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Bank Finance

Bank finance not to exceed 75% of total cost.

Security

Besides primary security, the loan may be secured by collateral security or guarantee from Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL), as defined under respective product guideline/policy.

Product Offering

  • Commercial Vehicle Loan: Loan for vehicles for starting Transport/Logistics business
  • Construction Equipment Loan: Loan for equipment for starting Construction/ Equipment rental business
  • Car Loan: Loan for vehicles for setting up Taxi/Car rental services
  • Business Installment Loan (BIL): Term loan for new business for buying plant and machinery, furnishing offices etc.
  • Loan Against Property: Term Loan against property for new business for buying plant and machinery, furnishing offices etc.
  • Business Loans Group (BLG) and Rural Business Credit (RBC): Overdraft facility/Cash Credit facility/Term Loan for new venture
  • Medical Equipment Loan: Loan for medical equipment for setting up new ventures (Loan amount between ₹ 10 to 25 lakh)
  • Office Equipment Loan: Loan for office equipment for setting up new ventures (Loan amount between ₹ 10 to 25 lakh)

For more details or to apply for Stand-Up India loan, please visit your nearest ICICI Bank branch.