Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • ICICI Gold Loan is Rated as "Great!" by 15654 Users

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    ICICI Gold Loan

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    Overview of ICICI Gold Loan

    Don’t let opportunities slip through your fingers. When you have gold as an asset, you can easily avail a sizeable loan with the ICICI Bank Gold Loan, while your gold stays safe.

    All you financial needs can be met with the easy-to-avail ICICI Gold loan:

    • Business expansion/ working capital requirement
    • Education for children
    • Agricultural need
    • Down payment for buying property/ vehicle
    • Vacation with the family
    • Medical emergency

    Simply walk into any of the ICICI Bank branches which offer Gold Loan and avail your loan across the counter. The easy documentation and quick processing allows you to avail a loan before you know it.

    Features of ICICI Bank Gold Loan

    • Get loan instantly: You can instantly avail gold loan for amounts varying from Rs. 10,000 to Rs. 15 Lakhs. Simply walk into any of the ICICI Bank branches which offer Gold Loan with your jewellery to avail the loan.
    • Documentation: The documentation process is simple and you will be gaining from the most competitive rate per gram.
    • Interest rate: What’s more, the interest rate that the loan is offered at is one of the best available in the market.
    • Safety: Above all else, ICICI values the safety of your precious jewellery, which is why the experts at ICICI do everything to make sure that it is completely safe. The process is completely transparent and secure. First the expert value at the bank appraises the gold jewellery in the presence of the customer, seals the gold in a tamper proof pouch and places them in the bank’s secure vault. So when you leave your gold with ICICI, you will be leaving with complete peace of mind.

    ICICI Bank Gold Loan Eligibility

    Individuals between the ages of 18 and 70 years can apply for the gold loan. Applicant must prove to the bank that he/ she has the sufficient income required to repay the loan amount. As security, the applicant must provide security in the form of gold.

    ICICI Bank Gold Loan Interest Rates

    Your rates will vary according to the product variants.

    Minimum Maximum Mean Penal Interest
    10.0% 16.5% 13.5% 6%

    Penal interest is not applicable for agricultural loans up to ? 25,000 per customer.

    Documentation Required for ICICI Gold Loan

    • Passport size photographs (two)
    • Any one ID Proof such as PAN Card / Driving License/ Form 60/61 / Ration Card/ Voter ID Card / Passport Copy / Aadhaar Card.
    • Any one Address Proof such as Voter ID Card / Driving License / Ration Card / Passport Copy / Aadhaar Card / registered lease agreement. The customer is also required to submit utility bills in the name of landlord which is not older than 3 months old
    • In case of agriculture loan of more than Rs. 1 lakh, customer will need to provide proof of landholding

    ICICI Bank Gold Loan - Other Fees and Charges

    Particulars Twelve months product Six months product
    Prepayment Fees 1% of Principal Outstanding 1% of Principal Outstanding
    Processing Fees 1.0% of loan amount 1.0% of loan amount
    Documentation Charges ? 199 NA
    Renewal Fees

    For loans:

    • Upto ? 1 Lacs - ? 250
    • Greater than ? 1 lacs – upto ? 2 Lacs - ? 350

    Greater than ? 2 Lacs - ? 500

    Stamp Duty and other statutory charges As per Applicable laws of the State

    ICICI Bank Gold Loan FAQs

    1. What are the minimum and maximum loan amounts that I can avail with this loan?

      The minimum loan amount that you can avail is Rs. 10,000 and the maximum is Rs. 15 Lakhs.

    2. What are the documents that I need to submit?

      These are the documents which need to be submitted:

      • Passport size photographs (two)
      • Any one ID Proof such as PAN Card / Driving License/ Form 60/61 / Ration Card/ Voter ID Card / Passport Copy / Aadhaar Card.
      • Any one Address Proof such as Voter ID Card / Driving License / Ration Card / Passport Copy / Aadhaar Card / registered lease agreement. The customer is also required to submit utility bills in the name of landlord which is not older than 3 months old
      • In case of agriculture loan of more than Rs. 1 lakh, customer will need to provide proof of land holding
    3. In case my address changes (due to for example, a change in job location), will I need to contact the bank and let them know?

      Yes. ICICI Bank will have to be notified within 7 working days of you changing your address of residence/ business. The details must be given in writing to the bank.

    4. How is the interest on my account calculated?

      Interest is calculated as simple interest, which is fixed and is calculated on reducing balance basis.

    5. How can I repay the loan amount?

      You can repay the loan by Cheque, Cash, and DD or through Funds Transfer. The jewellery will be released when the bank receives the amount borrowed.

    ICICI Gold Loan Reviews

    • ICICI Bank Personal Loan
      "Average service "
      0.5 3.0/5 "Satisfactory"
      Experience with ICICI bank was an average one for the personal loan process . The customer service was not up to the mark it should be improved . I only got approval of 90% only and the rate of interest was also too high and they told will be charging only 5% as processing fee but they took 10K . The amount got disbursed in 2 weeks .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      The amount for loan got disbursed within 15 days from ICICI Bank . The customer service was good . The documentation took lot of time I got a approval within 3 days . The rate of interest was low only as compared to other banks the processing me was a bit high 2% I felt . The pre closure option was there only after 6 months .
      Was this review helpful? 0
      , naihati
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Bad"
      0.5 2.0/5 "Expected more"
      I have approached ICICI bank for my personal loan but I could not proceed with the loan process due to my personal reason. Their promised rate of interest was 15% which was high comparing to other banks . The customer service and responses was not also not satisfactory.
      Was this review helpful? 0
      , haldwani
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Service should be improved"
      0.5 1.0/5 "Really Bad"
      ICICI response is not upto the mark, they didn't call me to confirm the loan requirement. I got only one message. stating that my loan application got loan without my confirmation. I felt really very bad without proper response bank have closed the request, they should improve the service.
      Was this review helpful? 0
      , tirupati
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      I have approached for my personal loan with ICICI bank. The customer service and responses was up to the mark but they have rejected my application since I am staying out of Punjab. I did not enquired about the rate of interest . My overall experience was satisfactory.
      Was this review helpful? 0
      , khanna
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Very good loan process"
      0.5 4.0/5 "Great!"
      The first and foremost reason for not taking the personal loan from ICICI Bank was because i had taken the personal loan from AXIS Bank. Interest rate was better with axis bank. As far as ICICI Bank service is concerned it is very much average.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "My feedback"
      0.5 3.0/5 "Satisfactory"
      Last month, i had applied for a personal loan at that time there was a need, but later there was no requirement so I had withdrawn the plan of taking the loan No issues with the bank and they were willing to provide the loan. Just that I am more comfortable with SBI because I prefer to do business with ICICI Bank than SBI.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Good personal loan"
      0.5 3.0/5 "Satisfactory"
      I tried my level best to avail the personal loan from ICICI Bank. However the lender can celled my application on the grounds that I am drawing salary via cash and there the process stopped . Also they did not express any interest when I approached them for the personal loan.
      Was this review helpful? 0
      , madurai
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Customer satisfaction should be there"
      0.5 2.0/5 "Expected more"
      Two major constraint with ICICI Bank , number one none turned up for documents collection. Number two, terms and conditions were not matching . Service provided by the bank was not that good. It would be great, if customer satisfaction is there. They did not provide information about prepayment or part payment too.
      Was this review helpful? 0
      , palladam
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Very good process"
      0.5 3.0/5 "Satisfactory"
      ICICI Bank failed to provide the loan as my salary norms were not matching. On the same lines I had not taken the loan from any other bank. Interest rate and processing fee charged by ICICI was a kind of okay . I am happy with the way ICICI treated me when I approached them for this personal loan.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "No idea why loan was not processed"
      0.5 4.0/5 "Great!"
      I wonder why ? ICICI Bank failed to respond as I dont have any issues with the bank. As none turned up for the documents collection, once after I placed a request for the car loan application online. I did not receive calls nor messages from them neither. They did not provide proper information, as I dont have a clue about the interest rate, processing fee etc. Which was charged by the bank.
      Was this review helpful? 0
      , balotra
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I had raised a request for the personal loan with ICICI, but later got to know that I am not eligible for the same. As far as the service is concerned they are very good in providing assistance. I had got all the relevant information from the online portal. From the bank side my request was not action ed it was infact a paperless process and I did not submit any of my documents.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      I had a hassle free service completely from ICICI, within short period of time they done a disbursement. ICICI sanctioned Rs. 5 lakhs with the lower interest rate compared to other banks. ICICI was also gave me part payment and preclosure option.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Its Best"
      0.5 5.0/5 "Blown Away!"
      I am extremely satisfied with ICICI, bank have coordinated well on the personal loan process. ICICI sanctioned amount of Rs. 2 lakhs for the tenure of four years. I am okay with the interest rate, which they charged me around 13.99% for whole period.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "ICICI bank should improve response"
      0.5 2.0/5 "Expected more"
      ICICI have not contacted me on time for the personal loan, No one called me or turned up to collect the documents. That is the reason I processed my loan with HDFC, immediately they reached and taken the paper. I would like to suggest ICICI should improve the service.
      Was this review helpful? 0
      , anantapur
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I had a personal loan from ICICI the service from ICICI is very good ,but the rate of interest which offered by ICICI was little high which 14.25 compare to others in the market and I have uploaded all my documents through online in ICICI website and the payment will be deducted from my account ,the service of ICICI is very good.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      It was an superb service from ICICI they have processed my loan within 5 days also the ICICI customer service was very good responsible and the rate of interest ICICI offered was fine compared to others in the market the documents for my loan process have been collected from my door step and the payments were through online the service from ICICI is excellent.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2017
    • ICICI Bank Personal Loan
      "Good customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from ICICI bank, my loan application was closed because it was not in range and out of geographical area. I have cancelled the plan to take the personal loan. The customer service was good and responsive, the rate of interest was nominal when compared to all other banks.
      Was this review helpful? 0
      , raipur
      Reviewed on Oct 20, 2017
    • ICICI Bank Personal Loan
      "Charges and Interest should be reduced"
      0.5 2.5/5 "Just OK"
      I am not happy with ICICI, they charged me 17.75% of interest for the personal loan where other bank offering me best interest. My principal amount was around Rs. 2 lakhs, I was in a need hence I took and closed the loan by foreclosure, even they took high preclosure charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      ICICI response very good, they done the process on time. I took the amount Rs.77,000 for the tenure of two years. I am completely fine with their service but I felt their rate of interest was higher side for the principal. It was the concern, remaining all good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 20, 2017
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