Multiple banks. Different interest rates. Call it a "conflict of interest".
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. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
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    Customer Reviews
    ICICI Bank SME Loans is Rated as "Great!" by 16490 Users
    Personal Loan BYTES FROM OUR KITCHEN

    ICICI Bank SME Loans

    Apply for Personal Loan

    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.

    ICICI Bank SME Loans Reviews

    • ICICI Bank Personal Loan
      "Need to Improve"
      0.5 1.0/5 "Really Bad"
      I have my personal loan with ICICI bank. The loan amount was 2.27 lakhs and the interest rate was 15% which is average in the market . The tenure period was 4 years . The loan process was smooth but the processing fee was very high so I am but disappointed here . My overall experience was not up to the mark.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with ICICI bank. The loan amount was 3.7 lakhs and the Interest rate was 11.5% which is average in the market. The tenure was 5 years. They have provided door step service for collect9nmg document. My overall experience was good and its recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The customer support was good with the ICICI bank and they have disbursed the loan amount within 10 days of time. The promises need to be fulfilled by ICICI bank when it comes to interest rate. The rate of interest and the charges are quite high when compared with others.
      Was this review helpful? 0
      , khammam
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The personal loan process took so much of time. The promises haven't haven't fulfilled by ICICI bank. Even though the loan was pre approved they were asked me to submit ht documents. The required loan amount has been given and I am satisfied with it. The rate of interest is average and I am fine with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank personal loan service was good. They took around 10 days of time to disburse my loan amount. The customer support service is good with the ICICI bank. They gave me better response in regards to my personal loan service. I have applied for the loan amount of Rs,12,00,000 but I have got only Rs,5,00,000. The rate of interest is high with the ICICI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had the personal loan with the ICICI bank and the interest rate was around 11% to 12%. I would like to say that the disbursement took around a week of time. Responsiveness is very good one with the ICICI bank and am really happy with them till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with ICICI bank. The loan amount was 3.7 lakhs and the Interest rate was 11.5% which is average in the market. The tenure period was 5 years. They have provided door step service for collecing document. My overall experience was good and its recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Customer service is good one with the ICICI bank personal loan. I have not received any conformation from them in the hard copy. I would like to say that the rate of interest is around 14% ,which was later decision prior as 12%. Finally, they have increased their interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Customer service is good one with the ICICI bank personal loan. I have not received any conformation from them in the hard copy. I would like to say that the rate of interest is around 14% ,which was later decision prior as 12%. Finally, they have increased their interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Need improvement in disbursement"
      0.5 2.0/5 "Expected more"
      The ICICI bank took around 9 to 10 days of time to disburse the personal loan amount. The required loan amount has been given and I am satisfied with the loan amount. The rate of interest is average with ICICI bank when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Need to Improve"
      0.5 2.0/5 "Expected more"
      I have my Personal loan with ICICI bank. The loan amount was 1 lakh and the Interest rate was 11-12% which is average in the market. Here there are no proper responses and the tenure period was 3 years. The loan process was bit hard since they have delayed a month for processing so I am a bit disappointed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      It was the good experience with the ICICI bank and the interest rate was around 14.23%. I would like to say that the customer service is good one for me. Response is also fine one for me with them and I have not faced any issues with them till now.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI bank. I had a very good loan process here. The loan process was good the loan amount what they had requested was for 4 lakhs and the Interest rate was satisfactory. The tenure period was 4 years.Here the loan process was good and the processing fee was higher than other banks in the market. My overall experience was good and this bank is very much recommendable.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI bank. I had a very good loan process here. The loan process was 4 lakhs and the Interest rate was satisfactory. The tenure period was 4 years.Here the loan process was good and the processing fee was high than other banks in the market. My overall experience was good and this bank is very much recommendable.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with ICICI bank. The process was really good and the loan amount was70,000 . The Interest rate was 15.99% which is bit high than other banks in the market. The tenure period was 2 years . The processing fee was nominal and the pre closer is after 6 months . MY overall experience was good and its recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • ICICI Bank Personal Loan
      "Not good Not bad"
      0.5 3.5/5 "Pretty good"
      I have my card loan with ICICI bank. The loan amount was 1.80,000 and the Interest rate was 10.49% which is average in the market. The tenure period was 3 years. I am not satifeid with the customer service and responses here . I felt that there are some hidden charges. They have taken much time for the process also. They have provided door step service for collecting document here .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2018
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      Customer service is good one with the ICICI bank for the personal loan. Rate of interest was around 16.99% and the response is better one with them. It took around nineteen days of time to get the loan amount from the date, when I have applied.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jan 18, 2018
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was very good experience that I had with ICICI bank for the personal loan, which I have got. I would like to say that the rate of interest was around 14.99% for the personal loan. The loan amount got disbursed within five to seven working days of time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 18, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest was quite high with the ICICI bank personal loan services. The loan process took around 10days of time. The customer support and the response was good with the ICICI bank. The required loan amount has been disbursed and I am satisfied with it. The personal loan process need to be transparent from ICICI bank.
      Was this review helpful? 0
      , salem
      Reviewed on Jan 18, 2018
    • ICICI Bank Personal Loan
      "Average"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with ICICI Bank on my personal loan. They offered a interest rate of 16% which was not satisfactory. I have taken 3L with tenure period of 5 years. The documents are collected by the executive at doorstep. The customer service and response was average.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 18, 2018
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