Axis Bank Gold Loan

Gold Loan @ 7%

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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

  1. Fast Process: You can get a Gold Loan from Axis Bank easily and quickly without any obstacles. The loan gets accepted in an hour.
  2. Fewer Documents: The documentation process is shortest here; less documents are required for the gold loan in Axis Bank.
  3. Transparent System: The Axis bank provides full transparency to their client; and that is, there are no hidden charges.
  4. Amount of Loan: The least amount of loan that Axis Bank can offers to their client is Rs. 15,000. Also, it can be less than Rs 10,000 in rural areas.
  5. Safety of Jewelry: One important thing to note is that the bank is completely responsible for the security of your gold. Hence, they kept the gold in fire-resistant protection.
  6. 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.
  7. Benefits for Farmers: Axis bank provides some special offers for farming purposes. Axis Bank offers a minor Gold Loan interest rate for Gold Loan for agricultural purpose.
  8. No Debt Burden: There can be situations like in which if an applicant is not be 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.
  9. 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

 

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, the people with low CIBIL score can also easily apply for this service. Axis Bank Gold Loan is one of the best gold loans in India.

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

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

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

HDFC 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

 

Types of Axis Bank Gold Loan

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

Loan Against Gold – Axis Bank gives Gold Loan at interesting steps important to satisfy anybody’s critical need of assets for any reason whether individual or expert. The gold credit is a completely 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 an existing account holder with Axis Bank, Standing Instruction is the most reliable method for pay. 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 in the event that you have a non-Axis Bank account and may require your EMIs to be charged thusly close to the utmost limit of the month to 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 great in the event that you note Post Dated Checks will be gathered non-ECS states figuratively speaking.

Axis Bank Gold Loan Contact Number

Call 9878981144 and get instant help and approval for your Axis Bank Gold Loan. You can know the best offers on Gold Loan available from all the Axis Bank Branches throughout the country to avail the best deal appropriate according to your needs.

Gold Ornaments Accepted by Axis bank

  1. Gold Jewelry such as Gold Bangles, Gold rings, Gold anklets, Gold necklaces, etc. all of these are accepted by Axis Bank for availing a Gold Loan.
  2. 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:

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

FAQ’s about Gold Loan

  1. 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 attractive interest rates on Term Loan, Overdraft, and EMI based loan. Average Gold Loan disbursal time at Axis Bank, is just 45 minutes.

2. How can I get the Gold Loan from Axis Bank? 

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

3. 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 be subject to a number of factors, namely: loan amount, loan tenure, purity of gold, and relationship with Axis bank.

4. 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

5.    How to check Gold Loan status in Axis Bank?

In order 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 simply track the status of your loan from anywhere and stay updated.

6.    How to calculate Gold Loan Interest in Axis Bank?

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

7.    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

8.    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 3 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 liable to face legal actions by the bank including seizure and auction of your gold.

9.    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 and 31st August 2020 and has to be done by contacting the Bank’s customer care or visiting the nearest Axis Bank branch

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%