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About Goods and Services Tax (GST) Business Loan
Funding up to ₹3 crore basis your GST returns
Business entities can now avail up to ₹3 crore of working capital facility based on their GST returns.
Facilities Offered
Overdraft (OD), Letter of Credit (LC) and Bank Guarantee (BG)
Features and 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 or industrial property and fixed deposits
- Auto-fetch or upload of GST returns of last <12> months, latest bank statements and Income Tax Return (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.
Frequently Asked Questions (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 or industrial property and liquid securities, i.e. Fixed Deposits as collateral.
The maximum limit offered under GST Business Loans is ₹3 crore.