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Grow And Nourish Your Business With Attractive Business Loan Interest Rate

· Loans,Banking,Fintech,Finance,Business Loan

When you run a business, the ups and downs are part of the game.  However, sometimes things may get bad where you need financial help. This is where the ICICI Bank Business Loan presents you with a good choice.  

It comes with a high loan amount, modest rates.  There are also customized solutions if needed. These features make it one of the Best Business Loan in the market.  Here are the details you needed to know for taking a decision.  

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ICICI Bank business loan 

The ICICI Bank business loan could help you to modernize or develop the business even further.  

  • The loan amount could be offered up to Rs 40 lakh.  
  • The Business Loan Interest Rate starts at 16.50% P.A. 
  • The processing fee is up to 2% of the loan amount.  
  • The loan term is up to 7years.  
  • The commission on letters of bank and credit guaranteed is up to 2%.  

Types of ICICI Bank business loan 

  • ICICI Bank business loan 
  • ICICI Term loans 
  • ICICI GST Business loan 
  • Loans for New businesses 
  • ICICI loans without financials 
  • Business loan for importers and exporters 
  • Loans for school and college 
  • Secured loan for merchant establishment against credit card swipes 
  • Industry-specific loans such as for construction, pharmaceuticals, etc.  

What is the eligibility standards for ICICI Bank business loan?  

  • The applicant's age should be between 25 years and 65 years.  
  • The minimum revenue should be at least Rs 60,0000.  
  • The borrower should have paid ITR in the last 2 years.  
  • The minimum credit score should be at least 750 or above.  

Documents required for ICICI Bank business loan 

  • PAN Card 
  • Office proof 
  • Business continuity proof 
  • P/L statements 
  • Identification proof 
  • The loan application form 

How to apply?  

To apply for an ICICI Bank business loan easily, go to Afinoz.com. Follow the steps to apply. Upon verification, the loan will get disbursed.  

Conclusion 

The ICICI Bank business loan does not require collateral if you have an ideal credit score. The business loan interest rate is idyllic too. Overall, it is a good deal to boost your business to new heights.

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