ICICI Bank gold loan is the best alternative to cater to all your financial needs. You can avail of a gold loan (also known as a jewel loan) for personal, business, agriculture, emergencies or any other financial requirements. With the simple documentation process of ICICI Bank, you can easily get an ICICI gold loan against your gold jewellery and get funds from Rs. 50,000 to Rs. 1 Crore.
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ICICI Bank Gold Loan offers various benefits, making it the ultimate solution for all your financial needs. Here are some attractive benefits of the ICICI gold loan:
ICICI Bank gold loan interest rate is competitive. ICICI Bank Gold Loan comes with a minimum interest rate of 10% per annum, which can go up to a maximum of 17.95% per annum. The interest rate is based on the prevalent market situation. The gold loan interest rate varies according to the product variants.
ICICI Bank offers three types of gold loans as mentioned below:
The eligibility criteria for ICICI Bank gold loan are mentioned below:
ICICI Bank is the best gold loan bank India. You can avail an ICICI bank gold loan with only your KYC documents. You don’t even need to provide income proof. The documentation process is simple.
To apply for an ICICI gold loan, you will need the following set of documents:
The ICICI Gold Loan Calculator or Gold Loan Eligibility Calculator is available on the official website of the bank. The calculator can be used to calculate loan eligibility against your gold jewellery. The Jewel Loan calculator will assist you in estimating how much loan amount you will get instantly on your gold jewellery/coins.
To use the ICICI Bank Gold Loan Eligibility Calculator, you just need to enter the expected loan tenure (in months), the number of gold jewellery/ornaments you have, and the weight of the ornaments and gold carat details. The calculator will give you the estimated loan amount eligibility based on the details you have entered.
|Bank||Rate of Interest (p.a.)||Loan Amount||Processing Fee||Tenure|
|ICICI Bank Gold Loan||10% - 17.95%||Rs. 50,000 - Rs. 1 Crore||1%||6 months - 1 year|
|HDFC Bank Gold Loan||7.60% - 16.81%||Rs. 25,000 onwards (Rs. 10,000 onwards in rural markets)||1%||3 months - 2 years|
|Axis Bank Gold Loan||17% - 19%||Rs. 25,001 - Rs. 25 Lakhs||Up to 0.50%||6 months - 3 years|
|SBI Gold Loan||8%||Rs. 20,000 - Rs. 50 Lakhs||Nil till 31.01.2023||Up to 3 years|
|Bank of Baroda Gold Loan||9.20% - 9.30%||Up to Rs. 25 Lakhs||Applicable charges +GST||1 year - 3 years|
|Kotak Mahindra Bank Gold Loan||8% - 17%||Rs. 20,000 - Rs. 1.5 Crores||Up to 2% + GST||Up to 4 years|
The steps to apply for ICICI Gold Loan online from the official website of the bank are given below:
You can also walk into any ICICI Bank branch offering gold loans with the jewellery/coins to be pledged to avail of a gold loan from Rs. 50,000 to Rs. 1 Crore instantly. Alternatively, you can also apply online through the mobile app of ICICI Bank.
To speak to the ICICI Gold Loan Customer Care team, you can give a missed call on 84448 84448. The team will call you back within a short period of time. You can then ask anything about the ICICI Bank gold loan, its features and the application process.
Rupeek Gold Loans are instant secured loans with no EMI option at interest rate starting at 9.69% p.a. You can avail of emergency loan ranging from Rs 15000 to Rs 1.5 crore against gold jewellery, coins & ornaments. With bullet repayment option you repay entire loan at the end of the tenure.
Any individual within the age group of 18 to 70 years can avail ICICI gold loan.
You can give a missed call on 84448 84448 to speak to the gold loan customer care team of the bank or walk into any ICICI Bank branch offering gold loans with the jewellery/coins to be pledged.
The ICICI gold loan can only be paid through net banking of any bank account.
The steps to renew ICICI Gold Loan online are given below:
Following are the charges for renewal in the ICICI Bank gold loan:
The maximum tenure available to repay the ICICI gold loan is 12 months.
Yes. Your gold is absolutely safe with the bank. Your gold is kept in the Vault Safe in Strong Rooms of the bank giving you the guaranteed assurance of complete transparency and peace of mind. Your gold is valued only in your presence and then sealed and kept in Vault Safe. Whenever you want to get your gold back, the bank will give it back to you in exactly the same state as you submitted it in the first place.
If the ICICI Bank gold loan is not paid or if the borrower could not make full repayment of a gold loan within the decided tenure, the bank has the right to sell or dispose of the gold items through public auction.
ICICI gold loan per gram rate today is Rs. 2,900 to Rs. 3,450. The gold rate today varies depending on the gold purity and price on that day.