Know more about gold loans offered by ICICI Bank
If you are looking for a trusted financial institution to mortgage your gold and borrow funds to fulfil your urgent requirements, you can consider ICICI Bank. With interest rates starting from 10% p.a., you can get up to ₹1 Crore to meet your personal, business, or agricultural needs. With a repayment tenure of up to 12 months, you can save considerably on loan costs. Furthermore, you can benefit from the easy online and offline application process, as well as digital renewal and top-up loan facilities.
Here are the interest rates and other associated charges you should know about:
Interest Rate |
10% to 18% p.a. |
Penal Interest |
6% |
Processing Fee |
1% of the loan amount |
Foreclosure Charges |
1% |
Top-up Charges |
1% of the top-up amount (Minimum ₹250) |
*Disclaimer: The aforementioned charges are subject to change at the lender’s discretion.
Get your gold appraised at home and transported safely from your residence to the bank with added security
Enjoy a smooth application process by just scanning and submitting basic KYC documents
Borrow additional amounts on your existing gold loan, as and when required
You are not required to submit your salary slips or bank statements when applying for this loan
Follow these simple steps to apply for an ICICI Bank Gold Loan online:
Visit the official website
Navigate to the 'Loans' tab and click on 'Gold Loan'
Select the ‘Apply For Gold Loan’ option
Enter your full name, mobile number, and OTP in the online application form
Click on ‘Apply Now’
A bank representative will contact you for further steps and guide you through the application process.
When you deposit your gold jewellery with the bank to get a loan, they store it in a safety vault in a protected area of the bank.
You can borrow amounts starting from just ₹10,000 by mortgaging your gold with ICICI Bank.
Yes, the gold loan can be prepaid. However, you will be required to pay an additional charge of 1% for utilising this facility.