Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • ICICI Gold Loan is Rated as "Great!" by 16237 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
      "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 i have taken loan from other source. When it comes to customer service, it was good, they responded on time and also followed up correctly. The rate of interest was way high when compared to other sources in the market.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Poor Service"
      0.5 1.0/5 "Really Bad"
      I have applied for a personal loan with ICICI bank. They collected the documents by next day but ICICI bank rejected my loan application stating that my salary is Rs. 18000 less than their loan eligibility criteria they told all this after my documentation process got over.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with ICICI bank. They collected the documents by next day and said that the loan will be disbursed within 1 week but done in 3 weeks of time. They offered me the loan with 10.99% as the rate of interest and the processing fees was Rs. 1500 which is also little high. And no status was given properly to me, I followed up from my side.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with ICICI bank. They collected the documents within 2 days itself and they took lot of time to approve the loan and disbursed my funds after follow up was done repeatedly from my end. I don't remember how much is the rate of interest and the processing fees.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with ICICI bank. They collected the documents by next day which was a smooth process but they closed my application in error then when I contacted them and asked them to process it again then they reopened my application and disbursed the loan within 10 days. They offered me the loan with 16.99% as rate of interest which is very high compared to other banks and processing fees was around Rs. 5000.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • ICICI Bank Personal Loan
      "Rejected my loan application"
      0.5 2.0/5 "Expected more"
      As my company was not on the list of ICICI bank they were not able to provide me the personal loan.That's the reason why i could not move on with ICICI bank. The customer executive who contacted gave me a good response and all that was satisfying.
      Was this review helpful? 0
      , proddatur
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Rate of interest is high"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with ICICI bank.The rate of interest with the bank was too high for 3 lakhs rupees. As the high rate of interest with the bank i did not proceed further with the bank. I did not have much interaction with the bank either.
      Was this review helpful? 0
      , guntur
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good response"
      0.5 3.0/5 "Satisfactory"
      Its good bank but my loan application got rejected as i dont have any documents for my current address and the proof which i hold was with my permanent address proof were it is far from my current location. The customer service and response was good.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good bank"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan from ICICI bank. Since i got a better deal from some other bank, i had to close the loan application with this bank ans had to go with the other bank. They gave me good follow up.The customer executives and response was good.
      Was this review helpful? 0
      , patna
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with ICICI bank. And my requirement was about 4 lakhs. I think they have contacted and i could not able to pick up the call. Yes i am totally satisfied with the bank and the response given. In future i can check with them again.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with ICICI bank. They collected the documents by next day and within a week my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 15.99% as rate of interest and the processing fees is Rs. 6000 which is very high. My 1st EMI date is gone my cheque is not collected and customer care is not responding regarding this and they asked me to visit the bank directly for this.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It was a good customer service i received from the ICICI Bank side. The contacted me on time and delivered all the information required for the loan process .The executive informed me that i don't have pf and esi deduction on my pay slip so the bank can not give the loan , like this they informed me . Well it was a good experience .
      Was this review helpful? 0
      , secunderabad
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from ICICI bank, my loan application was approved and the requested amount was disbursed. The process was very smooth and easy, it took 10 days for the loan to get approved. The customer service was good, they responded on time and they provided door step service to collect the documents. It was overall a good loan experience.
      Was this review helpful? 0
      , bareilly
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "OK OK EXPERIENCE"
      0.5 1.5/5 "Bad"
      I asked for a top up from the ICICI Bank the Rate of interest was high 14% what they were providing .the customer service was OK but it could have been more better . The Rate of interest was high so i canceled the the application . it was a OK OK experience .
      Was this review helpful? 0
      , jodhpur
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with ICICI bank. They collected the documents little lately and they didn't responded to me quickly or well. My personal loan got approved but it took 3 weeks to disburse the funds after my documents submission. They offered me the loan with 10.99% as rate of interest and there are no processing fees too.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      As I'm a valuable customer with ICICI bank for around 1.5 years they offered me a personal loan which I accepted it and took it. They collected the documents by next day and within a week my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 12.50% as rate of interest and there are no processing fees too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from ICICI bank, my loan application was closed because there was an issue with the salary payslip, i did not have payslip for last 2 months due to which they were not able to proceed. Customer service was good and they responded on time. The rate of interest is high when compared to others in the market.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan from ICICI bank, my loan application was closed because there was an issue with documents. When it comes to customer service, it was not up to the mark, there was some discussion going on in regards to the documents that i have submitted the documents to the third party whereas i did not submit the documents to them. The rate of interest was way high when compared to other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      I have applied for the personal loan from ICICI bank, my loan application was closed because i did not have 3 months salary payslip. I was in bed rest as i met with an accident few months back. Customer service was not up to the mark, they did not follow up after the documents were collected. They were still asking for the payslip as they cannot proceed further without it. The rate of interest was not an issue, it was nominal.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a wonderful experience with ICICI for my personal loan service the customer service was awesome and the documents part was easy with ICICI and they quoted me a interest rate of 11.99 which was good compare to others it was totally a good experience with ICICI for my personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
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