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
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    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    ICICI Bank SME Loans is Rated as "Great!" by 17404 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.

    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
      "Unhappy with the services"
      0.5 2.0/5 "Expected more"
      I had taken a personal loan with ICICI Bank and the experience has not been up to the mark. They are not flexible in the interest rate and tenure. They need to improve on the services and be more supportive to the customer needs. I would not recommend the bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2019
    • ICICI Bank Personal Loan
      "High on ROI and charges"
      0.5 4.0/5 "Great!"
      ICICI Bank is overall good in the response. I had applied for a personal loan and they contacted me on time and informed me the necessary details.The interest rate and charges is on the higher side. They need to work on that sector as they are higher when compared to the other banks.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 13, 2019
    • ICICI Bank Personal Loan
      "Interest rate and charging fee should be reduced"
      0.5 4.0/5 "Great!"
      The processing is very high in ICICI personal loan, I took the loan amount of Rs. 4 lakhs again I have taken new loan of Rs. 1.5 lakh then they have combined and showed the principal as Rs. 6 lakhs its not fine for me, first installment started from yesterday and the interest and charges are high.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jan 11, 2019
    • ICICI Bank Personal Loan
      "High interest rates"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with ICICI bank and there was a quick processing. The interest rates are bit high , its somewhere around 15%. I had taken loan in 2014 and recently i had done top up on that. Apart from the interest rates i am happy with the services.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 11, 2019
    • ICICI Bank Personal Loan
      "Its Good Experience"
      0.5 4.0/5 "Great!"
      For my personal loan ICICI bank have quoted me the rate of interest around 9% its higher compared to other banks.. The loan amount is sufficient, the paper process was happened on time, they have collected the documents and sanctioned it on time.
      Was this review helpful? 3
      , meerut
      Reviewed on Jan 10, 2019
    • ICICI Bank Personal Loan
      "Need improvement on overall service"
      0.5 3.5/5 "Pretty good"
      Initially they told me my loan eligibility was around Rs. 4 lakhs but finally they approved only Rs.2 lakhs and there is no proper communication from the customer service. They have taken the time around 30 days to disbursement the loan amount.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 10, 2019
    • ICICI Bank Personal Loan
      "Processing should be reduced"
      0.5 4.0/5 "Great!"
      In my personal loan, ICICI bank have taken the processing fee around 1.5% from the disbursement amount. I have taken the principal amount of Rs. 3.25 lakhs, totally Rs.2.90 got credited because they taken insurance fee and processing fee. However I got the door step service from their end.
      Was this review helpful? 1
      , bokaro
      Reviewed on Jan 10, 2019
    • ICICI Bank Personal Loan
      "Should provide flexible interest"
      0.5 4.5/5 "Excellent!"
      ICICI gave me the higher interest rate, they quoted the rate around 15% for 4 lakhs it has the tenure period of 60 months. The documentation was very easy, they have released the loan within 15 to 20 days between there was 4 days of diwali holidays. It would be great if they reduce the interest as per the market.
      Was this review helpful? 0
      , dandeli
      Reviewed on Jan 10, 2019
    • ICICI Bank Personal Loan
      "Really Awesome"
      0.5 5.0/5 "Blown Away!"
      It was a very great bank within two minutes they disbursed the loan. They have sanctioned the loan amount to my account. I applied the loan through I mobile application, the interest rate is 12.7% as compared to other bank its okay because HDFC is charging higher than ICICI.
      Was this review helpful? 0
      , yamuna nagar
      Reviewed on Jan 10, 2019
    • ICICI Bank Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank has offered me a personal loan and the process to get the loan is good. The customer support and response is fine and there are no hassles. The interest rate and processing charges is normal. The after loan services are also satisfactory.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 10, 2019
    • ICICI Bank Personal Loan
      "Good to bank with ICICI"
      0.5 4.0/5 "Great!"
      1 year ago, i have applied the personal loan with ICICI and the service has been good. I have applied the top up also and I'm not sure about it. They have charged me a processing fee of Rs. 7000+insurance of Rs. 1000 hence charges are quite high. Their customer care service is really nice. I have given the documents once again for the top up.
      Was this review helpful? 2
      , bhubaneshwar
      Reviewed on Jan 09, 2019
    • ICICI Bank Personal Loan
      "ROI and charges are high"
      0.5 4.0/5 "Great!"
      The process to get the personal loan from ICICI Bank is good. They contacted me on time and the documentation was on time too. The customer support and response is good. I receive the loan as well as needed. But they need to work on the interest rate and processing charges. It is much higher than the other banks.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 09, 2019
    • ICICI Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with ICICI bank for personal loan, the process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. Tenure peirod for this loan is 4 years and they charge 4% as preclosure charges.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 08, 2019
    • ICICI Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience in getting this personal loan from them has been quite good. The process did not took much time and the loan amount which they had provided has been sufficient, even the interest rate with them has been nominal when compared with the market rate and there has been charges like processing fee which they had charged.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 08, 2019
    • ICICI Bank Personal Loan
      "I will not prefer this loan"
      0.5 2.0/5 "Expected more"
      Since the interest rates are high with ICICI, i have done the pre-closure before the tenure period. They have given me a interest rate of 15% and processing fee is 2%. More than 1 year also, they will charge a higher pre-closure charges. They have sanctioned the loan on time.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 08, 2019
    • ICICI Bank Personal Loan
      "Need transparency in the process"
      0.5 2.0/5 "Expected more"
      Earlier I had ICICI loan, I felt the service is good but the response is not upto the mark. While I was approaching they told some interest rate, at the time of the disbursement they were quoted some interest rate. I am not happy with them on the interest part.
      Was this review helpful? 1
      , nagpur
      Reviewed on Jan 08, 2019
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It was a good experience i had with this loan and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal and the processing fee has been nominal with them. There has not been any issues faced with the services which they had provided.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 07, 2019
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      It was quite a good experience i had with this loan and the loan amount which they had provided has been sufficient. The interest rate with them has been nominal and there has been some processing fee and charges with them. There has been some insurance amount which was deducted as well.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Jan 07, 2019
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am using ICICI bank credit card around three years, but didn't disclose the offers on the card. They give some offers at shopping, billing and also other transactions. The payment gateway is simple to make the credit card payment through online.
      Was this review helpful? 2
      , gaya
      Reviewed on Jan 07, 2019
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using personal loan with ICICI bank from past five years, the loan amount they have given me is sufficient, and the rate of interest they have charged me up to 11.25% which was nominal for me and the processing fee they have charged me was nominal,and the tenure period they have given me up to 5 years, now it is going to close,overall service is good.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 07, 2019
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