ICICI vs Kotak Business Loan, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on ICICI Bank and Kotak Mahindra Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
ICICI vs Kotak — Business Loan Comparison
Key parameters compared side by side.
| Parameter | ICICI | Kotak |
|---|---|---|
| Interest Rate (p.a.) | 11% – 15.5% | 11.5% – 16% |
| Processing Fee | 2.00% (min Rs 10,000) | 2.00% (min Rs 15,000) |
| Max Loan Amount | Rs 3 Cr | Rs 2 Cr |
| Max Tenure | 6 Years | 5 Years |
| Bank Type | Private Sector | Private Sector |
| Founded | 1994 | 1985 |
| Headquarters | Mumbai | Mumbai |
Interest Rate (p.a.)
ICICI
11% – 15.5%
Kotak
11.5% – 16%
Lower/better: ICICI
Processing Fee
ICICI
2.00% (min Rs 10,000)
Kotak
2.00% (min Rs 15,000)
Max Loan Amount
ICICI
Rs 3 Cr
Kotak
Rs 2 Cr
Lower/better: ICICI
Max Tenure
ICICI
6 Years
Kotak
5 Years
Lower/better: ICICI
Bank Type
ICICI
Private Sector
Kotak
Private Sector
Founded
ICICI
1994
Kotak
1985
Headquarters
ICICI
Mumbai
Kotak
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 20 Lakh business loan for 5 years at each bank's lowest rate.
ICICI
Kotak
Savings: Choosing ICICI saves you approximately ₹500 per month, or ₹30,000 in total interest over the loan tenure.
Feature Comparison
Key features offered by ICICI and Kotak for business loan.
| Feature | ICICI | Kotak |
|---|---|---|
| InstaBIZ portal for MSMEs | ||
| EMI holiday for first 3 months | ||
| OD & CC facilities | ||
| GST-based instant offers | ||
| Pre-approved for Kotak CA holders | ||
| Flexible repayment tenure | ||
| No hidden charges | ||
| Online document upload |
InstaBIZ portal for MSMEs
EMI holiday for first 3 months
OD & CC facilities
GST-based instant offers
Pre-approved for Kotak CA holders
Flexible repayment tenure
No hidden charges
Online document upload
Which Is Better — ICICI or Kotak?
It depends on your priorities. Here is a quick guide.
Choose ICICI If...
- Lower starting interest rate (11% vs 11.5%)
- Higher max loan amount (Rs 3 Cr vs 2 Cr)
- Longer max tenure (6 yrs vs 5 yrs)
- Lower maximum rate (15.5% vs 16%)
Choose Kotak If...
- Trusted brand with strong business loan offerings
Still unsure? Contact Money Matrix Hub for a free personalised recommendation based on your income, credit score, and loan requirement.
Eligibility Comparison
General eligibility criteria for business loan at both banks.
ICICI Eligibility
- Business vintage: 2+ years (ITR required)
- Min annual turnover: Rs 15 Lakh
- CIBIL score: 650+ preferred
- Valid GST registration
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Kotak Eligibility
- Business vintage: 2+ years (ITR required)
- Min annual turnover: Rs 15 Lakh
- CIBIL score: 650+ preferred
- Valid GST registration
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about ICICI vs Kotak business loan.
Which bank has a lower business loan interest rate in 2026 — ICICI or Kotak?
ICICI currently offers a lower starting rate of 11% p.a. for business loan. However, the actual rate you receive depends on your credit score, income, and loan amount. Money Matrix Hub can help you get the best negotiated rate from both banks.
What is the maximum business loan amount I can get from ICICI vs Kotak?
ICICI offers a higher maximum loan amount of up to Rs 3 Cr. ICICI offers up to Rs 3 Cr while Kotak offers up to Rs 2 Cr for business loan.
Which bank charges a lower processing fee for business loan — ICICI or Kotak?
ICICI charges a processing fee of 2.00% (min Rs 10,000), while Kotak charges 2.00% (min Rs 15,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose ICICI or Kotak for business loan in 2026?
The best choice depends on your specific needs. ICICI offers rates from 11%–15.5% with a max tenure of 6 years, while Kotak offers 11.5%–16% with 5 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a business loan from both ICICI and Kotak?
Yes. Money Matrix Hub is an authorised DSA partner for both ICICI and Kotak. We can submit parallel applications at no extra cost and help you pick the best sanction offer. Our service is 100% free for borrowers.
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