हिंदी में पढ़े
Axis bank offers power gold loan and Power Gold Overdraft to their customers who are looking for short term credit against gold ornaments. In return, the borrower is required to pay an interest rate. Axis bank gold loan interest rate varies across products and is subject to change as per RBI notification, change in loan to value ratio.
Axis Bank Gold Loan Interest Rate
| Parameters | Retail Loan | Agri & Rural Gold Loan |
| Loan Amount | Rs.25,001-Rs.20 lakh | Rs.25,001-Rs.25 lakh( Same for overdraft facility) |
| Loan Tenure | 6 months-36 months | 12 months |
| Interest Rate | 14% (1 year MCLR + Spread over 1 year MCLR-8.15%+5.85%) | 16% (1 year MCLR + Spread over 1 year MCLR-8.15%+7.85%) |
| Processing fee | 1% plus GST as applicable | 1% plus GST as applicable |
| Penal Interest | 2% per month on overdue amount | 6% |
How is interest calculated on Axis Bank Gold Loan?
Interest is calculated on simple interest basis for gold loan and for gold Overdraft, It is calculated as per the usage, i.e. it depends on the duration of the credit facility
Axis Bank Gold Loan Calculator
Below table will give you an indicative value of how much loan you are eligible to get in respect to the purity and net weight of gold.
| Purity | 18K | 20K | 24K |
| Net weight of Gold | Eligible Loan Amount | ||
| 20 | Rs 37,125 | Rs 41,250 | Rs 49,500 |
| 30 | Rs.55,688 | Rs 61,875 | Rs 74,250 |
| 40 | Rs 74,250 | Rs 82,500 | Rs 99,000 |
| 50 | Rs 92,813 | 103125 | Rs 1,23,750 |
Customer Care
In case you have any query related to Axis bank gold loan products, you can call their customer care number given below:
- 1860-419-5555
- 1860-500-5555
Frequently Asked Questions (FAQs)
Who can apply for Axis Bank Gold Loan?
Anyone between the age of 18 to 75 and owns gold ornaments can avail gold loan facility from Axis bank.
What gold articles can be pledged to avail Axis bank gold loan?
Customers can pledge their gold chain, necklace, ring, solid bangles, mangalsutra, and Gold coin/biscuits to avail gold loan from Axis bank. However, it should be 18 carat and above to be eligible for the loan.