ICICI Bank offers secured and unsecured business loans for MSMEs, traders, manufacturers, retailers, professionals, importers, exporters, and service-based businesses. Based on your business profile and eligibility, you can choose a term loan, working capital loan, or overdraft facility.
The bank also provides financing to businesses that may not have audited financial statements, helping eligible small businesses access funds more easily.
| Particulars | Details |
| Loan Amount | Up to ₹1 Crore |
| Interest Rate | Secured Business Loan: Up to 12.50% p.a. CGTMSE-backed Loan: Up to 13.00% p.a. Unsecured Business Loan: Up to 17% p.a. |
| Loan Tenure | Up to 7 Years (84 Months) |
| Loan Type | Secured & Unsecured Business Loan |
| Processing Fee | As per bank policy |
| Collateral | Not required for unsecured loans |
| Application Mode | Online & Branch |
| Prepayment | Allowed as per applicable terms and conditions |
Types of ICICI Bank Business Loans
ICICI Bank provides different financing solutions depending on the nature and requirements of your business.
1. Unsecured Business Loan
This is ideal for businesses that require funds quickly without pledging any collateral. Approval is primarily based on your business turnover, banking history, credit score, profitability, and repayment capacity.
Suitable for:
- Working capital
- Business expansion
- Inventory purchase
- Marketing expenses
- Office renovation
- Equipment purchase
2. Secured Business Loan
Businesses requiring a higher loan amount can opt for a secured business loan by offering eligible collateral such as commercial or residential property.
Benefits
- Lower interest rates
- Higher loan eligibility
- Longer repayment tenure
- Better repayment flexibility
Also Read: I Need 50,000 Loan Urgently
3. Working Capital Finance
ICICI Bank provides working capital solutions to help businesses manage day-to-day operating expenses.
These funds can be used for:
- Purchasing raw materials
- Paying supplier invoices
- Employee salaries
- Utility bills
- Managing seasonal demand
- Maintaining inventory
4. Business Overdraft Facility
Instead of borrowing a lump sum, businesses can opt for an overdraft facility, in which interest is charged only on the amount actually used. This option is particularly useful for businesses facing temporary cash-flow gaps.
5. CGTMSE Business Loan
Eligible Micro and Small Enterprises (MSEs) can also apply for loans covered under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.
Under eligible cases:
- No third-party guarantee may be required.
- Competitive interest rates are available.
- Suitable for first-time entrepreneurs and MSMEs.
Compare Top Lender Offers for Business Loan
| Banks / NBFCs | Interest Rate | Loan Amount | Repayment Tenure | |
| WeRize | 16% p.a. to 22% p.a. | Rs. 50,000 to Rs. 25 lakh | 12 months to 36 months | Apply Now |
| Muthoot | 14% p.a. to 22% p.a. | Rs.50,000 to Rs. 3 lakh | 12 months to 24 months | Apply Now |
| Faircent | 14% p.a. to 21% p.a. | Rs. 50,000 to Rs. 10 lakh | 12 months to 36 months | Apply Now |
| Aditya Birla | 11.25% p.a. to 33.75% p.a. | Rs. 1 lakh to Rs. 15 lakh | 12 months to 60 months | Apply Now |
| Hero Fincorp | 18% to 26% p.a. | Rs. 50,000 to Rs. 5 lakh | 12 months to 36 months | Apply Now |
| Chola Finance | 14% p.a. to 21% p.a. | Rs. 30,000 to Rs. 20 lakh | 12 months to 60 months | Apply Now |
| Poonawalla Fincorp | 15% p.a. to 28% p.a. | Up to Rs. 50 lakh | Up to 3 years | Apply Now |
| FT Cash | 12% p.a. to 22% p.a. | Up to Rs. 50 lakh | Up to 3 years | Apply Now |
| NeoGrowth | 19% p.a. to 24% p.a. | Up to Rs. 75 lakh | Up to 7 years | Apply Now |
| FlexiLoans | 12% p.a. onwards | Up to Rs. 1 crore | 1 year to 5 years | Apply Now |
| LendingKart | 12% p.a. to 28% p.a. | Up to Rs. 1 crore | 12 months to 36 months | Apply Now |
| Ashv Finance | 18% p.a. to 21% p.a. | Up to Rs. 40 lakh | 12 months to 36 months | Apply Now |
| Aditya Birla | 14% p.a. onward | Up to Rs .15 lakh | 12 months to 36 months | Apply Now |
| Tata Capital | 16.50% to 19% p.a. | Up to Rs. 75 lakh | 12 months to 36 months | Apply Now |
ICICI Bank Business Loan Eligibility
Applicants generally need to satisfy the following conditions:
| Eligibility Criteria | Requirement |
| Age | 25 to 65 years |
| Business Vintage | Minimum 3 years of business operations |
| Profitability | Business should have a stable profit track record |
| Business Type | Proprietorship, Partnership, LLP, Private Limited Company, Manufacturer, Trader, Service Provider, Importer, Exporter |
| Credit Score | Good repayment history preferred (700+ recommended) |
Meeting the eligibility criteria does not guarantee loan approval. The bank evaluates each application individually based on internal credit assessment.
Documents Required
To apply for an ICICI Bank Business Loan, applicants generally need:
KYC Documents
- Aadhaar Card
- PAN Card
- Passport
- Driving Licence
- Voter ID
Business Proof
- GST Registration
- Shop & Establishment Certificate
- Udyam Registration
- Partnership Deed or Certificate of Incorporation
- Business Address Proof
Financial Documents
- Last 12 months’ business bank statements
- Income Tax Returns
- GST Returns
How to Apply for ICICI Bank Business Loan
Step 1: Visit the official ICICI Bank website.
Step 2: Navigate to the Business Loan section.
Step 3: Click on the Apply Now button.
Step 4: Enter your Name, Mobile number, Business details, Income information, and loan requirement
Step 5: Complete OTP verification.
Step 6: Upload the required documents.
Step 7: The bank evaluates your application and verifies your eligibility.
Step 8: If approved, the loan amount is credited to your registered bank account upon completion of the necessary formalities.
Why Choose ICICI Bank Business Loan?
- Loan amount up to ₹1 crore
- Secured and unsecured loan options
- Working capital and overdraft facilities
- Repayment tenure up to 7 years
- Digital application process
- Financing available for MSMEs, traders, manufacturers, and professionals
- Dedicated relationship support for eligible business customers
Also Read: Credit Guarantee Scheme for Startups (CGSS): ₹10 Crore Loan
Conclusion
An ICICI Bank Business Loan can be a practical financing solution for entrepreneurs looking to expand operations, improve cash flow, purchase equipment, or invest in business growth without pledging collateral.
With online application facilities, flexible repayment options, and funding available to eligible business owners, the bank offers a convenient borrowing experience. Before applying, compare interest rates, processing fees, repayment terms, and your repayment capacity to ensure the loan supports your long-term business goals while remaining affordable.