If you’re a business owner looking to expand operations, manage cash flow, or invest in assets — an ICICI Bank Business Loan might be the ideal funding route. Through Bravima Solution Pvt Ltd, you can compare, apply, and get support to secure the best ICICI business finance deal.
Types & Variants of ICICI Business Loans
ICICI Bank offers a range of business financing options to suit different needs:
| Type | Use Case / Purpose | Key Features |
| Working Capital / Cash Credit / Overdraft | To run day-to-day operations (inventory, wages, raw materials) | Flexible withdrawal, interest only on utilized amount |
| Term Loans / Capital Expenditure Loans | For expansion, buying machinery, infrastructure, asset purchase | Fixed repayment schedule over months/years |
| GST Business Loan | Loans based on GST returns (for short-term working capital) | Funding up to ₹3 crore based on your GST records |
| Collateral-Free Business Loans | For MSMEs under CGTMSE & special schemes | Up to ₹2 crore under CGTMSE without security |
| Loans Without Financials | Based on transaction histories, minimal audited financials | Up to ₹1 crore with 3-year vintage requirement |
| Merchant / Retail Establishment Loans | For retailers accepting card payments, small shops | Overdrafts tied to credit card swipe volumes etc. |
Interest Rates, Fees & Charges
Understanding costs is critical. Here are the standard interest & fee structures for ICICI business loans:
| Charge Type | Typical Rate / Structure | Notes / Conditions |
| Interest Rate | Up to Repo Rate + 6.0% for secured facilities (non-PSL) | Rate is determined based on credit profile, business & tenure |
| Processing Fee | Up to 2% of loan amount + applicable taxes | One-time fee at sanction stage |
| Stamp Duty / Statutory Charges | As per state / applicable laws | Varies across states & document type |
| Prepayment / Foreclosure Fees | May apply depending on the product | Check product-specific rules |
| Interest on Overdraft | Only on utilized portion | You avoid paying interest on unused credit |
Best Working Capital Loans Loan offers are just a click away
Eligibility Criteria & Required Documents
Eligibility Requirements
To qualify for an ICICI Bank business loan, you typically need:
- Business vintage (how many years the business has operated) — often minimum 3 years for many products.
- Verified KYC (identity & address)
- Good credit history & track record
- Financials (ITR, audited statements) unless applying for “Loans Without Financials” product
- For Merchant / Retail business: Minimum business age (e.g. 6 months) and acceptance of swipe volume metrics
Documents Required
You’ll need to submit several documents (self-attested) to complete the application:
- Completed application form
- KYC documents (PAN, Aadhaar, identity, address proof)
- Business registration / proof (GST certificate, MSME registration, company incorporation)
- Income proof: ITRs, audited financial statements, P&L, balance sheet.
- Bank statement (last 6 months)
- Property documents (if collateral is being offered)
- Other documents depending on product (e.g. proof of GST returns for GST Business Loan)
How to Apply Through Bravima Solution (Step-by-Step)
As your loan aggregator, Bravima Solution handles the heavy lifting. Here’s how the journey works:
- Check Eligibility Online
– Use our quick online form: input business type, turnover, years in business, location. - Compare ICICI & Other NBFC Offers
– We’ll show you ICICI Bank business loan options matched to your profile, along with alternatives. - Select Your Preferred Offer
– Choose a loan option with interest rate, tenure, and features you like. - Submit Documents Digitally
– Upload scans of KYC, financials, business proof, etc. - Loan Processing & Underwriting
– ICICI (or its business banking division) will review your documents and cash flows. - Sanction & Disbursal
– Once approved, funds will be disbursed into your bank account or set up as overdraft/credit line.
At every step, Bravima acts as your guide — helping reduce rejection risk, ensuring paperwork is clean, and pushing for faster approval.
Best SME/MSME Loan offers are just a click away
EMI / Cost Scenario Example
Here’s a sample scenario to help understand what repayment might look like:
Hypothetical Case:
- Loan Amount: ₹10,00,000
- Tenure: 36 months
- Interest Rate: Repo + 6% = say 12% (for illustration)
- Processing fee: 2%
Estimation:
- EMI (approx) = ₹33,200 (principal + interest)
- Total amount repayable = ~ ₹11,95,200
- Processing fee = ₹20,000
- Effective cost will depend on whether any prepayment or foreclosure charges apply
Use this example in your page to help prospects estimate and understand financial impact.
Why Choose ICICI via Bravima Solution?
- Wider Access & Negotiation Power — Bravima consolidates multiple offers and negotiates better terms.
- Risk Mitigation — We check your documents and profile before submission to reduce rejection chances.
- Faster Processing — Internal support ensures faster follow-up with ICICI bankers.
- Transparent Comparison — You see interest, fees, tenure, and choose the best deal.
- After-Sales Support — Bravima assists through disbursal, queries, and documentation after sanction.
Secure Your Business Funding – Apply in Minutes
FAQs
Q1. Can I get an ICICI business loan without collateral?
Yes — under the Collateral-Free Loans scheme up to ₹2 crore via CGTMSE.
Q2. What is the minimum business vintage required?
It’s often 3 years, except for specific products like “Loans Without Financials” where historical transaction history is used.
Q3. How is interest rate determined?
ICICI uses a formula: Repo Rate + Spread (up to ~6.0%), depending on business risk and profile.
Q4. What is a GST Business Loan and how much can I get?
ICICI offers a working capital facility based on GST returns — up to ₹3 crore.
Q5. Can I repay early or foreclose the business loan?
Yes, but foreclosure/prepayment rules vary by product. Always check specific product terms.Q6. Can startups or new businesses qualify?
Yes — ICICI has a Loans for New Entities program for businesses at least 1 year old.
Similar Blog
- Small Overdraft Loan for Business: A Smart Way to Manage Cash Flow
Running a small business often comes with unexpected expenses and cash flow challenges. Whether it’s paying suppliers, covering salaries, or… Read more: Small Overdraft Loan for Business: A Smart Way to Manage Cash Flow - How to Reduce EMI on Business Loans in India: 7 Practical WaysIf you’re running a business in India, managing your cash flow efficiently is crucial—and one way to ease financial pressure… Read more: How to Reduce EMI on Business Loans in India: 7 Practical Ways
- What Is Business Turnover? Meaning, Types & Why It MattersFor any business—large or small—turnover is one of the most fundamental metrics. But what does it really mean, and why… Read more: What Is Business Turnover? Meaning, Types & Why It Matters
- Small Business Cash Advances: A Flexible but Costly Funding OptionWhen small businesses face urgent funding needs—like addressing seasonal inventory demands or unexpected expenses—they often turn to cash advances (including… Read more: Small Business Cash Advances: A Flexible but Costly Funding Option
- Business Working Capital Loans: A Lifeline For Small Manufacturers in IndiaIn today’s competitive and dynamic industrial environment, small manufacturers often face cash flow gaps that affect operations, payroll, raw material… Read more: Business Working Capital Loans: A Lifeline For Small Manufacturers in India
- What Are the Foreclosure Charges on a Business Loan?Foreclosing a business loan—i.e., paying it off before the end of its scheduled term—can be a smart move to reduce… Read more: What Are the Foreclosure Charges on a Business Loan?
