ICICI Bank Gold Loan Interest Rate 2026: Processing Fee, Documents Required, Eligibility, How to Apply
In times of financial urgency, many individuals prefer leveraging their existing assets instead of opting for unsecured loans with higher interest rates. Gold, being one of the most trusted and liquid assets in India, serves as a reliable collateral option. A gold loan allows borrowers to pledge their gold jewellery and receive immediate funds without selling their precious assets.
- Also Read: Live Gold Price Today
Among private sector lenders, ICICI Bank stands out for offering structured, transparent, and relatively competitive gold loan schemes. The ICICI Bank Gold Loan Interest Rate 2026 begins at 9.15% per annum and may go up to 16.75% per annum, depending on factors such as loan amount, repayment tenure, customer relationship, and market conditions.
- Also Read: Lowest Gold Loan Interest Rate in India
ICICI Bank provides gold loans ranging from ₹50,000 to ₹2 crore, making the scheme suitable for small personal emergencies, business liquidity needs, agricultural funding, or short-term financial bridging requirements. This article presents a detailed, information-rich explanation of the ICICI Bank Gold Loan structure in 2026, including rate slabs, per gram valuation, agricultural rates, eligibility norms, documents required, processing charges, and operational procedures.
ICICI Bank Gold Loan Interest Rate Highlights
Before understanding the deeper mechanics of the scheme, here is a structured overview of the key parameters governing ICICI Bank gold loans in 2026:
| Feature | Details |
| Interest Rate | 9.15% – 16.75% p.a. |
| Loan Amount | ₹50,000 to ₹2 crore |
| Loan Tenure | 6 to 12 months |
| Gold Loan per Gram | ₹1,755 – ₹2,145 (approx.) |
| Processing Fee | Up to 2% of loan amount |
| Foreclosure Fee | 0% to 2% |
| Appraiser Charges | ₹350 to ₹1,500 |
| Customer Care | 1800 1080 |
These highlights reflect ICICI Bank’s positioning as a premium private lender offering higher loan ceilings compared to many public sector banks.
ICICI Bank Gold Loan Interest Rate 2026
The ICICI Bank Gold Loan Interest Rate 2026 ranges between 9.15% and 16.75% per annum.
The variation in rate is influenced by multiple determinants:
- Loan amount requested
- Tenure selected (6 months or 12 months)
- Loan-to-Value (LTV) ratio
- Internal credit policies
- Customer’s banking relationship
- Promotional or seasonal offers
Since gold loans are typically short-term secured loans, even a marginal difference in interest rate can materially impact the total repayment obligation. Borrowers must therefore assess the cost structure holistically rather than focusing only on the starting rate.
Interest Rate Structure Considerations
- Lower loan amounts may qualify for lower rates in certain campaigns.
- Shorter tenure loans may carry slightly different effective cost calculations.
- Premium banking customers may negotiate preferential pricing.
The interest is generally calculated on a simple interest basis, depending on the repayment model chosen.
ICICI Bank Gold Loan Rate per Gram
The loan amount sanctioned per gram of gold depends on the daily market price of gold and the purity of the pledged ornaments.
In 2026, the gold loan per gram offered by ICICI Bank typically ranges between:
- ₹1,755 and ₹2,145
However, this figure is dynamic and fluctuates based on:
- International gold prices
- Domestic bullion market rates
- Gold purity (18–22 carats accepted)
- RBI-mandated LTV cap (maximum 75%)
Important Valuation Rules
- Embedded stones and decorative materials are excluded from weight calculation.
- Net gold weight is used for determining eligibility.
- Valuation is based on the previous day’s gold market rate.
- Final sanction amount cannot exceed 75% of assessed value.
Higher purity and greater weight increase loan eligibility, though the bank may adjust LTV margins conservatively.
ICICI Bank Agriculture Gold Loan Interest Rate
ICICI Bank provides gold loans to individuals engaged in agricultural activities. The interest rate slab remains within the standard range:
- 9.15% – 16.75% per annum
Agricultural gold loans may be used for:
- Crop financing
- Purchase of seeds and fertilizers
- Irrigation systems
- Agricultural equipment
- Working capital for allied rural activities
Unlike certain public sector banks that offer subsidised agri-specific slabs, ICICI Bank applies standard rate structures, although flexible documentation norms may apply.
ICICI Bank Gold Loan Interest Rate for Farmers
Farmers and rural borrowers can avail gold loans within the same pricing framework.
- Applicable Rate: 9.15% to 16.75% p.a.
Key advantages for farmers:
- No mandatory income proof requirement
- Faster approval due to collateral security
- Minimal documentation
- Quick liquidity during seasonal cycles
However, borrowers should verify whether agricultural classification offers any fee concessions at the branch level.
ICICI Bank Gold Loan Procedure
The gold loan procedure at ICICI Bank follows a systematic and compliance-driven framework designed to ensure transparency, accuracy, and risk management.
Step 1: Initial Application
The borrower can initiate the application:
- Online through the ICICI Bank website
- Via mobile banking
- By visiting the nearest branch
Basic personal details and loan requirements are submitted during this stage.
Step 2: Gold Purity and Weight Assessment
Certified appraisers conduct a physical evaluation of the gold ornaments. The bank assesses:
- Carat purity
- Net gold weight
- Structural integrity of ornaments
Advanced testing equipment ensures precise valuation.
Step 3: Market Price Determination
The assessed gold weight is multiplied by the previous day’s gold rate to determine total market value.
Step 4: Loan-to-Value Calculation
As per RBI regulations, the maximum LTV ratio permitted is 75%. ICICI Bank calculates the eligible loan amount within this regulatory cap.
Step 5: Agreement & Documentation
Loan terms including:
- Interest rate
- Processing fee
- Foreclosure conditions
- Tenure
- Repayment method
are explained to the borrower. Upon agreement, documentation is completed.
Step 6: Disbursement
After signing the agreement:
- Loan amount is credited directly to the borrower’s bank account.
- Disbursement generally occurs within 24 hours.
ICICI Bank Gold Loan Eligibility Criteria
To qualify under the ICICI Bank Gold Loan Interest Rate 2026, applicants must satisfy the following:
Age Criteria
- Minimum: 18 years
- Maximum: 85 years
Gold Purity
- Acceptable range: 18–22 carats
Ownership
- Applicant must be the rightful owner of the pledged gold.
Income Documentation
- No compulsory income proof required.
- Bank statements may be requested in specific cases.
The simplified eligibility structure makes gold loans accessible across income segments.
Documents Required for ICICI Bank Gold Loan
Applicants must provide:
Identity Proof (Any One)
- Aadhaar Card
- PAN Card
- Passport
- Driving Licence
- Voter ID
Address Proof (Any One)
- Aadhaar
- Passport
- Driving Licence
- Voter ID
- NREGA Job Card
Additional Requirements
- Two passport-sized photographs
- Landholding proof (for loans exceeding ₹1 lakh in certain cases)
PAN is mandatory for financial compliance and reporting.
ICICI Bank Gold Loan Processing Fee
ICICI Bank charges processing fees to cover administrative and operational costs.
- Up to 2% of the sanctioned loan amount
- Applicable for both 6-month and 12-month tenures
- GST applicable
Processing fees vary depending on:
- Loan size
- Customer profile
- Campaign offers
Borrowers should request written confirmation of applicable charges before finalisation.
ICICI Bank Gold Loan Appraiser Charges
Appraiser charges are levied for professional gold valuation services.
| Loan Amount | Appraiser Charges |
| Up to ₹3 lakh | ₹350 |
| ₹3 lakh – ₹10 lakh | ₹750 |
| Above ₹10 lakh | ₹1,500 |
These charges are generally payable at the time of evaluation.
ICICI Bank Gold Loan Maximum Limit
ICICI Bank has defined structured borrowing limits:
- Minimum Loan Amount: ₹50,000
- Maximum Loan Amount: ₹2 crore
- Minimum Tenure: 6 months
- Maximum Tenure: 12 months
The higher ceiling of ₹2 crore distinguishes ICICI Bank from many competitors in the gold loan segment.
How to Apply For ICICI Bank Gold Loan?
Applying for a gold loan with ICICI Bank is designed to be simple, structured, and time-efficient. However, understanding each stage of the application process can help borrowers avoid delays and ensure smoother approval.
ICICI Bank offers both online and offline channels for initiating a gold loan request.
Online Application Process (Step-by-Step Detailed)
Let’s explore online application process:
Step 1: Visit the Official ICICI Gold Loan Page
Access the ICICI Bank website and navigate to the gold loan section. Click on the “Apply Now” button to begin the application.
Step 2: Submit Basic Details
You will be required to enter:
- Full name
- Mobile number
- PAN details
- OTP verification
This step initiates lead registration.
Step 3: Verification Call
A bank executive contacts you to:
- Confirm loan requirement
- Explain indicative interest rate range
- Schedule branch visit for gold valuation
Step 4: Gold Valuation Visit
You must physically visit the branch with:
- Gold ornaments
- KYC documents
The bank conducts:
- Purity testing
- Net weight measurement
- Market rate calculation
Step 5: Loan Offer Confirmation
The bank communicates:
- Eligible loan amount
- Applicable ICICI Bank Gold Loan Interest Rate
- Processing fee
- Tenure
- Repayment structure
Step 6: Agreement & Disbursement
After signing the agreement, funds are typically credited within 24 hours.
Offline Application Process
Borrowers preferring branch interaction can:
- Visit nearest ICICI Bank branch
- Submit gold loan application form
- Provide documents and gold for appraisal
- Complete KYC verification
- Sign loan agreement
- Receive disbursement
Offline processing often allows real-time clarification of loan terms.
How to Close Gold Loan in ICICI Bank?
Closing a gold loan is equally important as availing it. Borrowers must understand repayment discipline and closure policies to avoid additional penalties.
Closure methods include:
- Paying EMIs regularly until tenure completion
- Bullet repayment at maturity
- Foreclosure before maturity (with applicable charges)
Standard Closure Process
- Pay outstanding principal and accrued interest.
- Clear any applicable foreclosure or processing dues.
- Visit branch for gold release.
- Sign acknowledgment of loan closure.
Upon successful closure, the bank releases pledged ornaments after verification.
ICICI Bank Gold Loan Interest Rate Calculator
An interest rate calculator plays a crucial role in financial planning. ICICI Bank provides digital tools to calculate:
- EMI payable
- Total interest burden
- Total repayment amount
Calculation Inputs:
- Loan amount
- Interest rate
- Tenure
Example (Detailed Case Study)
- Loan Amount: ₹5,00,000
- Interest Rate: 11% per annum
- Tenure: 12 months
Interest Calculation (Simple Interest):
- ₹5,00,000 × 11%
- Interest Amount: ₹55,000
Total Repayment Amount:
- ₹5,00,000 + ₹55,000
- ₹5,55,000
If EMI structure is chosen, interest reduces gradually based on outstanding principal.
Using the calculator before applying ensures informed decision-making.
ICICI Bank vs Other Banks’ Gold Loan Interest Rates
Comparing lenders helps borrowers understand how the ICICI Bank Gold Loan Interest Rate compares with public and private sector competitors. ICICI Bank is known for digital-first services and fast loan disbursal, but borrowers should evaluate processing fees, repayment flexibility, and interest rate ranges before selecting a lender.
| Bank Name | Interest Rate (% p.a.) |
| ICICI Bank | 10.00% – 17.00% |
| Bank of India | 9.25% – 10.50% |
| Axis Bank | 9.50% – 16.00% |
| Canara Bank | 8.75% – 10.25% |
| SBI | 8.75% – 9.50% |
| Union Bank of India | 8.80% – 10.15% |
| Indian Overseas Bank | 9.30% – 10.25% |
| Punjab National Bank | 8.85% – 9.85% |
| Bank of Baroda | 8.75% – 10.60% |
| HDFC Bank | 9.00% – 17.00% |
| Federal Bank | 8.50% – 12.00% |
| Central Bank of India | 8.80% – 9.80% |
- ICICI Bank focuses on fast digital servicing: Quick approvals and online servicing attract borrowers needing immediate funds.
- Interest range may be higher than public banks: Premium services often come with wider rate variations.
- Public banks generally provide lower upper limits: Government banks may offer more conservative interest structures.
- Borrowers should compare complete cost structure: Fees and penalties influence final repayment beyond interest rates.
- Comparing banks ensures optimal borrowing: Reviewing alternatives helps select financially suitable gold loan options.
ICICI Bank Gold Loan Customer Care
ICICI Bank has a dedicated customer service segment to handle all queries related to gold loans. Customers can directly contact the bank through its toll-free number for assistance. For those travelling overseas, a separate customer care number is available to ensure uninterrupted support.
- Toll-free customer care number (India): 1800 1080
- Overseas customer care number: +91-22-33667777
ICICI Bank continues to provide accessible and transparent gold loan solutions for individuals seeking financial assistance against their gold assets. Before applying, it is important to carefully review all the relevant details to ensure a smooth and hassle-free experience.
- Read the terms and conditions thoroughly
- Check the interest rate
- Review penalty charges
- Verify valuation charges before finalising your decision
Strategic Borrower Advisory
Understanding the ICICI Bank Gold Loan Interest Rate 2026 is only one part of responsible borrowing. Below are strategic insights to help borrowers manage their loan efficiently.
Choose Tenure Carefully
Since ICICI Bank offers 6 to 12 months tenure, borrowers should:
- Opt for shorter tenure if repayment capacity is strong.
- Choose 12 months for better monthly cash flow management.
Longer tenure increases total interest payable.
Compare Effective Cost, Not Just Interest Rate
Borrowers must consider:
- Processing fees (up to 2%)
- Appraiser charges
- Foreclosure penalties
- Documentation charges
The effective annualised cost may differ from advertised interest rate.
Monitor Gold Prices
Gold value fluctuations affect:
- Top-up eligibility
- Renewal valuation
- Auction recovery value
If prices rise, you may become eligible for additional funding.
Final Thoughts
The ICICI Bank Gold Loan Interest Rate 2026 offers competitive borrowing solutions ranging from 9.15% to 16.75% per annum, with loan amounts up to ₹2 crore. The structured application process, transparent valuation mechanism, digital servicing options, and flexible repayment models make ICICI Bank a strong contender in the private banking gold loan segment.
Before applying, borrowers should:
- Evaluate repayment capacity
- Compare effective cost
- Understand foreclosure terms
- Use the interest calculator
- Confirm documentation requirements
When used responsibly, a gold loan from ICICI Bank can serve as an efficient and secure financial bridge without permanently parting with your valuable gold assets.
Sell Your Gold with Attica Gold Company
Instead of taking a loan, you may choose to sell your gold at Attica Gold Company. Known as India’s most trusted gold buyer, Attica offers fair evaluation, transparent pricing, and instant payments. Contact us and get the best value for your gold today.
FAQs
What is the gold loan interest rate in ICICI Bank?
The ICICI Bank gold loan interest rate in 2026 ranges from 9.15% to 16.75% per annum. The exact rate depends on the loan amount, tenure selected (6 or 12 months), and internal pricing policies of ICICI Bank. Higher loan amounts or specific schemes may attract different rate slabs based on prevailing bank guidelines.
How to apply for a gold loan in ICICI Bank?
You can apply for an ICICI Bank gold loan either online through the official website by submitting basic details and scheduling a branch visit for gold valuation, or offline by visiting the nearest branch directly. After document verification and gold appraisal, the bank finalises loan terms and disburses the amount upon agreement signing.
How to calculate gold loan interest in ICICI Bank?
ICICI Bank calculates gold loan interest generally on a simple interest basis depending on the chosen tenure and repayment structure. Borrowers can use the online gold loan interest calculator by entering the loan amount, applicable interest rate, and tenure to determine the EMI, total interest payable, and overall repayment amount before finalising the loan.
How to close a gold loan in ICICI Bank?
To close your gold loan, you must repay the outstanding principal along with accrued interest and any applicable foreclosure charges. Payment can be made through electronic transfer, cheque, demand draft, or branch payment. After settlement, visit the branch to complete formalities and collect your pledged gold ornaments from the bank vault.
How to renew a gold loan in ICICI Bank?
If you are unable to repay the loan within the original tenure, you may request renewal by visiting the branch before maturity. The bank will re-evaluate the pledged gold, calculate accrued interest, and provide revised loan terms. Upon payment of due charges and signing renewal documents, the loan tenure can be extended accordingly.
How to check the gold loan balance in ICICI Bank?
You can check your gold loan outstanding balance by logging into ICICI Bank’s net banking portal or mobile banking application and navigating to the loan section. Alternatively, you may contact customer care at 1800 1080 or visit your branch to obtain details regarding principal outstanding and accrued interest.
How to check gold loan status in ICICI Bank?
To track the status of your gold loan application, log in to ICICI Bank’s net banking portal or use the mobile banking app with your registered credentials. You can also contact customer care or visit the branch where you applied. Providing your application reference number helps the bank retrieve the current status quickly.
