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Featured
Icici Bank Gold Loan Bazaar

Loan Amount

Rs 10,000 to Rs 15,00,000

Interest Rate

10% to 16.5%
Featured
Icici Bank Gold Loan Bazaar

Loan Amount

Rs 10,000 to Rs 15,00,000

Interest Rate

10% to 16.5%
Bank
Loan Amount
Interest Rate
Loan Tenure
Processing Fee
Featured Category
Icici Bank Gold Loan Bazaar ICICI Bank
Rs 10,000 to Rs 15,00,000
10% to 16.5%
6 months to 1 year
1.0% of loan amount

Bank Name

ICICI Bank

Processing Fee Range

1.0% of loan amount

Tenure Range

6 months to 1 year

Foreclosure charges

NIL to 1%

Renewal Fees

Up to Rs 1 Lacs - Rs 250, Greater than Rs 1 lacs – up to Rs 2 Lacs - Rs 350, Greater than Rs 2 Lacs - Rs 500

Interest Rate

10% to 16.5%

Time Taken

Around 30 minutes

Carat Requirement

18 ct to 24 ct

Age Required

18 years to 70 years

Document Charges

N A

ICICI Bank Gold Loan :

ICICI Bank Gold Loan offers you lowest & competitive interest rates and is the ultimate solution for your financial needs. You can avail Gold loan anytime in order to fulfill your needs for education of kids, Start a new business or expansion of existing business, purchase of property or automobile or machinery, medical emergency, family holiday, agricultural needs etc. JIYO KHUL KE with ICICI Bank Gold Loan

You can avail gold loan for amount Rs 10,000 to Rs 15,00,000 for a Loan tenure ranging from  6 months to 1-year with Interest rates ranging from 10 % to 16.5 %.Minimum Gold purity must be of 18 ct ranging to 24 ct for a Gold loan.Gold coins up to 50 grams and having 99.99 % purity can be pledged for availing Gold Loan (as per guidelines issued by RBI ).

The gold valuer will appraise your gold ornaments in your presence, will seal and kept in Vault Safe by the Bank giving you the guaranteed assurance of complete transparency and peace of mind. You can compare ICICI Bank gold loan scheme with others bank by clicking here.

Benefits of ICICI Bank Gold Loan :

  • Instant Loan
  • Lowest and attractive Interest Rates
  • Simple and Easy Documentation
  • Repayment at the end of Loan Tenure
  • Complete safety of Gold
  • No Guarantor Required
  • No Income Proof required
  • Maximum Gold Rate per gram

Documents Required for ICICI Bank Gold Loan :

  • 2 passport size photographs
  • One Identity and One Address proof such as Driving License, Pan Card or Form 60/61, Passport, Voter ID Card, Aadhar card by UIDAI, Ration card
  • The borrower must have Proof of land holding for Agriculture loan of more than Rs 1 lakh.

Important Notes :

  • Processing Fees and Penalty Interest is not applicable for agricultural loans up to ₹ 25,000 per customer.
  • Penalty  @ 6 % p.a for late payments.
  • Part payment is possible but gold will be released only after the entire outstanding amount is paid.

Tips to get Best Gold Loan Amount from ICICI Bank Gold Loan Scheme

  • ICICI Bank accepts both hallmarked and non-hallmarked jewelry for getting a gold loan. However, you can get highest gold loan per gram for hallmark jewelry, as it reduces the chances of under-valuation by the valuer. Also, some banks charge a lower processing fees on hallmarked gold jewelry.
  • ICICI Bank adjusts the price of 22 carat gold for purity of gold. Hence, always try to borrow against higher purity jewelry as it will fetch you the highest gold loan rate per gram
  • ICICI Bank will calculate the net weight of jewelry to calculate the amount of loan against gold you can get. Always, try to choose jewelry which has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from total weight of jewelry. ICICI Bank will rely on the report of his gold valuer to calculate the net weight. Higher the weight of gems and stones in jewelry, lower the net weight and value of jewelry which results in lower amount of jewel loan you can are eligible to get Further, ICICI Bank will not accept diamond jewelry if the gold used is of less than 18 carat purity. Most of the diamond jewelry is made in 16 carat to 18 carat gold and hence, will result in very low gold loan per gram.
  • Always try to get the maximum LTV on the value of gold. ICICI Bank is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.