ICICI Bank Gold Loan

Gold Loan @ 7.10%

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ICICI Bank Gold Loan Key Features – Apply Now!

Gold Loan Interest Rate 7.10% per annum
ICICI Bank Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
ICICI Bank Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
ICICI Bank Gold Loan Processing Fee 1.50% of the Principal Loan Amount
ICICI Bank Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Gold Loan Repayment Tenure 3 Months to 24 Months
Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of ICICI Bank Gold Loan

  • Fast Procedure: You can take a Gold Loan from ICICI Bank only and speedily without any obstacles. The loan gets permitted in just 60 minutes.
  • Fewer Documents: The documentation progression is steady here; fewer documents are necessary for the gold loan in ICICI Bank.
  • Transparent System: The ICICI Bank proposals complete transparency to their client; and that is, there are no unidentified charges.
  • Amount of Loan: The smallest amount of loan that ICICI Bank can provide to their client is Rs. 15,000. And, in rural districts, it can be less than Rs 10,000.
  • Security of Jewellery: One important thing to note is that the Bank takes complete accountability for the protection of your gold. Afterwards, they kept the gold in fire-proof safety.
  • Loan Tenancy: The time-period of the Gold loan in ICICI Bank can be from 3 months to 2 years. Afterwards, you can pick your luxury accordingly.
  • Profits for Agriculturalists: ICICI Bank offers some different deals for agricultural purposes. ICICI Bank offers a nominal Gold Loan interest rate for agronomic purposes.
  • No Debt Issue: There can be a set of circumstances like in which if an applicant is not able to repay the amount of loan, in that instance the applicant will not be under any debts as the Bank will only seize the applicant’s ornaments.
  • No Income borders: There are no restrictions on the salary or income of the applicant; henceforth, anyone with any salary range can apply for a gold loan in ICICI Bank.

How Much Gold Loan can I Get through ICICI Bank Gold Loan

ICICI Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

ICICI Bank Gold Loan Eligibility

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

ICICI Bank Gold Loan Documents Required

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

ICICI Bank Gold Loan Interest Rate, Fees and Charges

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

About ICICI Bank Gold Loan

Life is full of worries and fears. Subsequently, you may need cash to fight with financial problems in your life. In that case, you can get a Gold Loan from ICICI Bank to fight with the economic emergency. A gold loan is a safe loan. After, the people with reduced CIBIL score can also apply for this service.

However, there is a lot of economic Banking and non-Banking organizations that may provide you with the gold loan, but Gold Loan is considered the greatest. ICICI Bank came into existence in 1955. It is one of the most deceptive and persistent Banks in India. Also, it is known for its robust economic features. Here the transactions are very safe.

  • ICICI BANK Gold Loan Interest Rate is 7.10% per annum
  • ICICI BANK Gold Loan Per Gram is ₹ 5,255
  • ICICI BANK Gold Loan Tenure: Up to 24 months
  • ICICI BANK Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST

Types of ICICI Bank Gold Loan

ICICI Bank offers some plans allied to the Gold Loan item which are listed below:

  • Loan Against Gold – ICICI Bank offers Gold Loan at fascinating steps are essential to satisfy anybody’s critical need of assets for any reason whether individual or professional. The gold credit is made sure about the type of loans, and then, the Bank has no danger in giving the entirety to the applicant, so it is given at a slower step of best when associated with different types of Loan items.
  • Loan Against Gold for the Farming industry – ICICI Bank offers Gold Loans clearly to farming industry purposes to ranchers at a rare step of interest when connected with gold loans given for different possibilities. They are given multiple offers, and at the time of taking the loan, you have to give the Bank your Property evidence.

ICICI Bank Gold Loan EMI Calculator

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your ICICI Bank Gold Loan EMI?

  • Standing Instruction (SI): If you are recently an account holder with ICICI Bank, Standing Instruction is the extremely dependable procedure to pay. Your EMI entirety will be credited logically on the way to the month’s end to month time frame from the ICICI Bank account you show.
  • Electronic Clearing Service (ECS): The program can be useful in the incident that you have a non – ICICI Bank and may need your EMIs to be charged hence close to the highest limit of the month to month cycle from this record.
  • Post-Dated Checks (PDC): You can present post-dated EMI investigations from a non-ICICI Bank account at your nearest ICICI Bank Loan Centre. Another method of PDCs should be accessible in a precise way. It will be great in the manifestation that you note Post Dated Checks will be collected non-ECS states usually speaking.

ICICI Bank Gold Loan Contact Number

Call 9878981144And get immediate help and agreement for your ICICI Bank Gold Loan. You can now know the premium proposals on Gold Loan obtainable from all the ICICI Bank Branches in all over the country to gain the top deal linked according to your requirements.

Gold Ornaments Accepted by ICICI Bank

  • Gold Jewellery – Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are allowable by ICICI BANK to take a Gold Loan.
  • Quality – The quality of gold must be in between of 18 Carat to 22 Carat. Any gold ornament, which is 24 Carat, cannot be used to take a gold loan.

Use of ICICI Bank Gold Loan

The assets stable by availing the ICICI Bank Gold Loan facility which can be used for plentiful purposes like:

  • To fund any precise hoards like marriage, climbing, instalment of higher education expenses, etc.
  • For all your marketing necessities, such as obtaining new supply, developing marketing, etc., loan facility is accessible.
  • You can also apply for Gold Loan for agrarian ideas. The Bank gives minor charges of interest for Gold Loans that are used for agriculture or related plans.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%

 

FAQs About ICICI Bank Gold Loan

  • What is ICICI Bank Gold Loan?

ICICI Bank Gold Loan is a loan system that you can apply for urgent financial help by keeping your gold as safety with the Bank. Also, it comes with great interest rates on Term Loan, Overdraft, and EMI based loan. Customary Gold Loan disbursement time at ICICI Bank is just 45 minutes.

  • How can I get the Gold Loan from ICICI Bank?

You can fluently get the ICICI Bank Gold Loan by visiting any of the gold loan offering branches of ICICI Bank, or you can apply online with MagicLoans by just sitting at your home and get the best agreements and proposals. ICICI Bank is one of the central Banks in India that offers Gold Loan features.

  • What is Gold Loan Interest Rate in ICICI Bank?

The Gold Loan interest rate in ICICI Bank is 7.10% per annum. The rate of interest is subject to several factors, namely: loan amount, loan time-periods, purity of gold, and connotation with ICICI Bank.

  • How much Gold Loan can I get per gram in ICICI Bank?

The per gram Gold Loan in ICICI Bank that you can get depends on the purity of your gold. ICICI Bank decided to take the gold of purity between 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,255 Per Gram in ICICI Bank Gold Loan.

  • How to check Gold Loan status in ICICI Bank?

To check your ICICI Bank Gold Loan status all, you need to do is, visit the ICICI Bank Loan Status Tracker web page and fill your details in the form given there and you can track the status resourcefully of your loan from residence and stay updated.

  • How to calculate Gold Loan Interest in ICICI Bank?

You can calculate the interest on your ICICI Bank Gold Loan using MagicLoans EMI Calculator which gives you protected amounts based on the info you enter into the calculator.

  • How to Pay ICICI Bank Gold Loan Interest Online?

You can pay ICICI Bank Loan interest online through net Banking on the official ICICI Bank loan compensation web page or, you can also refund your ICICI Bank Gold Loan on Paytm using your selected payment process.

  • What if I can’t pay the interest on ICICI Bank Gold Loan for 3 months?

If you do not pay your Gold Loan for three months, firstly the Bank will remind you of your due payments. And after that, If the payment requests go disregarded, endorsed legal notice is sent demanding for the compensation to finish the loan. Non-payment on your Gold Loan will lead to a diminishing of your credit score and also makes you legally accountable to face legal actions by the Bank as well as seizure and auction of your gold.

  • How can I apply for EMI Moratorium on ICICI Bank Gold Loan?

You can apply now for an EMI Moratorium on ICICI Bank Gold Loan between 1st March to 31st August 2020 and has to be done by communicating the Bank’s customer care, or you can visit the nearby ICICI Bank branch.