ICICI Bank Gold Loan

An individual in India can easily get the Gold Loan from ICICI Bank if he/she she has asset in the form of gold and one of the benefit of gold loan is that our gold remains safe in bank. From this bank one can get minimum Ten Thousand and maximum Fifteen Lakh rupees as loan. Process of documentation is simple. You can apply for gold loan in ICICI bank at loanbaba.com. At our website, you can also access ICICI bank 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:

Below mentioned financial requirement can be fulfilled with ICICI Gold Loan:-
  • Down payment for purchase of vehicle/property
  • Medical emergency
  • Working capital requirement /Business expansion
  • Agricultural need
  • Education
  • Family vacation
Eligibility for Loan on Gold from ICICI Bank

Applicant for gold loan online should be from 18 years of age till 70 years. Individual have to prove that he or she is earning enough to pay back the loan amount. Bank requires gold as security.

Interest rate of Gold Loan in ICICI Bank

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

Minimum

Maximum

Mean

Penal Interest

10%

16.50%

13.50%

6%

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

Documents Required for 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.

Other 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

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