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:
|
Parameters |
Min
|
Max
|
|
Interest Rate
|
9.75% |
19% |
|
Tenure
|
6 months
|
36 months
|
|
Loan Amount
|
25001 |
4000000
|
|
Processing Fee
|
0.5% of loan amount |
|
Foreclosure Fee
|
0% if the
loan is pre-closed after 6 months |
2% if the
loan is pre-closed within 6 months |
|
Valuation Charges
|
500 |
1500 |
|
Stamp Duty Charges
|
As per the applicable laws of the state |
|
Pre- Payment Charges
|
Nil |
|
Penal Charges
|
8% p.a.
- Financial Default*: 8% p.a. above applicable interest rate on
the overdue amount (subject to the aggregate not exceeding
Rs. 1,00,000/- per instance).
- There shall be no capitalisation of Penal Charges.
- *Financial Default includes all types of payment or financial
defaults/irregularities with respect to your Loan Account
|
*(Subject to change as per Bank’s discretion from time to time)
**Note - GST, TDS, other government taxes, stamp duty are as per prevailing rate will be
charged over and above these charges.
Goods and Services tax (GST) will be charged extra as per the applicable rates, on all
the charges and fees (wherever GST is applicable)
For further details, please click
here
