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Gold loans are a type of secured loan provided by IOB(Indian Overseas Bank) 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.  

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.  

Gold loans are a type of secured loan provided by lenders against gold as collateral. TMB provides jewel loans and under that category comes Agriculture Jewel loans, Agriculture Jewel Loan with Interest Subvention and Non-Agriculture Jewel Loans. 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.  

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 HDFC 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.  

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 SBI Bank’s 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.

The gold loan amount that you can get from your lender is determined by the value of gold you have pledged as collateral. The values and the purity of the gold pledged will be checked before your lender takes possession of the gold. It will also depend on your creditworthiness as your lender would know whether you will be able to repay your loan within the given tenure period along with the interest rates charged. 

You can compare gold loan interest rates of different lenders before applying for one. Along with the best interest rates, you can also check for the tenure provided by respective lenders. It’s better to always check your lenders gold loan eligibility criteria before applying for it. Because if you don’t fit the eligibility criteria and apply for the loan, you would face unnecessary loan rejections.

You can check the outstanding balance of your two-wheeler loan account on your loan statement, through internet banking. You can login to ICICI Bank’s official website with your User ID and password → Main Page → My Accounts → Select Loans → View Repayment Schedule → Your outstanding balance will be displayed.

You would want to stay updated on the status of your two wheeler loan at any point of time. Almost all banks have official websites that will help you check your loan details. You can log on to your account online by using your credentials. After logging in, you’ll be able to see your two-wheeler loan details and the status of your loan.

Two wheeler loans are provided by banks and other financial institutions offering 90%-100% financing for selected two wheelers. The interest rate provided differs from bank to bank. Interest rate offers depend on the type of vehicle you are purchasing, your income level, type of loan you applied for and your creditworthiness. The interest rate for two wheeler loans with HDFC Bank are  from around 14.03%.

Two wheeler loans are provided by banks and other financial institutions offering 90%-100% financing for selected two wheelers. The interest rate provided differs from bank to bank. Interest rate offers depend on the type of vehicle you are purchasing, your income level, type of loan you applied for and your creditworthiness.

Tags:ATM

With ATMs, withdrawing cash has become very simple and accessible to all. Even though digital transactions have replaced a huge part of cash transactions from taking place, people still rely on it for various purposes. With ATMs being a huge part of our lives when it comes to getting instant cash, it's good to know the types of ATMs present in India:

Car loans are usually given at 85% of the car value and your repayment capacity will also be checked to decide on the loan amount that you’ll be able to get. It is advised to customers that they restrict their car loans to not more than 20 percent of their monthly income. For example, if you make Rs. 40,000 per month, your monthly car loan EMI should not exceed Rs. 8,000.

EMIs on cars are calculated by using factors like the loan amount borrowed, the interest rate and tenure. With the help of a Car Loan EMI calculator, you will be able to know the approximate EMI that will be applicable for you. The EMI consists of the principal and the interest charged. Thus the EMI to be paid will include both the principal amount and the interest applicable.

No, the recurring deposit interest amount is not tax free. The interest earned on your recurring deposit is not exempted from income tax that is collected every year. When you file your IT returns, you would have to add the interest income as ‘income from other sources’. The tax would have to be paid at the rate of the tax slab of the recurring deposit holder.

SBI Bank provides auto loans at fixed interest rates under the schemes SBI Car Loan, NRI Car Loan, Assured Car Loan Scheme at interest rates from 8.00% to 8.70%. Under the Loyalty Car Loan Scheme, the SBI Car Loan and NRI Car Loan scheme provide loans at interest rates from 7.95% to 8.65% (CIC rates are applicable). Certified pre-owned car loan schemes(Loyalty Car Loan Scheme) at interest rates of 9.50% for man and 9.45% for women. The normal Certified pre-owned car loan schemes provide interest rates from 9.75% to 10.75% (CIC Based rates are applicable).

When it comes to the interest charged on credit card dues, as per the moratorium relief, if you don’t pay your credit card bills within the moratorium period, your bank will levy interest as it normally does and keeps accruing. But they wouldn’t levy late payment fees and the cumulative interest levied can go up to 12%. And if you make further purchases during the moratorium period, the interest on the additional spends will also start accruing and you might end up paying a huge amount on interest.

This EMI moratorium was mainly introduced to benefit people who wouldn’t have a regular cash flow during the covid-19 crisis. This 6 month moratorium would definitely help daily wage workers and salaried individuals who might not be able to make their EMI payments due to pay cuts or layoffs. You can accordingly decide whether you want to take up the EMI holiday or not, according to your financial situation. 

The moratorium is not a waiver but just a postponement of EMI loan payments and also for credit card outstanding dues. The moratorium is for both the principal amount of and the interest. Even though payments are postponed to a later date, the interest will continue to accrue on your dues during the moratorium period. And the interest due will be added to the outstanding amount pending, which will have to be paid along with the principal amount. 

Applying for the EMI moratorium differs from bank to bank. Ever since the RBI has announced the moratorium, banks have made sure that their customers are informed on what is to be done to apply for the moratorium. And all the information on how to avail the moratorium can be checked on each bank's official websites. The most commonly followed way for letting customers opt for the EMI holiday is by sharing links through SMSs or emails.

As there are people facing issues with paying their loan EMIs due to the coronavirus pandemic, the Reserve Bank of India has allowed banks and other financial institutions to provide a 6 month EMI holiday. The EMI holiday is included for all loans including home loan, credit card dues, personal loan, education loan,working capital loans, auto loans, etc. As this is just a postponement of EMI payments, interest will also not be waived off and will continue to be added on the outstanding amount.

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