ICICI Bank Loan Against Gold Ornaments | Interest Rates | Documents | Eligibility

ICICI Bank Loan Against Gold: Get Details on Loan Against Gold Interest Rates, Documents, Eligibility and Loan Amount of ICICI Bank.

Main Features of ICICI Bank

  • Hassle-free quick processing of loans.
  • Simplified paperwork.
  • Easy payment options.
  • Attractive interest rate & LTV

Apply Gold Loan







Full Name : City :
DOB :

Other City :
Mobile : +91
Email ID :
Annual Income :

Loan Amount :

I authorize Deal4loans.com & its partnering banks to contact me to explain the product & I Agree to privacy policy and Terms and Conditions
 


Eligibility criteria


  • The applicant should be between 18 and 70 years.
  • Gold ornaments should be of 18 carat purity and above.
  • Gold coins should be issued by banks or government institution.

Ineligible

  • Pawn brokers.
  • HUF, sole-proprietorship concerns, partnership firms, corporates and co-operatives.
  • Bullion items like gold bars and biscuits, etc.
  • Gold coin issued by Jewellers, NBFC, etc.
Variant of Gold Loan

Jewel Loan

  • Facility against Gold ornaments and Coins with single tranche disbursement
  • Facility amount ranging from Rs. 10,000 to Rs. 15,00,000
  • Repayment can be on or before maturity
  • Part payment facility is available
  • Payment can be done at any branch of ICICI bank across India
  • Simple interest on amount utilised and for no of days amount utilised
  • Interest payable at the end of the tenure or closure of the facility, whichever is earlier

Gold Overdraft Account

  • Facility against Gold ornaments and Coins with multiple deposit and withdrawal
  • Facility amount ranging from Rs. 50,000 to Rs. 15,00,000
  • Cheque book and debit card convenience
  • Interest payable at the end of every month
  • Interest payable on amount utilised and for no of days amount utilised
  • Payment can be done at any branch of ICICI bank across India

Documentation Required for ICICI Bank Gold Loan:

  • 3 passport size photographs
  • Proof of Identity
  • Proof of Address
  • Proof of land holding in case of agriculture loan of more than Rs. 1 lac. Proof is not required for allied agriculture purposes
  • Simplified paperwork for past / existing customers of Loan Against Gold and Gold Ornaments

Interest Rates & Fees for ICICI Bank

  • Interest rate for agricultural advances is 13% p.a.
  • Interest rate for allied agricultural advances is 14% p.a.
  • Interest rate for non agricultural advances is 16.5% p.a.
  • Processing fees, as applicable (currently at 1% of sanction limit), is payable at the time of sanction of facility.
  • In the case of default in repayment, penal interest (as the case may be) will be charged at the rate of 6% per annum over and above the normal rate of interest.

 

Loans & Advances – Indicative Lending Rates
updated on June 6th, 2012
Retail Loans
Type of Credit Facility Interest Rate Processing Fee*
Agriculture Allied Agricultural Non Agriculture
Loan Against Gold Ornaments & Gold Coins 13% 14% 16.5% 1% of sanctioned amount

Note:

  • *Processing fees are NIL for agricultural loan upto Rs 25,000 per custID level
  • Interest charged is Simple interest
  • ICICI Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion

 

You might find these relevant:


Tags: ,

 
Apply Here for Loans and Cards
Product
Full Name
Mobile +91
Email ID
City
Net Salary (Yearly)
I Agree to privacy policy and  Terms and Conditions.
 



Disclaimer: This information is sourced from Bank's Website to help customers to gain information on Banks product.
    Home     Product Articles    Help Articles     Advertise With Us    Site Map     Terms of Use     Testimonials     Privacy Policy  Do Not Disturb
Disclaimer: Information is sourced from respective Banks websites. We don't provide Loans on our own but ensures your information is sent to bank/agent which you have opted for. We don't do short term loans. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks/Agents. Read More
DMCA.com
© Copyright 2014, Deal4loans, India
Address: E-32, Ground Floor, Sector - 8,
Noida, Uttar Pradesh, India - 201301
Phone: 1800 3000 1500
Email: contactus@deal4loans.com