Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 ICICI Bank SME Loans
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    ICICI Bank SME Loans is Rated as "Great!" by 17089 Users

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    ICICI Bank SME Loans

    ICICI Bank is an Indian multinational banking and financial services organisation offering products and services across consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards and many others. It was founded in 1994 and is headquartered in Vadodara, Gujarat with corporate headquarters in Mumbai, Maharashtra.

    ICICI Bank is one of the Big Four banks of India and offers lucrative rates on its loan products. ICICI Bank has reduced its base rate following the repo rate cut and thus loans from ICICI are pretty good when compared to others in the bank. A lower base rate means lower interest rates, even for schemes meant for small scale industries and entrepreneurs.

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    Loans available under ICICI Bank SME Loans

    As of November 2015, ICICI offers traditional facilities for loans meant for small-scale industries and/or businesses. They are as follows

    1. Working Capital Finance – Working capital finance is provided through cash credit or overdraft facility and it helps in the day-to-day running of the business
    2. Export Credit & Letter of Credit – An Export Credit aids in financing pre-shipment and post shipment processes. A Letter of Credit is meant for aiding trading purposes
    3. Bank Guarantee – An undertaking or promise given by ICICI Bank to the clients, customers and/or partners of the small business that the small business or the trade initiated by the entrepreneur will always be meeting financial and performance obligations. Any shortcomings on the part of the business are aptly covered by ICICI bank
    4. Term Loan – ICICI Bank provides financing under this facility to small businesses in order to help them purchase business related assets and also in processes that can promote the growth of the business.

    Interest rates for any particular loan is entirely dependent on the discretion of ICICI Bank. However, as of November 2015, secured loan facilities have an interest rate up to Base Rate + 5.00% per annum, facilities backed by CGTMSE can have an interest rate up to Base Rate + 3.10% per annum and unsecured facilities can have a higher limit interest rate of Base Rate + 7.50% per annum. The Base Rate of ICICI Bank as of November 2015 is 9.70% per annum.

    Loan securities can be anything from residential, commercial, industrial properties to liquid securities. The loan tenures can be as high as 7 years and the eligible entities for availing these loans can be Sole Proprietorship Firms, Partnership Firms, Private limited Companies and Public limited Companies.

    The above schemes from ICICI Bank are applicable across India. The base rate of ICICI Bank as of November 2015 is slightly higher than government-owned banks. Based on the changes to the base rate, the individual rates of dependent loans might vary. ICICI might also make changes to the interest rates of the loans as per its discretion.

    ICICI Bank SME Loans Reviews

    • ICICI Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI bank 1 year back. I have taken 2.8 lakhs and the interest rate was very high . The tenure period was 4 years but i did pre closure . The chargers re very high for pre closuring the loan here but i had a smooth loan process . The documentation was quite smooth and hassle free.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 20, 2018
    • ICICI Bank Personal Loan
      "Process is nice"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank has also offered me a personal loan. The customer services and response is good and there are no hassles in the process. They also offered me a good rate of interest and the processing charges are nominal too. The after loan services are good too.
      Was this review helpful? 1
      , jaipur
      Reviewed on Sep 20, 2018
    • ICICI Bank Personal Loan
      "Very bad experience and still sufferring"
      0.5 0.5/5 "Unacceptable"
      Took BT and top up loan from icici in July 2018 but received DD for balance transfer in third week of August. When submitted the DD to the other bank it got rejected as authorised signature is missing on it. The sales manager is not answering my call. I have already raised the complaint with customer care after which I received the DD.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 19, 2018
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since one of my friend had suggested me about them. The process in getting this loan has been smooth and easy and the loan amount which they had provided also had been satisfactory. The interest rate with them has been nominal when compared with the market rate. Their customer support with them also had been responsive.
      Was this review helpful? 2
      , chennai
      Reviewed on Sep 19, 2018
    • ICICI Bank Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      ICICI Bank is also good in the personal loan process. The customer services and response is good and there has been no hassles in the process. They have offered a low rate of interest and processing charges. The loan was processed on time too.
      Was this review helpful? 3
      , vadodara
      Reviewed on Sep 18, 2018
    • ICICI Bank Personal Loan
      "POOR"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with ICICI BANK , initially they said they will charge 14% of interest rate but later they charge 16% so i am not happy . The processing fee is 5% and tenure period is 5year . Customer support and their response is not up to the mark . The services is not satisfactory .
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 17, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had taken this Personal loan almost ten years back and the tenure period which they had provided had been good as well. The loan amount which they had provided had been good and the interest rate also had been good as well, there has not been any hassle faced with their banking services.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 17, 2018
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since i was having my Salary account with ICICI and the process in getting the loan has been smooth and easy. The loan amount which they had provided also had been good. The interest rate with them has been nominal when compared with the market rate. Their customer support and their staff responses where good and the disbursal time also had been good with them.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 17, 2018
    • ICICI Bank Personal Loan
      "good service"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with ICICI BANK , there is processing fee with this bank and it is nominal in the market . Loan amount is up to the mark with this bank . They charged 14% rate of interest it is satisfactory and tenure period is 2year . Overall the services was good with this bank .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 17, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with ICICI bank and the experience was good, the process was smooth and i received my loan amount in 10 days. The loan amount was for Rs 70000 with the tenure period of 1 year. The rate of interest was nominal when compared to others. Customer service was good and they responded on time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 17, 2018
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI BANK , i have bitter experience with this bank , the customer support attitude not good with this bank . Initially they said 12.9% of interest rate but later they charge 14% so it is very disappointing part . Loan amount is 1.5 lakh and it is sufficient to me .
      Was this review helpful? 3
      , kolkata
      Reviewed on Sep 16, 2018
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with ICICI BANK , they charged 7000 of processing fee and it is nominal . The process of getting loan was so quick within few days i got my loan . The rate of interest is 15.5% , tenure period is 3 year .Loan amount is up to the mark . Customer support is good with this bank .
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 16, 2018
    • ICICI Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken my personal loan with ICICI bank . The service and response was good. The loan amount was 50,000 and the interest rate satisfactory . The tenure period was 3 years . I had no issues with the documentation here and everything was on line so its was convenient actually. The processing fee was nominal
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 12, 2018
    • ICICI Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken my personal loan with ICICI bank . The service and responses was good. The loan amount was 50,000 and the interest rate was satisfactory . The tenure period was 3 years . I had no issues with the documentation here and everything was on line so its was convenient actually. The processing fee was nominal.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 12, 2018
    • ICICI Bank Personal Loan
      "Falls below expectations"
      0.5 2.0/5 "Expected more"
      I have taken my personal loan with ICICI Bank. The loan amount was 2,51,000 but i have received 2,44,000. The interest rate was satisfactory The customer service and responses was up to the mark. The tenure period was 2 years here. The documentation was smooth and everything was on line
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Sep 12, 2018
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI bank . The loan amount was 1 lakh and the process was good. The interest rate is very satisfactory and the tenure period was 5 years . There is no issues faced . They said that its a paperless approval but i was asked to submit the documents.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 12, 2018
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I got my personal loan through ICICI BANK , the tenure period is 4years . The bank did not gave me preclosere option . Customer support is up to the mark , and the process of getting loan is quick . I pay EMI 3440 and they charge 5000 rs of processing fee which is too high .Rate of interest is 11.3% .
      Was this review helpful? 0
      , angul
      Reviewed on Sep 12, 2018
    • ICICI Bank Personal Loan
      "Not satified"
      0.5 1.0/5 "Really Bad"
      I have approached ICICI bank for my my personal loan .The loan amount was 6 lakhs and the interest rate was not satisfactory since the interest rate which showed on the web portal was different so i have refused taking the loan. I am not happy with the service and responses here,.
      Was this review helpful? 0
      , kakinada
      Reviewed on Sep 11, 2018
    • ICICI Bank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with ICICI Bank and the bank is good in the process. The customer services and response is good and there are no issues for me to get the loan. The rate of interest and processing charges are normal. The after loan process is also too good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 11, 2018
    • ICICI Bank Personal Loan
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      Last year I have taken a personal loan with ICICI Bank and the process is good and quick. There were no issues in this experience. The rate of interest was of 10.99% and I had to pay a processing fee and also insurance. They need to work on the charges.
      Was this review helpful? 0
      , salem
      Reviewed on Sep 11, 2018
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