Loan EMI Calculator
Total Down Payment (TDP)
(TDP = D + P)
Loan EMI (LE)
(PLA= A – D)
(PLA = Principal Loan Amount)
(LE = [PLA x R x (1+R)^T]/[(1+R)^T-1] )
Total Interest Payable (TIP)
(TIP = LE * T)
Total Payment (TP)
(TP = LA + TIP + P)
Gold is one of the popular ornaments or assets. Whenever you need urgent cash, take a loan by depositing gold in the bank. But you have to calculate EMI (Equated Monthly Installment) with the help of the Gold Loan EMI Calculator.
This gold loan is a security or collateral loan that is offered by Banks & NBFC. This EMI calculator provides the correct results of monthly EMI if you provide the loan amount, loan tenure & interest rate. 24hr Loan fletch the accurate result.
Why Gold Loan is Popular
Most borrowers preferred gold loans for financial needs. Why gold loan is popular. Let’s search the actual results:
Urgent Cash: If the borrower needs an immediate cash loan, a gold loan is one of the preferable choices. It will meet on urgent basic.
No Income Needs: Whenever you go for a business loan or personal loan, you will need to show income proof. However, a gold loan is a secured loan that is available without providing income details.
Affordable Interest: As you know, a gold loan is a secured loan, and the interest rate is low compared with a personal loan or business loan.
Only KYC Documents: Taking a gold loan is much easier because of KYC documents. Only provide your KYC details whenever going for a gold loan.
Instant Disburse: Gold loan disbursement process is instant. A maximum of 2 days will take to hit the loan on the borrower’s account.
Use Gold Loan EMI Calculator
Easy straightforward process to use Gold Loan EMI Calculator. The following steps will be necessary to calculate the EMI:
- Loan Amount: Enter the loan amount that you want to borrow.
- Specific Interest Rate: Input the actual interest that the lender offers.
- Give Loan Tenure: Repayment tenure is provided in total months. This is the actual duration of your loan.
Now, you will get quick results for calculating EMI. This monthly EMI you need to pay with interest and principal amount.
Benefits of Gold Loan EMI Calculator
Financial Goal: Before taking a loan, a monthly budget helps to reach on financial goal and these will be fulfilled from the Gold Loan EMI Calculator.
Compare Interest Rate: Borrowers should compare loan EMI and interest rates with the help of the Gold Loan Calculator.
Make Quick Decision: Gold Loan Calculator provides quick decisions regarding tenure, monthly EMI, and ROI (Rate of Interest).
Quick result: Instant and online Gold Loan EMI Calculator shows you instant results.
Bottom Line
Gold Loan EMI Calculator is the most convenient tool. The borrower takes the instant result and makes a quick decision after comparing lenders. Don’t need to install the EMI calculator tool. Just use this Gold Loan calculator from online using. It will show transparent result and plans your budget-friendly financial goal.