ICICI BANK Business Loans - Apply Now
ICICI Bank business loans are collateral free which means that you don’t have to provide a guarantor or security for your loan amount. They provide these for businesses which have a minimum required criteria for revenues for revenue and profitability. They offer this facility for small and medium scale businesses along with a CGTSME scheme.
Business loans are secured or unsecured in nature depending on your requirement. Unsecured loans are given for smaller amounts and meant for operational purposes with a shorter tenure compared to secured loans. ICICI bank is the second largest private sector bank in India with operations encompassing the entire country. They have been operating since 1994 with various branches across multiple cities.
To be eligible for an ICICI bank business loan you need to qualify on certain criteria which include business vintage, revenue and profitability among others. You also need to provide documents which include your ITR statements, balance sheet and other requisite documents. ICICI bank business loans are meant for short term needs of a business so be sure of your need before availing them. Long term capital investments are not a prudent way for investing money from a business loan. ICICI bank also provides special offers for business loans taken by doctors who wish to establish single practice.
Other avenues for getting credit apart from ICICI business loans is to approach private financers who also lend funds on a shot-term basis for established and cash-generating businesses. They have a different set of criteria compared to banks and a source for quick loans with fast approval.
To know more about ICICI business loans and avail them, fill in our intuitive form with your details and we will get back to you in no time.
Apply for ICICI BANK Business Loan