Private Sector BankOverdraft / Cash CreditSmall Enterprise (Investment ≤ ₹10 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

ICICI InstaBIZ Clean Overdraft (Unsecured OD up to ₹50L)

Primary Lending Institution:ICICI Bank Ltd.

₹5 Lakh to ₹50 Lakh MSME credit at 9.50% – 13.00% with Up to 12 months tenure.

Interest Rate9.50% – 13.00%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹5 Lakh to ₹50 LakhBased on turnover & project cost

Repayment TenureUp to 12 monthsWith moratorium where applicable

Collateral SecurityStrictly available to eligible ICICI Bank current account holders based on automated algorithm evaluation.

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

Strictly available to eligible ICICI Bank current account holders based on automated algorithm evaluation.

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 InstaBIZ Clean Overdraft (Unsecured OD up to ₹50L)?

Pre-approved digital overdraft with zero collateral sanctioned directly inside the ICICI InstaBIZ banking application.

Key Benefits & Features

Instant digital setup; zero collateral or branch visit; pay interest strictly on funds utilized; draw funds anytime.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Current account holders with minimum 12 months active banking history.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹25.0 Lakh

Processing Fee1.00% + 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/instabiz-overdraft 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 InstaBIZ Clean Overdraft (Unsecured OD up to ₹50L)?

Borrowers can avail ₹5 Lakh to ₹50 Lakh with a repayment tenure of Up to 12 months.

What are the processing charges and collateral terms for ICICI InstaBIZ Clean Overdraft (Unsecured OD up to ₹50L)?

The processing fee is 1.00% + GST. Collateral terms: Strictly available to eligible ICICI Bank current account holders based on automated algorithm evaluation.

What are the eligibility criteria for ICICI InstaBIZ Clean Overdraft (Unsecured OD up to ₹50L)?

Current account holders with minimum 12 months active banking history. Minimum business vintage required is 1 year(s).

How can an applicant apply for ICICI InstaBIZ Clean Overdraft (Unsecured OD up to ₹50L)?

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