Launch of ICICI Bank Business Loans

ICICI launched Business Loans as a product offering to customers adding to their Asset kitty which would enhance product offering and one more product to take the wallet share higher thus helping our customers.

The details for the same are as follows:-

ICICI Bank Business Loans Solution for your Customer :

Ø  Cash Credit limit/Overdraft facility to meet your everyday Business requirements

Ø  Export Credit for providing Pre and Post-Shipment finance to exporters in INR & Foreign Currency

Ø  Non-fund based working capital limit facilities – Letter of Credit and Buyers Credit to ensure timely procurement of goods

Ø  Bank Guarantees to meet performance and financial obligations

Benefits:

Ø  Easy Accessibility - Leverage on our banking services with 4400+ Branches

Ø  Relationship Manager Our dedicated Relationship Manager works with you to help meet all your needs

Ø  Attractive Pricing Competitive interest rates, commission and charges

Ø  Fast and Easy Renewals Hassle-free renewals with minimal documentation

Ø  Transparency Decentralized operations for faster and quick turnaround time

Facilities Available :

·         Cash Credit

·         Overdraft

·         Letter of Credit

·         Standby Letter of Credit

·         Export Packing Credit

·         Buyers Credit

·         Term Loan (Both In INR & Foreign Currency )

·         Drop Line Overdraft

·         Packing Credit in Foreign Currency

·         Bank Guarantee

·         Post Shipment Facility in Foreign Currency

·         Foreign Bill Discounting

·         Inland Bill Discounting

·         Derivatives

·         Working Capital Demand Loan (Both in INR & Foreign Currency)

·         Counter Bank Guarantee

Requirement :

Ø  Self Employed Customer – Proprietor / Partnership / Co.

Ø  Vintage – min. 2 years

Ø  Turnover – Min. 1cr

Ø  Limit Amount – 20 Lac to 10cr

Ø  Sourcing : BLG Open Locations (Attached)

Ø  Collateral type : Commercial / Residential / industrial / Liquid Assets

Please note for below schemes no payout will be given,

·         Unsecured Facility

·         SIDBI

·         Standup India

·         Mudra Loans

·         Gold Loans

·         CGTMSC

Fee Arrangement : 100% of Processing fee collected i.e upto 2%

Payout : Post disbursement & Security creation

Post sharing of leads we will patch the respective BLG RM with the concern person to take things ahead.

Regards,

S. Koundinya

Financial Advisor

9533791525.