Gold loans are a type of secured loan provided by lenders against gold as collateral. The gold is pledged as security and is returned back once the borrower repays the whole loan amount that is due. With the help of an online EMI calculator you will be able to find out how much EMI is to be paid approximately, for the borrowed loan amount. An EMI calculator will help you try different interest rates, tenures and principal amount combinations to find an approximation of the total loan amount to be repaid along with the interest payments.
Manappuram Finance gold loan calculator asks the user to enter his/her personal details like the user's name, contact number, email address, state and their city. It also asks what gold type(with stone, solid, chain) they would want to pledge to avail the loan. The fields also ask the gold weight in grams and the amount required to give an approximate result.