Gold Loan Calculator in Hindi Gold Loan Calculator: In this article, you will know how you can calculate the EMI of your gold loan. EMI stands for Equated Monthly Installment. After taking the loan, you have to pay your loan through EMI.
When you take a loan by pledging your jewellery, gold coins or any Vastu made of gold to a bank or financial company that gives gold loan, then it is a gold loan. A person can take a gold loan for any of his needs like marriage expenses, medical emergency, traveling, home renovation etc.
Before applying for any gold loan, you must calculate your loan EMI with the help of a gold loan EMI calculator which helps you in availing the loan.
Gold Loan Calculator in Hindi
Many banks and financial companies are providing loan facility to the customers with low gold loan interest rates. With the help of gold loan calculator, you can calculate the EMI of your loan and find out how much money you will have to pay at the time of loan repayment.
By visiting the official website of the bank or financial company for which you are applying for the gold loan Gold Loan EMI Calculator With the help of you can calculate your loan. The calculator is available on the official website of each lender.
Many people have this question in their mind that how much loan is available on 1 gram of gold, then you can easily calculate it online.
HIGHLIGHTS:
| loan name | gold loan |
| Article | gold loan emi calculator |
| application mode | online / offline |
| lender | Banks and NBFCs |
| Rate of interest | Different in different banks and NBFCs |
gold loan calculator
You can calculate the EMI of your loan with the help of Gold Loan EMI Calculator by visiting the official website of the bank or financial company for which you are applying for the gold loan.
The EMI of the loan depends on several factors such as loan amount, interest rate, loan tenure, fineness of gold, jewellery, weight etc. Different banks and financial companies may have different types of calculators.
Some calculators are such in which you have to select the loan amount, interest rate and loan tenure and in some you have to enter the type of jewellery, weight of gold and how many carats of gold, after that you will get your gold loan amount in front of you. EMI comes.
Benefits of Gold Loan Calculator
- Before applying for Gold Loan from any bank or financial institution, it is necessary to calculate the EMI of your loan so that you do not face any kind of problem at the time of loan repayment.
- With the help of EMI Calculator, you can find out how much money you will have to pay at the time of loan repayment and you can apply for the loan accordingly.
- If you apply for a higher loan amount without calculating the EMI, then you may face problems at the time of loan repayment.
- You can find the cheapest Gold Loan by calculating the EMI of Gold Loan of various banks and financial companies.
- The loan amount given under Gold Loan is given on the basis of valuation of your gold. You can get information about how much loan you can get on your gold with the help of this gold loan calculator.
- gold loan calculator Shows the amount you are eligible for.
Gold Loan EMI Calculation Formula
If you do not want to calculate your loan EMI online, then you can also do it manually, but there are more chances of making mistakes when calculating manually. If you calculate online then Online EMI Calculator gives an accurate and correct information.
The formula for manual calculation is as follows:
P x R x (1+R)N / [(1+R)N-1]
- P – The principal amount that is borrowed.
- R – interest rate
- N – Tenure of the loan in number of months
Now let us understand this formula with an example:
Suppose you have taken a loan amount of Rs.1 lakh. The interest charged on this is 12% per annum and the loan tenure is up to 60 months.
- P – 1 lakh
- R – 12%
- N – 60 months
1,00,000 x 0.01 x (1+0.01)60 , [(1+0.01)60-1] = Rs.2,224 (per month)
Your gold loan interest rate depends on several factors such as loan amount, credit score, repayment tenure etc. If the interest rate of your loan is high, then your EMI will also be high.
How much loan is available on 10 grams of gold?
It depends on the purity of your gold. When you take your gold to the bank, the bank officials do valuation of your gold. In this the weight, market value, purity etc. of your gold is checked.
After a thorough assessment of your gold, you are told that how much loan you can take on 10 grams of gold.
You can also use Axis Bank’s Gold Loan Calculator, in which you can select the weight of your gold and find out how much gold loan you can get on 10 grams of gold.
conclusion
In this article we have given you gold loan calculator Complete information about has been provided. Whether you are taking gold loan from any bank or financial company, you should calculate the EMI of that loan so that you do not face any kind of problem while paying the loan.
You can find the cheapest gold loan by comparing gold loan offers from various banks and financial institutions. For more information, you can write us in the comment.
FAQ:
With its help, you can calculate the EMI of your loan and find out how much you will have to pay at the time of loan repayment.
You can find this out with the help of a gold loan calculator.
In EMI Calculator you have to enter some important information like loan amount, interest rate, loan tenure, weight of gold etc. and it gives you an amount which you have to pay as EMI.