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ICICI Bank Gold Loan

Home Gold Loan ICICI Bank
हिंदी में पढ़े
Updated: 01-09-2021 11:37:18 AM

Please Note: ICICI Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.

ICICI Bank offers loan against gold or gold jewellery/ornaments at an interest rate of 11% onwards per annum with minimal documentation. The amount can be used to fund your business, education of your children, medical emergency, make down payment for purchase of property or automobile and more. Read more to know about ICICI Gold loan interest rate, loan amount, tenure and applicable fees and charges.

ICICI Bank Gold Loan – Interest Rate & Features – 2021

Eligible Age of Applicant18 to 70 years
ICICI Bank Gold Loan Interest Rate11% p.a. onwards
Minimum Loan AmountRs.10,000
Maximum Loan AmountRs.1 crore
Loan Tenure3 months to 12 months
Collateral/SecurityGold Jewellery or 24 carat gold coins* issued by banks only (operating in India) with 99.99% purity
Processing Fee1.0% of the loan amount
Repayment OptionsCash, Cheque, DD or Funds Transfer

Note: The above mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.

*The weight of the gold coin(s) cannot exceed 50 grams per customer as per RBI policy.

Read more about: Eligibility & Documentation | Fees & Charges | How to Apply | FAQs

Features of ICICI Bank Gold Loan
ICICI Bank Gold Loan EMI Calculator
ICICI Bank Gold Loan- Fees and Charges
ICICI Bank Gold Loan- Eligibility and Documentation
How to apply for ICICI Bank Gold Loan?
ICICI Bank Gold Loan Interest Rate Comparison
ICICI Bank Gold Loan- FAQs

Features of ICICI Bank Gold Loan

With ICICI Bank Gold Loan, you will get-

  • Instant loan disbursal
  • Low interest rates starting at 10% per annum
  • Minimal and simple documentation process
  • Repayment at the end of loan tenure
  • Complete safety of your gold
  • Flexible tenure ranging from 3 months to 12 months

ICICI Bank Gold Loan EMI Calculator

You can use our ‘Gold Loan EMI Calculator’ to check the amount of EMI you will need to pay on your ICICI gold loan. To calculate your gold loan EMI, follow these steps:

Step 1: Click here to visit Paisabazaar’s Gold Loan EMI Calculator page.

Step 2: Enter the loan amount, interest rate and loan tenure

Once you fill the above mentioned details, you will be able to see the EMI amount on the right side of the screen.

By comparing different EMIs on different values of loan amount, interest rate and loan tenure, you can choose the one that gives you the most affordable EMI option.

ICICI Bank Gold Loan- Fees and Charges

Following are the fees and charges applicable to ICICI Gold Loan-

Fees / Charges12-Months Product6-Months Product
Processing Fee1% of the loan amount
Foreclosure Charges1%, If a/c is closed within 11 months

NIL, If a/c is closed after 11 months

1%, If a/c is closed within 5 months

NIL, If a/c is closed after 5 months

Valuation ChargesFor loans:

Up to Rs.1 lakh: Rs.100

Greater than Rs.1 Lakh up to Rs.2 lakh: Rs.200

Greater than Rs.2 lakh up to Rs.3 lakh: Rs.300

Greater than Rs.3 lakh up to Rs.4 lakh: Rs.400

Greater than Rs.4 lakh : Rs.500

Documentation ChargesRs.199
Renewal FeesFor loans:

Up to Rs.50,000: Rs.300

Greater than Rs.50,000 & up to Rs.1 lakh: Rs.350

Greater than Rs.1 lakh & up to Rs.2 lakh: Rs.500

Greater than Rs.2 lakh: Rs.1,000

Stamp Duty and other statutory chargesAs per applicable laws of the State

Note: The above mentioned fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.

ICICI Bank Gold Loan- Eligibility and Documentation

Eligibility Criteria- You can avail Gold Loan if you are an individual in the age group of 18 to 70 years.

Documents Required- The following documents will be required-

  • Two passport size photographs
  • ID Proof such as Driving License / PAN Card / Form 60/61 / Passport Copy / Voter ID Card / Aadhaar Card / Ration Card (any one)
  • Address Proof such as Driving License / Voter ID Card / Ration Card / Aadhaar Card / Passport Copy / registered lease agreement with not older than 3 months utility bills in the name of landlord (any one)
  • Proof of land holding in case of agriculture loan of more than Rs. 1 lakh

How to apply for ICICI Bank Gold Loan?

You can walk-into any of the ICICI Bank branches offering Gold loans with your jewellery and get gold loan for any value from Rs. 10,000 to Rs. 1 crore instantly. 

Alternatively, you can apply for the same online by following these steps-

Step 1- Click here to visit the official website of ICICI bank and select ‘Gold loan’ from the ‘Products’ header

Step 2- Scroll down and in the right hand side corner, Fill up ‘Request a Call back’ form with your details and Click on ‘Submit’.

Step 3- You will get the reference number for your request. The executive will contact you regarding further process.

ICICI Bank in association with M/s Rupeek Fintech Pvt. Ltd. offers Gold Loan at home (facility available at select locations) via which you can get easy disbursement and release of gold at the comfort and convenience of home. 

To know more click here

ICICI Bank Gold Loan Interest Rate Comparison

Have a look at the table below and compare ICICI Bank Gold Loan interest rate and loan amount with other lenders.

LenderGold Loan Interest RateLoan Amount
ICICI Bank11% onwardsRs. 10,000 to Rs. 1 crore
Rupeek9.69% onwardsRanging from below Rs.2 lakh to above Rs.20 lakh
Federal Bank8.50% onwardsRs.1,000 to Rs.1.5 crore
SBI Bank7.30% onwardsRs. 20,000 to Rs. 50 lakh
Axis Bank12.50% onwardsRs. 25,001 to Rs. 25 Lakh
SBI7.50% onwardsRs. 20,000 to Rs. 50 Lakh
Muthoot Fincorp11.99% onwardsRs. 1,500 to Unlimited
HDFC Bank9.90% onwardsRs. 25,000 to Unlimited

ICICI Bank Gold Loan- FAQs

How do I repay the Gold loan?

You can repay the loan by Cash, Cheque, Demand Draft or through Funds Transfer. The ornaments will be released on realisation of amount by ICICI Bank.

How to contact customer service of ICICI Bank regarding gold loan query?

You can give a Missed Call on 84448 84448. 

Can I partially repay the Gold loan amount?

You can make part-payment, but the gold jewellery will be released only after the entire outstanding amount is repaid.

Can I prepay my Gold Loan?

Yes, the loan can be prepaid.

Are there any charges levied for late payment of interest?

You will be charged a penal interest (as the case may be) at the rate of 6% per annum, over and above the normal rate of interest.

How do I approach ICICI Bank for a Gold loan?

You can visit any ICICI Bank branch offering Gold Loans or submit your details in the ‘Call Me’ section for their Executive to contact you.

Who can avail an ICICI Bank Gold Loan?

Any individual within the age group of 18 to 70 years can avail ICICI Bank Gold Loan.

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