ICICI Gold Loan

ICICI Loan Against Gold Ornaments -

ICICI Bank presents “Loan Against Gold Ornaments”, designed to provide liquidity against gold ornaments without having to sell them.

This product is ideal to meet agriculture and allied agriculture requirements like cultivation, dairy, poultry, fishery, etc. Gold ornaments lying idle can be put to productive use by availing Loan Against Gold Ornaments.

The product is packed with features such as :

• Hassle-free quick processing of loans.
• Simplified paperwork.
• Easy payment options.
• Attractive interest rate.

So what are you waiting for?

Just walk into any of the select ICICI Bank branches offering this product and get a loan after a thorough valuation of your gold ornaments. ICICI’s lending rate per gram of gold will pleasantly surprise you.

My Opinion -

Loan against Gold is not the new concept in India. Since many centuries people lend their Gold Jewelleries & Borrow money on it. But this is the first time when Private Banks such as ICICI has enters into this highly un organized market.

The advantage of loan against gold is that, you can easily qualify for this Loan even if you are a low income individual who otherwise not qualified for a traditional loan. India is the largest consumer of Gold worldwide. And Indians own a whooping 15,000 Tonnes of Gold.