Private Sector BankTerm Loan (Capex / Expansion)All MSME Borrowers🛡️CGTMSE CoveredVerified: 2026-09-29

ICICI Bank MSME Business Loan (Secured & Unsecured)

Primary Lending Institution:ICICI Bank Ltd.

₹5 Lakh to ₹5 Crore MSME credit at 9.25% – 13.50% with Up to 7 years tenure.

Interest Rate9.25% – 13.50%Linked to EBLR / MCLR / Risk

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

Repayment TenureUp to 7 yearsWith moratorium where applicable

Collateral SecurityRequires 2 years filed ITRs and clean banking track record.

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

Requires 2 years filed ITRs and clean banking track record.

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 MSME Business Loan (Secured & Unsecured)?

Versatile business financing suite offering both collateral-free loans up to ₹50 Lakh and asset-backed credit up to ₹5 Crore.

Key Benefits & Features

Fast digital in-principle sanction in 30 minutes; competitive rates; minimal documentation; flexible collateral options.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Self-employed businessmen, service providers, and small industrial manufacturers.

Business Vintage2+ Years in Operation

Min. Annual Turnover₹25.0 Lakh

Processing Fee1.00% to 2.00% + 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/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 MSME Business Loan (Secured & Unsecured)?

Borrowers can avail ₹5 Lakh to ₹5 Crore with a repayment tenure of Up to 7 years.

What are the processing charges and collateral terms for ICICI Bank MSME Business Loan (Secured & Unsecured)?

The processing fee is 1.00% to 2.00% + GST. Collateral terms: Requires 2 years filed ITRs and clean banking track record.

What are the eligibility criteria for ICICI Bank MSME Business Loan (Secured & Unsecured)?

Self-employed businessmen, service providers, and small industrial manufacturers. Minimum business vintage required is 2 year(s).

How can an applicant apply for ICICI Bank MSME Business Loan (Secured & Unsecured)?

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