What are the minimum and maximum loan amounts that I can avail with this loan?

You can borrow a minimum of Rs. 10,000 and a maximum of Rs. 15 Lakhs as a gold loan.

In case my address changes (due to for example, a change in job location), will I need to contact the bank and let them know?

Yes, if you change your residential or business address, you must notify ICICI Bank within 7 working days. You can provide the updated details in writing to the bank.

How is the interest on my account calculated?

Interest on ICICI Bank gold loans is calculated as simple interest, which remains fixed and is calculated on a reducing balance basis.

How can I repay the loan amount?

You can repay the loan by using methods such as cheque, cash, demand draft (DD), or through funds transfer. Once the bank receives the borrowed amount, your jewelry will be released.

ICICI Bank Gold Loan

Updated on April 14, 2026

Author: MybankingTips Team

ICICI Bank gives loans using gold as security. You can borrow up to Rs 1 crore for 6 months or 1 year at 10% interest per year. You can pledge your gold jewelry or 24-carat gold coins from Indian banks. If you already have a gold loan with ICICI, you can get more money without putting up extra collateral.

ICICI Bank Gold Loan Highlights
Interest Rate	10% p.a.
Processing Fees	1% of the loan amount
Valuation Charges	Up to Rs 1,250
Foreclosure Charges	Up to 1% of the outstanding principal
Loan Tenure	6 months and 1 year
Loan Amount	Up to Rs 1 crore
Gold Loan Repayment Facility	At the end of your loan period or when you make partial payments.
Collateral	You can use your gold jewelry or 24-carat gold coins from different Indian banks as collateral.

ICICI Bank Gold Loan Interest Rate

ICICI Bank charges a 10% annual interest rate for gold loans. The interest rate may vary based on factors such as the applicant's credit profile, loan tenure, quality of the gold jewelry used as collateral, and the type of gold loan facility chosen.

Also read: Best Gold Loan Interest Rate

Gold Loan Interest Rates Offered By Partner Banks & NBFCs

Bank/NBFC/Fintech	Interest Rate
State Bank of India	8.75% p.a. onwards	Apply Now
Axis Bank	17% - 19% p.a. onwards	Apply Now
Punjab National Bank	9.25% p.a. onwards	Apply Now
Bank of India	8.80% p.a. onwards	Apply Now
IndusInd Bank	8.80% p.a. onwards	Apply Now
Bank of Baroda	9.40% p.a. onwards	Apply Now
Union Bank of India	9.30% – 10.65% p.a.	Apply Now
Canara Bank	9.25% p.a. onwards	Apply Now
HDFC Bank	8.50% - 15.97% p.a.	Apply Now
Federal Bank	8.99% p.a. onwards	Apply Now
ICICI Bank	10% p.a. onwards	Apply Now
Bajaj Finserv	9.50% – 28% p.a.	Apply Now
Manappuram Finance	12% p.a. onwards	Apply Now
Bank of Maharashtra	9.30% p.a. onwards	Apply Now
Kotak Mahindra Bank	8% - 24% p.a. onwards	Apply Now
Indian Bank	0.77% per month	Apply Now
IIFL Finance	11.88% - 27% p.a.	Apply Now
Rupeek	8.88% p.a. onwards	Apply Now
Muthoot Finance	10.90% p.a. onwards	Apply Now
Shriram Finance	11.40% p.a. onwards	Apply Now

ICICI Bank Gold Loan Processing Fees, Foreclosure Fees & Other Charges

Processing Fees & Other Charges

Particulars	Charges
Processing Fees	Up to 1% of the loan amount
Documentation Charges	Rs 199
Top Up Charges	1% of top up amount, subject to a minimum of Rs 250
Renewal Charges	For loans: Up to Rs 50,000: Rs 300 Above Rs 50,000 to Rs 1 lakh: Rs 350 Above Rs 1 lakh to Rs 2 lakh: Rs 500 Above Rs 2 lakh: Rs 1,000
Valuation Charges	For loans: Up to 1 lakh: Rs 100 Above 1 lakh to 2 lakh: Rs 200 Above 2 lakh to 3 lakh: Rs 300 Above 3 lakh to 4 lakh: Rs 400 Above 4 lakh to 5 lakh : Rs 500 Above 5 lakh to 10 lakh : Rs 750 Above 10 lakh: Rs 1,250

Loan Related Recovery Charges

Particulars	Charges
Overdue Handling Charges	Rs 750: If a notice is delivered to the communication address and no paper publication is required. Rs 1,700: If no notice is delivered to the communication address but paper publication is necessary. Rs 300: For sending an auction notice, in addition to the charges mentioned in points 1 and 2. Rs 200: For sending a loan recall notice, in addition to the charges mentioned in points 1 and 2.
Paper advertisement charges	At actuals
Auction charges for re-possessed asset	At actuals
Charges incurred in filing a legal suit	At actuals

Foreclosure Charges

Particulars	Charges
12 months product	1% of the outstanding principal if the loan is foreclosed within 11 months of disbursal. No foreclosure charges if the loan is foreclosed after 11 months of loan disbursal.
6 months product	1% of the outstanding principal is charged if the loan is foreclosed within 5 months of disbursal. No foreclosure charges are applicable if the loan is closed after 5 months of disbursal.

Particulars

Charges

12 months product

1% of the outstanding principal if the loan is foreclosed within 11 months of disbursal.

No foreclosure charges if the loan is foreclosed after 11 months of loan disbursal.

6 months product

1% of the outstanding principal is charged if the loan is foreclosed within 5 months of disbursal.

No foreclosure charges are applicable if the loan is closed after 5 months of disbursal.

Eligibility Criteria for availing ICICI Gold Loan

ICICI Bank provides gold loans to individuals aged between 18 and 70 years old.

Also read: Best Gold Loan Eligibility

Documents Required for ICICI Gold Loan Application

Here's what you need to apply for an ICICI Bank Gold Loan:

2 passport size photographs
Proof of land holding if applying for an agricultural loan of more than Rs 1 lakh
Supporting documents for an Allied Agri Activity Loan of more than Rs 5 lakh
Any one of the following ID proofs: Passport Copy, Voter ID Card, Driving License, Aadhaar Card, or Ration Card
Address Proof: You can submit a copy of your Driving License, Passport, Job Card issued by NREGA, Voter ID Card, or Aadhaar Card

Also Read : Best Gold Loan Documents Required

Features of ICICI Bank Gold Loan

Documentation: The paperwork is easy, and you'll benefit from competitive rates per gram.
Interest rate: The interest rate for the gold loan varies between 10% p.a. to 19.76% p.a.
Get a loan instantly: You can quickly get a gold loan ranging from Rs. 10,000 to Rs. 15 Lakhs. Just visit any ICICI Bank branch offering Gold Loan with your jewelry to get started.
Safety: Your precious jewelry's safety is a top priority at ICICI. Experts at the bank assess the value of your gold in front of you, seal it in a secure pouch, and store it in the bank's vault. This process is transparent and secure, ensuring your peace of mind when leaving your gold with ICICI.