Interest Rate & Loan Details
- Interest Rate: Starting from 9.25% per annum.
- Loan Amount: Ranges from ₹50,000 up to ₹2 crore.
- Processing Fee: Up to 2% of the loan amount.
- Loan Tenure: Flexible tenure ranging from 6 to 12 months.
Eligibility Criteria for ICICI Bank Gold Loan
To qualify for an ICICI Bank Gold Loan, you must meet the following criteria:
- Age: Between 18 to 85 years.
- Nationality: Must be an Indian citizen.
- Gold Quality: Gold ornaments of 18 to 24 carats are accepted.
- Eligible Applicants: Salaried individuals, self-employed, business owners, homemakers, and senior citizens.
Documents Required
Key documents required to apply for an ICICI Bank Gold Loan:
- Identity Proof: Any one of the following:
- Driving License
- Passport
- Voter ID Card
- Aadhaar Card
- Address Proof: Any one of the following:
- Driving License
- Voter ID Card
- Aadhaar Card
- Passport
- Job Card issued by NREGA
- Photographs: Two passport-size photographs.
Loan Amount & Security
Loan Amount: Minimum ₹50,000; Maximum ₹2 crore.
Security: Pledge of gold ornaments of 18 to 24 carats.
Repayment Options
ICICI Bank offers flexible repayment options within the loan tenure.
Charges & Fees
- Processing Fee: Up to 2% of the loan amount.
- Foreclosure Charges:
- Nil if the loan is pre-closed after 180 days.
- 0.50% if pre-closed within 180 days.
- 1% if pre-closed within 90 days.
- 2% if pre-closed within 30 days.
- Valuation Charges:
- For loans up to ₹3 lakh: ₹350.
