ICICI Bank Gold Loan

Loan Against Gold from ICICI Bank

Unleash the potential of your gold jewellery and gold coins to pay off your high-interest debts

ICICI Bank Gold Loan

This scheme helps borrowers access needed funds by pledging their gold jewellery or specially-minted gold coins sold by banks. This loan can be used to meet any financial needs such as a wedding, overseas travel, higher education, etc. as well as to consolidate high-interest debts. The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 15 lakh.

Features of ICICI Bank Gold Loan

Why this Loan?

  • The ICICI Bank Gold Loan is meant for borrowers who want to get funds by pledging gold jewellery/ornaments and 24-carat gold coins issued by banks to meet their financial needs
  • This loan scheme can also be availed by borrowers as a consolidation loan to pay off their high-interest credit card debts and loans, thereby consolidating their debts
  • The bank claims to provide loan disbursal within 60 minutes after gold and document submission and loan approval

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 15 lakh. The weight of gold coins is capped at 50 grams per borrower for this loan


  • As of June 2020, the interest rate applicable to this loan may range from 10.00% to 19.76%


  • This loan is repayable within 12 months


  • Borrowers should be above 18 years of age and have a steady source of income
  • Borrowers must be the true owners of the gold ornaments, jewellery or specially minted gold coins sold by the banks

Security Needed

  • The bank accepts pledging of gold ornaments or gold coins duly verified for quality and quantity to secure this loan

Processing Charges

  • The bank charges up to 1.00% of the loan amount plus GST for processing this loan

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Insurance Agents: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts

  • ICICI Bank Website: www.icicibank.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 120 7777