ICICI Bank MSME Loan
About This Loan
ICICI Bank offers a range of MSME loan products including business loans, machinery loans, working capital, and trade finance. Known for quick digital processing with loans up to ₹2 crore. Offers both secured and unsecured options with competitive rates for businesses with good credit history.
Maximum Amount
₹2,00,00,000
Interest Rate
11% – 20% p.a. (varies by product and profile)
Tenure
Up to 5 years (term loan), 12 months (working capital)
Collateral
Unsecured up to ₹50 lakh (profile-based); CGTMSE cover available
Processing Fee
1% – 2% of loan amount
Eligibility
Registered MSME with minimum 3 years vintage; turnover above ₹1 crore for larger loans; satisfactory CIBIL score (750+).
Application Process
- 1Apply online at icicibank.com or visit a branch
- 2Submit required documents
- 3ICICI evaluates credit profile and business fundamentals
- 4Loan sanctioned within 5-10 working days
Documents Required
- KYC documents
- Udyam Registration certificate
- Last 2-3 years ITR and financials
- Bank statements (12 months)
- GST returns
- Business registration documents
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.