Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 1 ICICI Bank Mudra Loan

    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    ICICI Bank Mudra Loan is Rated as "Great!" by 14769 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Overview about ICICI Mudra Loan

    The Government of India has set up the Micro Units Development & Refinance Agency Ltd. (MUDRA) to offer financing to non-corporate and non-farm segment income generating activities belonging to Micro and Small enterprises. These enterprises, having credit requirements below Rs. 10 lakhs can easily receive funding through this scheme.

    Features of ICICI Mudra Loan

    MUDRA Bank has announced three products under the Pradhan Mantri MUDRA Yojana (PMMY) scheme, namely, Shishu, Kishore and Tarun. These products can be availed according to the needs and growth of micro units.

    • Under Shishu, customers can get loans to up to Rs. 50,000.
    • The Kishore scheme offers loans for amounts above Rs. 50,000 and up to a maximum of Rs. 5 lakhs.
    • The Tarun scheme offers loans for amounts above Rs. 5 lakhs and up to a maximum of Rs. 10 lakhs.

    ICICI Bank customers can avail Mudra loans for three specific purposes in the form of a) Vehicle Loans, b) Business Installment Loans and c) Rural Business Credit (RBC) / Business Loans Group Loans (BLG).

    • Vehicle loans can be procured for purchasing cars, commercial vehicles and two-wheelers.
    • Business Installment Loans can be availed for purchasing plants and machinery, meeting working capital requirements, for renovation of offices and also for various other purposes.
    • Under Business Installment Loans and Rural Business Credit categories, ICICI Bank offers the Overdraft facility, Drop line overdraft and Working capital loans.
    Apply for Personal Loan

    Borrowers do not have to submit any security collaterals while availing Mudra Loans.

    Customers can contact the nearest ICICI Bank to get more details and then apply for a Mudra loan. ICICI Bank will approve Mudra loans according to the customer’s requirements.

    Eligibility criteria for ICICI Mudra Loan

    Non-Corporate Small Business Segments (NCSBS) consisting of partnership firms and proprietorships which have service sector units, small manufacturing units, truck operators, shopkeepers, repair shops, for-service units, fruits and vegetable vendors, small industries, machine operators, food processors and applicants from urban/rural areas can qualify for funding under the Mudra Loan scheme.

    Documentation Required for ICICI Bank Mudra Loan

    The following documents have to be submitted by applicants of an ICICI Mudra Loan -

    For Business Installment Loans

    1. Mudra application form
    2. Photo ID proof
    3. BIL application form
    4. Establishment proof
    5. Address proof
    6. Proof of business continuity
    7. Ownership proof of office or residence
    8. Bank statement for the last six months
    9. Trade references
    10. Proof of qualification

    For Vehicle Loans

    1. Mudra application form
    2. Photo ID proof
    3. Vehicle loan application form
    4. Passport size Photos - 2
    5. Income Proof
    6. Address Proof
    7. Bank statement for the last six months

    Rural Business Credit / Business Loans Group

    1. Mudra application form
    2. Age Proof
    3. Photo ID proof
    4. RBC/BIL application form
    5. Ownership proof of office or residence
    6. Bank statement for the last twelve months
    7. Business vintage proof

    Income tax return statements for the last two years

     Loading your search... Loading your search...
  • ICICI Bank Mudra Loan Reviews

    • ICICI Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The ICICI bank executives never gave any response in concern to my personal loan application. So that was the reason I haven't got the loan with ICICI bank. The customer service need to be improved with ICICI bank, The response part need to be focus with ICICI bank. The rate of interest is nominal with ICICI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Need Transparency and genuine Follow up"
      0.5 1.0/5 "Really Bad"
      I dropped the personal loan plan from ICICI bank ,because I got confused withh which person to go with. Because there was 2 follow ups made by the ICICI team. So this is the reason I haven't proceed with the ICICI bank personal loan., The customer support explained me the product in a good manner.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Nice Experience. High on ROI"
      0.5 4.5/5 "Excellent!"
      It was a quick process with ICICI Bank for the personal loan. I got the loan within a week. Just that the rate of interest was on the higher side. I got a rate of 13.99% and the processing charges was normal. The after loan services is so far so good.
      Was this review helpful? 0
      , madurai
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I Have asked ICICI executive to close my personal loan process at present because of some personal issues, and I am thinking to avail the loan after a month from ICICI bank. The ICICI bank has gave response in 3 days after giving requirement in their portal. The product explanation was good with ICICI bank.
      Was this review helpful? 0
      , kurnool
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I would say the ICICI bank can be considered a s a very good bank nowadays. I have asked them to close my personal loan application because there was no requirement of loan. The customer service is good from ICICI bank. The Infrastructure and the services is very good with ICICI bank. The rate of interest is high when compared with others.
      Was this review helpful? 0
      , kota
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      It was a pretty good service from ICICI bank for the personal loan. Actually this is my first experience for the loan process. The loan process completed in ten days of time the loan amount I have applied for 1.20 lakh and the processing fee they have charged is around 3000 rupees and tenured is for 4 years of time.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Excellent process & high charges"
      0.5 5.0/5 "Blown Away!"
      I am extremely happy with ICICI Bank for the good process I had for the personal loan. The documentation is normal and the disbursement was fast. A very nice experience overall all. The customer support is good and the interest rate and processing charges was a bit high.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Below Average service"
      0.5 1.0/5 "Really Bad"
      The ICICI bank has not fulfilled their promises., Initially they gave call and explained me about the product and they have promised me that they will send their executives to collect my documents , but no one turned up. I would say the service which was given was below average from ICICI bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      When I visited ICICI website to check about loan products, they promised time was some else but they have disbursed after ten days. I am not fine with the processing time it should be within time line. ICICI interest rate is also average it could be better, processing fee was also nominal as per the market.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I was informed that it is a paperless work. So I felt more comfortable and I applied for the personal loan. But the executive from ICICI bank, is unaware of the paperless process and they collected the documents from me so that thing was not good. Other than that, the rest of the process went good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      Documentation of ICICI is really good, I could reach ICICI immediately on my queries. ICICI have sanctioned the required amount with the least interest rate. My loan amount is 12 lakhs with tenure five years. I am very much happy with their service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Below Average service"
      0.5 2.0/5 "Expected more"
      I have asked the details of the product from ICICI bank executive, but they never gave any call to give the details about the loan, so then I have choose the other bank to go with my personal loan. The rate of interest is nominal with ICICI bank. I got a below average service from ICICI .
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      For me its easy to avail ICICI loan, because I am an existing customer of the bank. But documentation process was not good. One of the bank agent have done the mistake on principal amount, Instead of Rs.1 lakh, they mentioned as Rs.2 lakhs so process took four to five days for the disbursement. But ICICI rate of interest is nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Customer friendly"
      0.5 4.5/5 "Excellent!"
      Basically ICICI is quite faster , they have less loan formalities, they disbursed the amount very shortly with little paper works. Most of my information was with ICICI because I am an existing customer. Hence it was completed properly, I am fine with their service, even the interest rate is also nominal.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Needs Improvement"
      0.5 4.0/5 "Great!"
      The ICICI bank did proper response in concern to my personal loan application. The customer service and the response needs to be improved with ICICI bank. The rate of interest is nominal when compared with others. It would be great if they give proper response to their customers.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      ICICI Bank was good in the personal loan process and it was quickly done and it just took three to four days. At one go the documents was collected. The loan letter was sent to me on time. The whole process was a transparent deal and the bank was reasonable on the interest rate and charges.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      My personal loan from ICICI Bank was approved instantly. The process is excellent as I am an existing customer and the documentation is simple. I got the funds as needed and I also got a good deal on the interest rate and processing charges. A great experience in all.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "No response from ICICI"
      0.5 3.0/5 "Satisfactory"
      No news from ICICI after placing my request with them. When I approached ICICI bank for the personal loan they called me and they verified my documents after that there was no response from them. I called them up to know the status but they failed to respond. Finally I ignored that application completely . My suggestion for them would be they should followup with their customer in order to retain them.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan got disbursed form ICICI bank within 4 days of time. The customer service is good with ICICI bank. The rate of interest and the charges are very high when compared with others. The required loan amount has been disbursed and I am satisfied with the service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 16, 2017
    • ICICI Bank Personal Loan
      "Term and condition should be flexible to all"
      0.5 1.0/5 "Really Bad"
      There was out going loan running with Bajaj finserv because they charged me high rate of interest. So I thought to go with balance transfer with ICICI but they closed the application because they not ready to transfer entire amount. Even I do have salary account with ICICI but they didn't consider it.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 16, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.