ICICI Bank Business Loan

ICICI  Bank star star star star_half star 3.75 / 5.04 users

ICICI bank Business loan is one of the best ways to finance your business needs. To run a business, funds are the most important. Furthermore timely finance makes the most of business opportunities for SMEs. The new package of business loans from ICICI Bank keeps this in mind. The bank is a popular private sector bank in India. Loanbaba.com provides all the information about ICICI Bank Business Loans: ICICI bank EMI calculator, business loans interest rates in ICICI bank, ICICI business loan eligibility and more. You can apply business loan online at our website.

At our website, you can check ICICI Bank business loan eligibility and ICICI Bank EMI calculator for free. Stay updated on this page, Loanbaba.com provides all the information about ICICI Bank business loans:

ICICI Bank Business Loan Details Updated on 16th November 2018

Loan Amount

Up to Rs. 40 lakhs

Loan Tenure

12 months to 60 months

Interest Rate

12.90% to 16.65%

Why Choose ICICI Bank Business Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the business loan in ICICI Bank then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out ICICI Bank business loan eligibility and ICICI Bank Business Loan EMI calculator at Loanbaba.com.

Features of Business Loans at ICICI Bank

The following key points will help you understand the features and benefits of the business loans ICICI Bank:

Business Loan ICICI Bank Term Loan

  • It is profitable for everyone and the Bank will look after your needs regarding daily operating expenses.
  • It finances a wide range of activities- Manufacturing, Trading, Wholesale, and Service Industries.
  • The bank provides cash credit export credit, overdraft of a minimum period of 1 year for traders, manufacturers, service providers.
  • Maximum period is 7 years.

Collateral Free Business Loan ICICI Bank

  • SBL- Signature loan facility up to Rupees 25 Lakh is provided to existing Bank customers of India.
  • CGTMSE- Term loans and Cash credits are available under this scheme till Rupees 1 Crore.

Past Dealings based Business Loans

  • Up to Rupees 50 Lakh loan available, based on past performances, through non-fund centred facilities and overdraft.
  • Audited financials are not required.
  • 3 years of minimum time period.

Why Apply for ICICI Bank Business Loan on Loanbaba.com?

At Loanbaba, you can compare and apply for business loans online. You can check out several small business loan schemes by ICICI Bank and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. You can also quickly apply for ICICI Bank Business Loan online on our website without having to visit the branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

How to Apply for ICICI Business Loan on Loanbaba?

You can apply for business loan ICICI Bank or any other bank/NBFC business loan at Loanbaba.com within a few clicks.

ICICI Bank Business Loan Interest Rates

The ICICI Bank business loan interest rate is:

  • Secured facilities: maximum I-MCLR-6M+4.75%
  • Facilities backed by CGTMSE: maximumI-MCLR-6M + 4.0%
  • Unsecured facilities: maximum I-MCLR-6M + 8.50%

But the rate of interest varies as per individual profile. Keep a check on this page to note the updated ICICI Bank business loan interest rate for the current year.

ICICI Bank Business Loan Eligibility Calculator

Business loan eligibility may differ from one candidate to another. You can also use free-of-cost business loan ICICI Bank loan eligibility calculator at Loanbaba.com. The eligibility criteria for loan for business are discussed below:

  • The applicant for business loan ICICI Bank needs to meet the age requirement and possess all necessary identity and profit/revenue proof etc required applying for the loan.
  • He/she meet the requirement for company credit score and should not be under too many debts.

Types of ICICI Bank Business Loans

ICICI Bank has business loan schemes for all kinds of professionals. The amount taken as loan can be used for either multiple or specific purposes.

ICICI Bank Business Loan FAQs

Below provided are important questions about business loan ICICI Bank.

  • addFAQs
    1. How Does the ICICI Bank Functioning Capital Finance Work?
    2. The details about Functioning capital finance by ICICI bank are as follows:

      • Daily requirement to be met by Overdraft facility Cash Credit.
      • Export requirements to be met by operating capital limits and exporters to enjoy Post and Pre Shipment finance through Export credit.
      • Functioning capital limits are arranged like non-fund structured facilities. Timely delivery of goods is ensured through buyers Credit and Credit of letters.
      • Financial Obligations and performances are met through Bank Guarantees.
    3. Does ICICI Provide School and College Centred Business Loans?
    4. The details of college and school business loan by ICICI are as follows:

      • Loan is available against account receivable.
      • Daily capital finance requirements are met by overdraft facilities.
      • Bank Guarantees are provided for meeting financial obligations and performances.
      • Term Loans (also short term) are available for expansion.
    5. What are the features of Exporter and Importer Centred Business Loans by the ICICI Bank?

    The details about exporter and importer centred business loan by ICICI are mentioned below:

    • Export credit available for Post and Pre-Shipment finance for exporters.
    • Facilitating trade earns letters of credit.
    • Loans available in foreign currency to reduce Forex risk and borrowing costs.
    • Foreign exchange risk is limited by using options and forwards.

ICICI Bank Business Loan Review


Business Loan
star star star star star 12.0/5
Business Loan by ICICI bank was perfect, but the turnaround time is something they can work upon.
Mumbai November 12, 2018
Business Loan
star star star star star 15.0/5
I had applied my Business Loan in Mumbai at ICICI bank. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai November 11, 2018
Business Loan
star star star star star 15.0/5
I approached ICICI bank for Business Loan through loanbaba. They approved my loan on receipt of all documents. My credit score was as per their criteria and I therefore received a very low interest rate.
Mumbai November 11, 2018
Business Loan
star star star star star 13.0/5
This is first experience with ICICI bank and the Business Loan process was on time. The ICICI team followed up as well properly. There were no issues in getting the amount.
Mumbai November 11, 2018

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