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About GST Business Loan
Funding up to Rs 3 crore basis your GST returns
Business entities can now avail up to Rs 3 crore of working capital facility based on their GST returns.
Facilities Offered
Overdraft (OD), Letter of Credit (LC) and Bank Guarantee (BG)
Features & Benefits:
- No financial statements required
- Limit basis GST returns and statistical score
- Instant in-principle eligibility
- Digital processing of limits
- Simple assessment norms
- Dedicated business banking specialist
- Accepted Collateral
- Residential/Commercial/Industrial property and Fixed Deposits
- Auto-fetch/upload of GST returns of last <12> months, latest bank statements and ITR acknowledgement
- KYC of business entity, promoters, guarantors and security providers
- Property documents
- This list is only indicative and is not an exhaustive list of documents. Additional documents might be required on a case-to-case basis.
Documents Required
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T&Cs.
FAQs
GST Business Loan can be availed by the following entities:
Sole Proprietorship Firm
Partnership Firm
Private Limited Company
Public Limited Company
ICICI Bank offers flexible collateral options and accepts residential/commercial/industrial property and liquid securities, i.e. Fixed Deposits as collateral.
The maximum limit offered under GST Business Loans is Rs 3 crore.