At present, there are many banks that provide gold Loans to the farmers to help them with various agricultural and allied activities. The best thing is that these gold loans are available at attractive interest rates.
Today in this article we will talk about Gold Loans offered by Axis Bank;
The Axis gold loan for farmers is available starting from Rs. 25,001 to Rs. 25, 00,000. The loan against gold gives farmers easy access to funds, allowing them to withdraw as per their need and pay interest on only the used amount.
In addition, due to quick approvals as well as overdraft facility, farmers can renew or increase their Gold Loan anytime. They can get all information related to their loan against gold online through Axis Bank’s Internet Banking facility.
Features and Benefits of Gold Loan
There are certain features & benefits of Gold Loans provided by Axis Bank - exclusively for farmers. The features of gold loan for farmers are as follows;
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Flexible loan amounts as per your requirements
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Secure storage of gold
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Easy loan disbursement
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Assured assistance & much more
Documents Required
You will need the following documents;
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Application Form
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KYC Documents
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Income Proof - Latest salary slip, Form 16 / bank statement
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Post disbursement documents (if any)
|
Axis Bank Gold Loan |
Interest Rate & Features |
|
Age |
18-75 years |
|
Minimum Loan Amount |
Rs. 25,001 |
|
Maximum Loan Amount |
Rs. 25 Lakh |
|
Gold Loan Interest Rate |
12.50% p.a. onwards |
|
Loan Tenure |
From 3 months up to 3 years |
|
Gold Items accepted |
Jewellery and gold coins sold by banks |
|
Processing Charges |
1% of the loan amount |
How to Apply for Axis Bank Gold Loan
To apply for Axis Bank gold loan, you will have to visit the nearest bank branch. The branch official will guide you through the entire process. You can also apply online by visiting the official website of Axis Bank.
