GOLD LOAN

ICICI Bank Gold Loan provides a quick loan disbursal subject to the verification of the gold and other documents that you submit. The approvals are at the sole discretion of ICICI Bank.

The Gold Loan documentation process is very simple. It does not require you to share the income proofs. The documents required for a Gold Loan are:

• Two passport size photographs
• Identity proof such as Driving Licence/ Form 60/Form61/ Passport Copy/ Voter ID Card/ Aadhaar Card/ Ration Card (any one). PAN Card issued in India is no longer considered as a valid identity proof
• Address proof such as Driving Licence/ Voter ID Card/ Ration Card/ Aadhaar Card/ Passport Copy/ Registered lease agreement with utility bills not older than 3 months in the name of your landlord (any one)
• Proof of land holding needs to be provided in case of an Agricultural Loan of more than Rs 1 lakh

A Gold Loan can be availed for a minimum of Rs 50,000 and maximum of Rs 1 crore per customer.

Jewel Loan/ Gold Loan Process of Deceased Claim:

1. Nominee as mentioned during account opening in iGold/AOF duly signed by customer can be considered at the time of full and final repayment in case of borrower’s death

2. For cases where nominee is not declared by borrower at the time of account opening, repayment has to be done by the legal heir

3. Pouch to be handed over only post closure of account

4. SR should not be raised for Jewel Loan Accounts as the account gets closed at Branch end.

Adherence to the below scenarios is mandatory:

With Nomination:

a) Death Certificate

b) KYC of the nominee.

Without nomination:

1) Amount less than Rs 25000:

• Copy of Death Certificate

• Indemnity letter signed by the claimant.

2) Amount between Rs 25000 and Rs 10 lakh:

• Copy of Death Certificate

• Indemnity letter signed by the claimant, backed by 2 sureties.

3) Amount above Rs 10 lakh:

• Copy of Death Certificate

• Indemnity letter signed by the claimant backed by 2 sureties

• Affidavit on stamp paper

• Copy of the Will and letter of probate / letter of administration.