ICICI Bank understands that different industries have different financial needs and a different set of financial problems. To help businesses counter the same, they offer specifically designed industry-specific loans.
- Loans for Educational Institutions
ICICI Bank gives business loans to educational institutions to help them grow and expand their horizon. Term loans are offered for the establishment of additional premises. Flexible repayment option and competitive pricing makes it a great financial solution for educational institutions. Loans can also be availed in foreign currency.
- Loans for Pharmaceuticals
ICICI Bank provides financial assistance to pharmaceuticals in the form of working capital loan or cash credit. Cash credit is offered with a charge on current assets and it can be taken for a period of 12 months. Floating rate of interest is applicable on this loan and the borrowers have the flexibility of making a minimum payment every month. A unique offering called Working Capital Demand Loan is also promoted by ICICI Bank.
- Loans for Construction Business
The construction industry in India is scaling new heights and to help them tackle all challenges, ICICI Bank offers tailor-made financial solutions. Loans can be availed in the form of cash credit and bank guarantee.
- Loans for Information Technology (IT) Business
IT Businesses are rapidly growing in the country and ICICI Bank strives to provide financial help to them in the form of business loans. Working Capital Demand Loan in Foreign Currency is offered to companies that have considerable foreign currency inflows. Term Loans are also offered for expansion of the business.