Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • ICICI Gold Loan is Rated as "Great!" by 16507 Users
    Personal Loan BYTES FROM OUR KITCHEN

    ICICI Gold Loan

    Apply for Personal Loan

    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
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      My personal loan is from ICICI Bank and the bank has given me a good deal on the interest rate. I have a rate of 10.49% and the processing charges is good. The after loan services are also good and the documentation process is simple and easy. It was a hassle free process in all.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 23, 2018
    • ICICI Bank Personal Loan
      "Needs Improvement"
      0.5 3.0/5 "Satisfactory"
      The ICICI bank has disbursed the loan amount with in 20 days of time. The response part need to be improved with the ICICI bank. The customer support service has to maintain a follow up with the customers. The rate of interest and the charges are average with the ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank took around a month time to disburse my personal loan amount. The reason for the delay was their customer support, they need to be responsive. The required loan amount was not disbursed by ICICI bank. The rate of interest was high with the ICICI bank when compared with others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 22, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I took my personal loan with ICICI bank for the amount of rs1,00,000 with rate of interest at 13% and 36 months of tenure. I feel right now that my interest rate with ICICI is little bit high. I received the loan amount which I expected and loan was disbursed in the given time period.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 22, 2018
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I had taken a personal loan from ICICI ,the service is good with Icici personal loan department. They offered me an interest rate of 11 % which was high when compared to others in the market. The documents have been collected from my door step. It was totally a good experience with Icici personal loan department.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jan 22, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      The rate of interest offered by Icici personal department is 14.25 which was little higher when compared to others in the market. The customer service is good and the documents have been collected from my door step . It was an excellent service that I received from ICICI team.
      Was this review helpful? 0
      , surat
      Reviewed on Jan 22, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The service is good with Icici.The process was little delayed as they took 1.5 months to complete my loan process. I feel they lack in communication but the interest rate they quoted me was 14.75 % which is actually good. The documents have been collected @ my door step which was an easy process. It was an average service from Icici personal loan department.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • ICICI Bank Personal Loan
      "Need to Improve"
      0.5 1.0/5 "Really Bad"
      I have my personal loan with ICICI bank. The loan amount was 2.27 lakhs and the interest rate was 15% which is average in the market . The tenure period was 4 years . The loan process was smooth but the processing fee was very high so I am but disappointed here . My overall experience was not up to the mark.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with ICICI bank. The loan amount was 3.7 lakhs and the Interest rate was 11.5% which is average in the market. The tenure was 5 years. They have provided door step service for collect9nmg document. My overall experience was good and its recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 20, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The customer support was good with the ICICI bank and they have disbursed the loan amount within 10 days of time. The promises need to be fulfilled by ICICI bank when it comes to interest rate. The rate of interest and the charges are quite high when compared with others.
      Was this review helpful? 0
      , khammam
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The personal loan process took so much of time. The promises haven't haven't fulfilled by ICICI bank. Even though the loan was pre approved they were asked me to submit ht documents. The required loan amount has been given and I am satisfied with it. The rate of interest is average and I am fine with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The ICICI bank personal loan service was good. They took around 10 days of time to disburse my loan amount. The customer support service is good with the ICICI bank. They gave me better response in regards to my personal loan service. I have applied for the loan amount of Rs,12,00,000 but I have got only Rs,5,00,000. The rate of interest is high with the ICICI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had the personal loan with the ICICI bank and the interest rate was around 11% to 12%. I would like to say that the disbursement took around a week of time. Responsiveness is very good one with the ICICI bank and am really happy with them till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with ICICI bank. The loan amount was 3.7 lakhs and the Interest rate was 11.5% which is average in the market. The tenure period was 5 years. They have provided door step service for collecing document. My overall experience was good and its recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Customer service is good one with the ICICI bank personal loan. I have not received any conformation from them in the hard copy. I would like to say that the rate of interest is around 14% ,which was later decision prior as 12%. Finally, they have increased their interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Customer service is good one with the ICICI bank personal loan. I have not received any conformation from them in the hard copy. I would like to say that the rate of interest is around 14% ,which was later decision prior as 12%. Finally, they have increased their interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Need improvement in disbursement"
      0.5 2.0/5 "Expected more"
      The ICICI bank took around 9 to 10 days of time to disburse the personal loan amount. The required loan amount has been given and I am satisfied with the loan amount. The rate of interest is average with ICICI bank when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Need to Improve"
      0.5 2.0/5 "Expected more"
      I have my Personal loan with ICICI bank. The loan amount was 1 lakh and the Interest rate was 11-12% which is average in the market. Here there are no proper responses and the tenure period was 3 years. The loan process was bit hard since they have delayed a month for processing so I am a bit disappointed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      It was the good experience with the ICICI bank and the interest rate was around 14.23%. I would like to say that the customer service is good one for me. Response is also fine one for me with them and I have not faced any issues with them till now.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI bank. I had a very good loan process here. The loan process was good the loan amount what they had requested was for 4 lakhs and the Interest rate was satisfactory. The tenure period was 4 years.Here the loan process was good and the processing fee was higher than other banks in the market. My overall experience was good and this bank is very much recommendable.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2018
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