Compare ICICI Bank vs Axis Bank Gold Loan
| Bank | ||
|---|---|---|
| Interest Rate | Interest Rate 10.00% - 19.80% |
14.00% - 16.50% |
| Processing Fees | Processing Fees 1% of the loan amount |
Upto 0.5% |
| Loan Amount | Loan Amount ₹ 10,000 to ₹ 10 Lakh |
₹ 25,000 to ₹ 20 Lakh |
| Loan Tenure | Loan Tenure 6 months to 12 months |
6 months to 24 months |
| Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 8,792 |
₹ 4,801 |
| Foreclosure Charges | Foreclosure Charges 1% of loan outstanding |
Nil |
| EMI Scheme | EMI Scheme Y |
Y |
| Bullet Repayment Scheme | Bullet Repayment Scheme N |
Y |
| Overdraft Scheme | Overdraft Scheme N |
N |
| Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 5/5.0 |
4.4/5.0 |
Compare Gold Loan EMI of ICICI Bank and Axis Bank
| Loan Amount | ICICI Bank | Axis Bank |
|---|---|---|
| ₹ 50,000 | ₹ 4,396 | ₹ 4,489 |
| ₹ 1 Lakh | ₹ 8,792 | ₹ 8,979 |
| ₹ 5 Lakh | ₹ 43,958 | ₹ 44,894 |
| ₹ 10 Lakh | ₹ 87,916 | ₹ 89,787 |
Which bank offers a lower interest rate on Gold Loan – ICICI Bank or Axis Bank?
As per the current rates, ICICI Bank offers a lower interest rate of 10.00% on Gold Loan when compared to Axis Bank which offers a Gold Loan at 14.00%.
How does ICICI Bank Gold Loan compare with Axis Bank Gold Loan?
Gold Loan or Jewel Loan is an easy loan to get instant credit without the need to have a good credit score and income documents. Anyone is eligible to get the gold loan, provided the person has 18-22 carat gold jewelry to offer as collateral. Hence, while comparing ICICI Bank and Axis Bank for gold loan and choosing the best bank, it is important to compare three factors which are their rate of interest, gold loan per gram eligibility as well as repayment options such as EMI, Bullet and Overdraft.
You must select the bank of your choice after evaluating the advantages and disadvantages of ICICI Bank and Axis Bank.
What are the best repayment options available on Gold Loan – ICICI Bank or Axis Bank?
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Compare ICICI Bank Gold Loan With Other Banks
Compare Axis Bank Gold Loan With Other Banks
- 2022-05-13 : PNB Revises Gold Loan Rates
Punjab National Bank has increased the rates on gold loans, and as a result, the bank offers the lowest rates starting at 7.55%. Earlier, the rate was 7.25%. - 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year. - 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21. - 2022-05-10 : Federal Bank Changes Interest Rates on Gold Loans
Federal Bank has increased the gold loan interest rates, and thus you can now avail of loans starting at 7.39% - 2022-05-10 : Canara Bank Hikes Gold Loan Interest Rates
The bank has increased the lowest gold loan rates by 40 basis points from 7.25% to 7.65%.
