Fulfil your urgent cash needs by availing an Axis Bank Gold Loan which provides loans against both gold ornaments and
coins, at attractive Gold Loan interest rates. Find out more about the Gold Loan interest
rates below.
Interest Rates and Charges
Fixed Rate
Loan |
1 year MCLR |
Spread over 1 year MCLR
|
Effective Interest Rate
|
Reset |
Gold Loan |
9.30% |
7.70% |
17% |
No Reset |
Schedules of Charges**
Axis Bank offers Gold Loans at nominal charges and our Gold Loan charges are completely transparent and kept to a
minimum so that you pay less upfront. Here's what you have to pay:
|
Regular/Term Loan |
Regular/Term Loan (NO
PF/FC) |
Overdraft |
Parameters
|
Agri |
Non-Agri |
Agri (SO_LNAPG) |
Non-Agri (SO_LRGMI) |
Agri |
Non-Agri |
|
(PGLOD) |
(ODGBP) |
LTV |
75% |
75% |
75% |
75% |
75% |
75% |
ROI (MCLR rate +
spread) |
9.30% + 7.70% = 17% |
9.30% + 7.70% = 17% |
9.30% + 9.70% = 19% |
9.30% + 9.70% = 19% |
9.30% + 7.70% = 17% |
9.30% + 7.70% = 17% |
Processing Fee (Fresh) / Renewal fee
|
Upto 3 Lakhs – 300/Case |
Upto 3 Lakhs – 300/Case |
NIL |
NIL |
Upto 3 Lakhs – 300/Case |
Upto 3 Lakhs – 300/Case |
More than 2 lakhs - 0.5% of loan amount |
More than 2 lakhs - 0.5% of loan amount |
More than 2 lakhs - 0.5% of loan amount |
More than 2 Lakhs – 0.5% of loan amount |
Minimum limit |
Rs.25,001/- |
Maximum limit |
Rs.25,00,000/- |
Accounts limit |
5 Accounts per Cust ID |
Foreclosure Fee-
|
2% for 0-6months |
2% for 0-6months |
NIL |
NIL |
2% for 0-6months |
2% for 0-6months |
Nil for >6 months |
Nil for >6 months |
Nil for >6 months |
Nil for >6 months |
Nil for Renewals |
Nil for Renewals |
Nil for Renewals |
Nil for Renewals |
Valuation Fee |
Minimum - Rs.500 Maximum - Rs.1500 |
Penal Interest |
6% p.a |
Pre Payment charges |
Nil |
Stamp Duty |
As per applicable state laws |
*(Subject to change as per Bank’s discretion from time to time)
**Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and fees
(wherever GST is applicable)
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