IndiaBanks.org · independent research

Business, & agriculture finance

Business Instalment Loan

An unsecured fixed-rate instalment loan for self-employed applicants and businesses, including funding for business upgrades and equipment purchases.

Maximum loanUp to ₹50 lakhInterest rate range13.00%–17.50% p.a. for Jul–Sep 2026; published mean 15.45% p.a.Eligible applicant formsProprietorships, partnerships/LLPs, private/public limited companies and self-employed professionals including doctors, chartered accountants, company secretaries, architects and cost/work accountants
Official product page ↗Compare category

Quick eligibility check

Business Instalment Loan

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: Proprietorships, partnerships/LLPs, private/public limited companies and self-employed professionals including doctors, chartered accountants, company secretaries, architects and cost/work accountants?

Published source: Eligible applicant forms

2Do you meet this requirement: Bank statements?

Published source: Documents

3Do you meet this requirement: Audited financial statements?

Published source: Documents

4Do you have a regular source of income?

5Do you meet this requirement: The overview page states 13.25%–19.25% p.a?

6Document checkDo you have this required document or proof: KYC?

Published source: Documents

7Document checkDo you have this required document or proof: Bank statements?

Published source: Documents

8Document checkDo you have this required document or proof: GST returns and income-tax returns?

Published source: Documents

9Document checkDo you have this required document or proof: Audited financial statements?

Published source: Documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Sept 2026 · active
Offered byICICI Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Maximum loanUp to ₹50 lakhView source
The current product page lists up to ₹50 lakh; an unrelated blog's ₹1 crore statement was not used over this product page.
Source
Business Instalment Loan — Bank
Page / section
Best For — loan amount (HTML lines 421–425)
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Interest rate range13.00%–17.50% p.a. for Jul–Sep 2026; published mean 15.45% p.a.Effective 1 Jul 2026View source
The dedicated table gives minimum 13%, maximum 17.50% and mean 15.45% for the stated quarter; the same page lists one-year 8.40% and spread 4.60%–9.10%. The product overview separately shows 13.25%–19.25%; this mismatch is recorded and the period-labelled rate table is used as the more specific current rate source.
Source
Business Instalment Loan — current interest-rate table
Page / section
Latest rate and quarterly Jul–Sep 2026 tables (HTML lines 415–446)
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Maximum repayment tenureDoctors: up to 60 months; professionals: up to 48 months; other business types: up to 36 monthsView source
The differentiates repayment periods by customer/profession; the general up-to-60-month claim does not apply to every borrower type.
Source
Business Instalment Loan — Bank
Page / section
— maximum tenure by borrower type (HTML lines 564–576)
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Business vintageMinimum 3 years in operationView source
The product page states the business should have operated for at least three years.
Source
Business Instalment Loan — Bank
Page / section
Business Vintage / (HTML lines 438–440, 583–585)
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
SecurityUnsecured; no collateral or security requiredView source
The product page repeatedly states that security/collateral is not required.
Source
Business Instalment Loan — Bank
Page / section
Benefits / — unsecured loan (HTML lines 413–417, 490–492, 550–552)
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Processing chargeUp to 2% of the loan amount plus applicable taxesEffective 1 Jul 2026View source
The dedicated rate page lists a non-refundable processing/origination charge up to 2% plus applicable taxes.
Source
Business Instalment Loan — current interest-rate table
Page / section
Latest rates and applicable charges (HTML lines 415–422)
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Eligible applicant formsProprietorships, partnerships/LLPs, private/public limited companies and self-employed professionals including doctors, chartered accountants, company secretaries, architects and cost/work accountantsView source
The page lists eligible entity structures and examples of eligible professional applicants.
Source
Business Instalment Loan — Bank
Page / section
Eligible Entities (HTML lines 453–468)
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
DocumentsKYC; Bank statements; GST returns and income-tax returns; Audited financial statements; Business entity or continuity proofView source
The manually reviewed product record states: “; Bank statements; returns and income-tax returns; Audited financial statements; Business entity or continuity proof”.
Source
Business Instalment Loan — official product page
Page / section
Published product metadata
Accessed
30 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Loan amount up to ₹50 lakh.
  • Business vintage of at least 3 years.
  • Maximum repayment period varies by applicant type: 60 months for doctors, 48 months for professionals, 36 months for other business types.

Eligibility

  • The page assesses business financials, filings, income-tax returns and business type; stable income and practice stability are mentioned for self-employed professionals.
  • The overview page states 13.25%–19.25% p.a.; a separate period-labelled rate page reports 13.00%–17.50% p.a. for Jul–Sep 2026. The dated dedicated rate table is used for the comparison value, with the discrepancy retained in the audit.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Bank statements
  • returns and income-tax returns
  • Audited financial statements
  • Business entity or continuity proof

Related official documents

Business Instalment Loan — current interest-rate tableofficial-product-rate-page · complete-rate-table-and-notes-review · accessed 30 Sept 2026
↗
Business Instalment Loan — ICICI Bankofficial-product-page · complete-relevant-product-content-review · accessed 30 Sept 2026
↗
ICICI Bank — Penal Charges, Annexure Aofficial-penal-charges-pdf · complete-text-review-visual-review-pending · accessed 30 Sept 2026
↗
ICICI Bank — Service Charges for Business Bankingofficial-business-service-charges-pdf · complete-text-review-visual-review-pending · accessed 30 Sept 2026
↗
Personal Loan, Business Instalment Loan and Salary Overdraft — Service/Penal Chargesofficial-service-charges-page · complete-current-table-and-effective-date-review · accessed 30 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹29,289twenty-nine thousand two hundred eighty-nine rupees
Interest paid over the full loan₹45,29,454forty-five lakh twenty-nine thousand four hundred fifty-four rupees
Everything you repay₹70,29,454seventy lakh twenty-nine thousand four hundred fifty-four rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Interest rate, Jul–Sep 2026 · Published value13.00%–17.50% p.a.

This value is copied from Business Instalment Loan — published rate and one-year /spread. Check the table notes before relying on it.

Source: Business Instalment Loan — current interest-rate table · Latest rates / / Jul–Sep 2026 range tables and notes (HTML lines 415–459) Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsBusiness Instalment Loan — published rate and one-year MCLR/spreadView tableHide table

Scroll sideways to view every column

Business Instalment Loan — published rate and one-year MCLR/spread
MeasurePublished value
Interest rate, Jul–Sep 202613.00%–17.50% p.a.
Quarterly minimum13.00% p.a.
Quarterly mean15.45% p.a.
Quarterly maximum17.50% p.a.
One-year 8.40%
Spread4.60%–9.10%
Processing/origination feeNon-refundable; up to 2% of loan amount plus applicable taxes
Defined as annual credit cost including interest and other charges; no separate numeric is listed on the reviewed page.
ECLGSNot applicable to Business Instalment Loan.
  • The dedicated rate table is period-labelled and is preferred to the product overview's inconsistent, undated 13.25%–19.25% wording; exact customer pricing remains profile/segment/location-dependent.
Business Instalment Loan — current interest-rate table · Latest rates / / Jul–Sep 2026 range tables and notes (HTML lines 415–459) · effective 1 Jul 2026 · accessed 30 Sept 2026Open official source ↗
Table 2 · 20 rows · 3 columnsBusiness Instalment Loan — service and penal chargesView tableHide table

Scroll sideways to view every column

Business Instalment Loan — service and penal charges
Charge groupChargePublished amount / conditions
ServiceLoan processing (non-refundable)Up to 2% of loan amount.
ServiceRepayment-mode swap₹500.
ServiceCancellation within 15-day disbursement cooling-off/free-look periodNil cancellation fee; processing fee remains non-refundable.
ServiceCancellation after cooling-off period₹2,500.
ServicePrepayment/foreclosure3% of principal outstanding; nil after 24 . For BIL/BL up to ₹50 lakh booked under code UP, foreclosure is nil after first for Micro/Small Enterprises only, subject to submitting Udyam Registration Certificate; not available to Medium enterprises.
ServicePart payment3% for loans seasoned up to 24 months; nil after 24 months.
ServiceCash transaction at branch₹100.
ServiceDuplicate NOC/NDC, physical branch printout₹250.
ServiceInformation utility (corporate cases only)₹300.
ServicePrepayment statement, physical branch printout₹200.
ServiceAmortisation schedule, physical branch printout₹200.
ServiceLoan recoveryAt actuals, if applicable.
PenalCheque/auto-debit/ bounce₹500.
PenalLate payment5% p.a. on overdue until repayment.
PenalNon-maintenance of mode of payment₹800.
PenalUnpaid interest or overdrawn amount5% p.a. on unpaid interest or overdrawn amount.
Tax / discretionTaxes and leviesListed charges exclude and other applicable statutory taxes/levies.
Tax / discretionApplicationCharges/penalties are at the Bank's discretion and subject to regulatory guidelines.
Part payment rule — effective 1 Jan 2026Minimum/maximum amountMinimum part payment: one ; maximum: total outstanding less one .
Part payment rule — effective 1 Jan 2026Prior payment / frequencyNo minimum /Pre- payment is required before part payment; part payments may be made any number of times in a financial year.
  • Salary Overdraft-only processing and renewal rows were reviewed but deliberately excluded because they do not apply to Business Instalment Loan. Pre-2026 part-payment rules are not carried forward.
Personal Loan, Business Instalment Loan and Salary Overdraft — Service/Penal Charges · Full service and penal table; notes applicable from 1 January 2026 (HTML lines 405–471) · effective 1 Jan 2026 · accessed 30 Sept 2026Open official source ↗

More from Bank

Related products

Business Term Loan

A collateral-backed term loan for long-term business investment, repaid on a fixed schedule through monthly instalments.

View product

GST Business Loan

Working-capital facilities assessed using returns and statistical data, with overdraft, letter-of-credit and bank-guarantee options.

View product

Insta OD — Instant Overdraft for Business

A digital, unsecured working-capital overdraft for businesses; the limit depends on account usage and transaction history, and interest is charged on the utilised amount.

View product

Instant Secured Overdraft

A secured working-capital overdraft assessed using banking transactions and statistical scoring, secured by property, vacant land or fixed deposits.

View product