What is the rate of gold loan per gram in Muthoot Finance?
As per the latest gold prices, Muthoot offers a gold loan per gram of ₹ 2,520 to ₹ 3,080. Highest Muthoot gold loan rate per gram today is ₹ 3,080 for 22 carat jewellery calculated at a maximum LTV of 100% and the average gold loan prices of last 30 days in 2021 is ₹ 4,563 of 22 carat.
What is the interest of 1 lakh in Muthoot Finance?
Personal Loan EMI is calculated for Muthoot Fincorp Ltd. for different loan amounts and tenures at the rate of 14.00%….Comparison of Muthoot Personal Loan EMI with other Banks.
| Bank Name | Muthoot |
|---|---|
| Interest Rate | 14.00% |
| Loan Amount of ₹ 1 Lakh | ₹ 8,979 |
| Loan Amount of ₹ 5 Lakh | ₹ 44,894 |
| Loan Amount of ₹ 10 Lakh | ₹ 89,787 |
How much loan can I get for 1g gold?
As shown in the table above, if you take a loan against 18-carat gold, you will be eligible for a gold loan of Rs. 3,329 per gram of gold. A gold loan per gram rate of Rs. 3,409 per gram is available if you take out a loan against 22-carat gold.
What is the interest rate for gold loan?
Gold Loan Interest Rates Comparison
| Name of the Bank | Interest Rate | Loan Amount |
|---|---|---|
| HDFC Gold Loan | 11% p.a. to 16% p.a. | Rs.10,000 onwards |
| Canara Bank Gold Loan | 7.35% p.a. | Rs.5,000 to Rs.35 lakh |
| Muthoot Gold Loan | 12% p.a. to 26% p.a. | Rs.1,500 onwards |
| SBI Gold Loan | 7.00% p.a. onwards | Rs.20,000 to Rs.50 lakh |
Which bank give more money for gold?
Best Gold Loan Interest Rates Comparison
| HDFC Bank | 9.50% to 17.55% |
|---|---|
| Axis Bank | 12.50% to 17.50% |
| State Bank of India | 7.50% |
| Manappuram Finance | 12% to 29% |
| Muthoot Finance | 12% to 27% |
Is Muthoot Finance safe for gold loan?
The Muthoot Finance company assures its customers of utmost security and constant monitoring of all their facilities. Hence, customers can be reassured that their gold is in safe custody. Muthoot Finance gives gold loans starting from Rs. 1500 with no upper limit.
What is the gold loan interest rate in SBI?
7.30% p.a.
SBI Gold Loan is offered with loan amount up to Rs. 50 lakh and interest rate going up to 7.30% p.a. The repayment tenure is up to 3 years with processing fee charged at 0.50% of the loan amount.
How is interest calculated in PA?
Calculating Per Annum Interest
- To calculate a monthly interest payment based on a per annum interest rate, multiply the principal basis for the loan by the annual interest rate.
- Divide the annual interest amount by 12 to calculate the amount of your per annum interest payment that is due each month.
What is the interest rate of Muthoot gold loan?
Muthoot Finance Gold Loan Rate of Interest 12% p.a. to 27% p.a. Loan Amount Rs.1,500 with no maximum limit Loan Tenure 7 days to 36 months Benefits of Muthoot Gold Loan Quick disbursement of loan amount.
What’s the maximum amount you can borrow from Muthoot Finance?
There’s no maximum limit you can borrow, but do note that the minimum amount to avail a gold loan from Muthoot Finance is ₹1,500. What is the loan amount I can expect from my gold?
Where do I go to repay my Muthoot gold loan?
To make repayments for your gold loans, be it the EMI or just the interest, you may do so at any Muthoot Finance branch or via its online customer portal. However, do note that for the collection of your gold ornaments (after making the final repayment), you’ll need to head down to the initial branch where it was pledged.
How to pay EMI on Muthoot Fincorp gold loan?
You can either make the payment directly at your Muthoot FinCorp branch or pay directly via your bank account. With Muthoot Blue, you can earn rewards if you pay your EMIs through the digital medium including mobile wallet, bank transfer or any other digital mode of payment. What are the benefits for gold loan interest rate calculator?