Business Loans India | Commercial Loans | Small Business Loans | Business Overdraft | Loan For Entrepreneurs | Loan For Self Employed

Business is a field, where you are responsible for both your loss and profit. As long as you earn money and get the profits, it is good. However, you should always be prepared to face the downfall also. This is why you should always think about the ways, which could help you during your hours of crisis. Meet low rate business loans, which is one of such helps during your financial crisis.

You can access low rate business loans to expand your running business or to launch a new business. You can access these loans in two different forms namely secured business loans and unsecured business loans. If you have your own property and want to place it as security for the loaned amount, then you can apply for secured loans. Whereas, if you do not own your property or if you are worried about risking your property, opt for low rate unsecured business loans. In both of these loans, you can get the facility to avail a good amount of money with cheaper rate of interest. However, the rate of interest is a bit higher in unsecured business loans compared to secured business loans. It is because, here you can avail the loaned amount without placing any security.

ICICI Bank’s Smart Business Loan is your easy access to money. Get up to Rs. 25 lacs as an Overdraft or a Business Installment Loan with no collaterals and faster turnaround time.

Just Flash your existing Repayment Track Record and apply for an Overdraft Facility or Business Loan.

Overdraft:
Easy Access Money

* Working capital as Overdraft facility
* Validity of 12 months
* Interest to be levied on the amount utilized*
* Enjoy the flexibility to pay a minimum amount every month*
* Interest Rate (IBAR + Cash Credit Premia – 2.7.5% )*
* Processing Fees of 2.5%

Business Installment Loan:

Seize growth opportunities

* Credit facility in the form of Term Loan / Business Installment Loan
* Payment in the form of equated monthly installments
* Repayment tenure of 12-36 months
* Plan and control your cash flows–
* Interest Rate
* Processing Fees

Advantages:

* Faster loan sanctions with minimum documentation*
* One stop solution with a bouquet of products
* Attractive rate of interest*
* Query resolution at local branches

Other benefits:

* Facility to deposit cash in the current account**
* Online repayment facility**
* Availability of local cheques
* Flexibility to open accounts at local branches

Eligibility:

* Income Tax Payee
* Good business track record
* Comfortable business vintage

Documents required:

* Latest sales tax/VAT/service tax return
* Latest income tax return
* Bank statement
* Certificate of registration
* Proof of ownership: Title Deed, Municipal Tax/Municipal Charge Bill / Receipt, Property Tax Paid Bill
* Residence Proof: Telephone Bill/Electricity Bill Driving License/Valid Passport
* Identity proof: Driving License, Passport, Pan card