menu menu-mobile
menu-open

Open Show Opening Hours

Monday - Saturday : 9.00 am to 5.30 pm

Sunday : Holiday

Logo

Toll Free: 1800 31 333 53

Subpage Banner

Gold Loan

Gold Loan
Service

Gold Loan

Walk into any of ICL branches and receive money against pledging of your gold ornaments. The Sales executive at our branches will take care of all the procedures. The loan amount against your ornament will depend upon the rate of Gold on that particular day and also its purity. Our Sales Executive at the branch will accordingly inform you the details.

ICL Fincorp Limited Gold Loan

The customer is entitled to receive back the gold pledged after the loan amount with complete interest has been paid. If a customer fails to repay the amount within the due date, ICL might decide to auction off gold to recover the dues. However, the customer will be given ample intimations before such a decision will be taken.

ICL Gold loan service has many products specially designed to cater to customer's varied requirements. ICL is the only company that has a gold loan product with the lowest interest rate of 9% in the industry.

The salient features of our Gold Loan service are as follows:

  • Simple and easy procedures with minimum documentation
  • Quick disbursal of loan
  • Options to repay the loan on an installment basis
  • No Gold evaluation charge
  • High security with strong room and CCTV
ICL Fincorp Limited Gold Loan


1.       ICL 112 GOLD LOAN (ICL-112)

The details of the scheme are as follows:

Scheme Name Loan Amount Interest Rate LTV Duration
ICL-112 Up to 25 lakhs 20% 65% 180 days
  • This is a 30 Days interest payment scheme.
  • Interest to be paid on or before each 30 days from the date of disbursement/ previous interest payment.
  • There will be 2 % hike on the interest rate for each 30 days if the customer does not pay full interest on the due date, for the entire outstanding amount.
  • After the loan duration, the Rate of interest will be 30%.
  • Applicable to kerala branches only.
  • Effective from 29/09/2023

Slab Rates:

Sl No Days Interest Rate
1 1-30 Days 20%
2 31-60 Days 22%
3 61-90 Days 24%
4 91-120 Days 26%
5 121-150 Days 28%
6 151-180 Days 30%
7 Above 180 Days 30%

 


2.      ICL 125 GOLD LOAN (ICL 125)

The details of the scheme are as follows:

Scheme Name Loan Amount Interest Rate LTV Duration
ICL-125 Up to 25 lakhs 18% 65% 180 days
  • This is a 30 Days interest payment scheme.
  • Closing charges of Rs.50/- will be collected at the time of settlement. 
  • Interest to be paid on or before each 30 days from the date of disbursement/ previous interest payment.
  • There will be a 2% hike on the interest rate for each 30 days if the customer does not pay full interest on the monthly due date, for the entire outstanding amount.
  • After the loan duration, the Rate of interest will be 28%.
  • Applicable to Kerala branches 
  • Effective date 29/09/2023
     
Sl No Days Interest Rate
1 1-30 Days 18%
2 31-60 Days 20%
3 61-90 Days 22%
4 91-120 Days 24%
5 121-180 Days 26%
6 Above 180 Days 28%

 

3.       ICL 126 GOLD LOAN (ICL 126)

The details of the scheme are as follows:

Scheme Name Loan Amount Interest Rate LTV Duration
ICL-126 Up to 25 lakhs 22% 65% 180 days
  • This is a 30 Days interest payment scheme.
  • Interest is to be paid on or before each 30 days from the date of disbursement/ previous interest payment.
  • There will be a 2 % hike on the interest rate for each 30 days if the customer does not pay full interest on the due date, for the entire outstanding amount.
  • After the loan duration, the Rate of interest will be 30%.
  • Applicable to Outside Kerala branches.
  • Effective from 29/09/2023

 

Sl No Days Interest Rate
1 1-30 Days 22%
2 31-60 Days 24%
3 61-90 Days 26%
4 91-120 Days 28%
5 121-180 Days 30%
6 Above 180 Days 30%

4.       ICL 127 GOLD LOAN (ICL-127)

 

The details of the scheme are as follows:

Scheme Name Loan Amount Interest Rate LTV Duration
ICL-127 No Limit 24% 65% 180 days

 

  • This is a 30-day interest payment scheme.
  • Interest to be paid on or before every 30 days from the date of disbursement/ previous   Interest payment
  • There will be a 2% hike on the interest rate for each 30 days if the customer does not pay. Full interest on the due date, for the entire outstanding amount.
  • After the loan duration, the Rate of interest will be 32%.
  • Applicable to Outside Kerala  Branches only.
  • Effective from 29/09/2023.

 

Sl No Days Interest Rate
1 1-30 Days 24%
2 31-60 Days 26%
3 61-90 Days 28%
4 91-120 Days 30%
5 121-180 Days 32%
6 Above 180 Days 32%
All Services

Other Services

Our
Branches

Kerala

115 Branches

Explore

Tamilnadu

50 Branches

Explore

Karnataka

29 Branches

Explore

TELANGANA

26 Branches

Explore

ANDHRA PRADESH

9 Branches

Explore

Odisha

40 Branches

Explore
ICL Branches