Power Gold Loan

Power Gold Loan

Power Gold Loan

Now let your gold help you bring the golden period in life...

Axis Bank's POWER GOLD LOAN gives you easy loans against your gold ornaments.

  • Higher limits per gram of gold
  • Attractive interest rates
  • Minimum documentation and quick disbursal
  • Convenient repayment schedule

Eligibility

Individuals engaged in agriculture or allied agricultural activities.

Loan Amount

  • Minimum : Rs 25,000/-
  • Maximum : Rs 15,00,000/-

Disbursement

  • For Loans up to Rs 50,000: By Cash/Crossed pay order/Remittance into borrower's savings account.
  • For Loans exceeding Rs 50,000: By Crossed pay order/Remittance into borrower's savings account.

Repayment of the loan

Repayment period will not exceed 12 months.

Security

  • Primary - Nil
  • Collateral - Pledge of gold ornaments

Documentation

  • Application form by the borrower.
  • Demand Promissory Note.
  • Proof of agricultural or allied activity, if the loan amount exceeds Rs 3,00,000 (copy of land records, land revenue tax receipts, certificate from village council/panchayat regarding agricultural/allied agricultural activities, etc).

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