Select the type of calculator and know how much money you can get over your ornaments.
Select the type of calculator and know how much money you can get over your ornaments.
This option of the Gold Loan Calculator helps you in finding out how much gold/jewellery you will require for the loan. All you need to do is enter the required loan amount. The necessary information regarding the quantity of gold and its purity will be given.
For e.g. if you require a loan of ₹15,00,000, then the Gold Loan Calculator will evaluate the required gold weight in grams along with its purity in carat.
This option of the Gold Loan Calculator helps you in finding out how much gold/jewellery you will require for the loan. All you need to do is enter the required loan amount. The necessary information regarding the quantity of gold and its purity will be given.
For e.g. if you require a loan of ₹15,00,000, then the Gold Loan Calculator will evaluate the required gold weight in grams along with its purity in carat.
*Please note that as per the RBI guidelines, the net weight is calculated by deducting the weight of all the stones and other non-gold fixtures on the ornaments.
The Gold Loan@Home loan calculator lets you calculate the loan amount you can borrow against your gold. The calculator also has an option of calculating the amount of gold that you would need to get the loan amount you require. Easy to use, the Gold Loan Calculator is a hassle-free and convenient way of calculating loan eligibility.
The working of this loan calculator is quite simple. You can calculate your loan eligibility in two ways:
Using the gold loan calculator by Muthoot Finance can help you gain more information about the gold loan amount you are eligible to apply for or the amount of gold you must pledge to avail a certain amount of money under a gold loan. This helps equip you to make an informed decision and helps ensure you are not unaware when the application is already underway.
The gold loan scheme that you are choosing, the tenure you plan to opt for, and the applicable interest rate, using a gold loan calculator by Muthoot Finance, providing you with a clear idea of the amount you are eligible for, you can plan your finances in a much better way. Some of the benefits of using the Muthoot Finance gold loan calculator include:
There are numerous schemes and offers offered by gold loan companies, and choosing the one that would suit not only your requirements but also your repayment capability the best is something that requires due thought, and a gold loan calculator. The interest rate offered under various schemes may vary slightly but will mostly remain similar for different applicants, seeing that the loan is based on the value of the asset pledged as security. If you plan to pledge a jewel, the gold loan calculator will help you get an estimate of the amount of money you can avail against the same, calculated using the purity and weight and the current rate of gold per gram. You can check today’s gold rate per gram at Muthoot Loan at Home. Current gold prices depend on market fluctuations, whether it is 1-gram, 22-carat, or 24-carat gold. On the other hand, if you have an amount in mind, you can use the calculator to find out the amount of gold against which the loan amount can be availed. Being equipped with this knowledge will make it easier for you to choose the right gold loan scheme.
Calculate the monthly interest rate applicable; using the gold loan calculator, you will get an idea of the Monthly Interest Payment you will have to pay based on different tenures or repayment options. This makes it easier to understand how much you can afford as a Monthly Interest Payment without it becoming a major burden on your pocket in the long run.
The gold loan calculator by Muthoot Gold loan at Home goes a long way in helping you plan your finances and is also extremely easy to use. If you are calculating the amount of money you can get for a particular amount of gold, you only need to enter the weight and purity of gold, and if you are calculating the amount of gold you need to pledge, you will be required to enter the amount of money you need and the purity of the gold.
The calculations will be done automatically, factoring in the today’s gold rate. Muthoot Gold loan calculator will not only easily provide you with the information you are seeking, but it will also allow you to start your application process for a gold loan with complete ease. You can simply click “Apply for a Loan”, fill in your details, and a representative from Muthoot Finance will get in touch with you.
Begin your gold loan journey where according to the current gold rates, the value of your gold can be calculated per gram today. Muthoot's Gold Loan Calculator determines your loan eligibility based on your gold's weight, type, and the amount you need.
Once you check for your loan eligibility using the gold loan calculator, you will get an option to apply for the loan. Fill in the details and submit the form. One of our experts will get in touch with you to discuss everything about your loan request. Feel free to connect with us in case of any queries.
Here, the loan calculator allows you to find out the loan amount you will be getting against your gold. You have to enter the details asked regarding the ornaments (type, purity, etc.) and the loan amount that will be sanctioned based on the jewellery will be calculated.
For example, if you have 200 grams of gold, based on the gold purity, the loan calculator will evaluate the net weight of the gold in grams, and the loan amount that you can avail will be shown.
This option of the gold loan calculator helps you in finding out how much gold/jewellery you will require for the loan. All you need to do is enter the required loan amount and gold purity, and the necessary information regarding the net weight of the gold will be shown to you.
For example, if you require a loan of ₹ 15 lacs, the gold loan calculator will evaluate the net weight of your gold (in grams) which is required to avail the required loan amount.
Yes, the ‘Gold Loan@Home’ mobile app has the Loan Calculator feature to help you calculate your loan eligibility from anywhere. The working of the calculator remains the same*. All you have to do is download the app from the Play Store (Android) or App Store (iOS) and use it at your convenience.
*Please refer to the ‘working of the loan calculator’ section to see the steps to be followed.
A gold loan calculator is a digital tool that helps you calculate the amount you are eligible for while applying for a gold loan. Here, you can enter information such as the weight of the gold ornaments, purity of the gold, loan amount etc.
Our Gold Loan@Home calculator takes several factors into consideration to calculate the approximate loan amount. It performs this calculation on the basis of information provided by you, such as weight, purity, and the type of ornaments you are going to pledge. Other than this, it also considers factors like the current market rate of gold. And this works vice versa also, if you input the amount you need as loan, the calculator will show you how much gold you need to pledge to avail that amount.
The Gold Loan@home calculator helps you calculate the loan amount you can avail based on the quantity of the gold you are pledging. Moreover, if you enter the specific amount you need to avail as a loan, the calculator will show how much gold you need to pledge to avail that particular amount as loan. Once you enter all the required information, the results will be displayed in no time. When you have a clear idea of these things, you can easily plan your finances.
When you apply for a gold loan, the valuation of your gold ornaments is done by taking several factors into consideration. Some of these factors include the total weight of the ornaments, their purity, and the current market rate for that gold purity. Usually, you can borrow 75% of the total worth of your gold assets, also known as the Loan-to-Value ratio.
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