ICICI Bank Gold Loan Interest Rates

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ICICI Bank gold loan interest rate starts at 10.00%. ICICI jewel loan interest rate depends on the loan amount, gold purity and the loan to value ratio. The existing customers of the bank have a better chance at negotiating the rates. However, the bank offers attractive rates of interest to both loyal and new customers. ICICI Bank gold loan rate is one of the lowest in the market, making it low on EMI burden for borrowers.

A gold loan can be used for various needs. This is why it is known as a multi-purpose loan. The funds can be utilized for any personal and business need. Many use the funds for financial contingencies such as immediate travel, medical treatment, education, home repair, vehicle repair, etc. Others utilize the funds for planned expenses, such as marriage, big-ticket purchase, etc.

At Loanbaba, you can check for all the ICICI gold loan schemes and their details.

Gold Loan


Interest Rate

10.00 to 17.3 %

Processing charges

1% on the loan value


6 – 12 months

Loan Value

Rs. 10,000 – Rs. 15 lakhs

Prepayment Charges

1% of the outstanding loan

Gold Loan Scheme

EMI Scheme

ICICI Bank Gold Loan Interest Rates Information updated on

ICICI gold loan interest rate changes according to the product variants. The bank charges a simple interest rate, and this is fixed. It is calculated on basis on monthly reducing balance.

  • The bank offers attractive rate of interest on the loan as per the existing market situations for jewel loans.
  • The minimum rate of interest on ICICI gold loan varies between 10.00% and 17.30%.
  • The penal interest rate is 6%. But this interest rate is non-applicable on agricultural loans, which are up to Rs. 25000.

ICICI Bank Gold Loan

Below-given are ICICI Bank gold loan features.

  • Purpose of the loan: For personal and business expenses. The loan is multi-purpose in nature.
  • Collateral requirements: You need to submit their gold jewellery/coin as security for the loan. Gold wire, biscuit, etc are not accepted as collateral.
  • Types of gold accepted: The bank accepts bank-purchased coins up to 50 grams. You can even choose to pledge self-owned gold jewellery. The purity of gold must be between 18 carat and 22 carat.
  • Customer Segments: The borrower should be at least 18 years old. Anyone including salaried people, self-employed professionals, homemakers, businessmen, pensioners or students can avail these loans.

Documents Required for ICICI Bank Gold Loan

Below-given are documents needed to apply for jewel loans by ICICI. The documentation process is easy. If you apply for the loan online, you will require keeping soft-copy of the papers ready. If applying offline, you need to keep hard-copy of the documents with you.

  • Any one of the identity proofs: PAN Card, Passport, Driving License, Aadhar Card, Voter’s ID card, etc.
  • Any one of the address proofs: Aadhar Card, Bank Statement, Rent Agreement, Voter’s ID card, Utility Bills, etc.

Along with these, you have to submit PAN card copy and recent passport-sized photographs.

ICICI Bank Gold Loan Fees and Charges

Below-mentioned are the fees and charges for the jewel loan.


For a 12-month tenure loan

For a 6-month tenure loan

Processing Fee

1% on the total loan amount.

1% on the total loan amount.

Foreclosure Fee

1% of the loan value charged if the account is closed within 11 months.

NA, if you close your account post 11 months

Gold OD - 1% of the facility value. (If the facility is paid within 11 months or after 30 days of auto-renewal)

1% of the loan value charged if the account is closed within 5 months.

NA, if you close your account post 5 months


Documentation Fee

Rs. 199

Renewal Fee

Rs. 250 for Loans up to INR 1 lakh

Rs. 350 for Loans from 1 to 2 lakhs

Rs. 500 for Loans from over 2 lakhs

Stamp Duty charges and other statutory compliance

Fee depends on the state laws.

How to Apply for ICICI Bank Gold Loan?

You can apply for gold loan ICICI bank at the bank’s official website or nearest branch office.

  • Online Procedure: If you have access to internet, then online application is the easiest. You get to fill the loan application form online and even upload the soft copy of necessary documents here. No need of any hard-copy of documents. The minimal paperwork will save you time and effort. The application process will take only a few minutes and you will be able to do all this without standing in a queue at the bank.
  • Offline Procedure: But if you want to visit the bank and fill the loan application form, attaching the hard-copy of required documents, you may do so. The bank executive will inform you about the loan schemes and their details. In both online and offline process, visit to bank for gold valuation is mandatory to understand the gold weight and its purity.
  • Disbursal Process: Based on these two factors, a loan amount will be decided, along with the tenure and rate of interest. Higher the loan to value ratio, lower will be the interest rate, and vice-versa. After approval of the loan application, you will receive the funds in your registered bank account.

Apply for Gold Loan

Frequently Asked Questions about ICICI Bank gold Loans

Below-given are FAQs on ICICI Bank gold loans in India.

To avail ICICI gold loan, you have to be at least 18 years old and maximum 70 years old. The gold jewellery or bank-purchased coins must meet the purity conditions set by the bank. Even though credit score of the borrower may not be a primary concern to approve the loan, the loan applicant must make sure that he/she has a decent credit history.

The lowest rate of interest applicable on the jewellery loan is 10.00%. But you can use the ICICI Bank gold loan interest rate calculator to understand the exact rate of interest based on loan tenure, amount, and amount of gold and purity of gold content in the jewellery. Some of the factors that influence the interest rate of jewel loan are:

  • Loan amount
  • Relationship of the borrower with the bank
  • Loan to value ratio

The charges are as mentioned below:

  • Rs.750 if notice delivered at the communication address.
  • Rs. 1, 700 if no notice delivered at the communication address.
  • Rs.300 to send auction notice in addition to above 2 points.

As understood, the bank offers swift and comprehensive gold loan to all its customers, be it new or existing. The bank several benefits apart from speedy approval and disbursal of a loan against gold. Some of the benefits of applying for a loan against gold with ICICI Bank are mentioned below:

  • Get discounts on interest rate if you are an existing customer of the bank already.
  • New attractive schemes on gold jewelleries and coins to take advantage of and ease financial burden.
  • Easy and flexible repayment options for everyone. Get a repayment scheme as per your financial conditions and repayment capacity.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of ICICI Bank of Gold Loan.