Question: How Much Is Gold Loan Per Gram In Muthoot?

What is the rate of gold loan per gram in Icici Bank?

ICICI Gold Loan CalculatorEligibility CriteriaICICI Gold LoanGold Loan per gram₹ 2,663 to ₹ 3,255 depending on the purity of goldAge of Borrower18 – 70 yearsMaximum Loan Amount₹ 15 LakhMaximum Loan to Gold Value RatioUp to 75%3 more rows.

What are the documents required for Muthoot Gold Loan?

Documents RequiredProof of IdentityPAN Card, Aadhaar Card, Voter’s ID Card, Passport, Driving Licence or any other government approved photo IDProof of AddressAadhaar Card, Passport, Utility bills (not more than 3 months old) or any other government approved address proofNov 11, 2020

Does gold loan affect cibil score?

Prompt repayment of any loan can boost your credit score significantly, and Gold Loan is no different. Hence, a Gold Loan taken and repaid early or on time will have a more positive impact on your credit score rather than taking an unsecured personal loan.

Which bank gives highest value for gold loan?

Bank / NBFCGold Loan Interest RateProcessing FeeSBI7.00% to 7.50%0.50% + GSTBank of India7.40%Rs.125 to Rs. 300 per lakhCanara Bank1 Year MCLR (7.65%)Bank of Maharashtra7.35%Rs.500/- exclusive of GST.24 more rows•4 days ago

What is the rate of gold loan per gram in SBI?

SBI Gold Loan CalculatorEligibility CriteriaSBI Gold LoanGold Loan per gram₹ 2,663 to ₹ 3,255 depending on the purity of goldAge of Borrower21 – 65 yearsMaximum Loan Amount₹ 20 LakhMaximum Loan to Gold Value RatioUp to 75%3 more rows

How much gold loan can I get per gram in HDFC?

HDFC Gold Loan CalculatorEligibility CriteriaHDFC Gold LoanGold Loan per gram₹ 2,663 to ₹ 3,255 depending on the purity of goldAge of Borrower21 – 65 yearsMaximum Loan Amount₹ 50 LakhMaximum Loan to Gold Value RatioUp to 85%3 more rows•3 days ago

How is gold loan amount calculated?

✅How is gold loan interest calculated? You can calculate the gold loan interest by subtracting the principal amount from the total amount to be paid. The total amount you would pay by the end of tenure can be calculated with the help of an EMI calculator.

Which is the best gold loan?

Currently, SBI offers the lowest gold loan interest rate of 7.50% for a tenure upto 36 months and hence, is one of the best banks for gold loan….Best Banks for Gold Loan.BankInterest RatesLoan AmountManappuram12.00%₹ 1,000Federal Bank8.50%₹ 1,000PNB8.75%₹ 1,000Muthoot11.99%₹ 1,5001 more row

Is Gold Loan Safe?

Not checking creditor’s credibility: A gold loan is a secured loan, which implies that it is protected by collateral (gold in this case). This collateral remains with the creditor or lender till the loan amount is completely paid off.

What is the eligibility for gold loan?

Gold loan eligibility criteria Age: If you are an Indian Citizen of above 18 years but below 75 years, you technically qualify for a gold loan. Co-Borrower is required if Borrower’s age is above 70 years.

Is Gold Loan better than personal loan?

As longer loan tenure converts into higher interest cost, opting for a gold loan might be a more cost-effective option for those confident of repaying their loan within one or two years. Personal loan would be a better choice for those seeking a bigger loan amount and longer tenure.

How much is gold loan per gram in manappuram?

As per the latest gold prices, Manappuram offers a gold loan per gram of ₹ 2,663 to ₹ 3,255….6 months12 monthsManappuram EMI for a loan amount Rs. 1 lakh at 12.00%17,2558,8852 more rows