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.
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.
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.
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.
Get a Personal Loan without any security or guarantor with minimum documentation. Loan Disbursement within 72 hours of document submission.
The eligibility criteria to avail Personal Loan from ICICI Bank Personal Loan
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.
If the applicant is a salaried individual then the following eligibility criteria will apply.
If the applicant is self-employed then the eligibility criteria for an ICICI Personal Loan will be as follows:
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
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.
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