Axis Bank Ltd has decreased its gold loan interest rates by 0.05%, or 05 basis points with effect from Thursday, January 04, 2018. This interest rate cut will reduce the cost of funds for those people who want to avail gold loans.
Axis Bank Limited – Current Gold Loans Interest Rates
New Delhi (Delhi, India), February 18, 2018
Axis Bank Limited Cuts Gold Loan Interest Rate to 14.50% Per Annum
The Axis Bank Limited has decreased its gold loan interest rates by 0.05 percent, or 05 basis points with effect from Thursday, January 04, 2018.
Axis Bank Limited has revised its minimum gold loan interest rate from 14.55 percent to 14.50 percent per annum under the Axis Bank Loan Against Gold Scheme.
Axis Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail Axis Bank gold loans.
Axis Bank Limited Loan Against Gold Scheme – Current Gold Loan Interest Rates
Axis Bank Gold Loan Interest Rate in Loan Against Gold Scheme: 14.50% to 17.00% Per Annum
Axis Bank Gold Loans Rate of Interest is Floating or Fixed: Fixed Rate of Interest
Minimum and Maximum Quantum of Axis Bank Gold Loan: Up to 75% of the Value of the Ornaments
Axis Bank Gold Loan Minimum Borrowing Amount: Minimum Gold Loan Amount is Rs. 25,001
Axis Bank Gold Loan Maximum Borrowing Amount: Maximum Gold Loan Amount is Rs. 20,00,000
Minimum Tenure for the Axis Bank Gold Loan: Minimum Gold Loan Tenure is 6 Months
Maximum Tenure for the Axis Bank Gold Loan: Maximum Gold Loan Tenure is 36 Months
Axis Bank Gold Loan Pre Closure Charges or Prepayment Penalty: Nil Charges or Penalty
Security Requirement for Axis Bank Gold Loan: Pledge of Gold Ornaments
Minimum Age of the Borrower for Getting Axis Bank Gold Loan Sanctioned: Minimum Age 18 Years at the Time of Gold Loan Commencement
Maximum Age of the Borrower for Getting Axis Bank Gold Loan Sanctioned: Maximum Age 75 Years for Salaried Applicants and 75 Years for Self-Employed Applicants at the Time of Gold Loan Maturity
Axis Bank Gold Loan Valuation Charges: Rs. 500 plus GST
Axis Bank Gold Loan Processing Fee and Documentation Charges: 1.00% of the Gold Loan Amount plus GST
Axis Bank Gold Part-Prepayment Penalty: Currently, Axis Bank levies no penalty for part-prepayment towards your Loan Against Gold (Minimum Part-Prepayment Amount is Rs. 10,000)
Axis Bank Gold Foreclosure or Pre Closure Charges: Presently, Axis Bank does not levy any charge for foreclosure of gold loan
Different Options for Making Axis Bank Gold Loan Repayments: The three options for making repayments are (i) Interest payment upfront and repayment of principal amount on maturity date, or (ii) Monthly interest payment and repayment of principal on maturity date, or (iii) Equated Monthly Installment (EMI) option
Axis Bank Limited – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Axis Bank Limited