SME/MSME Loans

  • Unleash your business to its potential
  • Push your business to newer heights

Get instant loans to give your business the required momentum with SME Loans from ICICI Direct

If you’re planning to start your own business or need finance for your small or medium-sized business, you can now avail SME Loans from ICICI Bank. Especially designed for Small and Medium Enterprises, SME Loans can help your business achieve the momentum it needs. SME Loans are a step toward promoting and supporting Home grown businesses and to make India a self-reliant nation.

Types of SME Loans

  • Working Capital Loan
  • Term Loan to Purchase Commercial Assets and Equipment
  • SME Business Expansion Loan
  • Collateral Free Loans
  • Credit Guarantee Fund Trust For Micro and Small Enterprises

SME Loan - Exclusive Features

  • Cash credit and overdraft facility to fulfil working capital finance requirement
  • Export credit facility to provide pre and post Shipment finance
  • Letter of credit to facilitate trade
  • Bank guarantee for meeting performance and financial obligations

SME Loan – Prime Benefits

  • No minimum loan limit
  • Collateral free loans up to Rs.2 crore under CGTMSE scheme
  • Flexible collateral options including residential, commercial, and industrial property and liquid securities for high value loans
  • Online application facility with swift approval and disbursement

SME Loan Eligibility Criteria

  • Sole Proprietorship Firms, Partnership Firms, Private limited Companies, Public limited Companies
  • Age: Between 25 and 55 years
  • Experience: minimum business experience of 3 years

Documents Required for SME Loan

  • ID and Address proof documents including PAN and Aadhaar
  • Bank account details of the applicant
  • ITR of the last 3 years
  • Proof of Experience
  • Business registration documents
  • Registration certificate of business as SME
  • Copy of sales tax returns
  • Sector-specific licenses, if any

Eligible business segment

  • MSE excluding Retail traders
APPLY NOW for instant approval and faster processing of your loan

SME Loan FAQs

  • How is a small enterprise characterised?

    A Small Enterprise is any manufacturing enterprise with an original investment value of Rs. 25 Lakhs up to Rs. 500 lakhs (for plant and machinery). It may also be a service enterprise with an original investment value of Rs. 10 Lakhs up to Rs. 200 lakhs.

  • How is a small medium characterised?

    A Medium Enterprise is any manufacturing enterprise with an original investment value of Rs. 500 Lakhs up to Rs. 1,000 lakhs (for plant and machinery). It may also be a service enterprise with an original investment value of Rs. 200 Lakhs up to Rs. 500 lakhs.

  • Is KYC compliance mandatory to avail SME Loans from ICICIdirect.com?

    Yes you need to complete the due KYC compliance process. You are required to open an account with ICICI Bank by submitting your PAN, Aadhaar and other relevant ID, address, and income proof documents.

  • What is the tenure available for SME Loans?

    SME loans come with varying repayment tenures. It depends upon the type of SME Loan you apply for.