You can ask for a gold loan from Axis Bank, where you can avail of loan value up to Rs.25 lakh with a rate of interest starting at 12.50% p.a. with a maximum tenure of 3 years. The lender also imposes a processing fee of 1% of the loan value.

Axis Bank gold loan per gram gives you an estimation of the loan amount you can get upon your gold jewellery. You will receive the loan based on your jewellery’s purity and gold value fixed for a loan to value ratio. Axis Bank gold loan per gram acceptability depends upon the purity of the gold, your age, and gold quantity. According to the newest gold values, Axis Bank offers a gold loan per gram of Rs 2,556 to Rs 3,124. The Maximum Axis Bank gold loan rate per gram today is Rs 3,124 for 22-carat jewellery, estimated at a maximum LTV of 75%, and the average gold loan value of the last 30 days in 2021 is Rs 4,629 of 22 carats.

Purity and quantity of gold used in jewellery: Axis Bank utilizes their in-house valuer to evaluate the purity and weight of gold in your jewellery. Gold used in the jewellery should be of purity of 18 to 24 carats. Axis Bank can also lower the weight of gems and stones from the jewellery to determine the net weight of the jewellery.

Value of gold: Once the valuer evaluates the purity and net weight of gold in your jewellery, Axis Bank will multiply it with the past 30 days’ common price of 22-carat gold to estimate the value of gold. So, if the gold is of 20-carat purity, Axis Bank will implement the 30 days average of 22-carat gold multiplied by a factor of 20/22 to regulate the value of gold. You can also check today’s gold rate in your city to estimate.

Loan to Value Ratio: Once the value of jewellery is estimated, Axis Bank will apply an LTV of up to 75% to estimate your jewel loan amount eligibility. If you are ready to take a loan amount less than your maximum LTV, Axis Bank may grant you a lower interest rate.

Hacks to receive Best Gold Loan value Per Gram from Axis Bank

Axis Bank allows both hallmarked and non-hallmarked jewellery for taking a gold loan. But, you can get the highest gold loan per gram for hallmark jewellery. Moreover, some banks impose a lower processing fee on hallmarked gold jewellery.

Axis Bank sets the price of 22-carat gold for purity of gold. Therefore, always try to borrow against higher purity jewellery as it will get you the highest value for a gold loan.

Always try to prefer jewellery that has minimum gems and stones. Most of the banks will lower the weight of gems and stones from the total weight of the jewellery. Axis Bank will depend on the report of its gold valuer to estimate the net weight.

Axis Bank will not support diamond jewellery if the gold employed is of less than 18-carat purity. Most of the diamond jewellery is made in 16 carats to 18-carat gold and, therefore, will result in a very low gold loan per gram.

Always try to get the highest LTV on the value of gold. Axis Bank is approved by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are qualified for.

Axis Bank Gold Loan Details

Interest Rate	12.50% p.a.to 17.50% p.a.
Loan Amount	Rs.25,001 to Rs.25 lakh
Loan Tenure	Up to 3 years
Processing Fee	1% of the loan amount + GST

A Axis Bank Gold Loan Features

High Loan Amounts – The Axis Bank Gold Loan highlights higher loan volumes so you can take care of any necessities. This loan can be availed for a maximum value as high as Rs 20,00,000.

Loan Upon Gold Ornaments – The idea of a gold loan is to enable you to easily avail a loan with the use of the gold which you hold. You can avail of this loan against gold ornaments that you have.

Fast Loan Disbursal – With Axis Bank, you can get your loan disbursed as quickly as the same day of your application. While loan disbursal is subjected to approval by the bank, once it is accepted, the loan will be disbursed the very same day.

Zero Loan Prepayment Fees – You can comfortably pre-close your gold loan with Axis Bank without having to pay any pre-payment costs.

Multiple Repayment Choices – Axis Bank grants loan applicants numerous choices in terms of loan repayment. You may:

1. Pay the interest upfront and repay the principal value of the loan on the maturity date.
2. Pay interest every month and make the repayment of the due amount on the maturity date.
3. Pay the loan via EMIs or Equated Monthly Installments.

Security of Gold Ornaments – Ensure that your gold ornaments are entirely secure at the Axis Bank vaults.

Opportunity To earn edge loyalty points – You have a chance to earn up to 150 edge Loyalty points on the disbursement of your gold loan.

Eligibility criteria

Any Person aged between 18 years to 75 years is qualified to apply for an Axis Bank Gold Loan.

Documentation required

To File for this loan, the applicant must submit the following documents:

• Properly signed and completed Application Form.
• Proof of identification, residence, and signature of the candidate.
• PAN Card or Form 60.
• Age Proof.
• Post Disbursement Documents (if any)
• 2 Passport sized photographs

Charges

Loan processing Fee	1% of loan amount
Loan Fore-closure charges	No fore-closure charges
Valuation Charges	Rs 500
Part payment Charges	Nil
Penal Interest	2% per month on the loan amount overdue.