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ICICI Bank ICICI Bank

About Gold Loan Calculator

What is a Gold Loan Calculator?

A Gold Loan Calculator is an online tool that helps you estimate the loan amount you can receive by pledging gold as collateral. It factors in gold weight, purity, number of ornaments and the prevailing market rate to calculate the loan value accurately.

How to calculate Gold Loan eligibility?

To calculate eligibility, enter the gold’s purity (18 to 24 carats), its weight (in grams) and the loan tenure. The calculator uses these inputs, along with the Loan-to-Value (LTV) ratio and the gold’s market price, to determine your maximum loan amount.

 

How to use ICICI Bank’s Gold Loan Calculator?

Simply enter the weight, purity of your gold and the number of ornaments, select the desired tenure (6 or 12 months), and view your results. ICICI Bank’s Gold Loan Calculator provides an instant and accurate estimate of your eligible loan amount.

How does the Gold Loan Calculator determine if I qualify for the loan?

The calculator checks your gold's purity and weight against the market rate and applies the LTV ratio. If your gold meets ICICI Bank’s criteria, the displayed amount is the potential loan amount you can avail.

Gold Loan FAQs

Is it possible to use a Gold Loan Calculator for multiple loan options?

No, the Gold Loan Calculator is designed to estimate loans against gold. For other loans such as Personal Loan or Home Loan, you would need to use the respective calculators from ICICI Bank.

Does the calculator consider fluctuations in gold prices?

The Gold Loan Calculator uses the current market rate of gold. However, the final loan amount may vary depending on the price of gold on the actual application day.

Is the estimated loan amount final?

No, the calculator provides an approximate loan amount. The final loan amount will depend on factors like gold valuation and ICICI Bank’s approval process.

Can I use the calculator for jewellery with precious stones?

The loan is based on the net weight of the gold with precious stones removed. Make sure to enter only the weight of the gold for the result to be correct.

Do I need to have an account with ICICI Bank to use the Gold Loan Calculator?

No, you can use the calculator without an ICICI Bank account. However, having an ICICI Bank account can make the loan application process smoother and faster.

How accurate is the Gold Loan Calculator?

The calculator provides highly accurate estimates based on inputs like purity, weight and market rate. Final value, however, depends on in-branch gold valuation.

Can I calculate the EMI for a Gold Loan using the same calculator?

No, the Gold Loan Calculator estimates the loan amount. For EMI calculations, use the separate EMI Calculator available on the ICICI Bank website.

Is the Gold Loan Calculator free to use?

Yes, ICICI Bank offers the Gold Loan Calculator free of cost so that customers can plan their finances better.

Terms and conditions apply.
Interest rates and charges are subject to periodic revisions. Please verify the latest details before applying.

 

Disclaimer: 

 

Our Gold loan calculator offers estimeted interest amount and loan value which are indicative, tentative and based on the details entered by the user. actual our loan terms and eligiblity are subject to bank's approval. For precise loan details, consult our representative before taking dicisions based on these estimates.

 

<checkbox> I authorise ICICI BANK and its represantative to call or SMS me for providing assistence related to Gold Loan. the above consult will override and registration in DNC/NDNC, if applicable.

 

Disclaimer

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