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Corporate Loans:

1. Term loan

Term loans to meet your medium to long-term fund requirements. This is an advance granted by the bank for a fixed term of more than one year. It is a non-revolving facility with a pre-determined expiry date. Repayment schedule are structured in a fashion to suit the cash flow and the principal can be paid back at regular intervals or as a one-time bullet payment at the end of the tenor

2.Project finance

Term loan facility with a specific purpose of financing a greenfield/brownfield expansion of a project.

3.Cash/FD backed facility

Maximize value of your savings by availing loan facilities against cash/fixed deposits (including NRE deposits) with ICICI Bank at an attractive rate

 

Fund based working capital facilities

1. Overdrafts

Overdraft is a facility for day-to-day requirement of a corporate where interest is charged only on the amount utilised from the credit line sanctioned.

 

2.Working Capital Demand Loan (WCDL)

Short-term loans to meet working capital requirements of a corporate. This is an advance provided for a period of 7 days to 1 year to meet the net cash cycle of a company. WCDL is a revolving credit facility wherein the advances once repaid may be re-borrowed

 

Trade finance facilities

1.Receivables Financing/Bill discounting

The corporate can avail financing against receivables by presenting accepted bills to the Bank. The corporates’ customers can settle the accounts receivables by paying directly to the Bank. On a case to case basis, the Bank may offer advances on a ‘recourse’ or on a ‘non-recourse’ basis to the corporates.

2.Trust receipt (Import financing)

An option provided to the corporates to avail financing towards the procurement of raw materials/goods etc. The Bank on receipt of bills and freight documents pay the funds directly into the bank account of the supplier/exporter. The corporate can then settle the loan account at the end of pre-determined tenor

Non fund based facilities

The Bank offers various non-fund products to facilitate corporate requirements.  These include:

  • Letter of Credit (Sight & Usance): Issuance, Advising & Confirmation
  • Bank Guarantees (Performance & Financial)
  • Standby Letter of Credit (SBLC)
  • Bill handling & collection

Liability products

The Bank offers attractive interest rates for fixed tenor/overnight deposits. Fixed tenor deposits can be placed with the Bank for a period from 3 months to 5 years.