23-02-2013, 12:08 PM
ICICI bank
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Privilege Banking
We understand that customers like you deserve special attention. Privilege Banking products and services are designed to meet all banking and financial needs of select customers like you. As our valued Privilege Banking customer, you enjoy Dedicated Service Area, Priority Service and Special Privileges making your banking experience truly special.
Dedicated Service Area: - For a faster and differentiated banking experience, we have Privilege Banking Dedicated Service Areas at ICICI Bank branches across India. Preferred recognition at Enquiry desks and at DQM machines ensure you enjoy faster access to our expert Privilege Bankers for all your banking needs from deposits, loans, cards to investments and insurance
Priority Service:
As a Privilege Banking customer, all requests and applications made by you are processed on priority. Faster access to Privilege Bankers at our branches and Customer Care makes banking effortless for you.
• Preferential Access - Reduction in your waiting time
Enjoy priority service at our branches and at Customer Care
• Over the Counter Servicing (OTC) - Prompt resolutions
A range of service requests are processed over the counter.
• Priority Processing - Fast-tracked through dedicated teams
all account opening requests and loan/credit card applications processed on priority.
• Priority Updates - Be updated even while on the move
Updates through SMS on the status of your service requests.
BUSINESS BANKING
CURRENT ACCOUNT & SERVICES
Your business has unique requirements. At ICICI Bank, you will find the ideal bank account that takes care of all your cash flow and banking needs. Whether your business is local or national, starting up or scaling up, ICICI Bank's business services and banking facilities keep you on top of your business, round the clock, all the time
Lending Exposure:
Upto Rs 50.0 million for working capital and capital expenditure needs
Acceptable collaterals:
Residential/Commercial/Industrial property, liquid securities
Eligible entities:
Sole Proprietorship Firm, PartnershipFirms, Private limited Companies,
Public limited Companies
Pre-requisites :
Minimum one year business operation & audited financial.
*and such other pre-requisites as may be desired by the bank
BENEFITS
Low collateral requirement-
Lending available upto 3 times of the value of the collateral
Fast processing -
De-centralised operations for fast processing and quick availability of
loans
Convenient Documentation -
Convenient documentation process to offer ease and flexibility
Attractive Pricing -
Low interest rates and commission charges
Priority sector clients -
Attractive pricing offered for customers under priority sector lending.
Fast and Easy renewals -
Hassle free renewals with less documentation
Dedicated and exclusive relationship managers -
Dedicated relationship managers to provide complete financial solutions
Easy Accessibility -
Leverage on our anywhere banking services through 2500 plus branch network
CHARGES APPLICABLE
Processing Fees -
Loan processing fees shall be charged based on loan sanctioned amount
Interest -
Pricing shall be linked to ICICI Bank's Base rate* for fund based facility
Commission -
Shall be charged on pro rata basis based on the tenure and the amount of non-fund based facility being availed
ICICI Bank Base rate at present is 9.50%p.a .The same is subject to change from time to time .
b) Business Loans Backed by CGTMSE
This is a facility specially designed under the Credit Guarantee Fund Trust for Micro and Small Enterprises
(CGTMSE) scheme of SIDBI and Ministry of Small and Medium Enterprises.
Lending Exposure:
Upto Rs 10 million for meeting working capital and capital expenditure needs
Eligible entities:
Sole Proprietorship Firms,Partnership Firms,Private limited Companies,Public limited Companies
BENEFITS
1. Collateral free loan -
No collateral is taken providing ease to customers.
2. Fast processing -
De-centralised operations and simple documentation enabling fast
turnaround time.
3. Convenient Documentation -
Convenient documentation process to offer ease and flexibility
4. Hassle -free loan -
No third party guarantee required
5. Attractive Pricing -
Low interest rates and commission charges .
6. Wide reach -
Loan can be availed at any of our 2500 plus branch network
7. Multiple banking possible -
Multiple banking facility can be availed by offering Pari passu charge on
current assets
DOCUMENTATION
Financial Documents
-2 years audited financial statements along with Income Tax Returns of the entity and the promoters
-Sanction letter of all existing bank loans
-Last 6 months bank statement of the entity
-Declarations for investment in plant & machinery .
KYC documents
-Identity proof and address proof of the promoters
-Constitution documents and address proof of the entity
CHARGES APPLICABLE
Processing Fees -
Loan processing fees shall be charged based on loan amount sanctioned. Apart from the same CGTMSE charges guarantee fees of 1.50% of the sanction amount and annual service charges of 0.75% payable every year .
Interest -
Pricing shall be linked to ICICI bank's base rate* for fund based facility-
Commission -
Shall be charged on pro rata basis based on the tenure and the amount of the non fund based facility being availed
ICICI Bank Base rate at present is 9.50%p.a .The same is subject to change from time to time .
Vendor / Dealer Finance
Get on-time and affordable finance to ease your cash flow needs.
..ICICI Bank's Vendor / Dealer Finance solves your cash flow needs and ensures smooth running and development of your business. You get funds conveniently, on time and at a reasonable cost.
ICICI Bank offers Bill Discounting services to vendors of large Indian corporates, including priority sector companies. Once the company accepts the bills drawn by you, they may be discounted by us. Discounting rate is linked to the tenor based IBR. Limit is outside the banking arrangement of the Corporate, and recourse is to you. In case the corporate is not willing to accept a bill of exchange, you can also opt for our Invoice Discounting facility.
Vendor Bill Discounting :-Vendor Bill Discounting is the solution for your working capital requirements. If you are a vendor with a turnover of Rs. 2 crore, ICICI Bank's Vendor Bill Discounting can solve your business cash flow needs. This helps you meet your working capital needs, and allows you to access funds at competitive interest rates.
The ICICI Bank Edge
• Minimum paperwork
• Competitive rates of interest
• Quick transaction delivery
ICICI Bank's Dealer Financing:-ICICI Bank's Dealer Financing schemes are available to selected dealers of large corporates. You can avail short-term unsecured finance to procure goods from corporates. These may be on a non-recourse basis or in some cases, corporate recourse by way of First Loss Deficiency Guarantee. The corporate provides non-financial comforts like Stop Supply Letter, Assistance in Recovery & Resale. All payments due to you must be routed through our accounts.
Trade Services
ICICI Bank provides you vital services to help you focus on your business and compete in global markets. Our trade services strengthen your business relationships by ensuring reliability and speed in your business documentation and payments. Our credit facilities smoothen your cash flows.
Letter of Credit
Obtain accurate and on-time payments from your buyers.
With ICICI Banks Letter of Credit, you can be assured of timely and correct payments from your buyers. Now, interact with ease even with companies with whom you have had limited experience or are unsure of their credit history. ICICI Bank offers inland and foreign LCs of two types Sight LC and Usance LC. Sight LC commands immediate payment on presentation of the necessary documents.
In case of a Usance LC, payment is set for a specified future date only after acceptance of presented documents.