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

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Simply so, how is gold interest 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.

In this manner, how much gold loan can I get per gram in UCO Bank? UCO Bank Gold Loan Key Features – Apply Now

UCO Bank Gold Loan Interest Rate 7% per annum
UCO Bank Gold Loan Rate Per Gram Rate Per Gram is ₹ 3,506 to ₹ 4,621
UCO Bank Processing Fee 1.0% of the Principal Loan Amount
UCO Bank Maximum Loan Amount Up to Rs. 1 Crore (With Income Proof)
UCO Bank Minimum Loan Amount Up to 70% LTV

In this regard, in which bank interest rate is low for gold loan?

Low Interest Gold Loan Rates: Top 5 Banks

Banks Interest Rate Tenure
HDFC Bank 9.00% 3 months to 24 months
Yes Bank 9.99% 6 months to 36 months
ICICI Bank 10.00% 6 months to 12 months
IndusInd Bank 10.00% 3 months to 24 months

What is gold loan interest rate in SBI?

7.50 per cent

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

Canara Bank Gold Loan Per Gram Today is ₹ 3,506 to ₹ 4,621

Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 4,676
Eligible Age 18 to 75 years
Loan Amount Eligibility Rs. 1,000 to Rs. 2 Cr

What is the rate of gold loan per gram in Indian bank?

Indian Bank issues a Gold Loan per gram rate of

Indian Bank Gold Loan Interest Rate 7% per annum
Indian Bank Gold Loan Repayment Tenure Up to 36 months

What is the rate of interest for gold loan in UCO Bank?

Assesse/Testing of Gold Ornaments

Existing Guidelines
Margin Offered Scheme Code Rate of Interest
25% L804R UCO Float Rate + 1.60% i.e. 6.90% + 1.60% presently 8.50% p.a.
30% L804T UCO Float Rate + 1.40% i.e. 6.90% + 1.40% presently 8.30% p.a.
40% L804U UCO Float Rate + 1.10% i.e. 6.90% + 1.10% presently 8.00% p.a.

What is the Today gold rate?

Indian Major Cities Gold Rates Today

City 22 Carat Gold Today 24 Carat Gold Today
Chennai ₹ 45,350 ₹ 49,480
Mumbai ₹ 47,080 ₹ 49,080
Delhi ₹ 47,300 ₹ 51,580
Kolkata ₹ 47,250 ₹ 49,950

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 is best for gold loan 2021?

List of Top 10 Banks / NBFCs offering Gold Loan in India – 2021

Gold Loan Providers Interest Rate Fee
HDFC Bank 9.90% onwards 1.5% + GST
ICICI Bank 11% p.a. onwards 1% of the loan amount
Canara Bank 7.65% p.a. onwards 0.25% of the loan amount
Axis Bank 12.50% p.a. onwards 1% plus GST

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.

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