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ICICI Bank Business Loan


Interest Rates & Charges

ICICI Bank offers Business Loans with low processing fees and low-interest rates. No hidden fees and 100% transparency are at the core of the loan, making it a seamless borrowing experience.


Applicable Fees


Interest rate


ICICI Bank Business Loan interest rate is determined based on the assessment of the business, financials, loan amount, and tenure.

For secured facilities, the interest rate is up to the Repo rate plus 6.5% (Non-PSL).

For facilities under CGTMSE, the interest rate is up to Repo rate plus 7.10% (PSL and Non-PSL).

For unsecured facilities, the interest rate is up to 17% (fixed).


Processing charges


There is a small processing fee for loan processing, verification, and other administrative services. Our fee is up to 1% for secured facilities and 2% for unsecured facilities of the facility amount, along with the applicable taxes.


Foreclosure charges


Foreclosure charges are to be charged as per the terms and conditions mentioned in the section letter. 

ICICI Bank Business Loan

Types of ICICI Bank Business Loan Interest Rate

There are two kinds of ICICI Bank Business Loan interest rates: fixed and floating.

Fixed Interest Rate

Here, the rate of interest charged on the ICICI Bank Business Loan amount will remain constant throughout the loan repayment period. You know your ICICI Bank Business Loan EMI obligation at the start of the tenor, allowing you to plan your monthly budget accordingly.

ICICI Bank Business Loan
ICICI Bank Business Loan

Floating Interest Rate

Here, ICICI Bank Business Loan interest rates could change depending on changes to the Marginal Cost of Lending Rate (MCLR), which is the base rate set for banks by the RBI. With changes in MCLR, the interest rate on loans also gets revised. With a lower interest rate, the repayment amount also reduces. On the other hand, if the interest rates increase, your EMI obligation will also increase. A floating ICICI Bank Business Loan interest rate makes it difficult for you to ascertain your monthly financial obligation.

ICICI Bank Business Loan Interest Calculation Method

There are two methods to calculate interest: flat rate method and the reducing balance method.

In the flat interest rate method, the interest rate is based on the complete loan amount you pay during the repayment period. In case of reducing the balance method, the rate of interest on the ICICI Bank Business Loan will be considered and calculated on the basis of the outstanding loan amount.

Flat Interest Rate Calculation

EMI = (principal + total interest payable) / loan tenure in months i.e. total interest payable = P x r x n/100

Where, ‘P’ is the principal loan amount, ‘r’ is the rate of interest, and ‘n’ is the loan tenure in months.

Floating Interest Rate Calculation

EMI = [P x r x (1 + r) ^n] / [(1 + r) ^(n-1)]

Where, ‘P’ is the principal loan amount, ‘r’ is the rate of interest, and ‘n’ is the loan tenure in months.

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