ICICI Bank Gold Loan at Low Interest rate and Quick Approval

✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Apply Now

ICICI Bank, one of the country’s leading financial institutions, offers gold loans at competitive interest rates starting from 9.25% p.a. You can borrow up to ₹2 Crores with flexible tenures of up to 12 months to meet your personal, business, or agricultural needs. Enjoy a seamless application process with both online and offline options, along with convenient digital auto-renewal and a top-up loan facility.

Why Choose ICICI Bank Gold Loan

Unlock the full potential of your gold with ICICI Bank’s hassle-free gold loan solutions. Here is how:

Low Interest Rates

Get a gold loan at competitive interest rates starting from 9.25% p.a., which makes repayments a lot more affordable.

Quick Loan Disbursal

Enjoy a swift gold loan application process, wherein funds are disbursed promptly to address your immediate financial needs.

High Loan-to-Value

Apply for a gold loan of up to ₹2 Crores, which leverages a significant percentage of your gold’s current market value.

Flexible Repayment Options

Choose a repayment tenure ranging from 6 to 12 months, which allows you to comfortably repay the loan amount.

Minimal Documentation

Benefit from a hassle-free application process requiring only basic identification and address proof.

Features and Benefits of ICICI Bank Gold Loan

Experience a convenient and hassle-free way to get a gold loan with ICICI Bank. Here are some of the key features and benefits you can enjoy:

Doorstep Services

Get your gold appraised at home and transported safely from your residence to the bank with added security.

Minimal Paperwork

Enjoy a smooth application process by simply scanning and submitting basic KYC documents.

Top-up Facility

Borrow additional amounts on your existing gold loan as and when required.

No Income Proof

You are not required to submit your salary slips or bank statements when applying for this loan.

ICICI Bank Gold Loan Interest Rates and Charges

Here are the interest rates for an ICICI Bank Gold Loan in India:

Rate Type	Interest Rate
Minimum	9.25% p.a.
Maximum	18.00% p.a.
Average	11.22% p.a.

Here is the list of associated charges for an ICICI Bank Gold Loan that you should know about:

Other Charges	Twelve-month Loan	Six-month Loan
Penal Charges on Overdue Amount	5% p.a. on overdue amount until payment, plus taxes	5% p.a. on overdue amount until payment, plus taxes
Overdue Handling Charges	₹750 if notice is delivered ₹1,700 if paper publication is needed ₹300 for auction charges ₹200 for Loan Recall Notice (both additional)	₹750 if notice is delivered ₹1,700 if paper publication is needed ₹300 for auction notice ₹200 for Loan Recall Notice (both additional)
Foreclosure Charges	Nil after 180 days 0.50% within 180 days 1% within 90 days 2% within 30 days	Nil after 120 days 0.50% within 120 days 1% within 60 days 2% within 30 days
Processing Fees	Up to 2% of the loan amount	Up to 2% of the loan amount
Valuation Charges	₹350 for loans up to ₹3 Lakhs ₹750 for ₹3–10 Lakhs ₹1,500 for above ₹10 Lakhs	₹350 for loans up to ₹3 Lakhs ₹750 for ₹3–10 Lakhs ₹1,500 for above ₹10 Lakhs

Disclaimer: The above charges are subject to change at the lender’s discretion.

ICICI Gold Loan Eligibility and Documents Required

ICICI Bank Gold Loan is accessible to a broad range of individuals; however, borrowers must meet the following eligibility criteria:

You must be between 18 and 85 years old
Only Indian citizens can apply
The gold you are pledging must be between 18 and 22 karats
You must be either self-employed, a business owner, a senior citizen, a salaried professional, or a homemaker

Additionally, at the time of applying for a gold loan, you will need to submit the following documents:

Identity Proof: (Any one of the following)
- Aadhaar card
- Passport
- Voter ID
- Ration card
- Driving Licence

Address proof: (Any one of the following)
- Driving Licence
- Voter ID
- Passport
- Aadhaar card
- Job card NREGA (National Rural Employment Guarantee Act)

Proof of land-holding: In case a loan amount of over ₹1 Lakh is borrowed for agricultural purposes
Supporting documents in case a loan amount of over ₹5 Lakhs is borrowed for allied agricultural activity
Passport-size photograph

Additional documents may be requested as needed. Ensure you inquire with the bank for a complete list of documents required for the application process.

How to Apply for ICICI Bank Gold Loan Online

Follow these simple steps to apply for an ICICI Bank Gold Loan online:

Visit the official website of the ICICI Bank
Navigate to the 'Loans' tab and click on 'Gold Loan'
Select the ‘Apply for Gold Loan’ option
Enter your full name, mobile number, and OTP in the online application form
Click on ‘Apply Now’

A bank representative will contact you for further steps and guide you through the application process.

ICICI Bank Gold Loan Repayment Options

ICICI Bank offers flexible and convenient repayment options for a gold loan. This ensures that your overall borrowing experience is hassle-free. Borrowers can choose from multiple payment methods based on their suitability.

You can choose to repay your gold loan using a cheque, demand draft, or even fund transfer through ICICI Bank’s banking channels. These methods allow you to clear your outstanding balance in a secure and efficient manner. Once you have repaid the amount in full, the bank will return the gold you have pledged immediately.

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Gold Rate in Indian States

Gold Rate in Popular Cities

Is my mortgaged gold safe with ICICI Bank?

When you deposit your gold jewellery with the bank to get a loan, it is stored in a safety vault in a protected area of the bank.

What is the minimum gold loan amount offered by ICICI Bank?

Applicants can borrow amounts starting from just ₹50,000 by mortgaging your gold with ICICI Bank.

Can I prepay or foreclose my gold loan from ICICI Bank?

Yes, the gold loan can be prepaid. However, you will be required to pay a charge of up to 2% for utilising this facility.

What is the interest rate on ICICI Bank Gold Loan?

ICICI Bank Gold Loan interest rate starts from 9.25% per annum and goes up to 18% per annum. This depends on different factors such as the loan amount and tenure. The final applicable interest rate offered to you is based on the gold’s assessment conducted by ICICI Bank.

How much loan can I get against my gold?

The minimum loan amount you can get against your gold is ₹50,000, and the maximum amount is ₹2 Crores. This depends on the value and purity of the gold you are pledging. The Loan-to-Value (LTV) ratio is determined as per the RBI’s guidelines.

Can I apply for an ICICI Bank Gold Loan online?

Yes, ICICI Bank allows you to apply for a gold loan facility online on their website. Simply visit the website, click on ‘Apply for Gold Loan’, and fill in the required details.

What happens if I don’t repay my Gold Loan?

If your gold loan is not repaid within the agreed-upon tenure, then penalty charges will be applicable. In case of continuous default, ICICI Bank reserves the right to auction the pledged gold to recover its outstanding amount as per the lending terms.

Is my mortgaged gold safe with ICICI Bank?

Yes, ICICI Bank ensures that the pledged gold is placed in highly protected storage vaults with advanced security measures. The bank follows strict safety and security protocols to safeguard the customer's valuable assets.

What is the gold loan rate per gram at ICICI Bank?

The gold loan rate per gram at ICICI Bank fluctuates on a daily basis. This rate depends on the current market price of gold. Additionally, the per gram rate differs based on the purity of the gold.