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Gold Loan Calculator
Gold Loan Documents, Interest, Fees and Tenure
Gold Loan Documents
- Two passport size photographs
- Any one ID proof such as Driving License / Passport Copy / Voter ID Card / Aadhaar Card / Ration Card needs to be submitted
- Any one Address proof such as Driving License / Voter ID Card / Aadhaar Card / Passport Copy/ Job Card issued by NREGA needs to be submitted
- Proof of land holding in case of an Agriculture Loan of more than Rs 1 lakh
- Proof of supporting documents for an Allied Agri Activity Loan of more than Rs 5 lakh.
Gold Loan Interest, Fees and Tenure
- Rate of Interest: 9% to 18% (Q1- April 2024 To June 2024)
- Processing Fees: Upto 2% of loan amount plus applicable taxes
- Tenure: 6 months to 12 month
After completing these steps, one of our representatives will call you to guide you through the next steps.
Why choose Gold Loan from ICICI Bank?
Flexible Repayment Options
Choose from 6 or 12-month repayment periods based on your tenure
Instant Online Application
Apply for your Gold Loan quickly and conveniently online.
Quick Disbursal
Get your loan amount quickly to address your financial requirements
Safety of Your Gold Jewellery
Your gold is stored securely with high safety standards
No EMI
Pay the entire loan amount at the end of the term with no monthly EMIs
Dedicated Gold Loan Team
Our expert team is available to assist you at every step
Transparent Fees and Charges.
No hidden costs; all fees are clearly explained upfront
Competitive Interest Rates
Enjoy competitive interest rates starting from just 9% to make your Gold Loan affordable
Generous Loan amount
ICICI Bank offers up to ₹1 crore* Gold Loan online providing diverse options for your financial needs.
Gold Loan FAQs
What is a Gold Loan?
A loan against your gold jewellery is known as a Gold Loan or a Jewel Loan. At ICICI Bank, a customer can quickly avail a Gold Loan of any value between Rs 50,000 to Rs 1 crore.
Features of Gold Loan like ease of documentation and instant disbursal make it an easy and convenient way of securing funds.
How does one get a Gold Loan?
Getting a Gold Loan typically involves these steps:
- Application: Fill out an application form, either online or at any ICICI Bank Branch. Provide details such as Name and Mobile Number
- Gold Valuation: The lender evaluates the purity and weight of the gold you intend to pledge. This determines the loan amount you can receive as a percentage of the gold's market value
- Documentation: Submit necessary documents such as identity proof and address proof
- Loan Approval: Once the valuation and documentation are verified, the loan is approved and terms including loan amount, interest rate and repayment schedule are agreed upon
- Disbursal: The loan amount is disbursed to your bank account depending on the lender's policies
- Repayment: Use ICICI Bank Gold Loan Calculator for understanding the repayment of the loan with a tenure of 6 months or 12 months.
*T&Cs.
What is the interest rate of a Gold Loan?
ICICI Bank Gold Loan comes with a minimum interest rate of 9% p.a* based on the prevalent market situation. The Gold Loan interest rates will vary according to the product variants
What documents are required for the approval of a Gold Loan?
The Gold Loan documentation process is very simple. It does not require you to share the income proofs. The documents required for a Gold Loan are:
- Two passport size photographs
- Identity proof such as Driving Licence/ Form 60/Form61/ Passport Copy/ Voter ID Card/ Aadhaar Card/ Ration Card (any one). PAN Card issued in India is no longer considered as a valid identity proof
- Address proof such as Driving Licence/ Voter ID Card/ Ration Card/ Aadhaar Card/ Passport Copy/ Registered lease agreement with utility bills not older than 3 months in the name of your landlord (any one)
- Proof of land holding needs to be provided in case of an Agricultural Loan of more than Rs 1 lakh
How long does it take to complete a Gold Loan approval process?
ICICI Bank Gold Loan provides a quick loan disbursal subject to the verification of the gold and other documents that you submit. The approvals are at the sole discretion of ICICI Bank.
What is the maximum limit on the Gold Loan that can be availed?
A Gold Loan can be availed for a minimum of Rs 50,000 and maximum of Rs 1 crore per customer.
What is the process of Gold Loan Closure if the customer is deceased?
Jewel Loan/ Gold Loan Process of Deceased Claim:
Nominee as mentioned during account opening in iGold/AOF duly signed by customer can be considered at the time of full and final repayment in case of borrower’s death
For cases where nominee is not declared by borrower at the time of account opening, repayment has to be done by the legal heir
Pouch to be handed over only post closure of account
SR should not be raised for Jewel Loan Accounts as the account gets closed at Branch end.
Adherence to the below scenarios is mandatory:
With Nomination:
a) Death Certificate
b) KYC of the nominee.
Without nomination:
1) Amount less than Rs 25000:
Copy of Death Certificate
Indemnity letter signed by the claimant.
2) Amount between Rs 25000 and Rs 10 lakh:
Copy of Death Certificate
Indemnity letter signed by the claimant, backed by 2 sureties.
3) Amount above Rs 10 lakh:
Copy of Death Certificate
Indemnity letter signed by the claimant backed by 2 sureties
Affidavit on stamp paper
Copy of the Will and letter of probate / letter of administration.
Gold loan Blogs
Gold Loan Reviews
Very nice behavior and supportive staff. He helped me open a Gold Loan Account easily. Thanks for your co-operative behavior Mr. Pawan Sharma.
I have availed a Gold Loan from your bank i.e. ICICI Bank, Jamalpur Branch and I am very satisfied with your services. The staff was very polite in dealing with us. It helps that the interest will be levied at the end of the tenure. Even the time taken for processing the Gold Loan was less than most other banks.
I have availed a Gold Loan from ICICI Bank and the bank services are very good, in terms of Customer Service and the processing time of the loan. The loan processing time is less compared to other banks and the bank charges interest at the end of loan tenure. This feature is really the best.
I have availed a Gold Loan from ICICI Bank and the bank services are very good, in terms of Customer Service and the processing time of the loan. The loan processing time is less compared to other banks and the bank charges interest at the end of loan tenure. This feature is really the best.
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