# ICICI Bank business loans > ICICI Bank is on Recur Club's lender panel, writing cgtmsme overdraft cash credit, cgtmsme working capital demand loan, loan against property and 5 other products. Observed tickets run ₹2 cr to ₹10 cr, priced between 9% and 10%. Median turnaround from application to disbursal is about 105 days. Source: https://www.recurclub.com/lenders/icici-bank Last updated: 2026-09-29 ## Products and indicative terms Observed on live transactions. Not an offer or a quote. | Product | Ticket | Rate | Tenure | |---|---|---|---| | Cgtmsme Overdraft Cash Credit | ₹2 cr | 9% | 12 mo | | Working Capital Demand Loan | ₹10 cr | 10% | 12 mo | Also offered, with no terms observed yet: Cgtmsme Working Capital Demand Loan, Loan Against Property, Loan Against Securities, Overdraft / Cash Credit, Sales Invoice Discounting, Secured Term Loan. ## Eligibility - ICICI BANK LIMITED ### Will not fund - Non-negotiables are ethical bookkeeping, strong management and a strong finance team; flags that SME/startup numbers can be fudged or mis-stated due to weak accounting - Declined a profitable Chennai diagnostic-centre deal because receivables were tied to government subsidised-treatment programmes with heavily delayed/uncertain payments - Cites Bizongo as a cautionary precedent — won't follow the crowd into SME order-financing models without deep pockets, after Bizongo got only a small line and exited - We will not be able to fund capex to Bycyshare as of now. - Not pursuing diamond sector deals - scale too small currently. - Cites Bizongo as a cautionary precedent — won't follow the crowd into SME order-financing models without deep pockets, after Bizongo got only a small line and exited (×1 · latest ) - Declined a profitable Chennai diagnostic-centre deal because receivables were tied to government subsidised-treatment programmes with heavily delayed/uncertain payments (×1 · latest ) - Non-negotiables are ethical bookkeeping, strong management and a strong finance team; flags that SME/startup numbers can be fudged or mis-stated due to weak accounting (×1 · latest ) ### Prefers - Generally prefers the Hybrid model under CGTMSE - Not willing to get into a price war with any lender - Aggressively deploying almost exclusively under ECLGS currently to support AUM growth and NIM, limited new deal appetite this month - Open to not-yet-profitable companies on a clear path to profitability, provided the inventory/data/working-capital cycle is manageable - Broad appetite for climate tech (EVs, batteries), AI across infrastructure/platform/application, and manufacturing such as scrap-to-industrial and waste-to-low-emission conversion - …more in playbook - Generally prefers the Hybrid model under CGTMSE - Not willing to get into a price war with any lender - Aggressively deploying almost exclusively under ECLGS currently to support AUM growth and NIM, limited new deal appetite this month - Open to not-yet-profitable companies on a clear path to profitability, provided the inventory/data/working-capital cycle is manageable - Broad appetite for climate tech (EVs, batteries), AI across infrastructure/platform/application, and manufacturing such as scrap-to-industrial and waste-to-low-emission conversion - Focus sectors are IT, SaaS, PAPG (payment aggregators) and Media ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · age ≥2y (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) · avoid: Real Estate (non asset Light) (varies by product) · Telangana (varies by product) · Private Limited, Public, Sole proprietorship, Limited Liability Partner (varies by product) · sector-agnostic (45 sectors — full list in data JSON) (varies by product) - Financials: TOL/adjusted tangible net worth ≤4 · debt/EBITDA ≤3 · debt/networth ≤3 · DSCR ≥1 · rev ≥₹10cr (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) · maximum annualrevenue: 100 (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) · maximum networth: 1000 (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) - Deal: rate 7–16% (range across products — see matrix) · ticket ₹0–200cr (range across products — see matrix) · tenure 0–180mo (range across products — see matrix) · no PEP - Security (observed): 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (94%) - median ticket ₹10cr - median rate 11% - median turnaround 105d - Security asked in : 1st/pari-passu charge on current assets (×7), Personal Guarantee Of Promoters/Directors (×4), FD margin 20–30% (×4), FD margin 10–15% (×2) - Security asked in 2026: 1st/pari-passu charge on current assets (×17), Personal Guarantee Of Promoters / Directors / Property Owner (×16), 1st charge on P&M (×8), FD margin 20–30% (×4) - share → in-principle approval (initial interest): ≈34d - in-principle approval → sanction (underwriting): ≈85d - sanction → disburse (closing): ≈15d ## Eligibility - icici limited ### Prefers - Lender was not very keen on the Oil Rig sector or on small-scale firms when previously reviewed - ICICI reviewed this case in Mar'26 and did not proceed at the time; may look at it again after 2-3 quarters ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · wilful defaulter: No (varies by product) · age ≥3y (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) · revenue from related parties: 10 (varies by product) · avoid: Real Estate (non asset Light) (varies by product) · Maharashtra (varies by product) · Private Limited, Public, Sole proprietorship, Limited Liability Partner · sector-agnostic (43 sectors — full list in data JSON) (varies by product) - Financials: debt/EBITDA ≤3 · debt/networth ≤3 · maximum networth: 1000 (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) · rev ≥₹10cr (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) · TOL/adjusted tangible net worth ≤4 (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) · networth ≥₹1cr (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) · maximum annualrevenue: 100 (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) · DSCR ≥1 (cgtmsme overdraft cash credit, cgtmsme term loan, cgtmsme working capital demand loan only) - Deal: rate 7–16% (range across products — see matrix) · ticket ₹2–200cr (range across products — see matrix) · tenure 12–180mo (range across products — see matrix) - Security (observed): 1st charge on immovable assets (100%) · 1st/pari-passu charge on current assets (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (67%) - median ticket ₹50cr - median rate 10% - median turnaround — - Security asked in 2026: 1st charge on immovable assets (×3), 1st/pari-passu charge on current assets (×3), Personal Guarantee Of Promoters / Directors / Property Owner (×2), FD margin 20–30% (×1) ## Sanctioned terms (from 115 real sanction letters) ### Sanctioned amount: median ₹7 cr (₹4L–₹118.8 cr) · RENEWAL ×25 · NEW ×22 · ENHANCEMENT ×8 - median ₹7 cr (₹4L–₹118.8 cr) · RENEWAL ×25 · NEW ×22 · ENHANCEMENT ×8 ### Typical security: Fixed Deposit ×40, Current Assets ×40, Immovable Fixed Assets ×24, Movable Fixed Assets ×15, Immovable Property ×7, Property ×5 - Fixed Deposit ×40, Current Assets ×40, Immovable Fixed Assets ×24, Movable Fixed Assets ×15, Immovable Property ×7, Property ×5 ### Typical covenants: - Other standing covenants — 69% of letters (e.g. "Advance to suppliers to be added as debtors and advance from customer to be deducted as creditors at the time of allowing DP (Drawing Power).") - Other standing covenants — 69% of letters (e.g. "Advance to suppliers to be added as debtors and advance from customer to be deducted as creditors at the time of allowing DP (Drawing Power).") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Sanctioned terms (from 111 real sanction letters) ### Sanctioned amount: median ₹6.1 cr (₹4L–₹118.8 cr) · RENEWAL ×25 · NEW ×22 · ENHANCEMENT ×5 - median ₹6.1 cr (₹4L–₹118.8 cr) · RENEWAL ×25 · NEW ×22 · ENHANCEMENT ×5 ### Typical security: Current Assets ×39, Fixed Deposit ×39, Immovable Fixed Assets ×23, Movable Fixed Assets ×15, Immovable Property ×7, Property ×5 - Current Assets ×39, Fixed Deposit ×39, Immovable Fixed Assets ×23, Movable Fixed Assets ×15, Immovable Property ×7, Property ×5 ### Typical covenants: - Other standing covenants — 68% of letters (e.g. "Advance to suppliers to be added as debtors and advance from customer to be deducted as creditors at the time of allowing DP (Drawing Power).") - Other standing covenants — 68% of letters (e.g. "Advance to suppliers to be added as debtors and advance from customer to be deducted as creditors at the time of allowing DP (Drawing Power).") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does ICICI Bank lend? ICICI Bank writes cgtmsme overdraft cash credit, cgtmsme working capital demand loan, loan against property, loan against securities, overdraft / cash credit, sales invoice discounting and 2 further products. Across those, observed facilities run ₹2 cr to ₹10 cr. ### What ticket size does ICICI Bank offer? Facilities observed on live transactions run from ₹2 cr to ₹10 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for. ### What rate does ICICI Bank charge? Rates observed on live transactions fall between 9% and 10% a year. Tenures run 12 to 12 months. These are observed figures, not a quote, and the rate you are offered depends on your file. ### How long does ICICI Bank take to disburse? About 105 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it. ### What are ICICI Bank's eligibility criteria? The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page. --- Check which lenders fund a business like yours: https://www.recurclub.com/recur-market All lenders: https://www.recurclub.com/lenders Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of ICICI Bank's current policy.