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ICICI Bank Loans
When you are looking for loan products from both private and public sector banks in India, one of the names that will surely come to your mind is ICICI Bank. ICICI Bank loans come with one of the most competitive terms and rates in India. The loan terms are flexible and convenient to suit the needs of the borrowers.
About ICICI Bank Loans
ICICI Bank loans have a lot to offer those people who require finance for different needs and purposes such as marriage expenses, purchasing a car or a home, financing higher education or even planning a holiday trip. Given below are the different categories of loan products offered by ICICI Bank to cater to the different needs of the borrowers:
1) ICICI Bank personal loans
Given below are the different types of personal loan products offered by the personal banking division of ICICI Bank:
ICICI Bank is the top home loan provider in India. Home loan products offered by ICICI Bank are known for the incomparable benefits they offer such as easy paperwork, doorstep service and counseling throughout the loan procedure.
Commercial vehicle loans
ICICI Bank offers a wide range of commercial vehicle loans which you can use for purchasing new/used commercial vehicles.
Loans against securities
You can use your securities as collateral to avail a loan from ICICI Bank which you can use for various purposes. It is an overdraft facility and the loan amount is dependent on the value of the securities.
ICICI Bank has an array of personal loans. With minimal paperwork, you can avail a loan of upto Rs.10 lakhs.
Loans to SMEs
ICICI Bank is one of the favorite choices for car loan borrowers in India. The bank has association with all major car manufacturers in India to make sure you get the best deal. Loan schemes are flexible and approval is speedy. The application procedure is hassle-free as well.
2) NRI loans from ICICI Bank
The NRI banking division of ICICI Bank offers the following types of loans:
- Home loans
- Loans against FDs (Fixed Deposits)
3) Corporate financing from ICICI Bank
The corporate banking division of ICICI Bank offers the following types of loan products:
- Structured finance for corporate customers
- Project finance
The structured finance group of ICICI Bank offers the following variety of services to its customers:
- Asset-backed finance
- Acquisition finance
- Subordinated debt
- Receivables purchase
- Non-recourse structures
- Hybrid instruments/convertibles
The project finance group of ICICI Bank offers the following range of services to its customers:
- Foreign currency term loans
- Rupee term loans
- Mezzanine financing and subordinated debt
- External Commercial Borrowings (ECBs)
- Non-fund based facilities such as Bank Guarantee, Letter of Credit, Buyer’s Credit, Supplier’s Credit and so on.
- Export Credit Agency backed financing
- Equity financing
4) Business financing from ICICI Bank
The business banking division of ICICI Bank offers the following loan products:
- Vendor/Dealer Finance
- Business Advantage Loan
- Industry Specific Loans (loans for construction companies, educational institutions, information technology firms and pharmaceutical companies)
- Export Finance
5) Agricultural Financing from ICICI Bank
The agricultural banking division of ICICI Bank offers the following loan products:
- Mid Cap Credit
- Long term loans
- Working capital loans
- Loan against warehouse receipt
- Micro credit
Whatever be your requirement, ICICI Bank has a suite of loan products to meet your needs. Combined with the ease of ATMs, networked branches and state-of-the-art facilities like mobile banking and online banking, ICICI Bank helps you make the most of doorstep banking. Choose any of their loan products and furnish all your information over the Internet and a representative of the bank will talk to you for obtaining loans.