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Move your business to greater heights with our financing options.

Get lending solutions to accomplish all your evolving business needs.

Give your business that much-needed push with SME/MSME Loans from ICICI DIRECT.

Specially designed for small and medium enterprises, SME loans from ICICI Bank will give your business the momentum it needs.

About SME Loan

A common challenge faced by almost all SME enterprises is availing a formal source of financing. Small and micro enterprises typically work with very low working capital and have several financial requirements to be met. Here’s where applying for an SME Loan can prove to be very beneficial.

The enterprise can get a significant amount to finance its operating expenditure, buying raw materials and machinery, spending on advertising and marketing, executing expansion plans, or any other business requirement that can be met hassle-free.

There are several loans under government schemes as well that can be availed at flexible repayment terms. You can apply for any loan by visiting the nearest bank branch or online. Apply for a loan and work towards taking your business to new heights today!

Types of SME Loans

Working Capital Loan

Capital Loan

Term Loan to Purchase Commercial Assets & Equipment

Assets & Equipment

SME Business Expansion Loan

Business Expansion

Collateral Free Loans

Collateral Free Loans

Credit Guarantee Fund Trust For Micro & Small Enterprises

Trust For Micro & Small Enterprises

MSME classification

MSME stands for Micro, Small, and Medium Enterprises. These enterprises have a lower valuation in comparison to large enterprises. Refer to the following table for a more detailed classification of MSME enterprises:

EnterpriseInvestment in Plant & Machinery or EquipmentTurnover
Micro Less than Rs 1 crore Less than 5 crore
Small Less than 10 crore Less than 50 crore
Medium Less than 50 crore Less than 250 crore

The MSME enterprises can be operating in both the manufacturing and service sectors.

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Quick Processing

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Hassle-free, Minimal Documentation

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Attractive Interest Rates

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Working Capital Finance

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Flexible Loan Facilities

Documents Required


Eligibility Criteria for MSME/SME Loan

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

Documents Required for MSME/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

Features of MSME Loan


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

Benefits of MSME Loan

  • 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


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.

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.

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.

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