Managing finance is unarguably the most important component of any business. For SMEs, timely finance is the key to making the most of business opportunities. Keeping this in mind, ICICI Bank have designed a package of loans to best suit their business. ICICI Bank decentralized operations ensure fast processing and quick availability of Business loans. ICICI Bank offer competitive interest rates, commission and charges. ICICI Bank’s 3,000+ branch network and Anywhere Banking facility ensure ease of operations, collections and payments.

For years Delhi has been known for its culture of entrepreneurship and business. With the expansion of the city and the rise of new commercial hubs in the NCR region like Gurgaon and Noida, the appetite for business has expanded manifold. LoanMoney understand that expanding and growing your business is extremely essential for you. Through LoanMoney, ICICI Banks Business Loans will help you to meet your working capital requirements.


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Type of Loan - Busines Loan

Max & Min Amt - 5 - 25 Lacs

ROI /PF/IMD - Rate:17 -19% / Fees: 2%
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  • Net Profit Plus Non cash Expenses Qualify as EMI payable per Month

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BENEFITS

1. Collateral free loan - No collateral is taken providing ease to customers.

2. Fast processing - De-centralised operations and simple documentation enabling fast

turnaround time.

3. Convenient Documentation - Convenient documentation process to offer ease and flexibility

4. Hassle -free loan - No third party guarantee required


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DOCUMENTATION

Financial Documents

-2 years audited financial statements along with Income Tax Returns of the entity and the promoters -Sanction letter of all existing bank loans

-Last 6 months bank statement of the entity -Declarations for investment in plant & machinery .

KYC documents


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  • ICICI, PNB, Union Bank cut Savings Rates

    Three more lenders 11 ICICI Bank, Union Bank of India and Punjab National Bank (PNB) 11 have brought down their interest rates on savings bank account, taking the total to 1.16 The cut in savings rate is likely to be a recursor to a cut in lending rates. ICICI Bank and PNB said that they have reduced interest rate on Read More

  • ICICI, Union Bank of India cut savings rate

    ICICI Bank the country17s largest rivate sector lender and, one of its ublic sector eer Union Bank of India reduced their savings bank rates by 5 basis oints on Friday, exanding the number of banks that have cut their savings rates in recent times.16 State Bank of India (SBI) started the trend on July 1 with a cut of 5 Read More

  • ICICI Bank Latest To Cut Savings Rate

    India9s largest rivate lender16ICICI Bank Ltd.,16on Friday cut interest rates ayable on savings deosits as it follows both ublic and rivate sector eers in aring costs, becoming the eleventh bank to do so. The Chanda Kocchar-led bank reduced the interest rate on savings deosits below Rs 5 lakh by 5 basis oints to .5 ercent er annum, according to its Read More

  • ICICI Bank to Raise Rs 10,000 crore via bonds

    I CICI Bank lans to raise u to Rs 1, crore via tier-1 bonds for its caital base and business growth. Rating agency16ICRA16has assigned an 16AA+ (hybrid)17 rating to the roosed offering of the rivate bank. It is described as a hybrid subordinated instrument, with equity-like loss-absortion features. The distributable reserves that can be used to service the couon in Read More


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About ICICI Bank:

ICICI Bank is India's largest private sector bank with total assets of Rs. 6,461.29 billion (US$ 103 billion) at March 31, 2015 and profit after tax Rs. 111.75 billion (US$ 1,788 million) for the year ended March 31, 2015. ICICI Bank currently has a network of 4,050 Branches and 13,082 ATM's across India.

ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI) , an Indian financial institution, as a wholly owned subsidiary in 1994. The parent company was formed in 1955 as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry.

The bank was initially known as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to the abbreviated ICICI Bank. The parent company was later merged with the bank.

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