ICICI Bank MSME Loan
About This Loan
ICICI Bank offers a comprehensive range of MSME loan products including business loans, machinery loans, working capital lines of credit, and trade finance for import-export businesses. Known for quick digital processing with loans up to 2 crore rupees, ICICI is one of the most active private sector banks in MSME lending. The bank offers both secured and unsecured options with competitive rates for businesses with good credit history (CIBIL 750+). Specialised products include professional loans for doctors, chartered accountants, and architects, along with sector-specific credit lines for pharma, textiles, and auto components. ICICI's InstaBIZ mobile app supports end-to-end digital loan processing for smaller tickets, reducing sanctioning time to as little as 24 to 72 hours.
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.