ICICI Bank

ICICI Bank

Overview

ICICI Bank's Dealer Financing schemes offer short-term unsecured finance at reasonable cost to selected dealers of large corporates, extended for procurement of goods from corporates. These are commonly available on a non-recourse basis, with corporate recourse available by way of First Loss Deficiency Guarantee in some cases.

 

Loan Feature

Loan Amount Depending on the business enterprise and its requirements
Interest Rate N.A.
Tenure Not mentioned
Pre Payment Charges Not provided
Service Charges

0% - 2% plus applicable service taxes

Eligibility Criteria : Business Loan

  Self
Age Age criteria not provided
Income Income criteria not provided
Job Experience Job experience not provided
Residence Proof Residence proof not provided

Docs Required : Business Loan

  Self
ID Proof PAN card/voters ID/ passport/driving license
Address Proof Recent telephone bill/electricity bill/property tax receipt/passport/voters ID
DOB Proof 10th class certificate
Financial Docs

  • Bank Statements(latest 6 months bank statement /passbook)

  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA

  • Qualification proof of the highest professional degree

 

Other Charges : Business Loan

N/A

Products offered by ICICI Bank

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