Gold Metal Loan
Gold Metal Loan (GML) is a mechanism under which a jewellery manufacturer borrows gold metal instead of rupees and settles the GML with the sale proceeds obtained. GML can be availed for 180 days in case of domestic jewellery manufacturers and for 270 days in case of exports.
Gems and Jewellery is one of the key industries in Indian market and ICICI Bank is one of the oldest key player nominated by the RBI for importing gold/ silver since 2002. ICICI Bank has extensive tie up with reputed bullion suppliers and logistics providers across the globe and is committed to the best pricing and quickest processing time.
![GML is offered under following schemes](/content/dam/icicibank/india/managed-assets/images/corporate/thumbnail-gml.jpg)
GML is offered under following schemes
- Fixed-tenure: Loans with a fixed interest rate and a pre-determined fixed repayment date
- Flexi tenure: Loans on a floating interest rate basis and the prepayment is permitted before the maturity of loan
Features and Benefits
- Fulfills working capital requirement of jewellery manufacturers
- Types of facilities available: Fixed term Gold Metal Loans and Gold Overdrafts
- Upfront delivery of gold with flexibility of fixing the gold price within 180/270 days
- Repayment of Gold Metal Loan in equivalent INR
- Attractive interest rate
![Features and Benefits](/content/dam/icicibank/india/managed-assets/images/corporate/thumbnail-features.jpg)
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