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:
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.
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.
Your rates will vary according to the product variants.
Penal interest is not applicable for agricultural loans up to ? 25,000 per customer.
|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|
Greater than ? 2 Lacs - ? 500
|Stamp Duty and other statutory charges||As per Applicable laws of the State|
The minimum loan amount that you can avail is Rs. 10,000 and the maximum is Rs. 15 Lakhs.
These are the documents which need to be submitted:
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.
Interest is calculated as simple interest, which is fixed and is calculated on reducing balance basis.
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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