Corporate Finance

A full suite of innovative Corporate Finance products designed to fulfil all requirements of the fast growing corporate.

Harnessing new technologies and thought processes

ICICI Bank has harnessed new technologies and thought processes to introduce numerous products and services in the area of Corporate Finance to suit various clientele. The products can be broadly classified into:

• Demand Loan
  Short-term loans to meet working capital requirements.
• Revolving Credit Facility (RCF)
  Committed facility for a fixed period and available for drawing at any time before the final expiry date.
• Term Loan (fixed or floating)
  Credit facility to meet medium to long-term fund requirements.
• Bridge Loan
  Short-term credit facility to meet temporary fund requirements.

Overdrafts

We offer overdraft facility against the security of Fixed Deposits, and can be attached to an existing / new Current Account. (Also see Premium Account)

Overdraft is a standby line where interest is charged only on the amount used in the credit line and there is no need to uplift your Fixed Deposit when there is a need for cash. The facility can also be drawn in a currency other than the deposit currency.

Demand Loan

We offer short-term loans to meet your working capital requirements. This is an advance for specific periods of one year or less where amounts repaid may be re-borrowed, at the Bank's discretion. It is repayable on demand. Interest payments and principal repayments are made at the end of each advance, or the principal can be rolled over with a new contracted rate.

Revolving Credit Facility (RCF)

We offer revolving credit facility to meet your working capital requirements. RCF is a committed facility for a fixed period and is available for drawing at any time before the final expiry date. RCF would be useful for meeting your short term needs and could also act as a source for your long-term working capital. We offer the facility for a wide range of tenure from 3 months to 5 years.

Interest payments and principal repayments are made at the end of each advance or the principal can be rolled over with a new contracted rate. A commitment fee applies.

Term Loan (fixed or floating)

We offer 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. The facility is a committed facility and a commitment fee applies on the undrawn amount. Amount once repaid cannot be redrawn. The interest rate can be variable, pegged to a base rate or fixed upfront.

Receivables Financing or Factoring

We offer factoring as an alternate means of raising working capital finance. Factoring involves the financing of accounts receivables. You can raise working capital by selling the accounts receivable to the Bank. We would grant an advance based on the amount of accounts receivables and your customers will settle the accounts receivables by paying directly to the Bank. Beside the accounts receivables, no other collateral is required.

We offer two variants:

• With recourse financing: We offer advance against the security of the accounts receivable and hence the amount would appear as a loan in your book. You would be liable to repay the advance if your customer does not make the payment.
• Without recourse financing: We would purchase the receivables from you and they would no longer appear on your book. We would have no recourse to you if your customer defaults in payment.

Bridge Loan

We offer short-term credit facility to meet temporary fund requirements. A bridging facility (e.g. Bridging Overdraft, Bridging Term Loan, etc.) is a temporary facility for a specific purpose, which will be refinanced by another facility to be granted by either the Bank or another financial institution, or a readily identifiable source of funds.