Gold loan is a secured loan in which a customer pledges her/his gold as collateral with a gold loan provider and gets a loan amount. Axis bank provides loan against gold with same day loan disbursement. In return, the customer is required to pay the interest.
Many nationalized banks, private banks and other financial companies offer this loan at attractive interest rates. Many go for this loan for a short period to meet the requirements of their children's education, marriages and other financial problems in the family. And others think that instead of keeping the gold at home or locker, loan against gold is the best option. Have an urgent need for cash, now you can use gold to avail a gold loan starting from Rs.25001 to Rs.25 lakh.
Here, we talk about all the things above that are quite normal but there is a change in it, now everyone has to get a gold loan with ease..You all think that “how it is possible? To overcome this issue AXIS Bank came with an exciting opportunity i.e. AXIS Bank Gold Loan. AXIS Bank Gold loan provides an attractive interest rate with simple documentation.
Same day loan disbursement
Minimum loan amount starting from Rs.25,001
Easy Emi return option
Pledged gold will be stored in a secured tamper-proof vaulting
No part payment charges applicable throughout loan tenure
Less and minimal documentation
Attractive interest rate is from 14.50% to 17% per annum
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TYPE |
CHARGES |
|
Loan Amount |
Rs.25,001 to Rs.25 lakh |
|
Loan Tenure |
3 months-3 years |
|
Interest Rate |
14.50% to 17% |
|
Processing fee |
1% plus GST as applicable |
|
Part payment charges |
NIL |
|
Valuation fees |
Rs.500 plus applicable tax |
|
Penal interest |
2% per month on overdue amount |
|
Foreclosure charges |
Loan closed before 3 month : 2% of the sanctioned loan amount plus applicable tax Loan closed to 3 months to 6 months : 1% of the sanctioned loan amount plus applicable tax Loan closed to 6 months to 11 months : 0.50% of the sanctioned loan amount plus applicable tax Loan closed after 11 months : Nil foreclosure charges |
Anyone over the age of 18 to 75 and owns gold ornaments can avail gold loan facility from Axis bank
Customer can pledge their gold necklace, chain, ring, solid bangles, mangalsutra, and Gold coin/biscuits to avail gold loan from Axis bank
Gold ornaments should be 18 carat and above to be eligible for axis bank gold loan
1. Signed application form
2. 2 passport size photographs
3. ID proof : Aadhar card, PAN card, Voter id, passport
4. Address proof : Aadhar card, Voter id, Passport, Utility bills
5. Post disbursement documents (If any)
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BANKS |
Interest Rate |
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14.50% to 17% |
|
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11% to 16% |
|
|
10.50% to 17% |
|
|
11.25% to 16.25% |
|
|
10.00% to 19.76% |
|
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Starting at 10.75% |
|
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10.50% to 16.00% |
|
|
Starting at 13% |
|
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10.05% to 11.05% |
1. Offline Method : By visiting the nearest bank branch.
2. Online Method :
First of all visit to Axis bank web portal
Now click on “personal section”
In “explore products” got to retails
Now click on “Loans”
Now go to “Gold Loan”
Fill the application form and submit it
How to contact with AXIS Bank Gold Loan :
1. By customer care contact number : 18604195555 / 18605005555
2. By customer care email id : [email protected]
Financials products offered by Bank :
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It depends on the customer requirement but basically the amount offered by the bank min. amount is Rs. 25,001 and max. amount is Rs. 20 lakh.
Flexible gold loan tenure is ranging between 3 months to 36 months.
No.need to have a co-applicant if you wish to apply for the Axis Bank gold loan.
The processing fee payable for the Axis Bank Gold Loan is 1% plus applicable tax.
Yes, you can apply online for Axis bank gold loan.
The interest rate provided by Axis Bank for gold loan is 14.50% to 17% per annum.
Last Updated on : 11/Aug/2020Know More About
You're eligible for a Axis Bank Gold Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Gold Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Axis Bank Gold Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 14.5% - 17% |
| Processing Fees | 1% plus applicable tax |
| Loan Tenure | 3 year to years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Gold Loans EMI Calculator