Axis Bank Gold Loan – Eligibility, Features, Process & Key Information
A Gold Loan allows you to borrow money by pledging your gold jewellery or bank-issued gold coins. Axis Bank offers same-day disbursal and a simple documentation process, making it a practical option for urgent financial needs. Below is an organized overview of the important details.
Key Features & Benefits
- Loan Range: Borrow between ₹50,001 and ₹40 lakhs, depending on the value and purity of your gold.
- Quick Disbursal: Loan amount is generally credited within 60 minutes after verification.
- Flexible Tenure: Repayment period ranges from 6 months to 36 months.
- Accepted Collateral: Gold jewellery and bank-issued coins (up to 50g per borrower).
- Secure Gold Storage: Pledged gold is kept securely in bank vaults until the loan is closed.
- Simple Documentation: Basic KYC — PAN, Aadhaar, and relevant documents if agricultural income is declared.
Interest Rates & Charges
- Gold Loans come with lower interest rates as they are secured loans.
- A small processing fee may apply.
- Exact charges are based on the loan amount and bank policies.
Gold Loan Eligibility Criteria
1. Ownership of Gold
- Must own gold jewellery (minimum 18-carat purity) or bank-issued gold coins.
- A bank-appointed gold valuer checks purity and net weight.
2. Age Requirement
- Minimum age: 18 years
- Maximum age: 75 years at the time of onboarding
3. Identity & Address Verification
- Valid documents: PAN, Aadhaar, Voter ID, Passport, etc.
- Recent passport-size photograph required.
4. Loan Amount Calculation
- Based on:
- Purity of gold
- Net weight
- Market price of gold
- Loan-to-Value (LTV) ratio set by the bank
5. Credit History
- CIBIL score is considered but has less impact compared to unsecured loans because the loan is backed by gold collateral.
Customer Eligibility Summary
- Indian residents owning gold jewellery or bank-issued gold coins.
- Gold purity must be 18 8 karat or above.
- Maximum accepted coin limit: 50 grams per borrower.
Documentation Required
- PAN
- Aadhaar
- Identity and address proof
- Agricultural documents (if applicable)
Step-by-Step Process to Apply Online
1. Visit the Axis Bank Gold Loan webpage.
2. Click on “Apply Now”.
3. Enter your basic details (name, phone number, email, address).
4. Select your state, city, and nearest branch.
5. Submit the form and complete CAPTCHA + OTP verification.
6. Note the reference ID provided.
7. A bank representative will contact you for the next steps.
You may also apply by visiting the nearest Axis Bank branch.
Things to Consider Before Applying
- Ensure your gold meets purity standards (18 karat or higher).
- Confirm repayment capacity to avoid penalties or risk to pledged gold.
- Gold valuation may vary as per daily market rates.
- Read LTV ratio guidelines to understand how much loan you can get.
Useful Tools
- Gold Loan Eligibility Calculator
- Gold Loan EMI Calculator
- APR Calculator
These tools help estimate potential loan amounts and repayment plans.
Disclaimer
- Information provided here is for general awareness only.
- Loan terms, eligibility, charges, and policies may change based on Axis Bank’s official guidelines.
- Users should verify details directly through Axis Bank before applying.
