Business Loan

ICICIDirect offers Business Loans through ICICI Bank, thinking of expanding your business without security/collateral? Business Instalment Loan (BIL) is collateral/security free loan which is provided to a selfemployed individual and entity. BIL 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 Instalment Loan which suits your business requirements.

  • Working Capital finance: Timely finance is the key to making the most of business opportunities. Keeping this in mind, we have designed a package of loans to suit your business requirements.
  • Term Loans: For expansion and Assets purchase avail ICICI Bank’s Term Loans to make long term capital investments, whether in plant and machinery or commercial assets.
  • GST returns: Avail Loans up to 2Cr base on GST returns without any financials
  • New Entities: Avail working capital, cash credit facility and other loans from ICICI Bank after just a year of operations
  • Collateral free Loans: Get cash credit and term loan through a government backed CGTMSE loan up to Rs. 2 crore
  • Loan without Financials: Business loans based on past transaction history
  • Import Export finance: Get Export Finance, Letter of Credit, Bank Guarantees and foreign currency loans to support your business.
APPLY NOW for instant approval and faster processing of your loan
Benefits of ICICI Bank Business Loan
  • No security/collateral required
  • Maximum tenure - doctor 60 months, professionals- 48 months, nonprofessionals - 36 months
  • Simple process and quick disbursement
  • Minimum documentation
  • Attractive interest rates
  • Convenient repayment options
  • Best after sales service and support

Pre closure or pre-payment of Business Loans

You can pre-close or pre-pay your Business Instalment Loan (BIL) 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).

Interest Rates

Depends on various factors such as profile of the customer (Professional / Non Professional, Constitution (Proprietorship, Partnership, Private Limited, LLP etc) & nature of business.

Documents Checklist

Business Loans FAQs