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
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Customer Reviews
    ICICI Bank SME Loans is Rated as "Great!" by 15234 Users

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    Overview about 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.

    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.

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  • ICICI Bank SME Loans Reviews

    • ICICI Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Due to some personal loan reasons I haven't got the personal loan from ICICI bank. The customer service was good with ICICI they gave better response in regards to my personal loan application. The rate of interest which they have offered was nominal.,
      Was this review helpful? 0
      , kannur
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have got the personal loan disbursement within 10 to 15days of time from ICICI bank. The customer service gave better response in regards to my personal loan. The rate of interst and the charges are nominal with ICICI bank,when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Below average service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank executive told that they can't approve the personal loan for the people who are working in the partnership firm,The policy need to be customer centric with ICICI bank. The customer service and their response was average with ICICI bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "High on ROI and charges"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with ICICI Bank and the process is perfect. The customer support is excellent as they did not delay in the process. The rate of interest was of 14% which was on the higher side. The processing charges are high as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I am a customer of ICICI bank , but my personal loan got rejected from ICICI because my salary haven't met their eligibility criteria , The customer service is good with ICICI bank.. The rate of interest is high when compared with other banks.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Bad Loan Process"
      0.5 0.5/5 "Unacceptable"
      I applied for BT of existing personal loan from another bank to ICICI bank and submitted all the documents and check. Then i got message saying i got personal loan approval of twice the amount i intend to take with more interest rate then existing loan and it was approved as fresh loan instead of BT from another bank which makes me to pay for the two loans at a time. I tried to contact the icici bank people and they ask me check with agents regarding the issue. and for the past one week the 3 agents phone are not reachable and when it gets connected one person is keep on telling its a wrong number, other person is informing me he is busy and ask me to call after 5-10 mins entire day. I want to cancel the loan and get back my documents and check
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Unhappy with the services "
      0.5 1.0/5 "Really Bad"
      ICICI Bank has not been responsive for my personal loan application. I have applied for one and there was a complete zero response. There were welcome call to check about my request or requirement. It has not been a good experience and I would not want to recommend them.
      Was this review helpful? 0
      , tandur
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Above average service"
      0.5 4.0/5 "Great!"
      The ICICI bank have sent me text message saying that I have got low credit score sop that was the reason I haven't got the loan from ICICI bank. The customer service with ICICI bank is good., The rate of interest is nominal when compared with others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      ICICI bank just took 2days to disburse my loan amount. The rate of interest is nominal with ICICI bank. The customer service is prompt with ICICI bank. The required loan amount was not disbursed by ICICI bank, I would say I am not satisfied with the loan amount.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response is good, but high on ROI"
      0.5 5.0/5 "Blown Away!"
      The response was very much prompt with ICICI Bank and the customer services was good. They contacted me on time to process the personal loan. But I did not take the loan finally as the rate of interest and processing charges was pretty high when compared to the other banks. It was around 16%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The ICICI bank interest rates are higher than normal so that was the reason I haven't got the loan from ICICI bank. The customer service was good with ICICI bank. They gave prompt response in regards to my personal loan application. I would suggest ICICI bank to lower down the interest rates to the customers those who are drawing the salary of below 30K.
      Was this review helpful? 0
      , madurai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      There was a response from ICICI bank for the personal loan. I had sent my documents online and after they checked my details. I was informed the process could not happen because my company was not listed with them. Not sure on the interest rate and fees.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have got a text message from ICICI saying that I am maintaining salaried Account with SBI, so they told they can't process my personal loan application. The customer service and the response need to be improved with ICICI bank.The customer service need to maintain more interaction with the customers.
      Was this review helpful? 0
      , kurnool
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Resposne part should be improved"
      0.5 1.0/5 "Really Bad"
      I have received only one call from ICICI bank fro the personal loan it was also disconnected while I was having conversation with their executive, but then there was no response from their end. It would be great, if they improve on the service part.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved in ICICI"
      0.5 3.0/5 "Satisfactory"
      I got a funds from other source hence there is no requirements to take personal loan from ICICI and also I haven't got any response from Bank end, but interm of interest rate ICICI is providing good interest rate its really quite good but I denied to go head.
      Was this review helpful? 0
      , rewa
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with ICICI Bank, the customer services and response was good. It was a quick job and the details was clear explained. I did not have the requirement anymore so I did not take the loan from them. Not sure on the interest rate and charges.
      Was this review helpful? 0
      , satara
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      ICICI Bank was quick to respond to me when I had applied for a personal loan. They kept contacting me on a regular basis and since I was not needing the loan anymore, I did not go ahead. The interest rate and processing charges was normal when compared to the other banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved"
      0.5 2.0/5 "Expected more"
      ICICI response is not up to the mark for the personal loan, when I approached the bank through online channel they never coordinated on the loan process even I tried reaching the bank directly two to three times but no response. I would like to suggest them to work on the service and response part.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Customer's friendly"
      0.5 4.0/5 "Great!"
      ICICI is very fast in the loan process, within 48 hours my loan got approved with nominal interest as per the market. I got my loan number but still my disbursement was not happen. I applied to online channel, I am very fine with the bank response.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 25, 2017
    • ICICI Bank Personal Loan
      "Unhappy with the services "
      0.5 1.0/5 "Really Bad"
      Though I am an existing customer of ICICI Bank. It was not a very good experience when I had applied with them for a personal loan. I got a call from them after a month to ask me if I am in need of a loan and I told them that I do not need it and asked them to cancel my application.
      Was this review helpful? 0
      , indore
      Reviewed on Sep 25, 2017
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