Axis Bank Gold Loan

Axis Bank provides gold loans starting at 17% p.a. for loan amounts up to ₹40 lakhs and loan terms up to 3 years. You can utilize Axis Bank Gold Loan for personal or business needs by pledging your gold ornaments and bank-issued gold coins weighing up to 50 gm as security. The bank also assures same-day disbursal of gold loans.

Table of Contents:

• ⇾ Highlights of Axis Bank Gold Loan
• ⇾ Axis Bank Gold Loan Interest Rates & Charges
• ⇾ Features and Benefits of Axis Bank Gold Loan
• ⇾ Axis Bank Gold Loan Interest Rates Vs Other Banks
• ⇾ Eligibility Criteria For Axis Bank Gold Loan
• ⇾ Documents Required For Axis Bank Gold Loan
• ⇾ Steps to Apply For Axis Bank Gold Loan
• ⇾ Axis Bank Gold Loan Calculator
• ⇾ Poinst To Consider When Taking a Gold Loan
• ⇾ Frequently Asked Questions

Highlights of Axis Bank Gold Loan

Here is an overview of the Axis Bank Gold Loan:

Axis Bank Gold Loan Interest Rates & Charges

The table below gives the interest rates and other charges of Axis Bank Gold Loan.

Features & Benefits of Axis Bank Gold Loan

Axis Bank Gold loan helps you cover short-term liquidity issues. Here are the key features of a gold loan:

• Obtain High-Value Gold Loans: You can access substantial gold loans to cater to any of your financial needs. You can get gold loans ranging from ₹25,001 to ₹40,00,000.
• Fast Loan Disbursement: You can apply for a gold loan with Axis Bank and have the funds credited to your bank account within 60 minutes. It’s quick, easy, and hassle-free!
• Flexible Repayment Tenure: You can select a repayment tenure for your gold loan that suits you best, with options ranging from 6 months to 36 months.
• Leverage Gold Ornaments for a Loan: You can use gold ornaments or coins issued by banks, sitting idle at home, as collateral to secure your gold loan.
• Secure Gold Storage: You can rest assured that your pledged gold will be securely stored in the bank’s vaults for the entire loan duration.
• Axis eDGE Reward Points: You can earn 150 Axis eDGE reward points upon gold loan disbursement, which you can redeem for rewards, recharges, bookings, and shopping.
• Versatile Loan Usage: You can use the loan amount for any personal or professional financial needs, with no questions asked. We promise.
• Competitive Interest Rates and Charges: You can enjoy lower interest rates since a gold loan is a secured loan. Minimal processing fees may also apply.
• Simple Documentation: You can benefit from an easy documentation process, requiring only basic KYC documents like PAN card, Aadhaar card, and relevant agricultural records if necessary.

Axis Bank Gold Loan Interest Rates vs. Other Banks

The table below shows the gold loan interest rates of Axis Bank in comparison to other banks.

Axis Bank Gold Loan Eligibility Criteria

When considering a gold loan, it’s essential to understand the eligibility criteria and collateral requirements to ensure a smooth application process.

Eligible applicants include:

• Individuals must own gold ornaments or coins issued by banks.
• Resident individuals
• Sole proprietors
• NRIs
• Non-individual CIF holders (e.g., private limited companies)
• Restricted savings account holders
• Age requirement: 18 to 75 years.
• A good credit history (CIBIL check) is necessary.

Collateral Requirements:

• Gold ornaments
• Jewelry
• Coins issued by banks
• Minimum gold purity: 18 karats.
• Maximum limit for bank-issued gold coins: 50 grams per borrower.

Documents Required for Axis Bank Gold Loan

To apply for a gold loan, you need to submit specific documents:

• Provide KYC documents for identity verification like PAN card, Aadhaar card, Voter ID, or Passport.
• Include proof of address such as an Aadhaar card, utility bills, ration card, or rental agreement.
• You may also need to provide a gold purchase slip.

Steps to Apply for Axis Bank Gold Loan

You can apply for a gold loan either online or offline. To apply offline, simply visit your nearest Axis Bank branch. If you prefer to apply online, follow these steps:

1. Visit the Axis Bank Gold Loan webpage.
2. Click on “Apply Now.”
3. Complete the online application form by providing your name, phone number, email ID, and residential address.
4. Choose your state, city, and the nearest branch.
5. Click “Submit” to send in your application form.
6. Make a note of your reference ID number and wait for our representative to contact you. Your gold loan will be disbursed on the same day.

Axis Bank Gold Loan Calculator

You can take advantage of Axis Bank's Gold Loan to fulfill your personal or professional financial needs. You can use the Gold Loan Calculator to accurately assess your eligible loan amount.

Here is how you can use the Axis Bank Gold Loan calculator:

1. Select the Ornament type from the dropdown menu (e.g., Necklace).
2. Enter the Net Weight of the ornament in grams (e.g., 1 gram).
3. Choose the Caratage from the dropdown menu (e.g., 18 carats).
4. View the Total Value of the ornament in Indian Rupees (e.g., ₹5387).
5. Check the Eligible Loan Amount displayed based on the entered details.
6. If needed, you can add more ornaments by clicking the “+ Add Ornaments” button.
7. The Gross Total Value of the ornaments will be displayed at the bottom.
8. You can locate the nearest branch by clicking on the "Locate Branch" button.

Points to Consider When Taking a Gold Loan

Here are the key points you need to consider when taking a gold loan:

• Trustworthiness of the Lender: Ensure the lender has a good reputation for safeguarding your gold. Look for features like tamper-proof packing, bank vault storage, and valuation certificates (e.g., Axis Bank's 3X protection).
• Loan Amount: Based on the actual value of the gold jewelry or coins you pledge. Typically, lenders finance up to 75% of the gold's value, varying by lender.
• Interest Rate: Gold loans usually have lower interest rates than unsecured loans due to being secured. Compare rates from various lenders to find the best deal.
• Loan Tenure: Choose an appropriate tenure, with options usually ranging from six to 36 months. Select a repayment schedule that fits your repayment capacity.
• Repayment Options: Lenders provide various repayment methods, including regular EMIs or bullet payments/monthly interest. Flexibility in repayment options allows borrowers to choose what suits them best.

Check out more on gold loans from the top banks below:

Check out more on gold loan rates from other gold loan lenders:

Check out more on other gold investment & deposit schemes from the links below:

Check out more on sovereign gold bonds from below:

You can also check out other pages related to Axis Bank below: