Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • ICICI Loans for New Entities Reviews

    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have mentioned a incorrect address at the moment of verification from ICICI bank the ICICI executives told that they can approve the loan in my work place address not at my residence address . That was the reason I haven;t got the loan with ICICI bank .The rate of interest they have offered was high when compared with others banks.
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      , kochi
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached ICICI bank for my personal loan . They have rejected my application because I don't have a salary account with ICICI bank. They have delayed the process and taken so much of time. Their rate of interest was 11-12% which was bit high.
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      , mandideep
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Looking for better service"
      0.5 1.0/5 "Really Bad"
      ICICI is really lacking in the service part, when I approached them for the top up loan through online channel. I didn't receive any call or single communication from them. They should reach the customer on timely basis. I am an existing customer of the bank there was no response.
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      , bangalore
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached ICICI bank for my personal loan 2 months back but they have asked me come after 3 months to start with my loan process.My experience was up to the mark so far. I have not faced any inconvenience or issues with their customer service and responses. They are providing door step service for the documentation collection and I felt that their rate of interest was bit high other than that I am satisfied with ICICI bank and looking forward to start my loan process .
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      , coimbatore
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have approached ICICI bank for my personal loan. My experience was not bad .I didn't take the loan with ICICI because HDFC bank approached me first and offered me with the best interest rate so I have taken with them . I would like to rate them 5 out of 4. I have no idea about the rate of interest and fees and charges since I have not taken loan here.
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      , kochi
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      I don't need any personal loan right now hence I didn't go head with ICICI for the loan product. I am satisfied with their service they gave prompt reply. Even Interest rate which they offered me is also good and genuine, when I have a need surely I will approach them.
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      , rudrapur
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Very good service"
      0.5 1.0/5 "Really Bad"
      I was looking for Housing loan when I have applied for the personal loan from ICICI bank, so that was the reason I haven't got the personal loan from ICICI bank. The customer service is good with ICICI bank . The rate of interest is high when compared with other banks.
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      , hosur
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Should be transparency"
      0.5 3.0/5 "Satisfactory"
      ICICI gave me reasonable interest rate around 13% on my personal loan and also immediately my loan got sanctioned. But the person from the bank they are very irresponsible and also they are providing wrong commitments to the customer. ICICI bank is disbursing the loan amount with customer confirmation.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Good banking service"
      0.5 5.0/5 "Blown Away!"
      I got salaried account from ICICI bank for past 7 months. The customer service is good with ICICI bank. The response part need to be improved with ICICI bank. The net banking with ICICI is easy to use and user friendly. The rate of interest is high with ICICI when compare to other banks.
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      , chennai
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The ICICI bank executive came to my place and collected all the required documents they haven't update me any status of the products. The customer service need to update the status of the product to the customers . The rate of interest is nominal with ICICI when compared with others banks.
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      , chennai
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have approached ICICI bank for my personal loan. I have submitted all the documents and the Representative processed it. They have said that the amount will be credited with in 15days but I have not received it yet. I tried reaching them and enquired about it but there is no proper responses . Their rate of interest was 14-15% which was satisfactory so I have recommend it to my friends also .
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      , chennai
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have received a personal loan from ICICI bank around a year ago. The rate of interest is high when compared with others banks. They have taken around 3months time to disburse my loan amount . The customer service is average with ICICI bank. The customer service need to be improved with ICICI bank.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Very good service"
      0.5 3.0/5 "Satisfactory"
      At the time of taking the personal loan process from ICICI bank they have offered me the loan amount with very low interest rate when compared with other banks. The customer service took around 10 days to disburse my loan amount. Also I had the fore Closure and the part payment option with ICICI bank when it comes to personal loan.
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      , chennai
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Unhappy with the services "
      0.5 1.0/5 "Really Bad"
      Though I am a long time customer of ICICI Bank, the experience for the personal loan was not good. I had applied for one and the bank just kept verifying my details over and over again and finally did not provide me with the loan. I would not recommend the bank.
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      , new delhi
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The overall experience was very good with ICICI bank. They have disbursed the loan amount within the promised time. The rate of interest is nominal with ICICI bank. The processing fee and charges were low when compared with others, I got a prompt service from ICICI bank.
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      , mumbai
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have arranged the required amount from the other source so that was the reason I haven't got the personal loan from ICICI bank. The rate of interest was high when compared with others. The customer service gave prompt service in response to my personal loan application.
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      , mumbai
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      In response to my personal loan application ICICI bank haven't gave proper follow up and they have given me a false information in regards to the personal loan application. They need to give the proper response and need to give exact and proper information about the product to the customers.
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      , solapur
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The ICICI haven't gave any call back after the documentation process.. They have collected my documents on time and they told they will give a call back but they never turned up . The rate of interest which they have offered was nominal with ICICI .The customer service need to give proper response to the customers.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I got the personal loan from ICICI bank a year ago. They have disbursed my loan amount within a day time, because it was pre approved loan and I never submitted any kind of documents to ICICI bank, because I am an existing customer to ICICI bank. The rate of interest is nominal with ICICI when compared with others.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached ICICI bank for my personal loan. They have rejected my application because I am not a saving account holder with ICICI bank and My Cybil score was also not up to the mark. However I am satisfied with their customer service and responsiveness.
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      , siliguri
      Reviewed on Sep 18, 2017
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    ICICI Loans for New Entities is Rated as "Great!" by 15093 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    ICICI Loans for New Entities

    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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