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ICICI Bank Personal Loan for Starting a Business in Delhi NCR through LoanMoney

About ICICI Bank Personal Loan for Starting a Business

ICICI Bank Personal Loan understands your business dreams and growth aspirations. There are phases in a business cycle when you seek financial avenues to fuel the growth of your small or medium level enterprise. In a stiff competitive environment and an ever growing economy, you would not want to lose any business opportunity that comes your way.

 LoanMoney take care of a wide range of capital requirements, financial needs and other industrial expenses that are crucial to keep your business running. LoanMoney have the right expertise and a keen eye to understand your business requirements. So whether you aspire to expand your current business venture or require new machinery or equipment for your enterprise, LoanMoney customised business Loans from ICICI Bank aim to provide the right answer to your problems based on your needs.  

Features of ICICI Bank Personal Loan for Business Expense through LoanMoney 

Line of Credit:

Business Loan allows you to avail ‘line of credit’ facility, also known as 'flexi line'. Line of Credit is a unique credit facility given to our Loan applicants, wherein you are approved for certain limit of credit/ Loan, for a said duration. The monthly instalment for Line of Credit will consist only of the interest amount and will not have a principal component on a monthly basis. The principal amount of Loan is to be repaid at the end of the tenure of the facility. Hence, it acts as a big saving arm to your cash flows.

Loans up to Rs.30 Lakh:

Whether your business has needs for short-term Loans, intermediate-term Loans or long-term Loans, LoanMoney offers business Loans up to Rs.30 lakh from ICICI Bank. You can use the Loan amount to invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.

No collaterals needed:

Business Loans taken from LoanMoney don’t require collateral, which means you won’t have to put your personal or business assets on the line to qualify for financing. And since you don’t need to pledge collateral, there is no requirement for appraisal of the value of your assets. As a result, funding will be much faster, require less paperwork and minimal documentation. 

Documents required for Business Loan through LoanMoney

  • PAN Card – For Company/Firm/Individual
  • A copy of any of the following documents as identity proof:
  • Aadhar Card
  • Passport
  • Voter's ID Card
  • PAN Card
  • Driving License
  • A copy of any of the following documents as address proof:
  • Aadhar Card
  • Passport
  • Voter's ID Card
  • Driving License
  • Bank statement of the previous 6 months
  • Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
  • Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate) 

Features and Benefits of ICICI Bank Personal Loan

Get a Personal Loan without any security or guarantor with minimum documentation. Loan Disbursement within 72 hours of document submission.

  • Interest rate remains unchanged throughout the Loan tenure
  • Simple documentation - It can be accessed with minimal paperwork and documentation and doesn’t take much time.
  • Quick processing
  • Direct credit of the Loan amount through Fund Transfer (FT) 

Eligibility and documentation required for ICICI Bank Personal Loan

The eligibility criteria to avail Personal Loan from ICICI Bank Personal Loan  

  • Salaried individuals
  • Self-employed professionals including businessman, doctors, chartered accountants, etc.

ICICI Personal Loan eligibility varies in case of salaried and self-employed individuals. Therefore, based upon your employment type, you can check your eligibility for ICICI Bank Personal Loans. 

Eligibility criteria for Salaried Individuals

If the applicant is a salaried individual then the following eligibility criteria will apply. 

  • The person applying for a Personal Loan from ICICI Bank must be of a minimum age of 23 years and a maximum age of 58 years.
  • The person must have a monthly income of Rs.17, 500 or more.
  • If the person resides in Delhi or Mumbai then they must have a minimum monthly income of Rs.25000 per month.
  • If the person is a resident of Bangalore, Chennai, Hyderabad, Kolkata or Pune then they must have a minimum monthly income of Rs. 20,000 per month.
  • The applicant must have a total of 2 or more years of work experience.
  • They should also have a minimum of 1 year of work experience with the current employer 

Eligibility Criteria for Self Employed Individuals and Working Professionals

If the applicant is self-employed then the eligibility criteria for an ICICI Personal Loan will be as follows: 

  • The minimum age for self-employed individuals is 28 years old and the maximum age is 65 years.
  • In case the applicant is a doctor then the minimum age is 25 years.
  • The minimum turnover of the business of the applicant must be, as per audited financial statements, Rs. 40 lakhs in case of non- professionals and Rs. 15 lakhs in case of professionals.
  • The minimum profit after tax should be Rs. 2 lakhs for self-employed individuals and proprietors while for non-professionals it has to be a minimum of Rs.1 lakh.
  • The person applying for the Loan has to have been in the current business for a minimum of 5 years. In the case of doctors, they need to have been in business for at least 3 years.
  • The applicant also needs to have had a relationship with ICICI Bank for a minimum of 1 year. This could be in the form of a savings or current account or even in the form of a Loan that is still being paid or was completed within the preceding 36 months. 

Documentation Required for ICICI Bank Personal Loan

List of documents for Salaried

  • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Latest 3 months Bank Statement (where salary/income is credited).
  • Salary slips for last 3 months.
  • 2 Passport Size photographs.
  • Proof of residence or office ownership.
  • Proof of continuity of business 

List of documents for Self-Employed

  • KYC Documents: Proof of Identity; Address proof; DOB proof.
  • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Income proof (audited financials for the last two years).
  • Latest 6 months Bank statement.
  • Office address proof. 

CICI Bank Personal Loan Interest Rates

Interest rates charged by ICICI Bank depend on factors like the borrower’s repayment capacity and purpose for funds and are some of the most competitive rates in India. 

ICICI Bank offers the option of repaying a Personal Loan through flexible EMIs, ensuring that repayment doesn’t become an additional financial burden. Read More 

Why choose LoanMoney for taking Business purpose Personal Loan from ICICI Bank

 Running a successful business is not an easy task. There are always ups and downs you will face, as a business owner. LoanMoney understand that meeting every financial need is not simple and sometimes you do need a helping hand. 

LoanMoney take special pride in being that institution that can facilitate you when you need help the most. 

  • Quick disbursement: Once all your documents are in proper position, your Business Loan from ICICI Bank can be disbursed within 3 business days.
  • Business Loan Interest Rates: LoanMoney ensures in applying the best market practices and adheres to the principle of giving its valuable customers the best business Loan interest rates.
  • Flexible EMI option: LoanMoney provides you the option and convenience of to customise your monthly Loan repayment instalment that is best suited for your company's cash flow.
  • Less Processing Time –LoanMoney guarantees that the processing time involved in getting Business Loan from ICICI Bank is very less.
  • Minimum Paperwork –LoanMoney ensures that getting a Business Loan from ICICI Bank does not require verification of any asset or any other kind of proofs and certificates that involve a lot of paperwork. 
  • Schemes and Offers –LoanMoney keeps you updated with special schemes and offers of ICICI Bank for professionals like Chartered Accountants, Doctors and Architects etc.
Loan Application


It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.


Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.


Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.


A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.
The Education Loan aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
Debt consolidation/ Financial Restructuring is a process to streamline one's financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements... read more

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