ICICI Home Finance unveils instant gold loans

Pune: ICICI Home Finance has unveiled its Gold Loan scheme, packed with unique benefits such as instant disbursement via NEFT and RTGS making transaction safe and secure. Additional features of the ICICI Home Finance Gold Loan include bullet repayments that will help cut down the burden of an EMI, as well as a fixed interest rate throughout the loan tenure, and a foreclosure payment option, for those fraught with economic hardships during this Covid-19 pandemic. The ICICI Home Finance Gold Loan scheme interest rate ranges from 12% to 21% per annum, and the loan amount starts from Rs. 10,000 upto Rs.10 lakhs.
Each ICICI Home Finance branch has its own gold valuer, who can evaluate the value of gold in the customer’s presence. The application process requires the submission of KYC documents such as Proof of Identity and Proof of Address, PAN/Form 60, customer’s photograph and a blank cancelled cheque. Each branch’s sales team can review the application and disburse the loan on the spot.
Speaking about the Gold Loan scheme, Mr. Anirudh Kamani, CEO, ICICI Home Finance, said, “Our Gold Loan scheme has been developed to offer quick monetary assistance to those salaried and self-employed individuals running their businesses and families. Our Gold loans scheme ensures direct cash transfer in a secure way which can be used for payments related to Covid-19 medical care, school fees. It can be used as working capital for businesses and for any timely payments which are causing roadblocks during this period.”
ICICI Home Finance has been taking proactive measures at 135 branches that have opened up across orange and green zones, including temperature screening of all visitors and employees before entering the branch, cleaning of common office spaces regularly, and placing of hand sanitisers at various locations, and having employees use masks at all times.