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Get easy, collateral-free loans to boost your business plans.

Boost your business quickly and stay ahead of the competition with our specially designed business loans to upgrade or expand your company.

If you’re looking to fund your business, you need the necessary capital to move forward. Build your infrastructure, upgrade inventory, enhance working capital, purchase equipment, expand operations or boost any area of your business with ICICI Bank’s business loan solutions from ICICI Direct.

Upon eligibility, you can avail of various products under business installment loans [BIL] to repay in equal installments at fixed intervals. You can also benefit from flexible repayment options such as pre-closure or prepayment on the BIL after 12 EMIs by paying the applicable pre-closure charges.

Term Loans

                                                        High-Value Loans
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Working Capital Finance

Swift Processing
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GST Returns

Quick Loan Approval
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Loans Without Financials

Flexible Loan Tenures
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Collateral Free Loans

Minimal Charges
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New Entities

Minimal Charges
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Import Export Finance

Minimal Charges
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Term Loans

Planning an expansion or asset purchase? ICICI Bank offers Term Loans for long term capital investments in businesses.

Working Capital finance

With a business plan in mind or an opportunity at hand, all you need is timely finance. And for that, we offer a package of loans that suit your business requirements.

GST Returns

You can also avail loans of up to Rs 2 crore based on your GST returns.

Loans without financials

This is available based on a customer's past transaction history.

Collateral-free loans

Cash and credit loans of up to Rs 2 crore are available via a government backed Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

New Entities

Businesses that have been in operation for a year or more can also avail working capital, cash credit facility and other loan products from ICICI Bank

Import Export finance

Export Finance, Letter of Credit, Bank Guarantees and foreign currency loans are also available to those looking for support their businesses.

  • Loan Calculator

  • EMI Comparison calculator

Documents Checklist

Business loan documents


  • Last 3 years Audited/Provisional Financials ( Balance Sheet, Profit and Loss Account along with schedules and Notes to Accounts, Tax audit reports, Statutory Audit report).
  • In case of Provisional financials, VAT returns are also required.
  • Current year performance and projected turnover on letterhead of the entity
  • Last 1 year Income Tax returns of the borrowing entity (along with Computation of Income and copy of acknowledgement)
Business loan documents


  • Entity proof – Partnership deed/Certificate of Incorporation/Shops and Establishment certificate
  • Copy of PAN Card of Entity, Proprietors/Partners/Directors, Security providers and guarantors
  • Address Proof of Entity, Proprietors/Partners/Directors, Security providers and guarantors

Business Loans Eligibility Criteria

Age 28 years (self employed individuals) and 25 years (for doctors); Maximum age - 65 years
Minimum Turnover Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials
Minimum Profit After Tax Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials
Business Stability In current business for at least 5 years and minimum 3 years for doctors
Existing relationship with ICICI Bank Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required

Disclaimer: This is an indicative list only. Additional documents may be asked for on a case-to-case basis.

Business Loan Interest Rate

BILs at attractive interest rates
Minimal documentation, easy process and quick disbursement
Simple and convenient repayment options
No need for collateral/security
No need for collateral/security


  • Proprietorship firm/ Self-employed nonprofessionals
  • Partnership firm/ LLP
  • Private Limited Company
  • Unlisted Public Limited Company
  • Self-employed professionals and doctors
  • Traders
  • Retailers
  • Manufacturers
  • Vendors
  • Wholesalers & Distributors
  • Doctors
  • Architects
  • Chartered Accountants
  • Company Secretary/ Cost and Work Accountant (CWA)

A Business Loan can be availed on the basis of audited financials,

  • Banking relationship with ICICI Bank or other banks
  • Goods and Services Tax (GST) filed
  • Income Tax Returns (ITR) filed
  • Turnover of the business
  • Existing Home Loan
  • Existing Auto Loan


Pre Closure or Pre-payment of Business Loans

You can pre-close or pre-pay your Business Instalment Loan (BIL) by payithe applicable pre-closure charges after payment of 12 Equated MonthInstalment (EMI). Currently, the applicable pre-closure charge is 5% of toutstanding loan amount (plus applicable tax).