Gold Loan FAQs

Yes, you can foreclose or pre-pay your ICICI Bank Gold Loan. However, some charges would be applicable. Please click here to view the fees and charges of ICICI Bank Gold Loan.

You can repay your ICICI Bank Gold Loan through:

• NEFT

• Cheque

Other payment modes such as RTGS and UPI will be available soon.

Please click here to view the fees and charges for the Gold Loan.

Yes, a penal charge of 5% per annum (over and above the regular interest rate) will be levied for late payment.

An Indian Resident between the age of 18 and 85 years who is a business owner, trader, farmer or a salaried / self-employed individual is eligible to apply for a Gold Loan from ICICI Bank. You can check your eligibility through our Gold Loan Eligibility Calculator. 

Yes, you can pledge 24-carat gold coins issued by banks in India with 99.99% purity. However, as per RBI guidelines, the total weight of the gold coins pledged cannot exceed 50 grams per customer.

You will need to submit:

• Two passport-sized photographs

• Identity proof (Any one document from: Driving Licence, Passport, Voter ID, Aadhaar Card)

• Address proof (Any one document from: Driving Licence, Passport, Voter ID, Aadhaar Card, NREGA Job Card)

• For direct agricultural activity: Landholding proof if the Loan amount exceeds ₹1 lakh.

You can apply by following these steps:

• Visit the ICICI Bank website

• Go to the Gold Loan page and click on the ‘Apply For Gold Loan’ button

• Enter your full name and 10-digit mobile number in the form that opens

• An OTP will be sent to you for verification, enter the OTP

• Check the box to agree to the terms

• Click on ‘Apply Now’ to submit.

Yes. As per Rule 9B of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, customers must inform the Bank of any KYC updates within 30 days. You can do this by visiting any ICICI Bank Branch with relevant documentary proof.

A Gold Loan is a secured loan offered by ICICI Bank against the pledge of your gold ornaments. The value of your loan depends on the purity and weight of the gold pledged. Once you repay the loan in full, your gold is returned in the same condition.

You can pledge your gold ornaments at any ICICI Bank branch offering Gold Loan services. The bank values your gold and disburses a loan amount based on its value. The pledged gold remains securely stored until the loan is repaid.

ICICI Bank accepts gold jewellery and ornaments with purity between 18 and 24 karats. Gold coins and bars may not be accepted. Gemstones or other materials are excluded from valuation.

ICICI Bank accepts gold jewellery and ornaments with purity between 18 and 24 karats. Gold coins and bars may not be accepted. Gemstones or other materials are excluded from valuation.

Yes. You can start your application online through the ICICI Bank website or the iMobile app and then visit the nearest branch for gold valuation and loan disbursement.

• Quick disbursal and minimal documentation

• No income proof required

• Multiple repayment options

• Secure storage of pledged gold

• Transparent valuation process

Yes, subject to revaluation and approval by the bank, you may be eligible for a top-up loan.

If the gold value drops significantly, the bank may ask for additional margin or repayment to maintain the LTV ratio.

Yes, once your previous loan is closed and the gold is released, you can reapply with the same gold.

You can repay and request consolidation, subject to ICICI Bank’s internal policies.

A GML is a facility primarily for jewellery manufacturers or traders, allowing them to borrow gold in metal form. It differs from a personal Gold Loan.

No, interest paid on a Gold Loan is not tax-deductible, as it’s a secured Personal Loan.

Yes. As per Rule 9B of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, customers must inform the Bank of any KYC updates within 30 days. You can do this by visiting any ICICI Bank Branch with relevant documentary proof.

Yes. According to RBI guidelines, the maximum LTV ratio is 75% and tenure limits are defined by product category.