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.50,000 and the maximum is Rs. 2 crore.

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.

How is the interest on my account calculated?

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

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.

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ICICI Gold Loan

You can avail a gold loan from ICICI Bank by pledging your gold ornament with interest rate starting at 9.25% p.a. and loan amount up to Rs.1 crore. The maximum repayment tenure offered is for 1 year with a processing fee of 1% of the loan amount charged by the lender.

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ICICI Bank Gold Loan Details

Interest Rate	9.25% p.a. onwards
Loan Amount	Up to Rs.2 crore
Loan Tenure	Up to 1 year
Processing Fee	2% of the loan amount + GST

Financial needs that can be met with the easy-to-avail ICICI Gold loan are:

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.50,000 to Rs.2 crore. 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: The interest rate that the gold loan is offered ranges between 9.25% p.a. to 18.00% p.a.
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 85 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.

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ICICI Bank Gold Loan Interest Rate

Your rates will vary according to the product variants.

Minimum	9.25%
Maximum	18.00%
Mean	11.22%
Penal Interest	5%

Check latest gold loan interest rate offered by other banks.

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	2% of Principal Outstanding	2% of Principal Outstanding
Processing Fees	2.0% of loan amount	2.0% of loan amount
Documentation Charges	Rs.500	Rs.500
Stamp Duty and other statutory charges	As per Applicable laws of the State

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FAQs on ICICI Bank Gold Loan

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.50,000 and the maximum is Rs. 2 crore.
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.
How is the interest on my account calculated?
Interest is calculated as simple interest, which is fixed and is calculated on reducing balance basis.
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.

Important Personal Loan Pages

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

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