Axis Bank Gold Loan Interest Rate

Parameters	Retail Loan	Agri & Rural Gold Loan
Loan Amount	Rs.25,001-Rs.20 lakh	Rs.25,001-Rs.25 lakh( Same for overdraft facility)
Loan Tenure	6 months-36 months	12 months
Interest Rate	14% (1 year MCLR + Spread over 1 year MCLR-8.15%+5.85%)	16% (1 year MCLR + Spread over 1 year MCLR-8.15%+7.85%)
Processing fee	1% plus GST as applicable	1% plus GST as applicable
Penal Interest	2% per month on overdue amount	6%

Interest is calculated on simple interest basis for gold loan and for gold Overdraft,  It is calculated as per the usage, i.e. it depends on the duration of the credit facility

Below table will give you an indicative value of how much loan you are eligible to get in respect to the purity and net weight of gold.

Purity	18K	20K	24K
Net weight of Gold	Eligible Loan Amount
20	Rs 37,125	Rs 41,250	Rs 49,500
30	Rs.55,688	Rs 61,875	Rs 74,250
40	Rs 74,250	Rs 82,500	Rs 99,000
50	Rs 92,813	103125	Rs 1,23,750

In case you have any query related to Axis bank gold loan products, you can call their customer care number given below:

• 1860-419-5555
• 1860-500-5555