| Loans - Loan against Gold Ornaments - FAQs - |
Who can avail of ICICI Bank Loan Against Gold Ornaments? Any individual between 18 and 70 years of age is eligible for the loan.
What are the minimum and maximum loan amounts? Minimum Loan amount: Rs. 5,000. Maximum Loan amount : Rs. 15,00,000.
What are the loan tenure options? The tenure is up to 12 months.
ICICI Bank Loan Against Gold Ornaments comes to you at attractive interest rates, which are calculated on the basis of the prevailing situation in the market at the time of the loan.
What are the documents that I need to submit?
How is the interest on my account calculated?
Do I have to pay any additional fee? Nominal processing fees, as applicable, is payable at the time of disbursement of loan.
How much time will it take for my loan to be approved? Normally it takes about 30 minutes from the time of filling application form for the loan to be disbursed.
Can I partially repay the loan? You can make part-payment but the ornaments will be released only after the entire outstanding amount is repaid.
Yes, the loan can be prepaid without any prepayment charges. You can repay the loan by cash, cheque, DD or funds transfer from an account. The ornaments would be released on realisation of monies by ICICI Bank.
Are there any charges levied for late payment of interest? Penal interest (as the case may be) will be charged at the rate of 2% per annum over and above the normal rate of interest.
When will the gold ornaments be auctioned? The ornaments will be auctioned if there is pending overdue but only after giving sufficient notice to the borrower.
How do I approach ICICI Bank for a loan? 1.Visit any ICICI Bank branch offering Loan Against Gold Ornaments. OR 2.click here to find various other ways to get in touch with us.
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