Axis Bank Gold Loan Details
Overview
Axis Bank offers Gold Loans with amounts ranging from ₹25,001 up to ₹40,00,000. The bank provides quick loan disbursal, often within 60 minutes, and ensures the secure storage of your gold in bank vaults. Flexible repayment tenures between 6 to 36 months are available to suit your convenience.
Key Features
- Loan Amounts: ₹25,001 to ₹40,00,000.
- Quick Disbursal: Receive funds in your account within 60 minutes.
- Flexible Tenure: Choose repayment periods from 6 to 36 months.
- Secure Storage: Your gold is safely stored in bank vaults.
- Minimal Documentation: Simple and straightforward documentation process.
Eligibility Criteria
- Age: 18 to 75 years.
- Nationality: Indian residents.
- Gold Purity: Gold ornaments or bank-issued coins with a minimum purity of 18 karats.
Required Documents
- Identity Proof: Passport, Driving Licence, Voter ID, PAN Card, or Aadhaar Card.
- Address Proof: Aadhaar Card, Utility Bills, Ration Card, or Rental Agreement.
- Signed Application Form: Completed and signed loan application.
Interest Rates & Charges
Interest Rate: Starting from 17% per annum (9.40% MCLR + 7.60% spread).
Processing Fee: 0.5% of the loan amount.
Foreclosure Charges: 2% for foreclosure within 0-6 months.
Application Process
- Visit the nearest Axis Bank branch with your gold ornaments or bank-issued coins.
- Undergo gold valuation by authorized appraisers.
- Submit the required documents along with the completed application form.
- Upon successful verification, the loan amount will be disbursed to your account within 60 minutes.
Contact Information
For more details or to apply for a Gold Loan:
- Visit the nearest Axis Bank branch.
- Apply online through the Axis Bank website.
- Contact Axis Bank Customer Care at 1800 209 5577 or 1800 103 5577 (Toll-free).
