ICICI Bank Business Loan

ICICI Bank | Business Loan | 22-Feb,2021

About ICICI Bank: ICICI Bank Limited, commonly known as ICICI Bank, is an Indian multinational banking and financial services company that was inaugurated on January 5, 1994. Its registered office is located in Vadodara, Gujarat, and its corporate office is in Mumbai, Maharashtra.

Detail: Candidates should be at least 21 years old to be eligible for a business loan.

Annual Percentage Rate (APR): 16.49%

Minimum & Maximum period for repayment (Loan Tenure): 36 months

Loan processing charges: upto 2% (plus applicable taxes)

Late Payment: Charged upto 4%

Foreclosure Charges: Allowed after 6 EMI's, 5%

Partpayment Charges: Not Allowed

Maximum Loan Amount: 40 Lakh

ICICI Bank Profile

Sector : Finance

Industry : Regional Banks

ICICI Bank is one of the four largest banks in India. ICICI was established in 1955 as an initiative of the World Bank. The bank has a network of 5,275 branches and 15,589 ATMs across India.

Know more

You will go on the Official website.

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Loan Type

ICICI Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 10.5% up to Rs 25 lakh 60 months Upto 2.25% of loan amount plus GST 24% per annum 5% on principal outstanding plus GST N/A
Home Loan 6.80% Upto 5 Crore 30 years Upto 1.00% - Not Allowed Not Allowed
Education Loan 10.50 % Up to Rs 40 lakh Up to 8/10 years -- -- -- --
Car Loan 7.90% New Car: Upto 100% of ex-showroom price Used Car: Upto 80% of market value New Car: Upto 7 years Used Car: Upto 5 years New Car: Min Rs. 2,500 Max Rs. 5,000 Used Car: 2.00% Min Rs. 2,500 Max Rs. 6,000 - Upto 5% N/A
Business Loan 16.49% 40 Lakh 36 months upto 2% (plus applicable taxes) Charged upto 4% Allowed after 6 EMI's, 5% Not Allowed
Gold Loan 10.50% p.a. onwards Up to Rs.1 crore 6 months to 12 months 1% of the loan amount sectioned+ GST -- -- N/A

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