the form of an Overdraft
- Overdraft limit provided from Rs. 2 lakh up to Rs. 25 lakhs
- Customer needs to pay minimum 5% of the utilised limit every month
- Interest charged only on the outstanding amount
Facility Offered
- Overdraft for meeting working capital finance requirement
Eligible entities
Sole Proprietorship Firms, Partnership Firms, Private limited Companies, Public limited Companies
Eligible business segment
Manufacturers, Service, Traders
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