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 |
| Gold Loan |
8.90% |
6.10% - 8.65% |
15% - 17.5% |
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:
| Processing Fee |
1% plus GST as applicable |
| Valuation Charges |
Rs. 500/-
|
| Part Payment Charges |
Nil |
| Penal Interest |
2% per month on overdue amount |
*(Subject to change as per Bank’s discretion from time to time)
**Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
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