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Secured Loans

Our business banking loan segment offers you a host of innovative products and flexible services which are customised to meet your evolving financial needs through our wide branch network.


FEATURES

Facilities offered:

  • Cash Credit / Overdraft for meeting working capital finance requirement.
  • Export Credit to provide Pre-Shipment and Post Shipment finance.
  • Letter of Credit to facilitate trade.
  • Bank Guarantees for meeting performance and financial obligations.
  • Term Loan for purchase of commercial assets and business expansion needs.

Lending Exposure:

Up to Rs 50 million for working capital and capital expenditure needs.

Acceptable collaterals:

Residential/Commercial/Industrial property, liquid securities

Eligible entities:

Sole Proprietorship Firm, Partnership Firms, Private limited Companies, Public limited Companies

Pre-requisites:

Minimum one year business operation and audited financial.

*and such other pre-requisites as may be desired by the bank


BENEFITS

Low collateral requirement:

Lending available up to 3 times of the value of the collateral.

Fast processing:

De-centralised operations for fast processing and quick availability of loans.

Convenient Documentation:

Convenient documentation process to offer ease and flexibility.

Attractive Pricing:

Low interest rates and commission charges.

Priority sector clients:

Attractive pricing offered for customers under priority sector lending.

Fast and Easy renewals:

Hassle-free renewals with less documentation.

Dedicated and exclusive relationship managers:

Dedicated relationship managers to provide complete financial solutions.

Easy Accessibility:

Leverage on our anywhere banking services through 2,500 plus branch network.


CHARGES APPLICABLE

Processing Fees:

Loan processing fees shall be charged based on loan sanctioned amount.

Interest:

Pricing shall be linked to ICICI Bank's Base rate* for fund based facility.

Commission:

Shall be charged on pro rata basis based on the tenure and the amount of non-fund based facility being availed

*ICICI Bank Base rate at present is 9.50% p.a. The same is subject to change from time to time.

Our business banking loan segment offers you a host of innovative products and flexible services, which are customised to meet your evolving financial needs through our wide branch network.

Application Form      Default Interest Rate

Terms and Conditions Apply.

Credit at the sole discretion of ICICI Bank Ltd."


"The use of this information is subject to the terms and conditions governing ICICI Bank's products/ services as specified by ICICI Bank at www.icicibank.com. All loans and associated benefits / features / rate of interest / eligibility/ acceptability of collateral / pricing / pre-requisites are offered at the sole discretion of ICICI Bank and may be subject to changes/ modification from time to time. All benefits / features / rate of interest / eligibility/ acceptability of collateral / pricing / pre-requisites and such other details are indicative and not exhaustive. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products or services of either ICICI Bank or any third party. ICICI Bank does not accept any responsibility for any not-errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out herein. The images depicted herein are for indication purpose only and ICICI Bank makes no representation about the quality, contents or otherwise of any third party product/ service/ offer. "ICICI Bank" and "I-man" logos are trademark and property of ICICI Bank Ltd. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited."