ICICI Bank Gold Loan Interest Rate: Slab Pricing, Decoded

ICICI Bank prices gold loans across an indicative 9.25%–18% band — and the single biggest lever is how much of your gold's value you draw: lower LTV, lower rate. Per ₹1 lakh borrowed, the monthly interest runs from ₹771 at the floor to ₹1,500 at the top slab.

Figures on this page are indicative and for comparison only — BankCreds is not a lender; confirm current rates, charges and eligibility with the bank or NBFC before applying.

Why ICICI Bank quotes three different rates for one pledge

ICICI Bank prices the cushion, not the customer: the smaller the share of your gold's value you draw, the safer the loan, the lower the rung you're quoted.

You draw (of value)Indicative rate*Monthly / ₹1 lakh
Up to ~55–60%9.25%₹771
~60–70%13.75%₹1,146
Max (75% cap)18%₹1,500

*Indicative framing of ICICI Bank's 9.25%–18% band; actual scheme boundaries vary. Verify at branch — the KFS binds.

The per-lakh column converts rates into grocery-math: ₹5 lakh drawn at ICICI Bank's floor slab carries ₹3,855 of monthly interest; the same at the top slab, ₹7,500. If your gold comfortably covers the need, "quote me a lower-LTV scheme" is the cheapest sentence in gold borrowing.

Drawn@9.25%/mo@13.75%/mo@18%/mo
₹2 lakh ₹1,542 ₹2,292 ₹3,000
₹5 lakh ₹3,855 ₹5,730 ₹7,500
₹10 lakh ₹7,710 ₹11,460 ₹15,000

The ladder against neighbours

LenderFloorCeilingMonthly/₹1L at floor
ICICI Bank9.25%18%₹771
Karur Vysya Bank 9.25% 11% ₹771
HDFC Bank 9.3% 17.9% ₹775
Bank of Baroda 9% 9.4% ₹750

Read floors against floors: a lender whose ceiling scares you may still hold the sharpest low-LTV slab. ICICI Bank's position above is one input; your appraisal and scheme pick decide the rest.

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ICICI Bank gold loan — FAQs

Why does ICICI Bank charge different gold-loan rates on different schemes?
Each ICICI Bank scheme sells a different margin of safety: draw 55–65% of your gold's value and the thick cushion earns you rates near 9.25%; insist on the full 75% advance and the thin cushion prices toward 18%. The board isn't inconsistent — it's a menu of that single trade.
What does a ICICI Bank gold loan cost per month per ₹1 lakh?
Take the rate, divide by twelve, apply to each lakh: ICICI Bank's 9.25% floor works out to ₹771/lakh/month and its 18% ceiling to ₹1,500. The table above does this for ₹2–10 lakh so the counter can't do it to you.
Are ICICI Bank's advertised gold-loan rates guaranteed?
They're indicative by design — compiled from ICICI Bank's public grids and market reporting, and subject to scheme and ticket. RBI's KFS requirement is your protection: the exact rate, APR and every charge must reach you in writing before you accept, and that sheet is the only version that counts.
Can I move my gold loan from ICICI Bank to a cheaper lender later?
It's a normal move: settle ICICI Bank's outstanding, verify and collect your sealed packet, walk it to the cheaper counter. Plan the day so the gold is never uninsured in a drawer overnight, and let a multi-point rate gap — not a fraction — justify the fresh pledge costs.
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Disclaimer: BankCreds.com is a loan comparison platform and does not directly lend, disburse, or provide any financial products. We aggregate and display loan offers from RBI-registered banks and NBFCs to help you make an informed decision. All loan applications are processed directly by the respective lender. Interest rates, charges, eligibility, and terms shown are indicative and subject to the lender's final assessment. Please read the lender's terms and conditions carefully before applying.