Business Instalment Loan: Interest Rates
A Business Instalment Loan is an unsecured loan designed for self-employed individuals and business entities looking to expand or upgrade their operations. ICICI Bank offers collateral-free Business Instalment Loans with fixed interest rates starting from 13.25% per year*, so your repayments stay steady and predictable.
Get timely access to funds due to features like minimal paperwork, fast approval and quick disbursement. Benefit from clear pricing, no hidden fees and flexible repayment terms up to 60 months, so you can manage your cash flows easily while growing your business. Apply now and fuel your business goals with confidence.
Latest Business Instalment Loan Interest Rates
Particulars | Interest rates and applicable charges |
|---|---|
Interest Rate | Between 13.25% and 19.25% per annum |
Loan processing charge / Origination charge (Non-refundable) | Up to 2% of the loan amount plus applicable taxes |
Latest MCLR (Marginal Cost of Funds-based Lending Rate)
ICICI Bank MCLR – 1 Year | Spread | Effective Rate of Interest |
|---|---|---|
8.35% | 4.90% - 10.90% | 13.25% - 19.25% |
MCLR stands for Marginal Cost of Funds-based Lending Rate. MCLR is subject to change, which may affect the final interest rates and hence the above figures are indicative in nature.
T&Cs apply.
Interest Rate Range for Business Instalment Loans for the period Jul 2025 to Sep 2025:
| Maximum | Minimum | Mean |
|---|---|---|---|
Business Instalment Loan | 19.25% per annum | 13.25% per annum | 15.45% per annum |
Note:
Interest Rate excludes subsidies, government schemes and loans disbursed under the Emergency Credit Line Guarantee Scheme (ECLGS) at the mandated interest rate of 9.25%.
Business Instalment Loan Annual Percentage Rate (APR)
Annual Percentage Rate (APR) is the annual cost of credit, which includes the interest rate and all other charges associated with the loan.
For further assistance, visit any ICICI Bank Branch or call our Customer Care on 1800 1080.
Notes:
The specific interest rate applicable to a customer is dependent on the customer segment, asset category and location.
ICICI Bank reserves the right to revise the Rate of Interest and Processing Fee from time to time, at its sole discretion.
GST and other government taxes, levies, etc., applicable as per prevailing rates will be charged over and above the mentioned charges at the discretion of the Bank.
The charges or fees given in the table are subject to change and the charges / fees recorded in your agreement will be binding over the details mentioned here.
Fees and Service Charges of Business Instalment Loan
Please visit the ‘Penal and Service Charges’ page on the ICICI Bank website to learn more about the fees and service charges applicable on ICICI Bank Business Instalment Loan.
Important Information
As per Rule 9B of the Prevention of Money Laundering (Maintenance of Records) Rules, you are required to inform the Bank if there are any changes in your KYC details, along with the updated documents (i.e. address, contact details, profile, etc.), within a period of 30 days from the date the changes were made. Once you inform the Bank, the necessary changes will be made in the Bank records.
Disclaimer:
The products, services and offers referred to here are subject to the Terms and Conditions governing them as specified by ICICI Bank from time to time on www.icici.bank.in. Nothing contained here will constitute or be deemed to constitute advice, invitation or solicitation to purchase any products / services of ICICI Bank.