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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 23/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 23/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :23/01/2020

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Updated: 10-01-2020 12:45:08 PM

ICICI Bank is a leading private sector bank in India. It caters to individuals as well as businesses and offers business loan interest rate from 16% onwards per annum. To provide financial assistance to corporates and Small and Medium Enterprises (SME), ICICI Bank offers a wide range of business loans, which are mainly categorized into three parts:

Business FinancingCustomized MSME SolutionsIndustry Specific Loans
  • Working Capital Finance
  • Term Loans
  • GST Business Loan
  • InstaOD
  • Loans for New Entities
  • Collateral-Free Loans
  • Loans without Financials
  • Finance for Importers and Exporters
  • Loans for Schools and Colleges
  • Secured Loan for Merchant Establishment against credit card swipes
  • Educational Institutions
  • Pharmaceuticals
  • Construction
  • Information Technology
ICICI Bank Business Financing
ICICI Bank Business Loan - Customized Solutions
ICICI Bank Industry Specific Business Loans
ICICI Bank Business Loan: Interest Rate, Fees & Charges
ICICI Bank Business Loan Eligibility Calculator
ICICI Bank Business Loan Documents Required
ICICI Bank Business Loan Customer Care

ICICI Bank Business Financing

This category mainly focuses on medium-sized corporates that need small, medium as well as high-ticket financing. Term loans are offered to cover bigger expenses like expansion or starting a new product/service line whereas working capital finance can be taken for day-to-day expenses. Let us talk about these loans in some detail.

  1. Working Capital FinanceThis type of ICICI Bank Business Loan is particularly designed to meet the working capital needs of the business. ICICI Bank offers such loans at competitive rates of interest and the decentralized operations of the bank ensure faster processing of loan applications.  Nature of loan can be of the following types:
    • Cash credit limit or overdraft facility
    • Export credit to meet pre-shipment and post-shipment expenses.
    • Letter of Credit and Buyer Credit to ensure timely delivery of goods.
    • Bank Guarantees to help businesses meet financial obligations with ease.

    Companies engaged in manufacturing, trading or services business are eligible for these loans including sole proprietorship, partnership, private limited company and public limited company. Moreover, ICICI Bank accepts multiple collateral options from fixed assets to liquid securities.

    Applicants can download the form, fill it and submit it at the nearest ICICI Bank branch along with relevant documents.

  2. Term Loans
    Businesses can avail term loans from ICICI Bank to purchase commercial assets or to expand their business. Given below are some features of this loan:

    • Borrowers can take benefit of flexible repayment tenure.
    • The assessment of loan amount is done on the basis of future cash flows of the business.
    • A combination of working capital finance and term loan can also be taken to meet all financial needs of the business.
    • The loan tenure can be up to 7 years.
    • No collateral is needed for loans up to ₹ 1 Crore under the CGTSME scheme.

    Click here to download application form and submit a duly filled form at the nearest ICICI Bank branch.

  3. GST Business Loan
    This type of ICICI Business Loan is beneficial to provide for the working capital needs of a business. Following are a few key features of this loan:

    • There is no need to provide financial documents; loan amount is assessed on the basis of GST Returns.
    • Loan is offered in the form of overdraft.
    • Self-occupied/commercial /industrial property or high-liquidity securities can be put as collateral.
    • Maximum overdraft amount of ₹ 10 Million can be availed.

    You can directly download the application form from ICICI Bank website and submit it at the nearest branch along with valid documents.

  4. InstaOD
    This facility can be availed to meet the working capital needs of the business. You must have a corporate banking relationship with the bank or need to open a current account in order to avail this service. A few features of this loan are-

    • Online loan processing makes the procedure easy and quick.
    • There is no collateral requirement.
    • Overdraft up to ₹ 15 Lakh can be availed.
    • Minimal documentation is required.
    • Borrowers do not need to pay any foreclosure/prepayment charges.

    Existing account holders can login to ICICI Net Banking Portal and check eligibility online and avail the loan. Alternately, you can open a current account with the bank in order to avail the service. However, the final decision about overdraft approval lies with the bank. For more details, call 022-42097572.

ICICI Bank Business Loan - Customized Solutions

ICICI Bank offers tailor-made financing solutions for SMEs to grow their business or to start one. Hassle-free application process and varied loan options make this a good option for small businesses. To apply for any of these loans, you can download a common application form from ICICI Bank website, fill the same and submit at the nearest ICICI Bank branch. Do not forget to enclose copies of relevant documents along with your application.

Let us learn about the types of ICICI Bank Business Loans for SMEs.

  1. Loans for New EntitiesThis ICICI Business Loan can be taken to fund the establishment of a new enterprise or to provide for the financial needs of a newly established entity. Key aspects of this loan include-
    • Manufacturing, Retail, Wholesale, Trading (Import/ Export) and service industries are eligible for this loan.
    • Cash Credit/ Overdraft/ Export Credit and non-fund based facilities can be availed by businesses that are 1 year or older.
    • Term loans are also offered for the purchase of commercial assets or to fund a business expansion plan.
  2. Collateral-Free Loans
    ICICI Bank realized that small business need funds to expand but they do not have enough assets to pledge as collateral with banks. Hence, they have launched these collateral-free loans under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

    • Avail unsecured overdraft facility of up to ₹ 25 Lakh under the Small Business Loan Scheme by ICICI Bank.
    • This facility can be availed by existing ICICI Bank Customers only.
    • Borrowers need to pay minimum 5% of the utilized limit every month.
    • Under CGTMSE, cash credit and term loans of up to ₹ 1 Crore can be availed.
    • Sole Proprietorship Firms, Partnership Firms, Private limited Companies, Public limited Companies can apply for the loan.
    • MSE and Retail Traders are eligible for the CGTMSE Scheme.
  3. Loans without Financials
    This is an innovative product offering by ICICI Bank for Micro, Small and Medium Enterprises (MSME). Convenient documentation process and fast processing make this loan a good choice for MSMEs.

    • There is no requirement of audited financials.
    • Loans are granted on the basis of past transaction history.
    • Loans up to ₹ 50 Lakh can be availed.
    • Business should be at least 3 years old.
  4. Finance for Importers and Exporters
    This is a financing solution for Importers and Exporters. They can avail export credit for Pre-Shipment and Post-Shipment finance. For facilitating trade, letter of credit can also be secured from ICICI Bank. To reduce risk related to foreign exchange, the bank also offers loans in foreign currency.
  5. Loans for Schools and Colleges
    ICICI Bank Business Loan is also offered to schools and colleges to help them meet different types of financial needs. Usually, loans are offered to such entities against fee receivables. Overdraft facility, bank guarantee and term loans can also be availed for meeting different financial obligations or any expansion needs.
  6. Secured Loan for Merchant Establishment against credit card swipes
    ICICI Bank offers this unique business loan to merchant establishments on credit card swipes at the counters. Merchant establishments that are 6 months or older can avail this facility. Overdraft facility and drop-line overdraft can be taken for periods of 12 months and 36 months respectively. Businesses that are 3 years or older can avail term loans up to ₹ 2 Crore under the scheme; new entities can get a maximum term loan of ₹ 50 Lakhs.

ICICI Bank Industry Specific Business Loans

ICICI Bank understands that different industries have different financial needs and a different set of financial problems. To help businesses counter the same, they offer specifically designed industry-specific loans.

  • Loans for Educational Institutions

ICICI Bank gives business loans to educational institutions to help them grow and expand their horizon. Term loans are offered for the establishment of additional premises. Flexible repayment option and competitive pricing makes it a great financial solution for educational institutions. Loans can also be availed in foreign currency.

  • Loans for Pharmaceuticals

ICICI Bank provides financial assistance to pharmaceuticals in the form of working capital loan or cash credit. Cash credit is offered with a charge on current assets and it can be taken for a period of 12 months. Floating rate of interest is applicable on this loan and the borrowers have the flexibility of making a minimum payment every month. A unique offering called Working Capital Demand Loan is also promoted by ICICI Bank.

  • Loans for Construction Business

The construction industry in India is scaling new heights and to help them tackle all challenges, ICICI Bank offers tailor-made financial solutions. Loans can be availed in the form of cash credit and bank guarantee.

  • Loans for Information Technology (IT) Business

IT Businesses are rapidly growing in the country and ICICI Bank strives to provide financial help to them in the form of business loans. Working Capital Demand Loan in Foreign Currency is offered to companies that have considerable foreign currency inflows. Term Loans are also offered for expansion of the business.

ICICI Bank Business Loan: Interest Rate, Fees & Charges

Though the interest rates differ for the various business loans of ICICI Bank, the table given below shows a broad bifurcation.

ICICI Bank Business Loan Interest Rates
For Secured FacilitiesFor Facilities Backed by CGTMSEFor Unsecured Facilities (not covered under CGTMSE)
Up to I-MCLR-6M+4.75%Up to I-MCLR-6M + 4.0%Up to I-MCLR-6M + 8.50%

*The interest rate for each loan is determined based on the assessment of business, financials, loan amount and tenure.

Other Fees and Charges:

Processing FeesUp to 2% (plus applicable taxes) of the facility amount
Stamp Duty and other statutory chargesAs per applicable laws of the state
Commission on Letters of Credit and Bank GuaranteeUp to 2.5% p.a. commission shall be charged on pro-rata basis based on the tenure and the amount of non-fund based facility being availed
Commitment feesAverage Utilization <50% – 0.50% p.a. on the difference between the actual utilization and average quarterly utilization of 50%. – Charges will be levied on a quarterly basis. Applicable only for CC/OD facility
Foreclosure ChargesCharged up to 4% of the total limits set up in the system, in case the facilities are taken over by another bank during the tenure of the loan. These charges are applicable only in case of Balance Transfer (BT)

ICICI Bank Business Loan Eligibility Calculator

ICICI Bank provides a platform for prospective borrowers to come and check their eligibility for ICICI Bank Business Loan online. For checking your eligibility, you may need to enter the following information:

  • Number of years in business
  • Number of years for which audited financial can be furnished
  • Working capital Facility takeover needed
  • Existing working capital loan
  • Other existing loans
  • Total existing loans
  • Sales/turnover per year
  • Net Profit
  • Capital

After you enter the above details, the eligible limit will be shown on the screen. You can directly apply after this procedure.

ICICI Bank Business Loan Documents Required

Though documentation requirements vary for different business loan products from ICICI Bank, here is a list of some common documents that you may need to submit-

  • PAN Card of Primary Applicant or of the organization.
  • Duly filled application form with passport-size photograph of the primary applicant.
  • Identity Proof of the applicant– Voter ID, Passport, Driving License, Aadhaar Card, etc.
  • Address Proof –Driving License, Voter’s ID, Passport, Telephone Bill, Electricity Bill (Not older than 3 months), Sale Agreement / Bank Statement (not older than 3 months) Registered Lease Deed, etc.
  • Ownership proof of either residence or office.
  • Proof of Business Continuity–Bank Statement, ITR, Certificate of Incorporation, Shops & Establishment Certificate, Partnership Deed, Sales Tax Challans, etc.
  • Financial Documents of the Business such as Profit & Loss Statement and Balance Sheet (duly audited by a registered Chartered Accountant), book-debt and creditors-statement for latest three months, Periodic Stock, etc.

ICICI Bank Business Loan Customer Care

You can call ICICI Bank Business Loan Customer Care department if you need any additional information about their products. If you are already a corporate/business banking customer of ICICI Bank, you can give them a call and raise any complaint or query.

The table given below shows ICICI Bank Business Loan Customer Care number for some popular locations-

Andhra Pradesh: 7306446699Ahmedabad: 07933446699Orissa: 9778446699
Assam: 8822446699Bangalore: 08033446699 / 08044456000Punjab: 9023446699
Bihar: 8102446699Bhopal: 07553344669 / 07554445600Rajasthan: 9529446699
Chattisgarh: 7879446699Bhubaneswar: 06743344669TamilNadu: 8695446699
Goa: 7304446699Chandigarh: 01723344669 / 01724445600Telangana: 7306446699
Gujarat: 8690446699Chennai: 04433446699 / 04444456000Uttar Pradesh: 8303446699
Haryana: 9541446699Dehradun: 01353344669Uttarakhand: 8303446699
Himachal Pradesh: 9625446699Delhi: 01133446699 / 01144456000West Bengal: 9641446699
Jammu & Kashmir: 9018446699Ernakulam: 04843344669Mumbai: 02233446699 / 02244456000
Jharkhand: 8102446699Gurgaon: 01243344669 / 01244445600Panaji: 08323344669
Karnataka: 9019446699Hyderabad: 04033446699 / 04044456000Patna: 06123344669
Kerala: 8590446699Jaipur: 01413344669 / 01414445600Raipur: 07713344669 / 07714445600
Madhya Pradesh: 7879446699Kolkata: 03333446699 / 03344456000Ranchi: 06513344669
Maharashtra: 7304446699Lucknow: 05223344669Shimla: 01773344669

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