Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 ICICI Loans for New Entities

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    ICICI Loans for New Entities is Rated as "Great!" by 14703 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    How to get Loans for New Entities in ICICI Bank

    ICICI Bank offers business loans for those who have been around for a while and also for those who have just started a new venture. Business loans provided by ICICI Bank are designed specifically for manufacturing, retail, wholesale, trading and service industries.

    Features of ICICI Loans for New Entities

    The features of Loans for New Entities are as follows:

    • Cash credit or overdraft or export credit and non-fund based facilities is provided to manufacturers, traders and service providers that are 1 year or older.
    • Terms loans are offered for purchased of commercial assets and to meet the business expansion needs.
    • Flexible collateral options are offered in terms of residential or commercial or industrial properties. Even liquid securities are accepted as collateral.
    • Working capital finance requirements is offered to:
      • Sole Proprietorship firms
      • Partnership firms
      • Private limited companies
      • Trusts and societies
      • Public limited companies
  • Competitive interest rates are offered for Loans for New Entities. The interest rate is determined on the assessment of the borrower’s business profile, past track record, financial assessment record, loan amount and the loan tenure.
  • Documents required for ICICI Loans for New Entities

    The following documents are to be submitted along with the duly filled application form:

    • Firm profile
    • List of 5 major suppliers and customers
    • Constitution documents
    • Audited financial statement of the last two years with ITR
    • Last 6 months bank statement
    • IT pan card of Promoters or Directors or Partners
    • Self-certified provisional and projected balance sheet and profit and loss account
    • Proprietor’s or Partner’s or Directors personal ITR
    • Current profit and loss sheet
    • VAT assessment order or Sales tax registration certificate
    • Latest list of Directors
    • Form number 32
    • Partnership registration certificate
    • Audited 1 years financials of sister concern
    • Agreement with principal
    • Existing bank sanction letters
    • Formalities for creation of charge on security
    • Authority letter for security execution
    • Notarized Partnership Deed
    • Net worth Certificate by CA.
    • End use letter
    • List of assets
    • Satisfactory conduct report from existing bankers
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  • ICICI Loans for New Entities Reviews

    • ICICI Bank Personal Loan
      "Not Satisfied with the services"
      0.5 1.0/5 "Really Bad"
      I have a earlier experience with ICICI Bank for the personal loan. It has not been a very good experience. The documentation was too much to submit. The rate of interest was very high. It was around 15%. The processing charges was pretty high as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I am not in need of any kind of loan at present so that was the reason I haven't proceed with ICICI bank personal loan . The Customer service is good with ICICI bank. They also gave good response in concern to my personal loan application. The rate of interest of interest was nominal with ICICI bank. I got good service from ICICI bank.
      Was this review helpful? 0
      , srinagar
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The service I got from ICICI bank was prompt. The time which was taken by ICICI bank was longer than normal . Within the time they sent their documents collection executive I have got the loan from Different bank so that was reason I can't proceed with ICICI bank personal loan. The rate of interest with ICICI bank was low when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      Due to the banking norms I could not proceed ahead for the personal loan with ICICI Bank. I am happy with the response I received from them. They were prompt in contacting me to give me the details. The interest rate was normal and the processing charges too. The support was good overall.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The ICICI bank has told that my credit score has not met their eligibility criteria. As well my permanent address is different than from my wok place. The customer service and the response was good with ICICI bank. The interest rate which they were about to offer the loan it was high. I would say it was an good service from ICICI bank.
      Was this review helpful? 0
      , tirupati
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Moderate Service"
      0.5 3.0/5 "Satisfactory"
      Of course I had received a good service from ICICI bank for the personal loan process. I had no challenges but when it comes to the rate of interest, I am quite disappointed because, in the beginning they said that the interest rate is 13% but after taking the loan, I came to know that the interest rate is more than 15%. This has to be rectified.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I was contacted by ICICI bank executives in concern to my personal loan that time I was in travel, then somehow thy have fixed an appointment to collect the documents, but they failed to collect the documents on the assigned date and time, so that was the reason I can't proceed with ICICI bank personal loan. It was an average service from ICICI bank.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      Initially ICICI bank executive given me a call and explained me about the product. Then they said that they will get back to me after checking the eligibility but no one turned up after that, so that was reason I haven't processed with ICICI bank personal loan. The response part need to be improved with ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Not helpful"
      0.5 1.0/5 "Really Bad"
      Everyday I was struggling with ICICI people for the loan disbursement. The main problem with the bank is they are not so responsive on the customer's requirement. When I applied for the loan, the bank provided a relationship manager number to me. But that guy did not pick up my call, it is no use in having relationship manager. Everyday I heard a same dialogue from ICICI that the loan amount would be disbursed today end of the day. At last I got the loan with the support of third party executive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I received a call from ICICI bank in regards to my personal loan then they have asked my details and promised that they will give a call back , but I never received any call from them. The response need to be improved with ICICI bank. It would be great if ICICI bank gives good response on appropriate time. I got average service from ICICI bank.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Not Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank is good as a bank overall. Just the at the executives have not been up to the mark. After I applied for a personal loan. The bank contacted me once and informed me the details and I was told that they would call back. But I received no response. The interest rate was around 18% which was also very high.
      Was this review helpful? 0
      , vellore
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Excellent "
      0.5 4.5/5 "Excellent!"
      If the commitments are changed after the loan approval, then surely it will be disappointing. For my loan process, ICICI bank was totally good. Customer service was absolutely fine. But during the loan process, ICICI executive came to my place and he explained everything about the loan especially preclosure rate. I was informed that the rate of preclosure is 4% but after the loan approval, I had received a mail where they mentioned it as 5% which is really not good.
      Was this review helpful? 0
      , ajmer
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      ICICI bank has been good in the personal loan services. They had a better interest rate and processing charges. The response was good and the process to get the loan was also on time. A good experience overall and the after loan services is satisfactory.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      I didn't got personal loan from ICICI bank, I got the call from ICICI bank initially but after that they never gave any response in regards to my personal loan application, that was the reason I haven't proceed with ICICI bank loan. It would be great if the ICICI bank gives the response on time. I would say I got an excellent service from ICICI bank.
      Was this review helpful? 0
      , chittorgarh
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Everything is good with ICICI"
      0.5 5.0/5 "Blown Away!"
      Everything is good to go with ICICI Bank. Interest rate offered by ICICI was really good and the processing fee is very much fine. They took around 7 days to process the loan . No issues with the ECS Form too and it was too easy to fill that too...
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Good response"
      0.5 5.0/5 "Blown Away!"
      I wanted to take the personal loan so I went ahead and I placed the loan request with ICICIbank. I received a good response at the time I placed the request. But then I had no more requirement for the loan so I just informed to cancel my loan application.
      Was this review helpful? 0
      , siliguri
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      The response part with ICICI bank need to improved. But when compared to HDFC bank ICICI bank is giving better response. The rate of interest is lower than HDFC bank. The whole process just takes 4 to 5 days in concern to my personal loan with ICICI bank. I would say I got good service from ICICI.
      Was this review helpful? 0
      , varanasi
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Not Satisfied with the services"
      0.5 2.0/5 "Expected more"
      After me applying for a personal loan with ICICI bank, there was no response from them. I think I did not fall into the criteria of the bank. I would appreciate if there was a proper process followed and I received a call at least to inform me the details.
      Was this review helpful? 0
      , patna
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      Actually I have an issues with my credit score so I did not provide a complete documents to the ICICI bank in order to continue the loan process. As expected, my personal loan application got closed by the ICICI bank. So I decided to take the loan once my score is increased.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank has been excellent in the personal loan process. I received a proper response and the services has been top. The bank has been supportive. I did not go ahead is because I got the funds through another source. The interest rate and processing charges has been nominal too.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 14, 2017
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