Axis Bank Gold Loan

Purpose of Loan – Gold loan amount can be used to meet urgent financial needs including higher education, marriage, medical emergencies or other urgent financial requirements.

Quantum of Loan – Axis Bank gold loan amount ranges from minimum Rs. 25,001 to a maximum of Rs. 25 lakh.

Repayment Tenure – The tenure starts from 3 months and can go up to 36 months.

Axis Bank Gold Loan Interest Rate – Axis Bank gold loan interest rate starts at 13% p.a. Axis Bank gold loan rates are decided on the basis of its MCLR.

Axis Bank Gold Loan per gram – Axis Bank gold loan per gram rate will be communicated at the time of application.

Gold Items – Gold loan will be given against gold ornaments & coins. The pledged gold items are kept in a safe and secure location.

The interest rate on Axis Bank Gold Loan depends on the MCLR. The bank takes a certain spread over the MCLR to decide the rate of interest on Gold Loan. Axis Bank Gold Loan Interest Rate is shown below:

Axis Bank Gold Loan Interest starts from 13% but may vary from one borrower to another depending on the bank’s internal policies.

Click here to compare Axis Bank Gold Loan Interest Rate with other lenders.

Using our Gold Loan EMI Calculator, you can check the amount of EMI you will have to pay each month on your gold loan of a given amount for a given tenure. Follow the steps below:

• Click here to go to EMI Calculator
• Enter the loan amount, interest rate and loan tenure
• Once you fill the above three details, you can see the EMI amount on the right side of the screen

EMI Calculator is a very helpful tool if you are confused about the gold loan amount and tenure. It is also helpful in comparing gold loan interest rates offered by multiple lenders so that you can choose the one that gives you the most affordable EMI option. You can calculate gold loan EMI as many time as you want.

If you fall in the age group of 18-75 years and have gold ornaments/jewellery or coins to give as collateral, you can easily get a gold loan from Axis Bank. Also, the gold items you pledge should meet the bank’s internal criteria.

Documents Required

To avail Axis Bank Gold Loan you will be required to submit the following documents:

• Application Form for Gold Loan
• KYC Documents including Address Proof and Identity Proof
• Income Proof. Submit any one of the documents: Latest salary slip, Form 16 or bank statement
• Post disbursement documents (if any)

To apply for Axis Bank gold loan visit the nearest bank branch. Contact a branch official who will guide you through the process. Afterwards, get your gold article(s) appraised to know your gold loan amount.

Once the documents have been verified, you can expect quick disbursal of the loan amount.

Consider Reading: 6 Common Mistakes to Avoid When Applying for a Gold Loan

Refer to the table below to compare Axis Bank Gold Loan interest rate and loan amount with those of other popular lenders.

How does Axis bank evaluate gold loan amount to be disbursed?
Factors which are taken into consideration when deciding a loan amount are:

• Requirement and valuation of gold
• Your repayment capacity

Can I get a gold loan against gold coins?
Yes, one can avail Axis bank gold loan against gold coins. However, the weight of the gold coins cannot exceed 50 grams per customer as per the RBI policy.

Is it mandatory to have a co-applicant when applying for an axis bank loan against gold?
No, it is not mandatory for you to have a co-applicant when applying for a gold loan.

What happens if I am unable to make payment of my Gold Loan EMIs?
In case you are not able to make payment or miss making payment on time, late payment charges will be applicable.

Is Axis Bank agriculture gold loan provided by the bank?
Axis Bank agriculture gold loan is not provided by the bank. However, you may apply for Axis Bank Gold Loan to meet your financial requirements.