Business Loan

Fund your business expansion plans with collateral-free loans

Specially designed business loans for those planning to expand or upgrade

For customers looking to expand or upgrade their business, or in need of funds for working capital and small equipment purchase, ICICI Direct offers Business Loans through ICICI Bank. Those eligible can opt for the various products under Business Instalment Loan (BIL), which is to be repaid in equal instalments at fixed intervals. You can also pre-close or pre-pay your BIL, all you have to do is pay the applicable pre-closure charges after payment of 12 EMIs.

  • 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.
APPLY NOW for instant approval and faster processing of your loan

Features & Benefits of ICICI Direct Business Loans

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

Pre closure or pre-payment of Business Loans

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

Business Loan Interest Rate

Depends on various factors such as profile of the customer [Professional / Non Professional, Constitution (Proprietorship, Partnership, Private Limited, LLP etc)] and nature of business.

Business Loans Eligibility Criteria

Criteria Self Employed
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.

Document Required For Business Loan

For Company/Firm/Individual
  • PAN Card
A copy of any of the following documents as identity proof:
  • Aadhaar Card
  • Passport
  • Voter's ID Card
  • PAN Card
  • Driving License
A copy of any of the following documents as address proof:
  • Aadhaar Card
  • Passport
  • Voter's ID Card
  • Driving License
  • Bank statement of the previous 6 months
  • Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
  • Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
  • Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]

Business Loan FAQs