Axis Gold Loan

Axis Bank Gold Loan Interest Rate Dec 2016

Last Updated 04th Nov 2016
Interest Rate 14.50% - 17.00%
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
Apply Gold Loan Online
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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 Bank Gold Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 0522-2230857
Ahmedabad 079-26563232
Ambala 0172-2620489
Anand 079-26563232
Aurangabad 022-25260501
Bangalore 080-25317830
Bhilai 1800-209-5577
Bhilwara 1800-209-5577
Bhiwadi 022-25260501
Bhopal 0755-2579009
Bhubaneswar Cuttack 0674-2572955
Bikaner 1800-209-5577
Chandigarh 0172-2620489
Chennai 044-28123888
Cochin 1800-209-5577
Coimbatore 044-28123888
Dehradun 1800-209-5577
Delhi 011-23736555
Durg 1800-209-5577
Faridabad 0124-2309447
Gandhinagar 079-26563232
Ghaziabad 0522-2230857
Goa 022-25260501
Greater Noida 011-23736555
Gurgaon 0124-2309447
Guwahati 0361-2341818
Gwalior 0755-2579009
Hyderabad 040-23418888
Indore 0755-2579009
Jabalpur 0755-2579009
Jaipur 0141-2228866
Jalandhar 0172-2620489
Jodhpur 1800-209-5577
Kanpur 0522-2230857
Karnal 0124-2309447
Kolhapur 022-25260501
Kolkata 033-22839971
Kota 1800-209-5577
Kozhikode 0471-2558588
Lucknow 0522-2230857
Ludhiana 0172-2620489
Madurai 044-28123888
Meerut 0522-2230857
Mehsana 079-26563232
Mohali Sas Nagar 0172-2620489
Mumbai 022-25260501
Mussoorie 1800-209-5577
Nagpur 022-25260501
Nashik 1800-209-5577
Noida 011-23736555
Noida Extn. 011-23736555
Panipat 0124-2309447
Patna 0612-2205810
Pondicherry 1800-209-5577
Pune 022-25260501
Raipur 1800-209-5577
Rajkot 079-26563232
Ranchi 1800-209-5577
Rohtak 0124-2309447
Roorkee 1800-209-5577
Salem 044-28123888
Shimla 0177-2627711
Sonepat 0124-2309447
Surat 079-26563232
Trichy 044-28123888
Udaipur 1800-209-5577
Vadodara 079-26563232
Varanasi 0522-2230857
Vijaywada 1800-209-5577
Vizag 1800-209-5577
Axis Gold Loan News - Dec 2016
30th Nov 16 Axis Bank fixed deposit rates cut up to 45 basis points
Axis Bank has reduced its bulk fixed deposit (Rs. 1 crore to Rs. 5 crore) rate with tenure of one to two years by 45 basis points to 6.25 percent. The revised fixed deposit rate for deposits with tenure of up to 10 years is now 6 percent. New rates are effective from 29th November, 2016.
22nd Nov 16 Axis Bank fixed deposit rate cut up to 50 basis points
Axis Bank has reduced its fixed deposits rates for one to three years tenure by 25 to 50 basis points. One year fixed deposit rate is reduced to 7 percent. The revised fixed deposit rates of Axis Bank for two and three years are now 6.75 percent. New rates are effective from 21st November, 2016.
17th Nov 16 Axis Bank MCLR cut 15 to 20 bps
Axis Bank has reduced its one year marginal cost fund based lending rate (MCLR) by 15 basis points to 9.05 percent and two year MCLR by 20 basis points to 9.10 percent. The minimum overnight and six months lending rates are reduced to 8.65 percent and 9 percent respectively. The new rates will be effective from 18th November, 2016.
16th Nov 16 Axis Bank to launch chat bots for its mobile banking application and Facebook messenger
Axis Bank has partnered with a Singapore based fintech platform to launch chat bots for its mobile banking customers in the form of a conversational interface. The new service will use artificial intelligence that will help the bank to provide personal and contextual interaction solutions to mobile banking users. Consumers can use the service through web, mobile, social and messaging channels.
09th Nov 16 Axis Bank launches Buzz Credit Card for online shoppers with high discounts
Axis Bank has launched a Buzz Credit card for online shoppers in collaboration with Flipkart. Buzz Credit Card is launched for online shoppers with benefits like round the year discounts and rewards. Customers will be rewarded with introductory vouchers and discounts from Flipkart on the shopping done through card. The card will also offer 15 percent off at over 5,000 restaurants for the entire year.
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