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Calculating Gold Loan Amount and EMI – 5 Simple Steps to Instant Cash

  • Gold Loan is a great way of putting unused gold to work. It has been an ancient practice in India to mortgage gold for money and now, you can do so through proper channels. We, The Muthoot FinCorp, are one of the most progressive & trusted NBFCs to offer a loan against gold and help you out in times of need. Muthoot Gold Loan is quick to avail at times when you are in a need of urgent cash.  

    If you want a Gold Loan but you are not sure how much Gold Loan per gram can you get, you should check out a Gold Loan EMI calculator. This simple tool will tell you the exact amount to the last point and will help you make a decision.

    A Gold Loan EMI calculator requires you to fill in some details and with the press of a button, let’s you calculate the amount. If you are not sure about how to use an EMI calculator to find out the Gold Loan interest rate, here is how to go about it.

    1. Open the Gold Loan Interest Rate Calculator

    Click on the link to the Gold Loan interest rate calculator on your preferred lender. This will open an online calculator that will need a few inputs to provide you with a result. The basic inputs that you need to provide are interest rate, loan amount, and tenure.

    1. Choose the Interest Rate

    While the lowest interest rate can be a deciding factor, it is advisable to consider all the other factors as well before choosing the lender. Do remember that the lowest interest rate may or may not be the best offer. Therefore, do your homework and choose a lender based on several criteria along with a lower interest rate. Copy your chosen Gold Loan interest rate and place it in the appropriate section on the calculator.

    1. Choose the Loan Amount

    In the Gold Loan interest, calculator enter the loan amount that you are looking forward to. Be flexible with the loan amount because how much money you will receive also depends on the weight and type of gold you are giving as collateral.

    1. Enter the Gold Loan Tenure

    The final step is to choose the tenure for your Gold Loan. This is the time period in which you plan to return the lender’s money and get back your gold. While some lenders have fixed time period loans, some let you choose the number of months or years on your loan against gold. Enter the tenure in the right section and you are done.

    1. Calculate the Loan EMI

    Now, all you have to do is click on the ‘Calculate’ button and you will be able to see your Gold Loan interest rate on the screen. Do not like what you see? You can change the numbers to get a new amount.

    Muthoot Gold Loan EMI Calculator

    Muthoot FinCorp provides Gold Loan at attractive rates to its customers that can even be availed online. You have to fill out an easy form with some basic information and a representative will take it from there.

    Muthoot FinCorp is dedicated to making online Gold Loan a feasible option for businesses and individuals who want to monetize their gold. We also understand that your time is precious and so we are always ready to go the extra mile and collect all the documents from your doorstep.

    Muthoot Gold Loan EMI calculator is quite simple to use. You just have to fill in the appropriate details and the calculator will quickly give you the numbers that will aid you in decision making.

    Talk to Our Experts

    Would like some more information about the Gold Loans and Gold Loan EMI Calculator at Muthoot FinCorp? Connect with us anytime using WhatsApp. Just drop a ‘Hi’ on 7034021616 and a representative from our team will get back to you. You can also call us on 1800 102 1616 to get a call back from a Gold Loan expert. Don’t want to do all this? Leave your number here and we will call you back. Our team is available round the clock to help you with your queries on your preferred model.

    Harshit Agrawal 11-Nov-2020 6441 Views

About Author

Harshit Agrawal -
Harshit Agrawal heads digital marketing for Muthoot Pappachan Group from its head quarter based in Kochi, India. He has managed digital marketing & activations for brands such as Maruti Suzuki, Hero MotoCorp, Bharti Airtel, Google, Mankind Pharma...read more

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