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Axis Bank Gold Loan

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Axis Bank offers gold loan @ 17% p.a. onwards for loan amounts of up to Rs 40 lakh and for loan tenures of up to 3 years. Applicants can avail Axis Bank Gold Loan to meet their personal or business-related needs by pledging their gold ornaments and bank-issued gold coins of up to 50 gm as security/collateral. The lender claims to offer gold loans with same-day loan disbursal.

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Updated: 09-04-2025 10:59:02 AM

Axis Bank Gold Loan Highlights – 2025
Interest Rate 17% – 19% p.a.
Repayment Tenure 6 months to 3 years
Loan Amount Rs 25,001 to Rs 40 lakh
LTV Ratio Up to 75% of the value of gold pledged as collateral
Processing Fees
  • Up to Rs 2 lakh: Rs 300 per instance
  • More than Rs 2 lakh: 0.50% of the loan amount

Note: Interest rates updated as of 24 Jan 2025

Axis Bank Gold Loan Interest Rate

Axis Bank offers gold loans at interest rates ranging between 17% p.a. and 19% p.a. The final gold loan interest rates offered by the lender depends on the loan scheme.

Axis Bank Gold Loan Fees & Charges

Axis Bank Gold Loan Processing Fees

Particulars Charges
Processing Fees
  • Up to Rs 2 lakh: Rs 300 (Both Term Loan and Overdraft)
  • More than Rs 2 Lakh: 0.50% of loan amount + applicable taxes (Both Term Loan and Overdraft)

Other Charges

Particulars Charges
Valuation Fee Rs. 500 to Rs 1,500
Pre Payment Charges Nil
Stamp Duty As per applicable state laws
Foreclosure Charges
  • 2% of the amount if loan is closed within 6 months from sanction date
  • No Foreclosure charges if loan is closed after 6 months from the sanction date
Penal Interest 8% p.a. above applicable interest rate on the overdue amount

Other Features of Axis Bank Gold Loan

Loan Amount

Axis Bank offers gold loans for loan amounts ranging from Rs 25,001 to Rs 40 lakh. The final loan amount offered to the Axis Bank Gold Loan applicants would depend on the weight of the gold offered as collateral, its purity, market price of gold and LTV ratio (maximum 75%) set for the applicant.

Tenure

The loan tenure offered by Axis Bank ranges between 6 months to 3 years.

Repayment

Axis Bank offers term loan and overdraft facility for its gold loan scheme. Loan applicants have the following choices to either repay the loan amount:

  • Repay their interest amount upfront and pay the principal amount on maturity date
  • Repay their interest amount on a monthly basis and pay the principal amount on maturity date
  • Opt for EMIs to repay their loan

Processing Time

Axis Bank claims to disburse gold loans on the same day of making the loan application.

Eligibility Criteria for availing Axis Bank Gold Loan

The eligibility criteria for availing Axis Bank Gold Loans are as follows:

  • Loan applicants aged between 18 years and 75 years, who own gold ornaments are eligible to avail the loan.
  • The purity of the gold pledged as mortgage should be at least 18 carat.
  • The weight of bank-issued gold coins pledged collateral should be maximum up to 50 grams.

Axis Bank Gold Loan Documents Required

Prospective applicants need to furnish the following set of documents to avail Axis Bank Gold Loans:

  • Identity Proof (Driving Licence, Voter ID Card, Aadhaar Card, Passport, Job card issued by NREGA and duly signed by state government officer, letter issued by NPR containing details of name and address etc.)
  • Residential Proof: KYC documents, same as identity proof
  • Post-disbursement documents (if any)
  • Signed application form
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