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
||7.45% - 5.05%
||12.50% - 17.50%
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:
||1% plus applicable taxes
500 plus applicable taxes
|Part Payment Charges
- 2% of the sanctioned loan amount plus applicable taxes, if loan is closed before 3 months from sanction date.
- 1% of the sanctioned loan amount plus applicable taxes, if loan is closed between 3 months to 6 months from sanction date.
- 0.50% of the sanctioned loan amount plus applicable taxes, if loan is closed between 6 months to 11 months from sanction date.
- NIL Foreclosure charges will be applicable, if loan closed after 11 months from the sanction date.
||2% per month on overdue amount
*(Subject to change as per Bank’s discretion from time to time)
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**Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)