Private Sector BankWorking Capital Facility (CC / OD)Small Enterprise (Investment ≤ ₹10 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

ICICI Bank GST-Backed Business Overdraft

Primary Lending Institution:ICICI Bank Ltd.

₹10 Lakh to ₹5 Crore MSME credit at 9.00% – 11.50% with Up to 12 months tenure.

Interest Rate9.00% – 11.50%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹10 Lakh to ₹5 CroreBased on turnover & project cost

Repayment TenureUp to 12 monthsWith moratorium where applicable

Collateral SecurityRequires minimum 12 months regular GSTR-3B filings without tax arrears.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires minimum 12 months regular GSTR-3B filings without tax arrears.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is ICICI Bank GST-Backed Business Overdraft?

Working capital overdraft limit assessed seamlessly from customer's GST returns data without physical financial statement audits.

Key Benefits & Features

Sanctioned based on GST return cash flow; up to 25% of annual turnover; revolving credit facility.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Registered GST entities with annual turnover exceeding ₹50 Lakh.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹50.0 Lakh

Processing Fee0.75% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://www.icicibank.com/business-banking/loans/gst-business-loan with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for ICICI Bank GST-Backed Business Overdraft?

Borrowers can avail ₹10 Lakh to ₹5 Crore with a repayment tenure of Up to 12 months.

What are the processing charges and collateral terms for ICICI Bank GST-Backed Business Overdraft?

The processing fee is 0.75% + GST. Collateral terms: Requires minimum 12 months regular GSTR-3B filings without tax arrears.

What are the eligibility criteria for ICICI Bank GST-Backed Business Overdraft?

Registered GST entities with annual turnover exceeding ₹50 Lakh. Minimum business vintage required is 1 year(s).

How can an applicant apply for ICICI Bank GST-Backed Business Overdraft?

Apply online at https://www.icicibank.com/business-banking/loans/gst-business-loan or visit nearest branch with KYC, Udyam registration, and bank statements.