Axis Bank Gold Loan

• Instant access to funds: Once the required KYC documents have been authorised and validated, you will receive an immediate release of the loan amount.

• No need of co-applicant: A co-applicant is not required during the gold loan application process.

• No foreclosure charges needed: Only if you have made regular payments can you foreclose the loan with no additional fees.

• No extra charge for partial payments: You can make a partial payment of at least Rs. 10,000 and up to three payments. Furthermore, there are no fees associated with it.

2. Axis Bank Gold Loan Benefits

• Availability of loyalty points: Once the gold loan has been disbursed, all Axis Bank account holders who have opted for the Gold Mohour plan will receive an instant 150 eDGE loyalty point bonus.

• Easy calculation of interests: Simple interest is used to compute the interest rate. The loan is paid back in EMIs, and the interest is calculated using the simple interest technique. You can also use a Gold Loan EMI calculator to estimate the EMI beforehand.

• Two options for loan repayment: You can pay the interest upfront and the balance as principal on the maturity date, or pay the interest in monthly instalments and the balance as principal on the maturity day.

This makes it an excellent choice for people looking for a straightforward investment.

1. Features of Gold Mohurs

The features of gold mohurs are as follows:

• You can buy Gold Mohurs from any of the 1400 Axis Bank locations across India as a buyer.

• The purity of the gold is guaranteed, as is the country of manufacture - Switzerland.

• The gold is 99.99% pure and comes in tamper-proof packaging with a 24 karat grade and Assay certification.

• Mohurs are available in the following weights: 2|5|8|10|20|50|100 grammes.

• On the 5 gram Gold Mohur, a picture of Goddess Laxmi is engraved.

2. Benefits of Gold Mohurs

The benefits of gold mohurs are as follows:

• Because there are no maintenance costs associated with Gold Mohurs, the danger of losing money on your investment is minimal.

• You do not need to keep track of your investment or restructure it.

• You have the choice of liquid assets in the event of an emergency.

• Because it is a one-time payment, the value of this method increases over time.

3. Gold Mohurs: Important Information

Here are some crucial information that you should know before purchasing gold mohurs:

• The buyer must provide PAN card data in order to acquire Gold Mohurs of Rs.50,000 or more.

• Applicants must be current Axis Bank clients to acquire Gold Mohurs. They can submit an application, and the transaction will be completed by debiting the customer's bank account.

• The price of Gold Mohur is set by gold market rates and varies on a daily basis.

• Axis Bank is unable to repurchase the Gold Mohur as the Reserve Bank of India forbids them for the same.

1. Silver Mohurs' Characteristics

The characteristics of silver mohurs are as follows:

• Axis Bank sells Silver Mohurs that are imported from Switzerland.

• With Assay certification, the silver is 99.99 percent pure and 24 karat.

• The Silver Mohurs are packaged in special tamper-proof packaging.

• The Mohurs have a Banyan tree design on them.

2. Silver Mohurs' Advantages

The advantages of silver mohurs are as follows:

• Silver is seen as a good luck charm rather than an investment.

• Silver is an excellent gift that anyone would appreciate receiving on a special occasion.

• The Silver Mohurs can be readily purchased by debiting the price from an existing Axis Bank account at any Axis Bank branch.

3. Silver Mohurs: Important Information

Here are some crucial information that you should know before purchasing silver mohurs:

• The buyer must provide PAN card data in order to purchase Silver Mohurs worth Rs.50,000 or more.

• Applicants must be current Axis Bank clients to stand eligible for purchasing Silver Mohurs. They can submit an application, and the transaction will be completed by debiting the customer's bank account.

• Silver Mohurs do not have a set price. The daily worldwide silver market rates govern it.

• Axis Bank is unable to repurchase the Silver Mohur. The Reserve Bank of India forbids banks from buying back silver or gold.

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