Axis Bank offers gold loans starting from 17% p.a. for loan amounts of up to Rs 25 lakh, with flexible tenures of up to 3 years. Individuals can avail Axis Bank Gold Loan to meet various personal or business-related needs by pledging their gold ornaments or bank-issued gold coins weighing up to 50 gm as security/collateral. The lender ensures same-day disbursal of gold loans.
| Axis Bank Gold Loan Highlights | |
|---|---|
| Interest Rate | 17% – 19% p.a. |
| Processing Fees |
|
| Repayment Tenure | 6 months to 3 years |
| LTV Ratio | Up to 75% of the value of gold pledged as collateral |
| Loan Amount | Rs 25,001 to Rs 25 lakh |
Axis Bank offers gold loans at interest rates ranging between 17% p.a. and 19% p.a. The final interest rate depends on the specific loan scheme chosen by the applicant.
Also read: Best Gold Loan Interest Rate
| Bank/NBFC/Fintech | Interest Rate | |
|---|---|---|
| State Bank of India | 8.75% p.a. onwards | Apply Now |
| Axis Bank | 17% - 19% p.a. onwards | Apply Now |
| Punjab National Bank | 9.25% p.a. onwards | Apply Now |
| Bank of India | 8.80% p.a. onwards | Apply Now |
| IndusInd Bank | 8.80% p.a. onwards | Apply Now |
| Bank of Baroda | 9.40% p.a. onwards | Apply Now |
| Union Bank of India | 9.30% – 10.65% p.a. | Apply Now |
| Canara Bank | 9.25% p.a. onwards | Apply Now |
| HDFC Bank | 8.50% - 15.97% p.a. | Apply Now |
| Federal Bank | 8.99% p.a. onwards | Apply Now |
| ICICI Bank | 10% p.a. onwards | Apply Now |
| Bajaj Finserv | 9.50% – 28% p.a. | Apply Now |
| Manappuram Finance | 12% p.a. onwards | Apply Now |
| Bank of Maharashtra | 9.30% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8% - 24% p.a. onwards | Apply Now |
| Indian Bank | 0.77% per month | Apply Now |
| IIFL Finance | 11.88% - 27% p.a. | Apply Now |
| Rupeek | 8.88% p.a. onwards | Apply Now |
| Muthoot Finance | 10.90% p.a. onwards | Apply Now |
| Shriram Finance | 11.40% p.a. onwards | Apply Now |
Axis Bank offers gold loans with loan amounts ranging from Rs. 25,001 to Rs. 25 lakh. The final loan amount disbursed depends on factors such as the weight and purity of the gold offered as collateral, the market price of gold, and the Loan-to-Value (LTV) ratio set by the bank, which is up to 75% of the value of the gold pledged by the applicant.
Axis Bank aims to disburse gold loans on the same day as the loan application is submitted, providing customers with quick access to funds.
The loan tenure offered by Axis Bank for gold loans ranges from 6 months to 3 years.
Axis Bank offers both term loan and overdraft facilities for its gold loan scheme. Borrowers have the flexibility to choose from various repayment options:
Also read: Best Gold Loan EMI Calculator
| Particulars | Charges |
|---|---|
| Processing Fees |
|
| Penal Interest | 6% p.a. |
| Pre Payment Charges | NIL |
| Valuation Fee | Rs. 500 to Rs 1,500 |
| Stamp Duty | As per applicable state laws |
| Foreclosure Charges |
|
To be eligible for an Axis Bank Gold Loan, applicants must meet the following criteria:
Also read: Best Gold Loan Eligibility
To apply for an Axis Bank Gold Loan, you'll need to provide the following documents:
Also Read : Best Gold Loan Documents Required
Yes, you can make part payments on your loan to reduce your loan burden. Axis Bank allows borrowers to make partial payments of a minimum of Rs. 10,000, up to a maximum of 3 times, at any Axis Bank Loan against Gold Branch.
The loan amount you can avail under the Axis Bank Gold Loan ranges from Rs. 25,001 to Rs. 25 lakh. However, the final loan amount approved will depend on various factors including your requirements, the valuation of the gold you pledge as collateral, and your repayment capacity.
You can choose a flexible loan tenure ranging from 6 months to 36 months for your Axis Bank Gold Loan.
Yes, you will be required to pay a loan processing fee (non-refundable) and a valuation fee when availing an Axis Bank gold loan.
No, a co-applicant is not required for availing an Axis Bank gold loan.
