Axis Bank Gold Loan Interest Rates

• The Axis Bank gold loan provides consumers with a straightforward approach to meet all kinds of personal needs, including weddings, schooling, business expansion, etc.
• Loan Minimum: The loan minimum is 25,001 Indian Rupees.
• The maximum loan amount for an Axis Bank gold loan is INR 20 lakhs because it is a secured loan.
• Axis gold loan interest rate: The gold loan interest in Axis Bank is 8.75%.
• Storage: After the full loan has been repaid, you can retrieve the gold jewelry you gave the bank as collateral from the bank's safe.
• Axis Bank gold loan per gram rate today: The gold loan amount per gram fluctuates depending on the purity of the gold and market prices, ranging from INR 1755 to 2145.
• Gold Loan Tenure: The Axis Bank gold loan has a payback term that ranges from six months to three years.
• Processing Fees: For an Axis Bank gold loan, the borrower must pay a processing charge equal to 1% of the loan amount.
• Prepayment Fees: The Axis Bank gold loan has no prepayment fees.

• The effective interest rate is 8.85%.
• If you choose to close the loan early, after 11 months from the disbursal date, there are no fees associated with doing so.
• If you pre-close the loan between three and six months, the foreclosure fee is 1% of the disbursal amount plus taxes.
• If you preclose from 6 to 11 months before loan disbursal, the fees are 0.50% of the approved amount plus taxes.
• 2% of the sanctioned amount plus taxes will be charged if you foreclose on the loan three months after it has been approved.

• For the bank's gold loan, the applicant must be between the ages of 18 and 75.
• The borrower is required to possess gold in any form, including jewelry, accessories, etc.

When applying for an Axis Bank gold loan, the following documents must be submitted.

• The applicant filled out the application form completely.
• Images of the applicant.
• Voter ID cards, passports, driver's licenses, and UIDAI-issued Aadhaar cards are all acceptable forms of identification.
• Voter ID cards, passports, driver's licenses, and UIDAI-provided Aadhaar cards are all acceptable forms of address verification.

Following are the types of Gold Loan Schemes Available from Axis Bank-

• Between Rs. 25,001 to Rs. 25 lakhs are being borrowed.
• The pledged asset is kept by the bank in secure vaults.
• There is a maximum 36-month term. There are several flexible repayment alternatives.
• Pay in installments over time, or pay back the principal plus interest at the end of the term.
• Alternatively, pay the principal in full at the end of the term, along with interest.
• The loan amount may be used for both urgent expenses and private needs.
• Low interest rates as low as 8.85% are based on the MCLR.

• The loan ranges from two lakhs to twenty-five lakhs rupees.
• The bank has protected vaults where the pledged asset is kept safe.
• Only on the amount you utilize do you have to pay interest.
• The term may not exceed a year. After the bank reviews the account, renewal may be allowed.
• The loan application will be approved on the same day.
• Money can be withdrawn using cheque books or ATMs.

• Between Rs. 25,001 to Rs. 25 lakhs are being borrowed.
• The pledged property will be kept by the bank in secure vaults.
• Disbursement will be made to you the same day your loan application is approved.
• The loan amount will be sent to you via NEFT, account transfer, DD, or RTGS.

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