Gold Loans

Instant Gold Loan

You can now walk-into any of our ICICI Bank branch offering Gold loans with your jewellery and you can avail gold loan for any value from Rs.. 10,000 to Rs. 15 Lakhs instantly. With our simple and easy documentation process, the loan can be availed across the counter instantly.

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Gold Loan calculator

TENURE (in months)
Number of Ornaments
S.No Carat Weight (Gms) Loan Amount
1
2
3
4
5
6

Disclaimer: If number of articles are greater than 6, then please mention the approximate carat and grams in the last row for remaining articles.

Breakup of Ornament Values
Eligible Loan Amount
 

Disclaimer: The calculated value is approximate prediction. Final value may difffer basis actual valuation in branch. The calculated value does not apply on special jewelry such as Kundan, Stoned Jewelry etc. Gold coins(in 24 carat) accepted only 50 gms per customer subject to being issued by banks operating in India Terms & Conditions Applied

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Safety

Your gold is absolutely safe with us. Your Gold is kept in Vault Safe in Strong Rooms of ICICI Bank giving you the guaranteed assurance of complete transparency and peace of mind. Your Gold is valued in your presence, sealed and kept in Vault Safe. Whenever you wish to get your Gold back it will be given back to you in exactly the same state as you submitted in the first place.

Description Minimum Maximum
Loan Amount ₹10,000 3 months
Loan Tenure ₹15,00,000 12 months

Charges

Particulars Maximum Mean
Processing Fees 1.0% of loan amount 1.0% of loan amount
Foreclosure charges 1%, If a/c is closed within 11 months 1%, If a/c is closed within 5 months
NIL, If a/c is closed after 11 months NIL, If a/c is closed after 5 months
Gold OD - 1% of the facility amount, if the facility is prepaid within 11 months or post 30 days of autorenewal. NA
Documentation Charges* ₹199
Renewal Fees
For loans:
  • Up to 50 thousand: ₹300
  • Greater than 50 thousand up to 1 lakh: ₹350
  • Greater than 1 lakh up to 2 lakh: ₹500
  • Greater than 2 lakh :₹ 1000
Stamp Duty and other statutory charges As per Applicable laws of the State
Overdue Handling Charges (delinquent accounts)

750 where a notice has been delivered at the communication address and a paper publication is not required

1,700 where no notice has been delivered at the communication address and the paper publication is to be done

300 charge for sending auction notice, over and above the preceding points I) and II) 200 for sending loan recall notice over and above the preceding points I) and II)

GST, other government taxes, stamp duty, levies, etc. as per prevailing rate will be charged over and above these charges. The above fees will not be applicable for agricultural loans upto ₹ 25,000 per customer

  • Applicable for flexi Gold Loan product.
  • Applicable from December 01, 2018

Annual Percentage Rate:

Documents Checklist

  • Application form with photograph
  • ID Proof such as Driving License / PAN Card / Form 60/61 / Passport Copy / Voter ID Card / Aadhaar Card / Ration Card. Any one document needs to be submitted
  • 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

Gold Loan FAQs

  • What is Gold Loan?

    ICICI Bank offers loan against gold jewellery. A customer can quickly avail of a Gold Loan for any value from Rs 10,000 to Rs 1 Crore with simple and easy documentation process.

  • How to get a Gold Loan?

    To get a Gold Loan, you can walk into any ICICI Bank branch offering Gold Loan with your jewellery and avail of a Gold Loan for any value from Rs 10,000 to Rs 1 Crore quickly. With our simple and easy documentation process, the loan can be availed of across the counter quickly. Alternatively, you can give a missed call on 8444884448 and our executive will call you with all the necessary details.

  • What is the interest rate of a Gold Loan?

    ICICI Bank Gold Loan comes to you at attractive interest rates starting from 11% per annum based on the prevalent market situation. The rates will however vary according to the product variants.

  • How long does it take to complete a Gold Loan approval process?

    ICICI Bank provides quick loan disbursal in just 60 minutes. This is however, subject to the verification of the gold and other documents that you submit. Approvals are at the sole discretion of the bank.

  • What is the maximum Gold Loan amount that I can take?

    Gold Loans against your jewellery can be availed of for minimum Rs 10,000 and maximum Rs 15 lakh per customer.

  • Who can avail an ICICI Bank Gold Loan?

    You can avail Gold Loan if you are an individual within the age group of 18 to 70 years.

  • What are the documents that I need to submit?
    • What are the documents that I need to submit?
    • ID Proof such as Driving License or PAN Card or Form 60/61 or Passport Copy or Voter ID Card or Aadhar Card or Ration Card. Any one document needs to be submitted
    • Address Proof such as Driving License / Voter ID Card / Ration Card / Aadhar 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 `1 Lakh
  • Can I partially repay the Gold loan amount?

    You can avail Gold Loan if you are an individual within the age group of 18 to 70 years.

  • 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.