Calculate your monthly EMI, total interest, and full amortization schedule for a Axis Bank gold loan based on the loan amount, interest rate, and tenure.
Axis Bank gold loan interest rates vary by the loan-to-value ratio, tenure, and the scheme chosen. Enter your sanctioned or applicable rate — check axisbank.com or your branch for current rates.
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This calculator estimates your monthly EMI, total interest payable, and total repayment amount for an Axis Bank gold loan. Gold loans are secured loans where you pledge your gold jewellery or coins as collateral in exchange for instant liquidity — the loan amount is based on a percentage of the gold\'s current market value (loan-to-value ratio). Use this calculator to estimate the EMI for different loan amounts and tenures before visiting an Axis Bank branch for a gold loan.
Gold loan EMIs follow the standard reducing-balance formula. However, gold loans are often structured as bullet or overdraft products where only interest is paid monthly and the principal is repaid at maturity — confirm your Axis Bank gold loan structure before using the EMI calculation here.
Formula (EMI structure): EMI = [P × R × (1 + R)N] ÷ [(1 + R)N − 1].
Example: ₹2,00,000 gold loan at 10.5% per annum (example rate — enter your Axis Bank sanctioned rate), 1-year tenure: Monthly EMI ≈ ₹17,629.72. Total interest ≈ ₹11,556.65. Total repayment ≈ ₹2,11,556.65. (Note: confirm the repayment structure — EMI, bullet, or overdraft — with Axis Bank before applying.)
Gold loans are one of the fastest and most accessible forms of secured credit in India, processing within hours with minimal documentation — just the gold ornaments and basic KYC. Axis Bank offers gold loans at competitive interest rates, with loan amounts typically from ₹25,001 to ₹25 lakh or more, secured by gold jewellery of 18-22 karat purity. The maximum loan-to-value (LTV) ratio is capped at 75% of the appraised gold value by the Reserve Bank of India (RBI) — meaning for gold worth ₹2,70,000, the maximum loan is ₹2,00,000. Axis Bank appraises the gold in-branch, and the loan is typically disbursed on the same day. Gold loan interest rates are generally lower than personal loan rates but higher than home loan rates, reflecting the short tenure and the liquid collateral. Schemes include: standard EMI-based repayment, interest-only monthly repayment with bullet principal, and overdraft structures. When the loan is repaid in full, the pledged gold is returned. If the gold\'s market value falls and the LTV breaches the RBI limit, the bank may call for additional gold or partial repayment. Gold loan interest is not tax deductible for personal purposes but may be deductible as a business expense if the loan proceeds are used for business activities.
The Reserve Bank of India (RBI) caps the maximum loan-to-value (LTV) ratio for gold loans from banks at 75% of the appraised value of the gold. This means if your gold is appraised at ₹3,00,000, the maximum loan amount is ₹2,25,000. The appraisal is done by the bank's in-house assayer at the branch, who checks the purity (karat) and weight of the gold. RBI guidelines also specify that only gold jewellery and ornaments are accepted as collateral — gold bars, coins above 50 grams per customer, and other gold forms are typically not accepted.
Gold loans are typically the fastest form of secured credit in India — disbursement at Axis Bank branches often happens within the same day (within a few hours of bringing the gold and completing KYC). The process involves: bringing the gold to the branch, KYC verification (Aadhaar/PAN), gold appraisal by the bank's assayer, loan amount calculation (up to 75% LTV), agreement signing, and disbursement. The fast turnaround makes gold loans ideal for emergency liquidity needs.
If you default on an Axis Bank gold loan, the bank has the right to auction the pledged gold to recover the outstanding principal, interest, and charges. Banks typically provide a notice period before auction. If the auction proceeds exceed the outstanding dues, the surplus is returned to the borrower. If the gold's market value falls significantly and the LTV breaches the 75% RBI limit, the bank may issue a margin call — requiring the borrower to either deposit additional gold or partially repay the loan to bring the LTV back within limit.
Axis Bank accepts gold jewellery and ornaments of 18 karat or above purity for gold loans. Gold coins sold by banks are also typically accepted, up to 50 grams per customer (per RBI guidelines). Gold bars, gold ETFs, gold bonds, and gold in any form other than jewellery and small bank-sold coins are generally not accepted. The gold must be physically brought to the branch for appraisal and is kept in the bank's secure vault for the duration of the loan.
Yes — gold loans generally allow partial prepayment at any time. After a partial prepayment, the LTV ratio improves (the outstanding loan as a proportion of the gold value decreases), which may improve your terms. Once the loan is fully repaid, the pledged gold is returned immediately. Foreclosure charges may apply if the loan is closed before the tenure ends, depending on the specific product terms — confirm with Axis Bank.
In a standard gold loan EMI structure (modelled by this calculator), you pay both principal and interest each month, gradually reducing the outstanding balance. In a bullet gold loan (overdraft or term loan with bullet repayment), you pay only interest monthly and repay the entire principal in a lump sum at the end of the tenure. The bullet structure gives lower monthly outflows but requires a large one-time repayment. An overdraft gold loan works like a credit limit — you draw what you need and pay interest only on the amount drawn. Axis Bank offers multiple structures — choose based on your expected cash flow pattern.
Disclaimer: This calculator is an independent tool and is not affiliated with or endorsed by Axis Bank Limited. Interest rates, LTV ratios, loan amounts, and terms shown are examples only and do not represent Axis Bank's current offerings. Actual gold loan terms depend on Axis Bank's current rates, RBI regulations (particularly the 75% LTV cap), the appraised value of your gold, and your credit profile. Always verify current rates and terms at axisbank.com or at an Axis Bank branch before pledging gold.