AXIS BANK
Gold Loan

Following are the key details of Axis gold loan:

Following are the details of gold loan Axis Bank interest rate:

Following are the Axis Bank gold loan details and benefits:

• High loan amount against gold ornaments: Axis Bank provides you a loan amount up to Rs. 25 Lakhs against gold ornaments and gold coins to help you take care of any financial needs. 
• Quick disbursal: Axis Bank offers same day loan disbursal after your loan application is approved. 
• Affordable interest rates: Axis Bank gold loan interest rate starts from as low as 17% p.a. Axis Bank gold loan per gram rate is Rs. 4685 to Rs. 6247
• Zero prepayment charges: You can repay the Axis Bank gold loan in 6 to 36 months tenure. It can also  be foreclosed without having to pay any prepayment charges if the foreclosure is done after a lock-in period of 6 months. 
• Multiple repayment options: Axis Bank offers multiple loan repayment options to the borrowers. You can pay the interest upfront and the principal loan amount on the maturity date, or pay the interest amount on a monthly basis and the principal amount on the maturity date, or repay the loan through Equated Monthly Instalments (EMIs).
• Safety of gold ornaments: Your gold ornaments that you have pledged for the loan are completely safe at the Axis Bank vaults.
• Earn Axis eDGE reward points: You can earn Axis eDGE reward points on transactions and redeem them for 500+ rewards, bookings, recharges, and online and in-store shopping. You get a chance to earn 150 points on the disbursement of your gold loan.

Gold loan schemes of Axis Bank are very beneficial.  The bank offers various gold loans schemes like Agri, Non-Agri, Agri (SO_LNAPG), Non-Agri (SO_LRGMI), and Agri (PGLOD).

Axis Bank gold loan interest is different for each scheme. Axis Bank gold loan can be used for meeting urgent financial needs by pledging your gold ornaments or coins as collateral. This gold loan is one of the quickest alternatives of borrowing and can be availed within a day. Axis Bank gold loan rate starts from just 13.50% p.a. onwards. 

• Any person who is aged between 18 years to 75 years can apply for Axis Bank Gold Loan. 
• The loan is offered against the mortgage of gold ornaments and gold coins. 
• The maximum limit for loan against gold coins is 50 gm per customer.

Additional Reading: Cibil score check free online by pan number

Your will be required to submit the following documents to apply for an Axis Bank Gold Loan:

• Duly filled and signed loan application form
• Passport size photographs
• Proof of photo identity, address, and signature 
• PAN Card or Form 60
• Proof of age 
• Post-disbursement documents (if any)

• Interest rate: Axis gold loan interest rate starts from 17% p.a.
• Processing fee: Up to 0.50% of the sanctioned loan amount.
• Foreclosure charges: 2% of the amount prepaid if the loan is pre-closed before 6 months.
• Renewal fee: Up to 0.50% of the sanctioned loan amount.
• Valuation fee: Rs. 500 for LRGMA, LGEMA, LRGMI, LRGUI & Non-Agri(SO_LRGMI) and 0.25% or Rs. 500 (whichever is lower) for LNAPG, PGLTV, and other variants.
• Valuation fee for Punjab: Rs. 500 for LRGMA, LRGMI, LGEMA, LRGUI & Non-Agri(SO_LRGMI), and 0.40% or Rs. 1,200 (whichever is lower) for LNAPG, PGLTV, and other variants.
• Penal charges: 2% p.m for LRGMA, LGEMA, LRGMI, LGEMI, LRGUI & Non-Agri(SO_LRGMI), and 6% p.a for LNAPG, PGLTV and other variants. 
• Goods and Services Tax (GST): GST as applicable will be charged extra on all the charges & fees (wherever GST is applicable).

You can apply for Axis Bank Gold Loan in any of the following ways:

• By visiting any Axis Bank Loan Centre. To find the Axis Bank branch closest to you, you can go to the branch locator page available on the website of the bank.
• By contacting the call centre of Axis Bank. To find the toll-free numbers, click https://www.axisbank.com/bank-smart/phone-banking.