How to take business loan from ICICI Bank easiest simple way/
How to take Business Loan from ICICI Bank | Easiest way to take business loan from icic bank / – Friends, do you want to start your own business but are unable to start it due to lack of money,
then friends, let me tell you that you have come to the right place because In this post I will tell you how you can take a business loan. Friends, if our monthly salary is very less then we should do some extra business if we start any business.
If we do not have money to start a business, then our work remains incomplete, whatever we think, whatever we think, remains in the mind, do not worry if you are trying to start a business, you are sitting at home ICICI How to get business loan from bank?
Friends, today we will know how you can apply for business loan from ICICI Bank, friends, it is very easy to take loan from ICICI Bank. If your credit score is correct then ICICI Bank gives you instant loan. We will tell you how to apply for loan in ICICI Bank.
And how much interest you will have to pay if you take a loan from ICICI Bank and for how much time ICICI Bank will give you the loan and at what percentage you will know all these things in today’s post. How to take Loan from ICICI Bank |
Benefits of business loan :
* You can get business loan from ₹3 lakh to ₹40 lakh from ICICI Bank
* One of the salient features of this scheme is that it is a collateral-free loan. No guarantor is required for this. ,
*No security/collateral required in ICICI Bank
*Easily repay the loan in ICICI Bank through Auto Debit / ECS / PDC
*You can repay your loan in ICICI Bank in 5 years or 60 months in easy installments
*Loan amount can be taken from minimum Rs 2 lakh to maximum Rs 40 lakh
Business Loan Eligibility Criteria :
Some eligibility criteria have been made for business loan by ICICI-Bank, the loan is given by the bank only after fulfilling them like;
You should be minimum 25 years and maximum 65 years of age at the time of applying for Business Loan.
You need at least 5 years of experience to run a business and you have been running that business yourself for at least 3 years.
You must have your own home or office where you are doing business.
Your civil score should be good, all the transactions you have done so far in the bank should have a good record, there should be no negative experience towards the bank towards you.
You have been filing ITR return for at least 3 years.
Your firm should be registered in your name, for whichever business you are taking loan, you have already registered that business.
In this, all types of people can register, no matter what type of business you have, such as partnership business or self-employed business.
Documents Required for ICICI Bank Business Loan-
Documents Required for Applying ICICI Bank Business Loan / Business Loan :- While applying for business loan, the applicant has to provide documents so that the bank can verify the information of the applicant and his business. How to take business loan from ICICI Bank –
# First of all ID proof, I have to give you PAN card, Aadhar card, driving license, voter ID and passport, any two of these things, whatever the bank does not demand from you, you have to give it.
# In the address proof, you have to give Aadhar card, driving license, voter ID and passport.
# For business proof, you may have to give GST certificate, service tax certificate.
# If a business loan is already running, then you will have to give its statement.
# You may have to give a copy of GST or Light Bill for the certificate of the place where you are doing business.
# You may have to give a copy of the RTR return you are filing for at least 3 years
You also have to give balance sheet audit report of your business.
How much business loan can I get from ICICI Bank?
Friends, before taking a loan from any bank, we must know that how much loan we are getting from that bank because do we know that we need more money to start our business idea and the bank will give us less amount than that?
If you are giving business loan, that’s why you should find out about the loan amount given by banks, similarly ICICI Bank is providing you loan from 2 lakh to 40 lakh.
How to take Business Loan from ICICI Bank?
* Friends, if you have a good business plan and you are facing shortage of money and you are not able to invest in your business plan due to lack of money, then I will tell you how to take business loan from ICICI Bank.
*You have to first login to the ICICI Bank website. ICICI bank loan site click here
After logging into the website, you have to click on Business Loan.
*After clicking on Business Loan, you have to submit your documents (turnover, name, phone number etc.) and fill general information about yourself.
After this, if you are eligible for the loan, then your loan amount will come in front of you and after that you can easily apply for the loan by visiting ICICI Bank or in ICICI Bank website.
how long will I get a business loan from ICICI Bank?
It is also very important for us to know for how long we are getting the business loans we get in banks because we also have to return the loan on time because when you do not return the loan on time,
you will have to pay extra interest. Similarly, ICICI Bank provides you a loan of 12 months to 60 months or one to 5 years.
How much interest will be charged for taking business loan from ICICI Bank?
* Highest interest is taken care of in any type of loan
*Friends, you will have to pay 12%-13% interest on the loan amount from ICICI Bank.