ICICI Bank UK
The UK subsidiary of India's ICICI Bank, lending £1m to £20m against income-producing UK commercial property at up to 65 per cent loan to value, on terms of up to seven years.
What they do
ICICI Bank UK is a deposit-funded UK bank with seven offices across London, Birmingham and Manchester. Its commercial real estate line lends £1m to £20m against income-producing property, offices, industrial and warehousing, hotels, student accommodation and residential portfolios, at up to 65 per cent loan to value on amortising or interest-only terms of up to seven years, with hedging available. Each borrower gets a named relationship manager, and the process runs from indicative terms through credit approval to valuation and legals. Corporate banking beyond property is oriented to the UK-India corridor and multinational relationships.
Where they fit in a lower-mid-market raise
A £3–15m property facility fits the published band exactly, and the seven-year tenor is longer than most specialist property lenders will write. For a business with operations or ownership spanning the UK and India, the wider corporate relationship is worth having in one place. Portfolio owners are the natural borrower, and the bank says as much.
Where they are not the fit
The asset has to be income-producing: development, vacant property and anything repaid from a sale rather than rent falls outside the published product. Leverage is capped at 65 per cent, which is conservative against the specialist market. General corporate lending outside the India corridor is not on offer, and there is no leveraged buyout appetite.
Published terms
- Pricing
- No published margin. CRE terms: up to 65% loan to value, tenure up to 7 years, amortising or interest-only, variable or fixed rate with hedging available
- Speed to terms
- Not published
- Sponsored or sponsorless
- Corporate/property-owner oriented; CRE lending to portfolio owners of income-producing property. No published private-equity sponsor leveraged buyout appetite. Corporate Banking gated to India-UK corridor and MNC GIC/GCC relationships
- Where they lend
- UK (GB). Seven branches London, Birmingham, Manchester. Corporate Banking themed to UK/Europe-India corridor
- How they decide
- CRE process: initial discussion, asset/cashflow/sponsor review, indicative terms, credit approval, valuation and legal, completion. Dedicated Relationship Manager per borrower
As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.
What rules a deal out
Stated limits, taken from ICICI Bank UK’s own published criteria. A limit is where a lender starts from, not where it always ends: several of these move on a strong enough credit.
- Property must be income-producing
- Conservative loan to value cap 65%
- Portfolio owner (four or more properties) requirement noted
How they sit against the category
- Its published ceiling is £20m; 20 of the 42 challenger and specialist banks here go at least as high.
- 18 of the 42 publish an indicative price at all; it is one of them.
Counted across the 42 challenger & specialist banks in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does ICICI Bank UK write?
Published facilities run £1m to £20m. A band is what a lender states it will do, not what it will do on a given credit.
Does ICICI Bank UK lend to companies without a private-equity sponsor?
Yes. ICICI Bank UK lends to owner-managed and corporate borrowers, and publishes no private-equity sponsor proposition.
Where does ICICI Bank UK lend?
UK (GB). Seven branches London, Birmingham, Manchester. Corporate Banking themed to UK/Europe-India corridor.
What does ICICI Bank UK lend?
The published product set is commercial real estate (cre) investment loan. Published sector focus is hotel, industrial, mixeduse, office, residential.
On the record
2025: no named CRE transaction disclosed publicly; FY2025 report states loan disbursements increased vs FY2024 as business volumes grew, loans and advances to customers USD 964m up ~8.4% YoY (High - FY2025 Strategic report.
Sources: icicibank.co.uk
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.