What is the interest rate charged?
16% per annum
Do I have to have a fixed EMI every month?
No, the interest is charged only on the amount you utilise.
Is processing fee applicable? If yes, what is the amount charged?
Yes, processing fee is applicable. The processing fee is 2% of the loan amount.
What is the maximum OD amount one can avail?
For existing customer, the range is from Rs 50,000 to Rs 15 lakh. For new to ICICI Bank customer, the range is between Rs 50,000 - Rs 10 lakh.
What is the interest rate charged?
12 months Current Account bank statement in PDF.
Is any Current Account bank statement acceptable?
No, only Current Account from commercial bank is accepted. Co-operative Bank Current Account is not accepted.
What is the business vintage criterion to avail of this facility?
Minimum of 2 years.
Is opening of Current Account with ICICI Bank mandatory?
What is the Turn-Around-Time to disburse the loan amount?
Within 48 hours, maximum of 72 hours.
In case of any assistance required, whom do I contact?
You can call 1800-000123 Monday to Friday 09:30 AM to 06:00 PM.