Gold loan interest rate

Mortgage Refinance Reviews. Get a Business Loan From The Top Online Lenders. See for Yourself and Get a Quote Now. How to calculate gold loan interest? Do all loans charge an interest?

What is the standard mortgage interest rate? The maximum interest rate chargeable has been fixed at pa. Gold Loans by Axis Bank. Click here to know more. Interest will be calculated on the basis of 3days a year.

The interest rates range between 13. Banks and other financial institutions in India offer gold loans, the loan amount for which ranges from Rs. Lowest interest rate on gold loan is 10.

Generally, interest rate are high for smaller loan amount and vice-versa. The following table gives an approximate estimate of gold loan per gram SBI Bank will offer against gold jewelry of different purity levels at a maximum LTV of and lower LTV of. Find Out How Much You Can Afford. Compare Quotes From Multiple Lenders.

Interested borrowers can use gold rate interest calculator to find out the latest interest rates offered by the leading banks in India. The funds from gold loans can be used for weddings, education, business expansion or any other similar purpose. With minimal documentation and secure storage, our gold loans are a simple funding option to meet your needs.

Pay only the interest amount every month and enjoy low outgoings. The market value of your gold is calculated according to the per gram market rate of gold on the day of the loan application. Connected to base rate , at present it is 10. We offer loans as low as INR 0at attractive interest rates. Maximum rate of interest.

Being a secured loan , the interest rates of gold loan are comparatively low. However, it varies depending on the lender and various other factors like the tenure of the loan , the gold items pledge etc. Indel Money is one of the best NBFC in Kerala and Tamil Nadu that offers gold loan at a comparatively lower rate of interest.

This rate is fixed by the bank, depending on the type of loan and tenure, among other factors.

The rates vary according to the amount and tenure of the loan. Indian Bank has revised its minimum gold loan interest rate from 12.