ICICI Bank Gold Loan

ICICI Bank Gold Loan Highlights
Interest Rates	9.25% p.a. onwards
Collateral	Pledge of your gold jewellery or 24 carat gold coins issued by various banks operating in India
Loan Tenure	6 months and 1 year
Loan Amount	Rs 50,000 to Rs 2 crore
Gold Loan Repayment Facility	Either at the end of the loan tenure or through part-payments
Processing Fee	2% of the loan amount
Valuation Charges	Up to Rs 1,500
Foreclosure Charges	Up to 2% of the outstanding principal

Last updated as of 20 March 2025

ICICI Bank Gold Loan Interest Rate

ICICI Bank gold loan interest rate starts at 9.25% p.a. The bank can consider the credit profile of the applicant, tenure, quality of the gold jewellery offered as collateral, type of gold loan facility availed, etc. while setting gold loan interest rates for its customers.

ICICI Bank Gold Loan Processing Fees, Foreclosure Fees & Other Charges

Foreclosure Charges – For all schemes except Flexi Loans

Particulars	Charges
12 months product	NIL if the loan is foreclosed after 180 days of loan disbursal; 0.50% of the outstanding principal if the loan is pre-closed within 180 days; 1% of the outstanding principal if the loan is preclosed within 90 days of disbursal; 2% of the outstanding principal if the loan is pre-closed within 30 days of disbursal
6 months product	NIL if the loan is foreclosed after 120 days of loan disbursal; 0.50% of the outstanding principal if the loan is pre-closed within 120 days; 1% of the outstanding principal if the loan is preclosed within 60 days of disbursal; 2% of the outstanding principal if the loan is pre-closed within 30 days of disbursal

Foreclosure Charges – For Flexi Loans

Particulars	Charges
12 months product	2% if the Flexi Gold Loan is closed within 1 month of account opening or renewal
6 months product	2% if the Flexi Gold Loan is closed within 1 month of account opening or renewal

Processing Fees & Other Charges

Particulars	Charges
Processing Fees	Up to 2% of the loan amount
Renewal Charges	For loans: Up to Rs 1 lakhs: Rs 350 Above Rs 1 lakh to Rs 5 lakh: Rs 750 Above Rs 7 lakh: Rs 1,750
Documentation Charges	Rs 500 for Flexi loans
Valuation Charges	For loans: Up to Rs 3 lakh: Rs 350 Above 3 lakh to 10 lakh: Rs 750 Above 10 lakh: Rs 1,500
Gold OD	1% of the facility amount if the facility is prepaid within 11 months or post 30 days of auto-renewal (for 12 months tenure)
Top Up Charges	1% of top-up amount, subject to a minimum of Rs 250

Loan Related Recovery Charges

Particulars	Charges
Overdue Handling Charges	Rs 750 in case a notice is delivered to the communication address and a paper publication is not required Rs 1,700 in case no notice is delivered to the communication address but the paper publication is to be done Rs 300 for sending an auction Notice, over and above preceding points 1 and 2. Rs 200 for sending a Loan Recall Notice, over and above preceding points 1 and 2.
Charges incurred in filing a legal suit	At actuals
Paper advertisement charges	At actuals
Auction charges for re-possessed asset	At actuals

Note: The above-mentioned fees are not applicable for agricultural loans for up to Rs 25,000 per individual.

Types of ICICI Bank Gold Loan

Gold Loan

ICICI Bank offers gold loan against the security of gold jewellery or 24 carat gold coins issued by any banks operating in India only. The gold coin(s) should have 99.99% purity and the weight of the gold coin(s) shall not exceed 50 grams per applicant as per RBI policy. The bank also offers instant gold loan facility.

Loan amount

Applicants can avail ICICI gold loans between Rs 50,000 to Rs 2 crore instantly

Tenure

ICICI Gold Loans are offered for tenures 6 months and 1 year.

Repayment Facility

Applicants can repay their gold loans at the end of the loan tenure or through part payment facilities. The monthly instalment facility is not available

ICICI Gold Loan Top-Up

ICICI Bank also provides a Gold Loan Top-up facility to its existing gold loan borrowers. This facility provides additional funds to the borrowers without pledging any further collateral or security.

The bank also offers pre-approved Top-up facility to its select existing customers. One can check his/her eligibility for ICICI Bank Pre-approved Gold Loan Top Facility by visiting ICICI Bank’s iMobile App or Internet Banking facility, by contacting the bank’s Customer Care or by visiting ICICI Bank branches.

Eligibility Criteria for availing ICICI Gold Loan

Stated below are the eligibility criteria for availing gold loan from ICICI Bank:

• Self–employed individuals, homemakers, senior citizens, business owners and salaried individuals are all eligible for an ICICI Gold Loan
• ICICI Bank offers gold loans to applicants aged 18 to 85 years
• Purity of Gold – 18 to 22 carat

Documents Required for ICICI Gold Loan Application

Stated below is the detailed list of documents required for availing ICICI Bank Gold Loan:

• Passport size photographs – 2 copies
• ID proof (any one) – Passport Copy/Voter ID Card/Driving License /Aadhaar Card / Ration Card
• Address Proof – Driving License/ Passport Copy/ Job Card issued by NREGA/Voter ID Card/Aadhaar Card
• Proof of land holding in the case of an agriculture loan of more than Rs 1 lakh
• Proof of supporting documents for an Allied Agri Activity Loan of more than Rs 5 lakh

ICICI Gold Bank Loan EMI Calculator

Applicants planning to avail Gold Loan from ICICI Bank can use our online Gold Loan EMI Calculator, to find out their EMI based on the loan tenure and interest rate. Alternatively, applicants can visit the Gold Loan EMI calculator listed on the ICICI Bank’s website.