ICICI Bank offers loan against gold ornaments for all their customers in india to provide liquidity against gold ornaments without having to sell them. This loan is ideal to meet agriculture and allied agriculture requirements like cultivation, dairy, poultry, fishery, etc.
Loan Amount: One can avail a minimum loan amount of Rs.5,000 and maximum loan amount of Rs.15,00,000 from the ICICI Bank.
Eligibility criteria:
- The applicant should be between 18 and 70 years.
- Gold ornaments should be of 18 carat purity and above.
- Proceeds of loan should be used for agriculture and allied agriculture purposes.
Ineligible
- Pawn brokers.
- HUF, sole-proprietorship concerns, partnership firms, corporates and co-operatives.
- Bullion items like gold coins, bars and biscuits, etc.
Documents Required: In order to avail the loan against gold ornaments from ICICI Bank you needs to submit the following documents:
- 3 passport size photograph
- Proof of Identity
- Proof of Address
