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 option available
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    Customer Reviews

    ICICI Bank SME Loans is Rated as "Great!" by 14857 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
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied personal loan with 2 different banks, so I got loan approved with YES bank so that was the reason I haven't opted the personal loan with ICICI ,. The customer service with ICICI is good. The personal process with ICICI is very good. The interest rate offered with ICICI bank was the reasonable as per the market rate.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Below Average Service"
      0.5 2.0/5 "Expected more"
      The ICICI executives has not gave proper response in regards to my personal loan application so that was the reason I haven't opted the loan from ICICI bank. The response need to be improved with ICICI bank. The ICICI bank need improvement in their customer service and in their process.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      service part was really really good and helpfull for me and even the executives were resposible in processing my request but the only problem i faced with ICICI personal loan was their intrest rate was really high compare to others which was an disappointment for me
      Was this review helpful? 0
      , kolhapur
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      Due to the personal reasons I have asked ICIC bank to cancel my persona loan application. The customer service and the ICIC bank personal loan process was good. The interest rate which was offered by ICICI bank was nominal . I am satisfied with the ICICI bank service.
      Was this review helpful? 0
      , sikar
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Response need to be improved "
      0.5 1.0/5 "Really Bad"
      The ICICI bank response was not satisfactory. Most of the response was not up to the mark from ICICI . The ICICI executive was not not aware of the loan details . The response was the reason I haven't got the loan from ICICI bank. The response part need to be improved with ICICI bank rather the response need to be professional in future with ICICI bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Interest rate should be competitive"
      0.5 3.0/5 "Satisfactory"
      ICICI didn't give best interest, they offered me 14.75%, it is not competitive but I was looking the interest rate around 13% on personal loan. Even I requested the bank to reduce the rate but were not in a position to reduce it. Service wise its good and satisfied.
      Was this review helpful? 0
      , bhandara
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      Currently I have dropped the plan to avail personal loan, because I would like to take home loan from same bank. ICICI response was good on personal loan request. They have called me and confirmed my requirement. But interest rate was higher side for personal loan.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "ICICI Bank should understand the customer's need"
      0.5 2.0/5 "Expected more"
      My net salary was around Rs.18,000 based on the salary norms, ICICI did not approve my personal loan. I really need loan at this point of time, if they would have provide loan for affordable principal amount it would have been better but ICICI was totally rejected my application. I am very disappointed with their service.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      When I applied for a loan executive from ICICI bank contacted me for verification and they said that the wont provide loan without having account with ICICI, apart from that the service was very good from ICICI
      Was this review helpful? 0
      , pondicherry
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Not good service"
      0.5 1.0/5 "Really Bad"
      I dont know when my application got closed. Lon application got closed before two months but till now I had not received a call from ICICI bank. The told me that my documents are not enough and did no suggest me with any other alternative solution. From their side ICICI closed my loan application with out giving any information and at the end they said they wont provide loan for customer who does not hold an account with ICICI.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Good banking"
      0.5 4.0/5 "Great!"
      My application got closed because i was out of station when person from ICICI came to collect documents, Rather that I am very much happy with the rate of interest provided by ICICI bank. Customer service was good they follow up was very good
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Not good service"
      0.5 3.0/5 "Satisfactory"
      Actually when I applied for the loan people from ICICI bank called to get all the required information, they asked how much loan I want. I asked them loan amount five lakhs they said that they will give a call back with in two days, till now I dint receive a call yet from ICICI bank till date. I am very much disappointed with ICICI customer service.
      Was this review helpful? 0
      , guntur
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have asked the ICICI bank executive to cancel my personal loan process , because I am holding HDFC bank personal loan which is running at present, so this was the reason I have cancelled my persona loan with ICICI bank. The customer service was good with ICICI .
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "ROI is high and services are good"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with ICICI Bank for the personal loan, as I received the funds on time and as expected. The interest rate was on the higher side. I got a rate of around 14% and the processing charges was high too. The tenure is for five years, it would have been better if it was a lesser tenure period.
      Was this review helpful? 0
      , shimla
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Need to decrease the Interest rate in future."
      0.5 3.0/5 "Satisfactory"
      The Rate of interest which was offered by ICICI bank was high when compared with others. I have stopped the process because of the Interest rate which they have offered. The rate of interest needs to be reduced with ICICI in future, so that the personal loan process can move smooth with ICICI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 2.5/5 "Just OK"
      My loan was rejected from ICICI because of credit score, I have checked my score, hope its not upto the mark. But I didn't any alternate option or suggestion from Bank. I am fine with the initial process when called and spoke but when they came to know my loan was not possible they didn't contact me.
      Was this review helpful? 0
      , amravati
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am really happy as icici as offered me a personal loan the entire process was very simple documentation procedure was easy, no special offers or schemes they have given to me but what ever I asked they have given especially loan amount and interest rate the loan amount I have opted is around 1.5 lakhs and the rate of interest they have offered me around is 15.99% and the loan got disbursed with 6 days of time.
      Was this review helpful? 0
      , surat
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      The ICICI executive told that my salary haven't met their eligibility criteria in concern to my personal loan application. The ICICI bank customer service was very good. The gave good response . The interest rate and the charges are very high when compared with other banks.
      Was this review helpful? 0
      , thrissur
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      ICICI bank has offered me high Interest rate in my personal loan when compared with HDFC bank, so that was the reason I haven't got the loan from ICICI bank. Other than that the process with ICICI bank was good. The customer service and the ICICI bank executive gave good response in regards to my personal loan application.
      Was this review helpful? 0
      , ankleshwar
      Reviewed on Aug 22, 2017
    • ICICI Bank Personal Loan
      "Average"
      0.5 2.5/5 "Just OK"
      Executive from the ICICI bank contacted me and confirmed that I have not met their terms and conditions, so I did not go ahead with them. Customer service provided by them is a good one with the ICICI bank like wise they have contacted me on an immediate basis.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 22, 2017
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