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Axis Bank has numerous gold schemes with respect to every budget and need. You can purchase gold as well as avail loan against your gold assets which have been deposited. Axis Bank currently offers gold schemes under the title of Gold Mohurs. Gold Mohurs come in two schemes, one for purchasing gold and one for availing loans.
In order to cater to people’s gold requirements, Axis Bank allows customers to deposit their gold jewellery from which they can avails loans at attractive rates.
Apart from the attractive rate of interest on the loan repayment amount, Axis Bank also offers loyalty points to customers who have recently applied for a gold loan.
|Valuation Charges||Rs. 500|
|Penalty on Interest||2% on the overdue amount|
|Charges for Partial Payment||Nil|
|Rate of Interest||14.05% to 17%|
Does Axis Bank provide loans on gold coins?
No, Axis Bank does not provide loans against gold coins.
What is a Gold Mohur?
Gold Mohur is the official gold scheme offered exclusively by Axis Bank. Gold Mohurs come in two schemes, one for purchasing gold and one for availing loans.
Is PAN mandatory for purchasing a Gold Mohur?
No, the PAN is only required to be furnished if you purchase a Gold Mohur worth ₹50000 and above.
What is the minimum partial payment accepted under a Gold Mohur Scheme?
The minimum partial payment you can make is ₹10000 up to a maximum of 3 payments.
What are eDGE loyalty points?
eDGE Loyalty points are reward points exclusive only to Axis Bank account holders. All Axis Bank account holders who have availed for a Gold Mohour scheme will get an instant 150 eDGE loyalty points once the gold loan has been disbursed.