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 |
| Agri | Non Agri | Agri | Non Agri |
| Gold Loan | 7.35% | 6.15% | 7.15% | 13.50% | 14.50% | 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 | Agri |
| (PGLOD) |
| LTV | 75% | 75% | 75% | 75% | 75% |
| ROI (MCLR rate + spread) | 7.35%+6.15% = 13.50% | 7.35%+7.15%=14.50% | 7.35%+9.15%=16.50% | 7.35%+9.60%=16.95% | 7.35%+6.15% = 13.50% |
| Processing Fee (Fresh) | 0.50% | 0.50% | NIL | NIL | 0.50% |
| 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 | 2% for 0-6months | NIL | NIL | 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 |
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| Renewal Fee (PF) | 0.50% | 0.50% | 0.50% | NIL | NIL | 0.50% |
| Valuation Fee | 0.25% or Rs 500/-(Whichever is lower) | Rs 500/- | Rs 500/- | 0.25% or Rs 500/-(Whichever is lower) | Rs 500/- | 0.25% or Rs 500/-(Whichever is lower) |
| Valuation Fee - Punjab Only | 0.40% or 1200/- (Whichever is lower) | Rs 500/- | Rs 500/- | 0.40% or 1200/- (Whichever is lower) | Rs 500/- | 0.40% or 1200/- (Whichever is lower) |
*(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)
