No matter what you plan, there are incidental expenses from time to time। There may be a medical emergency or need money in business। Our gold loan is a very convenient way to meet the funding needs for a short period of time। There is no change in its interest rate during your entire loan period, the same rate remains।
Gold Loan Kya Hota Hai – What is a Gold Loan?
Gold loans are a type of secured loan that any person takes from banks or financial institutions in exchange for gold jewelry। The amount found in a gold loan is usually equal to a certain percentage of the price of gold। The loan amount is repaid on an installment basis every month and when the borrowers deflect the loan amount with interest, they get the gold back।
There is no restriction on gold loan i.e. you can use it anywhere in your children’s education, marriage, walking etc। There are many banks and financial institutions in India which provide gold loans with very attractive interest rates, But today in this article we are going to know about ICICI Gold Loan।
Benefits of ICICI Gold Loan
Highlights
● Loan amounts from 50,000
to 1 crore
● Quick & easy disbursement
● Attractive interest rate 4-5%
● Multiple variants of gold
● No monthly EMI
Application Process
● 4 step easy process
● Easy documentation
● No income proof required
Eligibility Criteria Salaried
Age Group: 18 to 70 years
❏ Documents Required:Two passport-size photographs
● Identity proof (Any one of the following): Driving Licence,
PAN Card, Form 60/61, Passport Copy, Voter ID Card,
Aadhaar Card, Ration Card
● Address proof: Driving Licence, Voter ID Card, Ration Card,
Aadhaar Card, Passport Copy, Registered lease agreement
with not older than 3 months utility bills in the name of
landlord(anyone), Proof of land holding in case of agriculture
loan of more than `1 Lakh.’
Eligibility Criteria Self-employed Age Group: 18 – 70 years
Documents Required:
Two passport-size photographs
● Identity proof: Driving Licence, PAN Card, Form 60/61,
Passport Copy, Voter ID Card, Aadhaar Card, Ration Card
● Address proof: Driving Licence, Voter ID Card, Ration Card,
Aadhaar Card, Passport Copy, Registered lease agreement
with not older than 3 months utility bills in the name of
landlord(anyone), Proof of land holding in case of agriculture
loan of more than `1 Lakh.’
Important Terms &Conditions
- You have to go to the nearest ICICI Branch with
Gold “Jewellery, coins, ornaments” and pledge
the gold in the branch for purity - If you do not complete the process of pledging
gold or do not accept the offer by ICICI will be
pushed to incomplete - Gold Loan can be taken against Gold
Ornaments and Jewellery with purity of 18
Karat onwards - ICICI Bank accepts only Yellow Gold and not
“Rose” Gold or any other colors - Customer phone number shared during the
application at the bank should be the same as
the one filled in the lead form
Application Process
Click ICICI Gold Loan Apply
Please keep the following documents handy to start
the process:
● Your Aadhaar Card
● PAN Card
Now let’s start the process!
1. Click on the link and start the application journey
2. Check your details such as your name, phone
number, etc., and click on ‘Continue’
You have to go to the nearest ICICI Bank Branch along with your gold and
submit it to the branch officials for loan
● Once your gold is submitted and reviewed, you will get the offer at the
branch itself
● You can complete the application and get gold loan in your respective
account as per ICICI Bank guidelines
FAQ
How much is ICICI Interest Rate?
gold oan
ICICI Bank Gold Loan interest rates start at 10% per annum which goes up to a maximum of 17.95% per annum
How much gold loan is received from ICICI Bank?
gold oan
With ICICI bank, you can get gold loan ranging from 50 thousand to maximum 1 crore।
How much gold loan is received from ICICI Bank?
With ICICI bank, you can get gold loan ranging from 50 thousand to maximum 1 crore।
Who can take gold loan from ICICI bank?
Any person who is between 18 and 70 years of age can apply for ICICI Bank Gold Loan।
How much time do ICICI Bank get to repay the gold loan?
The duration of ICICI Bank Gold Loan varies according to the amount। Like you get 6 months to repay the amount of 50 thousand while you get 12 months to repay the amount of 1 crore।