The bank has designed gold loan as a mean to liquidate your gold and gold ornaments without having to sell them. This loan is available for both agriculture as well as allied agriculture requirements.

ICICI Bank Gold Loan Review states that it is an attractive loan which customers are willing to take as the ICICI Bank Gold Loan Interest Rate is attractive and the ICICI Bank Gold Loan Eligibility is easy to achieve.

ICICI Bank Gold Loan Interest Rate:

The current ICICI Bank Gold Loan Interest Rate is discussed below.

ICICI Bank Gold Loan Interest Rate is calculated on simple interest which is payable at the end of the tenure or closure of the limit. ICICI Bank Gold Loan Rate for direct agri is 12% p.a. ICICI Bank Gold Loan Rate for non-agri is 15% p.a. ICICI Bank Gold Loan Rate details can availed from the bank.

ICICI Bank Gold Loan Eligibility:

According to the ICICI Bank Gold Loan review the ICICI Bank Gold Loan Eligibility criteria are:

• ·Applicants between the age of 18 to 70 years are eligible for the ICICI Bank Gold Loan.
• ·The loan can be offered for gold ornaments of at least 18 carat purity.
• ·The gold coin should be issued by any bank of government body for ICICI Bank Gold Loan Eligibility.

ICICI Bank Gold Loan Documentation:

According to the ICICI Bank Gold Loan Review these documents are required for ICICI Bank Gold Loan

Eligibility:

Filled Application Form

Two Photographs

Proof Of Identification

Proof Of Residence

Affidavit stating the ownership of the gold

ICICI Bank Gold Loan Review shows that ICICI Bank Gold Loan can be availed for maximum loan tenure of 12 months which can be repaid in equated monthly instalments or post dated cheques. The loan will be processed according to the banking procedure once the documents have been submitted. The loan can be prepaid however the prepayment clause needs to be found from the bank.

ICICI Bank Gold Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on ICICI Bank Gold Loan eligibility and ICICI Bank Gold Loan Interest Rate etc. are on the official site at http://www.icicibank.com/Personal-Banking/loans/loan-against-gold/index.html