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Adani Power settles a tad above
Adani Power settled at Rs 100.05 on BSE, at almost the same level as the initial public offer
Term Loans
Get easy, collateral-free loans to boost your business plans.
Boost your business quickly and stay ahead of the competition with our specially designed business loans to upgrade or expand your company.
If you’re looking to fund your business, you need the necessary capital to move forward. Build your infrastructure, upgrade inventory, enhance working capital, purchase equipment, expand operations or boost any area of your business with ICICI Bank’s business loan solutions from ICICI Direct.
Upon eligibility, you can avail of various products under business installment loans [BIL] to repay in equal installments at fixed intervals. You can also benefit from flexible repayment options such as pre-closure or prepayment on the BIL after 12 EMIs by paying the applicable pre-closure charges.
Planning an expansion or asset purchase? ICICI Bank offers Term Loans for long term capital investments in businesses.
With a business plan in mind or an opportunity at hand, all you need is timely finance. And for that, we offer a package of loans that suit your business requirements.
You can also avail loans of up to Rs 2 crore based on your GST returns.
This is available based on a customer's past transaction history.
Cash and credit loans of up to Rs 2 crore are available via a government backed Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
Businesses that have been in operation for a year or more can also avail working capital, cash credit facility and other loan products from ICICI Bank
Export Finance, Letter of Credit, Bank Guarantees and foreign currency loans are also available to those looking for support their businesses.
| CRITERIA | SELF EMPLOYED |
|---|---|
| Age | 28 years (self employed individuals) and 25 years (for doctors); Maximum age - 65 years |
| Minimum Turnover | Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials |
| Minimum Profit After Tax | Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials |
| Business Stability | In current business for at least 5 years and minimum 3 years for doctors |
| Existing relationship with ICICI Bank | Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required |
Disclaimer: This is an indicative list only. Additional documents may be asked for on a case-to-case basis.
A Business Loan can be availed on the basis of audited financials,
You can pre-close or pre-pay your Business Instalment Loan (BIL) by payithe applicable pre-closure charges after payment of 12 Equated MonthInstalment (EMI). Currently, the applicable pre-closure charge is 5% of toutstanding loan amount (plus applicable tax).
