ICICI BANK GOLD LOAN

Gold Loan is the loan which a customer keeps their Gold ( including gold coins, jewelry, ornaments) as collateral for taking the loan from the banks or financial institutions. The Gold which is with the bank act as a security for the bank against a default made on behalf of the customer. ICICI Bank Gold Loan is the best platform to get your gold loan.

Why Gold Loan?

Previously Gold was used to show off, but nowadays, Gold is not only for a showoff purpose, but it has proved to be an expensive product in case of financial need. Many financial institutions are providing loan against the Gold to their needy customers. With ICICI Bank Gold Loan, you can quickly get the required financial help within a short period of time.

Eligibility Criteria

To get the ICICI Gold loan, one must fulfill the following  eligibility criteria:

  1. The first requirement is that the applicant must be a citizen of India to apply for the loan.
  2. Secondly, the age of the customer should not be less than 18 years.
  3. On the other hand, the maximum age of the applicant is 70 years.
  4. Next is that the gold should be in an appropriate form.
  5. In addition to this, collateral Gold should be at least 10 grams minimum.
  6. Lastly, the quality of Gold should be between 18-24 karats.

Documentation Required:

  1. First of all, your identity proof is needed, which can be an Aadhar card, voter ID card, Driving license, Passport, PAN card.
  2. Second, one proof of residence is required. It can be Aadhar card, voter ID card, Driving license, Passport, PAN card, water bill of last three months having the name of the applicant.
  3. Also, two colored photographs are required.
  4. Moreover, those who are seeking Agricultural Gold loan need to have agricultural land proofs.

Fees and Charges

The bank imposes certain fees and charges on the loan that it offers to the customer. These charges depend on different aspects of the loan which is taken by the bank:

  1. Processing Fees: The bank charges a reasonable amount of processing fees, which is 1% of the total loan amount.
  2. Pre-Payment Fees: It is 1% of the total outstanding loan amount
  3. The Gold Loan Rate starts from 10% onward.
  4. The Loan tenure is from 6 months to 12 months.
  5. The Loan amount that the customer can take in the form of loan is Rs. Ten thousand to Rs. 15 Lakhs.

Why ICICI Bank Gold Loan?

The ICICI Gold loan provides the following benefits:

1.Attractive Interest Rates: The Interest rate provided by the bank is the most attractive rate on per gram of loan.

2 Instant Gold Loan: ICICI bank sanctions the gold loans instantly against the jewelry of the person. The amount approved by the bank varies from Rs. 10,000 to Rs. 15 lakhs.

3 Gold Coins: The bank also provides Gold against the gold coins of 24 carats with 99.99% purity, issued only by banks operating in India. However, the RBI had laid down the guidelines that the quantity of Gold cannot exceed 50 grams per customer.

4.Loan Tenure: Gold loans can be availed for a minimum period of 6 months to a maximum period of 12 months.

5. Safety: After measuring the quality and quantity of the Gold, the Gold is kept very safely, in tamper proof pouch seals and is stored in the ‘bank’s vault. To assure the customer, this process is done in the presence of the customer.

6.Time Period: The bank takes only 30 minutes to approve the loan.

About ICICI Bank Gold Loan

ICICI Bank Gold Loan is the conclusive solution for various financial needs. The applicant can avail Gold loan whenever he needs funds for the education of children, business expansion, down payment for the purchase of property or automobile, medical emergency, holiday with family, agricultural needs, etc.

With ICICI Bank Gold Loan you’ll get:

1. Instant Loan Across The Table

2. Attractive Interest Rates

3. Simple & Easy Documentation

4. Repayment At The End of Loan Tenure

5. Complete safety of jewels

How to Apply on lendingwale.com

Steps to apply

First of all search for lendingwale.com on google

A form will open up.

After that, fill the form with the required information.

Our Relationship Manager assists you as soon as possible and will help you get your Gold Loan.




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