ICICI Bank Gold Loan

An individual in India can easily get the Gold Loan from ICICI Bank if he/she she has assets in the form of gold. ICICI is a trusted banking partner to its very large customer-base nationwide and a huge number of customers have their gold loan service to meet immediate fund requirements. One of the major benefits of gold loan is that borrowers can avail an amount up to 75 % of the deposited gold’s value. The loan disbursal is quick and borrowers can count on ICICI to meet their urgent needs. Besides, the deposited gold serves as security for the amount loaned by the bank. It remains safe in the lockers of the bank and hence, there is no cause of concern on that front. Using ICICI Bank’s gold loan, one can get funds ranging from a minimum of Rs.10 000 to a maximum of Rs.15,00,000 as loan.

Process of documentation followed by ICICI for its gold loan service is simple.

At our website, you can also access ICICI bank Loan EMI calculator and know ICICI Bank gold loan eligibility and gold loans interest rates in ICICI bank for free. Loanbaba.com provides all the information about ICICI Bank Gold Loan.

Why Choose ICICI Bank Gold loan?

ICICI Bank has attractive offer on gold loan. It charges nominal rate of interest. The loan amount can be used for desirable purpose. Loan tenure is flexible and one can get maximum amount as per the gold weight. The procedure for loan sanctioning is transparent and the bank has helped several customers fulfil their financial needs with loan against gold.

Purpose of ICICI Bank Gold Loan

1. Below mentioned financial requirement can be fulfilled with ICICI Gold Loan:-
• Down payment for purchase of vehicle/property

Purchasing a vehicle or property is a need that has to be fulfilled instantly when the time comes. Such high-value purchases have emotional value associated to them and you need not put them off for lack of available funds. Let ICICI Bank’s gold loan service aid you in such a situation.

• Medical emergency

Leading a financially disciplined lifestyle need not cover you from all emergencies of life. Do not panic should a medical emergency arise in your life as ICICI Gold loans provide quick disbursement of funds.

• Working capital requirement /Business expansion

Business is challenging and taking an aggressive stance can lead it to success. Idle gold assets lying in the lockers can be put to use for giving yourself a fair chance at taking your venture to the next level. Hard work needs support from all directions and ICICI can be your partner in progress.

• Agricultural need

Farmlands need dedicated attention for a prolonged period for it to reap benefits. Empower your yearly produce with the right tools, fertilizers, irrigation measures as needed so that your farms give you the best result for your hard work. Gold loans are an effective way to make this happen.

• Education

Studies are the last thing that can be compromised. If it so happens that your child’s education needs are exceeding your financial resources earmarked for the same do not hesitate to find support in ICICI’s gold loan where your valuables remain safe.

• Family vacation

a yearly vacation can bring a lot of warmth between family members and it is very important for bonding on a different level. A family vacation and its power can amaze you. We say, let it amaze you at the earliest, for time will not wait for anybody.

Eligibility for Loan on Gold from ICICI Bank

1. Applicant for gold loan online should be from 18 years of age till 70 years.

2. Individual have to prove that he or she is earning enough to duly pay back the loan amount.

3. Bank will require gold as security.

Why Apply for ICICI Gold Loan?

Loanbaba provides comprehensive information about gold loans online by ICICI Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for Loan against gold online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

ICICI Bank Gold Loan Interest Rates

Rate of interest for loan against gold depends on the current rate set by bank and product variant.

Agricultural loans (up to Rs. 25,000 per customer) are different from penal interest.

Documents Required ICICI Bank Gold Loan:

Proof of Identity: Copy of Driving License/PAN Card / Form 60/61 / Passport Copy / Voter ID card / Aadhaar Card / Ration Card. These documents can be scanned and sent online- proving identity of applicant with the lenders. It is the foremost document to be sent and must be kept ready while applying for a gold loan.

Proof of Address: Copy of Driving License/Ration Card/Aadhar Card/Electricity bill/ Rental lease agreement adjoined by a utility bill in the name of the landlord. Please note that the bill has to be dated within the three months’ period. Any one of the aforementioned documents may be submitted. Ensure there is no minor or major complication in the name of the applicant on the furnished documents to speed up the verification process.

In case of agricultural loan exceeding the amount of Rs.1 lakh, proof of land holding has to be furnished.

2 Passport Size Photographs will be needed at the time of application.

ICICI Bank Gold Loan Eligibility Calculator

Gold loan eligibility may differ from one candidate to another. You can also use free-of-cost ICICI Bank gold loan eligibility calculator at Loanbaba.com

Types of ICICI Bank Gold loans

ICICI Bank has gold loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

ICICI Bank Gold loan FAQs

Below provided are important questions about gold loan ICICI Bank

• addFAQs
  1. What are the Documents Required for ICICI Gold Loan?
  • 2 Passport size photographs
  • ID Proof(any 1):- / Form 60/61 PAN Card / Driving License/ Aadhaar Card / Voter ID Card / Passport Copy/ Ration Card
  • Address Proof (any 1):- Registered lease agreement /Voter ID Card / Driving License / Ration Card /Aadhaar Card/ Passport Copy. Applicant has to submit utility bill which should on the name of landlord and must not be older than three months.
  • If applicant need agricultural loan above one lakh rupees then he need to submit his landholding document.
  2. What are the Fees and Charges for ICICI Bank Gold Loan

  Gold Loan Features & Particulars	1 year product	6 months product
  Prepayment Fees	One percent of Principal Outstanding	One percent of Principal Outstanding
  Processing Fees	1% of loan amount	1% of loan amount
  Documentation Charges	Rs.199/-	NIL
  Fees for Renewal	For loans: More than One lakh – up to Two Lakh - 350Rs. Up to One Lakh – 250Rs. More than Two Lakh – 500Rs.
  Other statutory & Stamp Duty charges	According to appropriate laws of State

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