Axis Bank Gold Loan

Axis Bank Gold Loan Key Features

Axis Bank Gold Loan Amount	Up to Rs. 1 Crore (With Income Proof)
Axis Bank Gold Loan Interest Rate	7.0% per annum
Axis Bank Gold Loan Per Gram	Rate Per Gram Today is ₹ 5,268
Axis Bank Gold Loan Processing Fee	1.50% of the Principal Loan Amount
Axis Bank Gold Loan Prepayment Charges	2%+GST (Within 3 Months), 0 (After 3 months)
Axis Bank Gold Loan Repayment Tenure	3 Months to 24 Months
Axis Bank Gold Loan Repayment Scheme	Bullet Payment Scheme, Overdraft Scheme

Advantages of Axis Bank Gold Loan

• Fast Process: You can get a Gold Loan from Axis Bank easily and quickly without any obstacles. The loan gets accepted in an hour.
• Fewer Documents: The documentation process is shortest here; fewer documents are required for the gold loan in Axis Bank.
• Transparent System: The Axis bank provides full transparency to their client; and that is, there are no hidden charges.
• Amount of Loan: The least amount of loan that Axis Bank can offer to their client is Rs. 15,000. Also, it can be less than Rs 10,000 in rural areas.
• Safety of Jewelry: One important thing to note is that the bank is entirely responsible for the security of your gold. Hence, they kept the gold in fire-resistant protection.
• Loan Tenure: The time-period of the Gold loan in Axis Bank can be from 3 months to 2 years. Hereafter, you can choose your comforts accordingly.
• Benefits for Farmers: Axis bank provides some special offers for farming purposes. Axis Bank offers a nominal Gold Loan interest rate for Gold Loan for agricultural purposes.
• No Debt Burden: There can be situations like in which if an applicant is not able to repay the loan amount, in such a case the applicant will not be under debts as the bank will only seize the applicant’s ornaments.
• No Income bounds: There are no boundaries on the salary or income of the applicant; hence, anyone with any salary range can apply for a gold loan in Axis bank.

How Much Gold Loan can I Get through Axis Bank Gold Loan?

Axis Bank Gold Loan Per Gram – Updated September 2020

Updated - Gold Loan Per Gram Rate
Gold Weight	Gold Purity	Gold Purity	Gold Purity	Gold Purity
	24 Carat	22 Carat	20 Carat	18 Carat
1 gram	4680	4290	3900	3510
10 gram	46800	42900	39000	35100
20 gram	93600	85800	78000	70200
30 gram	140400	128700	117000	105300
40 gram	187200	171600	156000	140400
50 gram	234000	214500	195000	175500
100 gram	468000	429000	390000	351000
200 gram	936000	858000	780000	702000
300 gram	1404000	1287000	1170000	1053000
400 gram	1872000	1716000	1560000	1404000
500 gram	2340000	2145000	1950000	1755000

 

Axis Bank Gold Loan Eligibility

Age	18-70 years of age
Nationality	Indian
Employment Status	Salaried, Self-Employed
Gold Quality	Minimum 18 Carats

 

Axis Bank Gold Loan Documents Required

Photographs	2 Passport Size
Identity Proof	Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
Residence Proof	Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

Axis Bank Gold Loan Interest Rate, Fees and Charges

Gold Loan Interest Rate	7.00% per annum
Processing Fee	1.50% of the Principal Loan Amount
Prepayment/Foreclosure Charges	2%+GST (Within 3 Months), 0 (After 3 months)
Valuation Fee	Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
Late Repayment Charges	2% p.a. + Applicable rate of interest.
Renewal Processing Fees	Rs 350 + GST

 

About Axis Bank Gold Loan

 Life is full of problems and obstacles. Thus, you may need money to deal with financial problems in your life. In that case, you can get a Gold Loan from Axis Bank to fight with the financial crisis. A gold loan is a secured loan. Therefore, people with low CIBIL score can also quickly apply for this service. Axis Bank Gold Loan is the best gold loans in India.

Though there is a lot of financial banking and non-banking companies that may offer you the gold loan, Axis Bank Gold Loan is considered the best. Axis Bank was set up in 1993. It is one of the reputed and trustable banks in India. Also, it is known for its brilliant financial services. Here the transactions are very safe.

• Axis Bank Gold Loan Interest Rate is 7.0% per annum.
• Axis Bank Gold Loan Per Gram is ₹ 5,268
• Axis Bank Gold Loan Tenure: Up to 24 months
• Axis Bank Gold Loan Processing Fee is Up to 1.50% of the principal Loan Amount + GST.

Types of Axis Bank Gold Loan

Axis Bank provides several plans associated with the Gold Loan item, which are recorded below:

• Loan Against Gold – Axis Bank gives Gold Loan at fascinating steps necessary to satisfy anybody’s critical need of assets for any reason whether individual or expert. The gold credit is a wholly made sure about type of advances, and then, the bank has no danger in loaning the sum to the applicant, so it is given at a slower pace of premium when compared with different types of Loan items.
• Loan Against Gold for Agriculture – Axis Bank gives Gold Loans explicitly to agribusiness purposes to ranchers at an unusual step of enthusiasm when compared with gold advances given for different employments. They are given special offers, and you have to give the bank your Land evidence to which you are taking the loan.

Axis Bank Gold Loan EMI Calculator

Rate of Interest	6 months	1 Yr	2 Yrs	3 Yrs
7.00%	17008	8652	4477	3088
8.00%	17058	8699	4523	3134
8.50%	17082	8722	4546	3157
9.00%	17107	8745	4568	3180
9.50%	17131	8678	4591	3203
10.00%	17156	8791	4614	3227
10.50%	17181	8815	4637	3250
11.00%	17205	8838	4661	3274
11.50%	17230	8861	4684	3298
12.00%	17254	8885	4707	3321
12.50%	17279	8908	4731	3345
13.00%	17304	8932	4754	3369
13.50%	17329	8955	4778	3393
14.00%	17354	8979	4801	3418
14.50%	17378	9002	4825	3442
15.00%	17403	9026	4845	3466

 

How to Pay Your Axis bank Gold Loan EMI?

•   Standing Instruction (SI): If you are presently an account holder with Axis Bank, Standing Instruction is the most reliable payment method. Your EMI sum will be credited naturally towards the month’s end to month time frame from the Axis Bank account you show.
• Electronic Clearing Service (ECS): The program can be applied if you have a non-Axis Bank account and may require your EMIs to be charged this way close to the utmost limit of the month – month cycle from this record.
• Post-Dated Checks (PDC): You can present post-dated EMI investigations from a non-Axis Bank explanation at your nearest Axis Bank Loan Centre. Another form of PDCs should be introduced right away. It will be useful if you note Post Dated Checks will be gathered non-ECS states figuratively speaking.

Axis Bank Gold Loan Contact Number

Call 9878981144 To resolve your issues and acknowledgement of the available opportunities and deals offered by the Axis Bank Gold Loan.

Gold Ornaments Accepted by Axis bank

•   Gold Ornament: Axis Bank accepts gold Jewelry such as Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these for availing a Gold Loan.
• Quality: The quality of gold must be between 18 Carat to 22 Carat. Any gold ornament, which is 24 Carat, cannot be used for availing a gold loan.

Use of Axis Bank Gold Loan

The funds developed by availing the Axis Gold Loan facility can be used for different purposes like:

• To fund any particular investments such as weddings, hiking, instalment of higher education expenses, etc.
• For all your marketing requirements, such as buying fresh supply, developing marketing, etc., loan facility is available.
• You can also quickly apply for a Gold Loan for agricultural ideas. The bank gives lower prices of interest for Gold Loans that are used for farming or related projects.

Gold Loan Interest Rate of Major Banks

Bank	Interest Rates
HDFC Bank Gold Loan	7.00% – 14.50%
ICICI Gold Loan	7.00% – 16.10%
Muthoot Finance Gold Loan	7.00% – 24.00%
Axis Bank Gold Loan	7.00% – 17.00%
Manappuram Gold Loan	7.00% – 26.00%
Yes Bank Gold Loan	7.00% – 15.99%
Bank of India Gold Loan	7.00% – 26.00%
Federal Bank Gold Loan	7.00% – 13.50%
IIFL Gold Loan	7.00% – 12.00%
Central Bank of India Gold Loan	7.00% – 14.65%
Canara Bank Gold Loan	7.00% – 12.65%
Allahabad Bank Gold Loan	7.00% – 10.45%
Induslnd Bank Gold Loan	7.00% – 15.75%
PNB Gold Loan	7.00% – 11.75%
Bajaj Finance Gold Loan	7.00% – 26%
SBI Gold Loan	7.00% – 15.99%
Indian Bank Gold Loan	7.00% – 15.99%
UCO Bank Gold Loan	7.00% – 26.00%
Kotak Mahindra Bank Gold Loan	7.00% – 13.50%
Syndicate Bank Gold Loan	7.00% – 12.00%

 

FAQ’s about Axis Bank Gold Loan

• What is Axis Bank Gold Loan?

Axis Bank Gold Loan is a loan scheme that you can avail for urgent financial help by keeping your gold as collateral security with the bank. It also comes with reasonable interest rates on Term Loan, Overdraft, and EMI based loan. The average Gold Loan disbursal time at Axis Bank is just 45 minutes.

• How can I get the Gold Loan from Axis Bank? 

You can quickly get the Axis Bank Gold Loan by visiting any of the gold loan offering branches of Axis Bank, or you can apply online with BookmyLoans by just sitting at your home and get the best deals. Axis Bank is one of the central banks in India that offers Gold Loan services.

• What is Gold Loan Interest in Axis Bank?

The Gold Loan interest rate in Axis Bank is 7.0% per annum. The rate of interest is subject to some factors, namely: loan amount, loan tenure, purity of gold, and relationship with Axis bank.

• How much Gold Loan can I get per gram in Axis Bank?

The per gram Gold Loan in Axis Bank that you can get depends on the purity of your gold. Axis Bank accepts gold of purity between 18 carats to 22 carats to offer a Gold Loan. You can avail up to ₹ 5,268 Per Gram in Axis Bank Gold Loan.

• How to check Gold Loan status in Axis Bank?

To check your Axis Bank Gold Loan status all, you need to do is, visit the Axis Bank Loan Status Tracker web page and fill your details in the form given. You can now rapidly check the status of your loan from anywhere and stay updated.

• How to calculate Gold Loan Interest in Axis Bank?

You can calculate the interest on your Axis Bank Gold Loan using BookmyLoans EMI Calculator, which gives you exact amounts based on the information you enter into the calculator.

• How to Pay Axis Bank Gold Loan Interest Online?

You can pay Axis Bank Gold Loan interest online through net banking on the official Axis Bank loan repayment web page or otherwise, you can also repay your Axis Bank Gold Loan on Paytm using your preferred payment method.

• What if I can’t pay the interest on Axis Bank Gold Loan for 3 months?

If you do not pay your Axis Bank Gold Loan for three months, then firstly the bank will remind you of your pending dues. If the payment requests go ignored, an official legal notice is sent demanding the repayment and closure of the loan. Non-payment on your Gold Loan results in a decrease of your credit score and also makes you answerable to face legal actions by the bank, including seizure and auction of your gold.

• How can I apply for EMI Moratorium on Axis Bank Gold Loan?

You can apply for EMI Moratorium on Axis Bank Gold Loan now between 1st March to 31st August 2020, and it has to be done by contacting the bank’s customer care or visiting the nearest Axis Bank branch.