ICICI Bank Gold Loans

ICICI Bank offers gold loans as one of its financial products, allowing customers to obtain quick funds by pledging their gold jewelry or ornaments as collateral. Gold loans are a popular option for individuals who need immediate access to funds for various purposes, such as emergencies, education expenses, business needs, or any other personal financial requirements. Here are some key points about ICICI Bank’s gold loan:

  1. Eligibility: ICICI Bank’s gold loan is available to both salaried and self-employed individuals, subject to meeting the bank’s eligibility criteria. The primary requirement is the availability of gold jewelry or ornaments that can be pledged as collateral.
  2. Loan Amount: The loan amount sanctioned by ICICI Bank against the pledged gold varies based on the purity and weight of the gold jewelry. Typically, the bank offers a certain percentage of the gold’s market value as the loan amount.
  3. Repayment Tenure: The tenure for repaying the gold loan is flexible and usually ranges from a few months to a few years. Borrowers can choose a repayment period that suits their financial capacity.
  4. Interest Rate: ICICI Bank charges interest on the gold loan amount. The interest rate may vary based on prevailing market conditions, the loan amount, and the repayment tenure.
  5. Processing Fee: ICICI Bank may charge a nominal processing fee for processing the gold loan application.
  6. Loan Disbursement: Once the gold jewelry is pledged and the loan application is approved, ICICI Bank disburses the loan amount to the borrower’s bank account or provides it through other available modes.
  7. Gold Valuation: The bank’s representative will assess the purity and weight of the gold jewelry before determining the loan amount.
  8. Safety of Gold: ICICI Bank ensures the safekeeping of the pledged gold during the loan tenure.

It’s essential to carefully read and understand the terms and conditions associated with ICICI Bank’s gold loan product before availing it. Borrowers should be aware of the interest rates, repayment terms, and any additional charges to make informed financial decisions.

As the offerings and terms may be subject to change, I recommend visiting the official website of ICICI Bank or contacting their nearest branch for the most up-to-date and accurate information on their gold loan product.


Here are some additional details about ICICI Bank’s gold loan:

  1. Documentation: To apply for a gold loan from ICICI Bank, you will need to provide certain documents, which may include proof of identity, proof of address, and photographs. Additionally, you will need to submit KYC (Know Your Customer) documents as per the bank’s guidelines.
  2. Gold Purity: The loan amount sanctioned by ICICI Bank will depend on the purity of the gold jewelry or ornaments being pledged. Generally, higher purity gold attracts a higher loan amount.
  3. Loan Disbursal Time: ICICI Bank’s gold loan is known for its quick disbursal process. Once the gold jewelry is evaluated and the loan application is approved, funds are usually disbursed promptly.
  4. Partial Repayments: ICICI Bank may offer the flexibility of making partial repayments of the gold loan. This allows borrowers to pay back a part of the loan amount before the tenure ends, reducing the overall interest burden.
  5. Foreclosure Option: Borrowers have the option to close the gold loan before the scheduled tenure ends. This can be done by repaying the outstanding loan amount along with any applicable charges.
  6. Security and Insurance: ICICI Bank takes necessary security measures to ensure the safety of the pledged gold. Additionally, the bank may offer insurance coverage for the pledged gold during the loan tenure.
  7. Gold Loan Calculator: ICICI Bank might have an online gold loan calculator on its official website. This tool helps customers estimate the loan amount they can avail based on the value of the gold jewelry they intend to pledge.
  8. Interest Rate and Charges: The interest rate on the gold loan and any applicable charges (processing fee, documentation fee, etc.) are subject to change and can vary based on the bank’s policies and market conditions.

It’s important to thoroughly review the terms and conditions of the gold loan product offered by ICICI Bank, including the interest rate, repayment schedule, and associated fees. Additionally, ensure that you have a clear understanding of the loan agreement and the consequences of defaulting on the loan.

For the most up-to-date and accurate information about ICICI Bank’s gold loan, I recommend visiting their official website or contacting their nearest branch to inquire about the latest offerings and terms.