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 17233 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.

    Apply for Personal Loan

    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 5.0/5 "Blown Away!"
      I have been holding my personal loan with ICICI bank recently,The loan amount they have given me was not sufficient they have deducted 10,000 and i asked for top up they said after 6 months only now i am not eligible to take top up loan and the rate of interest and processing fee was nominal and i took this loan for 5 years , there was delay in getting my loan due to dussera holiday but i got loan after my follow ups from the bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 15, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with ICICI bank recently, the loan amount they have given me was up to 3,00,000 it was sufficient for me and the rate of interest which they have charge me is nominal and processing fee they have charged up to 4000 which was nominal for me and i took this loan for 4 years and i have already refer to my friends they have also applied for this bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been holding my personal loan with ICICI bank recently, the loan amount was sufficient for me, the rate of interest they have charged me was nominal they have charged up to 11.25% and processing fee they have charged me but i dont have proper information how much they have charged and there was no problem in documentation part , overall service was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been holding my personal loan with ICICI bank recently, the loan amount was sufficient for me, the rate of interest they have charged me was high they have charged up to 15.5% and processing fee they have charged me up to 2500 plus gst and there service was okay, i face some difficulty in documentation part and there service is not up to the mark.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have been holding my personal loan with ICICI bank recently, the loan amount was sufficient for me, the rate of interest they have charged me was bit high they have charged up to 15.5% and processing fee they have charged me was 4% that is 5000 it was bit high in other bank processing fee is 4000 and there customer service is very co-operative.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with ICICI BANK , where i have applied for the loan previously and using it from past few months. I am satisfied with the services of this bank because they done the process very quick . The tenure period is 5year . Rate of interest charged by them is nominal .
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with ICICI bank recently, the loan amount they have given me was sufficient it was more than my expectation they have given me and the rate of interest they have charged me up to 18% it is quite high and they processing fee they have charge me up to 9000 it is nominal and documentation part went smoothly, till now service was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have been applied for ICICI bank personal loan recently, the loan amount which they have given me was sufficient they have given me up to 1,32,000 and the rate of interest they have charged me was up to 15.75% it is too high and there processing fee they have charged me was nominal but they had forcefully ask me to take insurance from this bank loan i need to give 4000 like my loan amount was approved up to 1,40,000 they deduct 4000 as insurance even in documentation part i had face lot of problem.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with ICICI bank recently, the loan amount they have given me was sufficient how much i had expected they have given me and there rate of interest they have charged me was nominal and there processing fee was nominal only there was no delay in loan amount and the documentation part went smoothly.
      Was this review helpful? 0
      , dariba
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with ICICI bank recently, the loan amount they have given me was not sufficient i was expecting more, they have given me and the rate of interest they have charge was nominal and they processing fee they have charge me was nominal and documentation part went smoothly, till now service was good.
      Was this review helpful? 0
      , gandhidham
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with ICICI bank recently, the loan amount they have given me was not sufficient , they have given me up to 1,00,000 i had expected more and the rate of interest they have charged me up to 15.7% it is nominal and they processing fee they have charge me up to 3000 it is little high and there was a bit delay in the loan.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with ICICI bank recently, the loan amount they have given me was sufficient how much i had expected i got and the rate of interest they have charged me up to 15% it is nominal and they processing fee they have charge me up to 5000 it is nominal for me and there was 1 delay in getting my loan but was okay i got it and there overall service is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It was a good experience i had with this loan where the loan amount which they had provided has been satisfactory as well. The interest rate has been around 14% which has been nominal when compared with the market rate and their customer support has been helpful during the process.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Good in Need"
      0.5 4.0/5 "Great!"
      I have salary account with ICICI. The point where i was impressed with ICICI , i was in a need of personal loan and i had applied with ICICI, they processed my application in a minute.Wow, it was wonderful to experience, when banks understands your need and be loyal to you , you start treating them the same. I pay my payments before time and i hold a good reputation with Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since i already was having a loan experience with them and i was a previous employee of them. The process in getting this loan has been easy and it took just 3-4 days, the loan amount which they had provided has been satisfactory. The interest rate with them has been nice and the processing fee has been nominal.
      Was this review helpful? 0
      , erode
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with ICICI BANK , I am satisfied with the services of this bank because they done the process very quick to get the loan also the rate of interest were nominal with this bank . They charge fine processing fee . So far it has been good experience .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 13, 2018
    • ICICI Bank Personal Loan
      "Good experience with ICICI"
      0.5 4.0/5 "Great!"
      I have received the loan amount on time. I have applying the loan amount of Rs. 3 lakhs and they have provided the loan amount of Rs. 2.5 lakhs. I have called the customer care service regarding this and they have said according to the salary slip they have reduced the loan amount. They have offered me a interest rate of 11.9% and i'm okay with it. Since i was in hurry, i have not compared the other bank interest rates. The communication should be appropriate to the customers.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 13, 2018
    • ICICI Bank Personal Loan
      "Ontime loan experience"
      0.5 4.0/5 "Great!"
      At the time applying the loan ICICI was providing the low interest rates hence i have selected ICICI for my personal loan. I have received the loan on time. I have been applying the loan value of Rs. 6 lakhs and the interest rate was 13.75% and I'm okay with it. They have given me a 9 lakhs with a lesser interest according to my eligibility. This is a first personal loan which i'm applying hence I'm not sure about the processing fee.
      Was this review helpful? 1
      , virudhunagar
      Reviewed on Nov 13, 2018
    • ICICI Bank Personal Loan
      "Good Experience with ICICI"
      0.5 5.0/5 "Blown Away!"
      Since i'm a existing customer of ICICI, i have taken a personal with ICICI. I have applied the personal loan of Rs. 75K and they have provided the tenure period of 3 years but i have asked only for 1 year. There is a pre-closure option is available. They have offered me a interest rate of 13% and i'm glad about it. I got this loan for my business purpose and they have charged me Rs. 2000 as a processing fee.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 13, 2018
    • ICICI Bank Personal Loan
      "Interest rate is high and the service is low"
      0.5 2.0/5 "Expected more"
      They have delayed for sanctioning the loan. They have given the loan after 20 days and there is no proper response from the ICICI bank side. They have given me a interest rate of 11.99% and i had to go with the ICICI because of the guidance. They have charged me a processing fee of Rs. 1500. The experience which i faced was not good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 13, 2018
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