Axis Gold Loan

Axis Bank Gold Loan Interest Rate Feb 2017

Last Updated 04th Nov 2016
Interest Rate 14.50% - 17.00% Check Special Offer
Repayment Options EMI Scheme, Bullet Repayment Scheme, Overdraft Scheme
Loan Tenure 6 months to 36 months
Minimum and Maximum Loan Amount Rs. 25,001 and Rs. 2,000,000
Processing Fee Upto 1% of loan amount
Prepayment Charges Nil
Penal Charges 2.00% per month
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Axis Bank Gold Loan Interest Rate Calculator

Axis Bank offers gold loan to the customers who have urgent need of money. Gold loan to be offered by Axis Bank has many features like:
  • Loan available for larger tenure of 36 months
  • Earn 150 Loyalty points on gold loans on disbursement of loan
  • No partpayment and foreclosure charges

Gold Loan Axis

Gold loan interest rates offered by Axis Bank are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in Axis Bank benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in Axis Bank benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
Axis Bank Gold Loan Rates depends upon
  • Loan amount: Gold loan rate in Axis Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate

Gold Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Axis Bank allows prepayment of gold loan with Nil prepayment charges
Processing Fee- Axis Bank asks for a processing fee of Upto 1% of loan amount with applicable service tax
Penal Interest- Axis Bank charges a penal interest of 2.00% per month if you don’t pay the EMI on the due date decided by the bank

Axis Gold Loan EMI Calculator

Gold Loan EMI of Axis Bank is a fixed amount that you pay each month towards the repayment of your jewel loan. Lowest EMI offered by Axis Bank is Rs. 3,442 per lakh loan amount. Gold loan EMI of Axis Bank depends upon:
  • Rate of interest: Higher the interest rate, higher will be the EMI. For a 36 months gold loan from Axis Bank at interest rate of 14.50% per annum, EMI will be Rs. 3,442 per Rs. one lakh loan amount. At interest rate of 17.00% for the same loan, the EMI will be Rs. 3,565
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At 14.50% per annum, the EMI would range from Rs. 17,379 to Rs. 3,442 for loan tenure ranging from 6 months to 36 months

Axis Gold Loan Eligibility Calculator

Gold loan eligibility criteria Axis Bank

Eligibility of Gold loan in Axis Bank depends upon multiple factors:-
  • Quantity and quality of gold pledged: Gold loan eligibility depends upon the weight and assessment of purity of the gold jewelry that is being pledged. Gold ornaments karatage should be in the range of 18 to 24 karats. Both hallmarked jewellery and non hallmarked jewellery can be used for availing gold loan.
  • Gold loan rate per gram: Axis Bank will value the jewelry based on price of 22 carat gold adjusted for purity. Axis Bank use thirty days average rates of 22 carat gold prices. You can also check today gold rate at Myloancare.
  • Form of gold pledged: You can get gold loan from Axis Bank against jewelry or ornaments with a purity of 18 carats or more and specially minted gold coins with a weight of up to 50 grams. You will not be eligible for gold loan against gold bars, ETFs (exchange traded funds), specially minted coins of more than 50 grams and ladies mangal sutra.
  • Purpose for which loan is used: You can use the gold loan from Axis Bank for personal, business and agricultural purposes. However, you should not use gold loan for speculative purposes such as purchase of gold coins, jewels, land, and investment in stocks, futures and options.
Estimated eligibility online by using Gold Loan Eligibility Calculator

Popular Products

Axis Bank offers you following gold loan schemes
  • Loan Against Gold Ornaments

Gold Loan Axis documents required

The documentation process of Axis Bank is smooth. Here is a list of documents which are required to apply for home loan from Axis Bank:
  • Identity proof: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Address proof: Aadhar Card, Voter’s ID Card bank statement, rent agreement, utility bills, registry copy

Frequently Asked Questions

What is the maximum loan tenure I can opt under Axis Bank jewel loan?

Axis Bank offers you tenure of upto 36 months to repay your gold loan.

Can I prepay my gold loan? What are the charges applicable?

Yes, you can prepay your gold loan. Applicable prepayment charges - Nil.

If I fail to repay the loan amount on time, what are the late payment charges on Axis Bank gold loan?

If you fail to repay the loan amount on due date, then you need to pay penal charges at 2.00% per month over and above contracted rate of interest. In case the loan is still not paid back, Axis Bank may dispose off the gold and recover its dues including principal, interest and penal charges.

What is the maximum gold loan amount available?

You can avail gold loan up to Rs. 2,000,000 from Axis Bank

Compare Axis Gold Loan

Axis Gold Loan in India

Axis Gold Loan News - Feb 2017
18th Feb 17 Axis Bank keeps its MCLR unchanged for the month of February
Axis Bank has kept its marginal cost of lending rate unchanged for the month of February. One year MCLR of the bank stands unchanged at 8.25 percent. The new loans will be priced at the existing MCLR with effect from 18th February, 2017.
08th Feb 17 Axis Bank to sell its 10 percent stake in Experian India Credit Information Company
Axis Bank is set to sell its 10 percent stake in Experian India Credit Information Company to Mauritius based investment firm West Bridge Capital for Rs. 64 crore. The bank awaits approval from Reserve bank of India to move forward with the deal.
07th Feb 17 Axis Bank ties up with Earthport to provide outbound cross border payments
Axis Bank has hired Earthport Global Payment Networks to provide faster outbound cross border payments to its customers. Under the association, bank can, through a single connection with Earthport, send payments to almost any bank account in the world on behalf of their clients in an efficient and cost effective manner. Axis Bank becomes the first bank in India to connect with Earthport Global Payments Network present in 60 countries.
03rd Feb 17 Axis Bank to raise 10 million dollars via floating rate bonds
Axis Bank is set to raise funds worth 10 million dollars via floating rate bonds. The bonds with a tenure of 3 years will be issued from its Dubai International Financial Center branch.
20th Jan 17 Axis Bank registers a 73 percent fall in its net profit in third quarter of FY 17
Axis Bank has registered a decline of 73 percent in its net profit at Rs. 580 crore for the quarter ending on 31st December, 2016 as compared to Rs. 2, 175 crore for the corresponding period a year ago. The decline in net profit has been caused to by a sharp rise in the non performing assets of the bank and reached Rs. 20, 466 crore during the latest quarter compared to Rs. 6, 378 crore a year ago.
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