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Introduction

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.

Types of SME Loans

Working Capital Loan

Capital Loan
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Term Loan to Purchase Commercial Assets & Equipment

Assets & Equipment
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SME Business Expansion Loan

Business Expansion
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Collateral Free Loans

Collateral Free Loans
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Credit Guarantee Fund Trust For Micro & Small Enterprises

Trust For Micro & Small Enterprises

  • Loan Calculator

  • EMI Comparison calculator

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INTEREST RATE

LOAN TERM (Years)

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Balance Transfer Loan

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Features

New car loan

Quick Processing

New car loan

Hassle-free, Minimal Documentation

New car loan

Attractive Interest Rates

New car loan

Working Capital Finance

New car loan

Flexible Loan Facilities

Documents Required

contract

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
Personal loan documents

DOCUMENTS REQUIRED

  • 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

Exclusive Features

1

Cash credit and overdraft facility to fulfil working capital finance requirement

2

Export credit facility to provide pre and post Shipment finance

3

Letter of credit to facilitate trade

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

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.

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.