Want us to help you with anything?
Request a Call back

This field is required Only alphabetes are allowed
This field is required Only alphabetes are allowed
Please enter valid number
Please enter valid email
Please select product type
Please enter valid pincode

Thank you for your request.

Your reference number is CRM

Our executive will contact you shortly


2 mins Read | 2 Years Ago

How is a Gold Loan eligibility amount calculated

How does one check one’s Gold Loan eligibility - ICICI Bank Blogs

Emergencies are inevitable. The situation can be even more worrisome when there is a shortage of funds. But there’s a way one can get immediate funds and that is through a Gold Loan. Let’s get to know what is a Gold Loan and how the eligibility amount is calculated.

When you need an instant access to funds, applying for a Gold Loan is the best option. These days any bank is ready to offer a loan against gold jewellery or ornaments. Borrowing a Gold Loan is not a new phenomenon in India, as it has existed for many years. In fact, you must have come across many advertisements from the private and public sector banks offering to keep your gold in ‘safe custody’, so that you can get an immediate monetary help in times of need. If you are struggling to fund an emergency and need a loan for the short term, then you can opt for a Gold Loan.

A Gold Loan from ICICI Bank can be used to meet personal expenses, including wedding, child’s education, business expansion, medical needs and other financial requirement. The gold mortgaged acts as a collateral against the loan.

Gold Loan Interest Rate:

If you are concerned about the Gold Loan interest rates, then you must know that the rates are low compared to Personal Loans. For instance, ICICI Bank offers an attractive interest rate for a Gold Loan based on the prevalent market situation. It is very important to note that the loan amount that you can get against your gold jewellery is subject to vary, considering the amount of loan, gold purity, gold rate and Loan to Value (LTV) ratio. It is dependent on the overall value of gold that you decide to pledge.

Gold Loan Calculator:

If you want to apply for a loan, then you can use ICICI Bank’s Gold Loan Calculator to determine how much loan amount you are eligible for.

If you are planning to take a loan against gold from ICICI Bank, then you need to know the following details related to the loan:

  • Purpose of Gold Loan: It can be used to cover personal or business expenses or any financial emergencies
  • Gold accepted: You can pledge your gold jewellery with purity ranging from 18 carats to 24 carats
  • Customer Segment: An ICICI Bank Gold Loan is available to all individuals above 18 years of age
  • Collateral: You can avail a loan against the security of your gold jewellery.

Also, it is quite easy to apply for an ICICI Bank Gold Loan by giving a missed call on 84448 84448.

People who read this also read

View All


View All
2 mins Read | 5 Months Ago
5 Things You Should Know Before Getting a Gold Loan
Gold Loan

Scroll to top