Business Instalment Loan

Thinking of expanding your business without security/collateral?
Business Loan (BL) is collateral/security free loan which is provided to a self-employed individual and entity. Business Loan can be availed for any business upgrade or equipment purchase, which is repaid in equal instalments at fixed intervals.
Be it working capital, small equipment purchase or any other business expansion plan, we at ICICI Bank understand your financial needs and offer you specially designed Business Loan which suits your business requirements.

Apply Now KNOW YOUR ELIGIBILITY

Benefits of ICICI Bank Business Loan

No security/collateral required

Maximum tenure - 60 months*

Simple process and quick disbursement

Minimum documentation

Attractive interest rates

Convenient repayment options

Best after sales service and support

Who can be funded under Business Loan?

Proprietorship firm/ Self-employed nonprofessionals

Partnership firm/ LLP & Private Limited Company

Unlisted Public Limited Company

Self-employed professionals and doctors

On what basis Business Loan can be availed?

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

Traders/Retailers

Manufacturers

Vendors

Wholesalers & Distributors

Doctors

Architects

Chartered Accountants

Company Secretary/ Cost and Work Accountant (CWA)

Pre closure or pre-payment of Business Loans

You can pre-close or pre-pay your Business Loan (BL) 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).
If you have an existing Home Loan or Auto Loan or current account in any bank*, then availing ICICI Bank Business Loan becomes easier. Click here to

APPLY NOW CHECK YOUR ELIGIBILITY