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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.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    ICICI Bank SME Loans is Rated as "Great!" by 16802 Users

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    ICICI Bank SME Loans

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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.

    ICICI Bank SME Loans Reviews

    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with ICICI bank and my loan experience was good, the loan amount was based on my requirements and the rate of interest was nominal when compared to other banks. Customer service was good, they responded on time and the tenure period of this loan is 3 years.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 24, 2018
    • ICICI Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with ICICI bank 1 year back. The loan amount was 4 lakhs and the interest rate was 13% which is very high . The tenure period was 45 months. The process was very good and hassle free .The customer service and responses was not good . Here the charges are very high and there is no processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2018
    • ICICI Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      It was a good experience with ICICI bank and the staff is very cooperative for the personal loan. The rate of interest is around 14.99% it is a fair rate when compared to the banks in the market. The processing fee is also okay but it should be made lesser.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on May 24, 2018
    • ICICI Bank Personal Loan
      "Satisfied with the services"
      0.5 4.5/5 "Excellent!"
      It was a good experience with ICICI Bank for the personal loan. It has been one month now. Since the auto debit option was not active, I had to make the EMI payment. The process of document collection was done on time and the disbursed amount was as needed. The rate of interest is around 11% and the processing fee was waived off.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • ICICI Bank Personal Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      The process was good with ICICI Bank for the personal loan and they collected the documents on time and it was taken at my place. The rate of interest is around 10.99% which is okay for me and the processing fees is also nominal. The loan disbursed was as needed with the tenure for five years.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from ICICI bank and the loan experience was good, the loan amount was for Rs 3 lakhs with nominal interest rate when compared to all other banks. The tenure period for this loan is 4 years and there are no preclosure charges for this loan.
      Was this review helpful? 0
      , secunderabad
      Reviewed on May 22, 2018
    • ICICI Bank Personal Loan
      "Good. Can do better on the rates"
      0.5 5.0/5 "Blown Away!"
      The process is good with ICICI Bank and I received the personal loan in one month. The documents were collected on time and the disbursement was as per my need. The rate of interest is of 14% and the processing fees is of 2600 which is on the higher side.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2018
    • ICICI Bank Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      The process was very good and smooth with ICICI Bank and I got the personal loan in less than a week. The rate of interest is around 15% and the processing fees was of 2500, which is on the higher side when compared to the other banks. The customer services and response is excellent, the guy came and guided me in the whole process.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 22, 2018
    • ICICI Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience was good with ICICI bank, the loan amount was for Rs 1.5 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. The tenure period for this loan is 3 years and the customer service was good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 21, 2018
    • ICICI Bank Personal Loan
      "High Processing Fee"
      0.5 3.5/5 "Pretty good"
      I have taken a person loan from ICICI. I have taken a loan 7 months ago. Since i have a salary account with ICICI, they did not ask for much documents. It took 10 days to get a loan from ICICI Bank. They offering a interest rate of 16.42%. Total tenure of the loan is 2 years. I'm paying the EMI of Rs. 5300. I have taken loan amount of Rs. 1.5 Lakhs. Processing fee is high when compared to other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The personal loan process was good from the ICICI bank but the rate of interest and the charges were quite high and they haven't gave me any chance to negotiate. They took around 3 weeks time to disburse the loan amount. The rate of interest and the charges need to be reduced.
      Was this review helpful? 0
      , hosur
      Reviewed on May 21, 2018
    • ICICI Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with ICICI bank few months back. The loan amount was 4 lakhs and the interest rate was 10.99%n which is satisfactory . The customer service and responses was very good,. The process was bit lengthy and they have take much time. They have provided door step service for collecting documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got the personal loan amount within a week time. The customer support service and the response is very good from the ICICI bank. The rate of interest and the charges are average with the ICICI bank when compared with others. The loan amount was low with the ICICI bank .
      Was this review helpful? 0
      , mettur
      Reviewed on May 18, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The ICICI bank support was god in regards to my personal loan application and I have got the loan amount within 10days of time. The customer support service and the response is good from the ICICI bank. The rate of interest was quite high with the ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with ICICI bank, the loan amount was for Rs 2.5 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. Customer service was good and the tenure for this loan is 4 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2018
    • ICICI Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached ICICI bank for my personal loan . I gave all my details later they said that they are not providing loans for employees and rejected my application. The loan amount was 2.5 lakhs and the interest rate was 15.99% . I am not happy with the customer service and responses .
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on May 17, 2018
    • ICICI Bank Personal Loan
      "good Expereince "
      0.5 5.0/5 "Blown Away!"
      I took a personal loan for 2 lacs from the ICICI bank. The loan was disbursed with in a week, the interest rate was 13% which was not so high. The whole application process was simple and the EMI gets reflected in my credit card outstanding. Overall It was good experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 17, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      The rate of interest and the charges are bit high with the ICICI bank personal loan services. The fore closure charges were high with the ICICI bank and they are collecting up to 5% . The customer support service and the response is good from the ICICI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 16, 2018
    • ICICI Bank Personal Loan
      "No partpayment for personal loan"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from ICICI bank and the disbursed loan amount was 7.52 lakhs. The rate of interest was 11.29%. The monthly emi is 8500 for tenure of 5years.There was a no processing fee. Pre closure facility is there but they don't have the option of part payment, for that i am not satisfied with ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2018
    • ICICI Bank Personal Loan
      "Quick Service"
      0.5 4.5/5 "Excellent!"
      I took a personal loan for 2 Lacs from ICICI. They offered the personal loan at an interest rate of 14%. The application process was really easy and hassle free. I never had any issues with their services. Overall it was a good experience taking loan from ICICI
      Was this review helpful? 0
      , new delhi
      Reviewed on May 16, 2018
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