Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range

Rate of Interest

  • Floating rate of Interest : 15.5% p.a. to 21% p.a.
  • Fixed Rate of Interest : 15.5% p.a. 

Eligibility Criteria

Eligibility Criteria



25 to 65 years

Minimum Turnover

Rs. 60 Lakh

Business Existence (in months)

36 months

ITR (months)

24 months

Loan Amount

Rs. 1 Lakh to Rs. 40 Lakh

Loan Tenure

60 months

Owned House or Place of Work



750 and above


Fees and Charges

  • Processing Fees 0.99%  to 2.00% depends on type and category of borrower
  • Pre-closure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about ICICI Bank

Your Eligibility depends on following

You can increase your eligibility by doing following

Rate of Interest and Other Charges for Business Loan are following

Existing Loan take over or New Loan

Features of Loan