BUSINESS LOAN FROM ICICI IN Chennai
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- Loan Against Property - starting from 9.6%
- Working Capital Loan/CC/OD - starting from 10%
- Unsecured Business Loan - starting from 16%
- Aadhar
- Business PAN Card and Business Registration Proof (GST/ST/VAT)
- Company Docs - AoA and MoA
- Bank Statements for last 6 months
- ITR last 2 years
- Business should be > 1 year
- Business should be Profitable
- Business should have operatinf Current Account or OD/CC
Business Loan Example
We strive to get lowest interest rates and best terms for your Online Business Loan Applications at www.FundsTiger.com from a wide range of our lending institutions such as Banks or NBFCs that partner with us.
Business Loan Interest Rates starting from 9% to 29%, and Business Loan amount ranging from INR 1,00,000 to INR 50,000,000. The Minimum and Maximum Repayment Period Ranges from 12 months to 120 months. Business Loan EMI Calculator to check your loan eligibility.
A Representative Business Loan Cost Example
| Loan Amount Sanctioned | 10,000,000 |
| Rate of Interest | 14.50% |
| Tenure in Months | 72 |
| Processing Fees (rate as % of Loan Amount) | 2.00% |
| Processing Fees Amount | 200,000 |
| Service Tax @ 15% on Processing Fees | 30,000 |
| Total Processing Fees (PF + Service Tax) | 230,000 |
| Stamp Duty or other charges by Lending Institution* (variable) | 1000 |
| Total Deduction (Charges) | 231,000 |
| Net Disbursement Amount | 9,769,000 |
| EMI | 202,905 |