Apply ICICI Bank Business Loan Online
Explore 2017 Interest rates available for ICICI Bank Business Loan. Check eligibility criteria, documents required and get instant approval.
ICICI Business loan is what any sole proprietorships, partnerships and private limited companies can acquire to grow investments in trade, industry or to invest in an asset. They are tailormade to suit specific business requirements.
|Processing Fees Rate of Interest||Up to 2% (applicable taxes extra) of the facility amount For secured facilities: Up to I-MCLR-6M+4.75% For facilities backed by CGTMSE: Up to I-MCLR-6M + 4.0% For unsecured facilities (not under CGTMSE cover): Up to I-MCLR-6M + 8.50%|
|Stamp Duty and other statutory charges||State laws as applicable|
|Commission on Letters of Credit and Bank Guarantee||Up to 2.5% p.a. Commission chargeable on pro-rata basis based on the tenure and the amount of non-fund based facility being availed|
|Commitment fees||Average Utilization 50% - 0.50% p.a. on the difference between the actual utilization and average quarterly utilization of 50%. quarterly charges will be levied and is applicable for cc OD facility only.|
|Foreclosure Charges||A 4% of the total limits will be charged in case the facilities are taken over by another bank during the loan tenure. These charges are applicable only in case of Balance Transfer (BT) Working capital facilities pre-paid/closed from own sources will not attract foreclosure charges|
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