ICICI Gold Loan

Gold Loan @ 7%

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ICICI Gold Loan Key Features

ICICI Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
ICICI Gold Loan Interest Rate 7.0% per annum
ICICI Gold Loan Per Gram Rate Per Gram Today is ₹ 5,268
ICICI Gold Loan Processing Fee 1.50% of the Principal Loan Amount
ICICI Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
ICICI Gold Loan Repayment Tenure 3 Months to 24 Months
ICICI Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

What is ICICI Gold Loan?

The loan that is given against gold, is known as Gold Loan. This includes the gold ornaments of the borrower excluding the diamond articles. The bank keeps the gold ornaments as collateral and gives the money against those ornaments. It can be used for any purpose as per the requirement of the borrower. It is one of the easily available loans. ICICI Gold Loan is one of the best products in the market.

Advantages of ICICI Gold loan

    1. ICICI Bank offers Gold Loan at a Low rate of interest.
    2. Bank also offers easy processing to the customers.
    3. Additionally, it also offers quick disbursals and instant approval.
    4. It requires minimum documentation.
    5. The bank also provides safe and secure custody of the jewels.
    6. It is the most trustworthy firms.

Interest Rate of ICICI Gold Loan

    • Different banks have a differnt rate of interests. gold loan is available at the starting interest rate of 11.5%.
    • ROI for tenure less than 1 year is also available at 1%.
    • Processing fees is Rs 2000.
    • The borrower will be given an option to pay only interest during the entire term or at the end of the tenure, you can pay complete borrowed amount in a single shot.

Eligibility of ICICI Gold Loan

The borrower must be a citizen of India.

Gold should be more than 10 grams.

The applicant must be between 18 to 65 years.

Gold should be a minimum of 18 to 22 karats.

Documents for ICICI Gold Loan

Identity Proof (Passport/ Voters ID card/ PAN Card/Aadhaar Card).

Address proof (Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).

Signature proof (Passport/ PAN Card/Banker’s verification/ cheque).

2 passport size photographs

How to Apply ICICI Bank Gold Loan

You can apply for Gold Loan easily with 2 methods either online or offline. In offline you have to visit the branch of a bank and need to fill up the application form and visit the bank until the sanctioning of the loan. But in online processing, you need to visit the site bookmyloan and need to fill up the form over there. Immediately after this, you will get a call from the customer representative of the ICICI Bank.

They will confirm some of your detail and will let you know your eligibility. After approval, they will fix your appointment with the banker. The banker will come to your doorstep to collect your documents. In the online process, you only need to visit the bank once at the time of gold submission. So Apply now, you will get cash back on bookmyloans.com and easy approval.

Gold Loan Interest Rate of Major Banks


 Interest Rates

HDFC Bank Gold Loan

7.00% – 14.50%

ICICI Gold Loan

7.00% – 16.10%
Muthoot Finance Gold Loan

7.00% – 24.00%

Axis Bank Gold Loan

7.00% – 17.00%
Manappuram Gold Loan

7.00% – 26.00%

Yes Bank Gold Loan

7.00% – 15.99%
Bank of India Gold Loan

7.00% – 26.00%

Federal Bank Gold Loan 

7.00% – 13.50%
IIFL Gold Loan

7.00% – 12.00%

Central Bank of India Gold Loan

7.00% – 14.65%

Canara Bank Gold Loan

7.00% – 12.65%

Allahabad Bank Gold Loan

7.00% – 10.45%

Induslnd Bank Gold Loan

7.00% – 15.75%
PNB Gold Loan

7.00% – 11.75%

Bajaj Finance Gold Loan

7.00% – 26%
SBI Gold Loan

7.00% – 15.99%

Indian Bank Gold Loan

7.00% – 15.99%
UCO Bank Gold Loan

7.00% – 26.00%

Kotak Mahindra Bank Gold Loan

7.00% – 13.50%
Syndicate Bank Gold Loan

7.00% – 12.00%