Presentation on Loan Against Gold (Axis Bank) What is Gold Loan? Gold Loan Process Intro to Axis Bank Gold loan Eligibilty Criteria - Documents Required Interest rate,Applicable fees & Charges Repayment option End

1. Loan Against Gold

2. What is Gold Loan ?
 Gold is a sign of wealth and prosperity.
 But when you are in need for money for some unexpected immediate
expenses, pledging your gold could be a good option to get it quickly.
 In a gold loan, gold jewels and ornaments are pledged as collateral to
secure a loan for all your needs.
 Usually, the loan amount sanctioned is a certain percentage of the value
of the gold pledged.
 The banks use gold as the security against potential payment default by
the customer.
 The interest rates are slightly lower than the personal loans as the lenders
have the advantage of the collateral in case of defaults.
 Unlike other loans, gold loan does not require salary proof or a very good
credit score.

3. Gold Loan Process
Step 1: Purity of the gold is checked based on which the loan
amount is decided.
Step 2: The market rate of gold per gram is checked and the rate of
previous day is taken into consideration.
Step 3: Loan to Value (LTV) is decided at this stage. The maximum
LTV value set by the RBI is 75%.
Step 4: Once you have acknowledged the loan amount and terms,
the lender processes the application. The processing fees and
other charges are deducted from the loan amount.
Step 5: After signing the final agreement, the gold loan amount is
disbursed to your account.

4. Introduction to Axis Bank Gold Loan
 Axis Bank offers loan against gold at competitive interest rates.
 Being one of the major gold loan providers, Axis Bank understands the
needs of the customers and disburses the loan amount in an hour.
 The gold pledged is safely locked in the bank locker and you do not
have to worry about its safety.
 The gold rates and all other charges are intimated to you upfront in a
transparent manner before sanctioning the loan amount.
 Hence you do not have to worry about the hidden charges and fees on
the gold loan.

5. Features
Purpose: Axis Bank gold loan offers a convenient way to the customers to meet all types of personal
needs such as wedding, education, business expansion etc.
Minimum Loan Amount: The minimum loan amount starts from INR 25,001.
Maximum Loan Amount: As it is a secured loan, the borrower can get up to INR 20 Lakhs on Axis
Bank gold loan.
Gold Loan Tenure: The repayment period on Axis Bank gold loan starts from 6 months and up to 36
months.
Processing Charges: The borrower must pay 1% of the loan amount as processing fee on Axis Bank
gold loan.
Prepayment Charges: There are no prepayment charges on Axis bank gold loan.
Interest Rate: The interest rate on Axis Bank gold loan ranges between 14.50% to 17%.
Storage: The gold jewels provided to the bank as collateral is stored safely in the bank’s locker and
you can get it back after the entire loan repayment.
Gold Loan Amount Per Gram: The gold loan per gram ranges between INR 1755 to 2145 and it
subject to change based on the purity of the gold and market prices.
Axis eDGE Loyalty Reward Points: You can get 150 reward points on Axis bank gold loan disbursal
which can be redeemed against various shopping items.

6. How to apply for Axis Bank Gold Loan
You can walk in to the nearest Axis Bank branch with your gold, apply for
the loan and get the loan amount after the verification process within an
hour. If you want to get it from the comfort of your home, you can apply
online and executives from the bank will visit your house and after
valuation, the loan will be processed and disbursed to your account
immediately after approval.

7. Eligibility Criteria
• The applicant should be aged between 18 years to 75 to avail the gold
loan from the bank.
• The borrower must have gold in any form such as jewels, ornaments etc.
Documents Required
 Application form duly filled by the applicant
 Photographs of the applicant
 Proof of Identity & Address: Voter’s ID card/ Passport/ Driving license/
Aadhaar card provided by UIDAI etc.
 Proof of Age
 Post Disbursement Documents (if any)

8. Interest Rate, Applicable Fees & Charges
Interest Rate Starting from 14.50% to 17%
Gold Loan Processing Fees 1% of loan sanctioned
Repayment Period 6 months to 3 years
Min./Max. Loan Amount Rs.25001/Rs.20 lakhs
Prepayment Charges ZERO
Penal Charges
2% over original loan interest rate
on overdue amount

9. Repayment Option
 Axis Bank provides customers with two options towards the
repayment of their gold loan. Applicant may opt for the most
convenient option as per their choice.
 Upfront Interest payment and principal repayment on the maturity
date
 Interest payment on monthly basis and principal repayment on the
maturity date.
 EMI (Equated monthly Installment) payment option.