Federal Bank Gold Loan Interest Rate Comparison
| Lender | Gold Loan Interest Rate | Loan Amount |
|---|---|---|
| Federal Bank | 8.50% onwards | Rs.1,000 to Rs.1.5 crore |
| SBI Bank | 7.30% onwards | Rs. 20,000 to Rs. 50 lakh |
| Axis Bank | 13% onwards | Rs. 25,001 to Rs. 25 Lakh |
| SBI | 7.50% onwards | Rs. 20,000 to Rs. 50 Lakh |
Subsequently, how is gold interest rate calculated?
You can determine the gold loan interest by subtracting the principal loan amount from the total outstanding. You can also take the assistance of a gold loan interest rate calculator to know about the same and learn how the interest rate alters EMIs and total outstanding amounts.
*The market value of your gold is calculated by taking 30 days average gold rate of 22 carat gold | Purity of the gold is assumed at 22 carat. *You can avail a maximum loan of up to 75% of the market value of your gold depending on the quality of the gold.
In respect to this, how much is gold loan per gram in Kerala Gramin Bank?
Kerala Gramin Bank Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621
| Interest Rate | 7.0% per annum |
|---|---|
| Gold Loan Rate Per Gram | Rate Per Gram is ₹ 3,506 to ₹ 4,621 |
| Processing Fee | 0.75% of the Principal Loan Amount |
| Maximum Loan Amount | Up to Rs. 20 lakh |
| Minimum Loan Amount | 75% LTV |
What is the rate of gold loan per gram in Canara Bank?
As per the latest gold prices, Canara Bank offers a gold loan per gram of ₹ 2,559 to ₹ 3,128. Highest Canara Bank gold loan rate per gram today is ₹ 3,128 for 22 carat jewellery calculated at a maximum LTV of 75% and the average gold loan prices of last 30 days in 2021 is ₹ 4,634 of 22 carat.
What is the rate of interest for gold loan in Canara Bank?
Canara Bank Gold Loan Details
| Interest Rate | Up to 7.65% p.a. |
|---|---|
| Loan Amount | Up to Rs.20 lakh |
| Loan Tenure | Up to 2 years |
| Processing Fee | 0.5 % of the loan amount + GST subject to a minimum of Rs.500 |
Which bank gives highest gold loan per gram?
Gold Loan Per Gram – SBI, Manappuram, Muthoot, HDFC, Axis, Yes Bank & IIFL
| Bank / NBFC | Rate Per Gram | Interest Rate |
|---|---|---|
| ICICI Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.00% |
| Muthoot Finance Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.00% |
| Manappuram Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.25% |
| Canara Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25% |
Which bank has lowest interest rate on gold loan?
Low Interest Gold Loan Rates: Top 5 Banks
| Banks | Interest Rate | Tenure |
|---|---|---|
| ICICI Bank | 9.00% | 6 months to 12 months |
| HDFC Bank | 9.00% | 3 months to 24 months |
| Yes Bank | 9.99% | 6 months to 36 months |
| IndusInd Bank | 10.00% | 3 months to 24 months |
Which bank is best for gold loan?
Gold Loan Interest Rates Comparison
| Name of the Bank | Interest Rate | Loan Amount |
|---|---|---|
| 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 |
| Kotak Mahindra Gold Loan | 10.00% p.a. – 17.00% p.a. | Rs.20,000 to Rs.1.5 crore |
Which is cheaper gold loan or home loan?
A home loan top up interest rate is cheaper than a gold or personal loan. This is because a top up loan interest rate is only 0.5% to 1% higher than home loan interest rates.
Which is the best bank for gold loan in Kerala?
List of Top 10 Banks / NBFCs offering Gold Loan in India – 2021
| Gold Loan Providers | Interest Rate | Tenure |
|---|---|---|
| HDFC Bank | 9.90% onwards | 3 months to 24 months |
| ICICI Bank | 11% p.a. onwards | 3 months to 12 months |
| Canara Bank | 7.65% p.a. onwards | 6 months to 2 years |
| Axis Bank | 12.50% p.a. onwards | From 3 months to up to 3 years |