Key facts: ICICI Bank vs SBI gold loan
- Starting rate: ICICI Bank 8.55%, SBI 9.15%. This is the lowest rate each loan provider advertises for a gold loan, not the rate everyone is offered.
- Gap between starting rates: 0.6 percentage points between the lowest and the highest.
- Top of the published range: ICICI Bank up to 16.50%.
- Maximum tenure: SBI 3 years. ICICI Bank does not state one in months or years.
- Type of loan provider: ICICI Bank is a private bank; SBI is a public sector bank. Banks and NBFCs price floating rates differently.
- Official websites: icici.bank.in, sbi.bank.in.
- Pages checked: 3 official pages opened for this loan type.
- Loan types with a published rate: ICICI Bank 6, SBI 6 (out of 8 we track).
- Last checked: 12 October 2026, on each loan provider's own website.
Who each loan provider suits on a gold loan
Built only from figures the loan providers publish. It says where each one is ahead on paper, not who will approve you.
Pick ICICI Bank if you want
- The lower published starting rate (8.55%)
Pick SBI if you want
- The most complete published terms for this loan (5 of 5 details)
ICICI Bank vs SBI gold loan: rate, fees and tenure
Starting gold loan rates as published: ICICI Bank from 8.55% and SBI from 9.15%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | ICICI Bank | SBI |
|---|---|---|
| Published rate | Ranges from 8.55% to 16.50% (Q4 Jan-Mar 2026 per page; FAQ min 8.75%, meta description 'starting at 9.25%') | Mean rate 9.25%; 12-month bullet 9.15%, EMI-based 10.10%, overdraft 10.10% (page also lists 10.00% in FAQ) |
| Rate basis | Not published | 1-year MCLR (8.70%) + spread 0.45% (bullet) / 1.40% (EMI, OD) |
| Loan amount | Up to Rs 3 crore (meta description says Rs 2 Cr) | Rs 20,000 (overdraft Rs 5,00,000) to Rs 1 crore per individual per FAQ (page also cites Rs 50 lakh ceiling) |
| Maximum tenure | Not published | EMI 36 months; bullet 12 months; overdraft 36 months |
| Processing fee | Up to 2% of loan amount + applicable taxes | Features table: 0.25%-0.30% + GST with minimums (Rs 250 to Rs 7,500) |
| Prepayment / foreclosure | Not published | No prepayment penalty; no foreclosure charges |
| Eligibility (as published) | Indian citizens aged 18-85 | Age 18+ with steady income; individuals singly or jointly |
| Other terms published |
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| Official source | icici.bank.in/personal-banking/loans/gold-loan | sbi.bank.in/web/personal-banking/loans/gold-loan/personal-gold-loans sbi.bank.in/web/interest-rates/interest-rates/processing-fees |
Read the full guide: Gold loan
What each loan provider publishes about its gold loan
ICICI Bank
Private bank · ICICI Bank Limited
- Eligibility as published: Indian citizens aged 18-85
- Loan based on gold purity and weight
- Quick processing
- Flexible repayment options
SBI
Public sector bank · State Bank of India
- How the rate is set: 1-year MCLR (8.70%) + spread 0.45% (bullet) / 1.40% (EMI, OD)
- Eligibility as published: Age 18+ with steady income; individuals singly or jointly
- Secured by gold ornaments or bank-sold gold coins (max 50 g)
- Margin 28% (EMI), 35% (bullet), 26% (OD)
- No loan against 24-carat bars or biscuits
- Appraiser charges paid by applicant
Before you apply for a gold loan
- Valuation: Your gold is tested for purity and weighed, and the loan provider lends against a share of its value. Two loan providers can value the same gold differently.
- Repayment option: Some offer EMIs, others charge monthly interest and take the principal at the end. Pick the one that fits how your money comes in.
- Safekeeping: The gold stays in the loan provider's vault and comes back when you close the loan. Ask about insurance cover on it.
- Missed repayment: If you stop paying, the loan provider can sell the gold after notice. Ask how long the notice period is.
RBI requires every loan provider to hand you a Key Fact Statement before you sign. It shows the rate, every fee, the APR and the total you will repay.
Terms used on this page
Plain meanings of the terms this comparison uses.
Starting rate: The lowest rate a loan provider advertises for a product. Most borrowers are offered a higher rate, because the final rate depends on credit score, income, employer and loan amount.
APR: Annual percentage rate. It adds the processing fee and other charges to the interest rate, so it shows the yearly cost of the loan better than the interest rate alone.
Key Fact Statement: A short summary the loan provider gives you before you sign. It lists the interest rate, every fee, the APR and the total amount you will repay. RBI requires it for retail loans.
Floating rate and repo rate: A floating rate moves with a benchmark, and for banks that is usually the RBI repo rate, the rate at which RBI lends to banks. A fixed rate stays the same for the period you agree.
Processing fee: A one-time charge for handling the application. It is usually a percentage of the loan amount plus GST, and it is often deducted before the money reaches you.
Credit score: A number from 300 to 900 that shows how you have repaid past loans and cards. A higher score usually gets you a lower rate.
Sources and last check
Every figure above is read from the loan provider's own website and was checked on 12 October 2026. A blank means the page does not show that figure, and we never estimate one.
- ICICI Bank: icici.bank.in/personal-banking/loans/gold-loan
- SBI: sbi.bank.in/web/personal-banking/loans/gold-loan/personal-gold-loans sbi.bank.in/web/interest-rates/interest-rates/processing-fees
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More gold loan comparisons
ICICI Bank vs SBI: every loan type on one page · All gold loan comparisons · Gold loan guide · Gold loan EMI calculator
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Frequently asked questions
Which is better for a gold loan: ICICI Bank or SBI?
ICICI Bank has the lower published starting gold loan rate at 8.55%, against 9.15% at SBI. Rate is only one part of the cost, so also compare the processing fee, the prepayment terms and the total repayable amount in the Key Fact Statement.
Which has the lower gold loan interest rate: ICICI Bank or SBI?
ICICI Bank has the lower published starting gold loan rate at 8.55%, against 9.15% at SBI. The published ranges run to ICICI Bank up to 16.50%, so the rate you are offered can sit well above the starting rate.
What is the gold loan processing fee at ICICI Bank and SBI?
ICICI Bank: Up to 2% of loan amount + applicable taxes. SBI: Features table: 0.25%-0.30% + GST with minimums (Rs 250 to Rs 7,500). Fees can change, so confirm the amount in rupees, with GST, before you accept.
What is the maximum gold loan tenure at ICICI Bank and SBI?
ICICI Bank: not published. SBI: EMI 36 months; bullet 12 months; overdraft 36 months. A longer tenure lowers the EMI and raises the total interest.
Can I prepay or foreclose a gold loan early at ICICI Bank and SBI?
ICICI Bank: not published. SBI: No prepayment penalty; no foreclosure charges. Ask whether the rate on your loan is fixed or floating, because the charges depend on it.
How much gold loan can I get from ICICI Bank and SBI?
ICICI Bank: Up to Rs 3 crore (meta description says Rs 2 Cr). SBI: Rs 20,000 (overdraft Rs 5,00,000) to Rs 1 crore per individual per FAQ (page also cites Rs 50 lakh ceiling). The amount you are offered depends on your income, credit profile and the security you give.
Who is eligible for a gold loan at ICICI Bank and SBI?
ICICI Bank: Indian citizens aged 18-85. SBI: Age 18+ with steady income; individuals singly or jointly. Each loan provider can ask for more documents once you apply.
Are ICICI Bank and SBI regulated by the RBI?
Yes. ICICI Bank is a private bank, SBI is a public sector bank, and all lend under RBI rules, including the requirement to give you a Key Fact Statement before you sign.
Where do these gold loan figures come from?
From the official pages of ICICI Bank and SBI, opened and checked on 12 October 2026. The sources are listed at the bottom of this page. We show a blank where a loan provider does not publish a figure, and we do not estimate one.
KhatuLoans is not a loan provider and is not paid by the loan providers named here to rank them. Rates, fees and eligibility change; always confirm with the loan provider. Read our editorial policy and how we make money.