Which is the best option for gold loan?
List of Top 10 Banks / NBFCs offering Gold Loan in India – 2021
| Gold Loan Providers | Interest Rate | Tenure |
|---|---|---|
| Axis Bank | 12.50\% p.a. onwards | From 3 months to up to 3 years |
| Manappuram Finance | 9.90\% p.a. onwards | 3 months onwards |
| Federal Bank | 8.50\% onwards | Minimum 6 months |
| Bank of Baroda | 8.75\% p.a. | Up to 12 months |
What if I pay my education loan early?
Begin Early You can save a good chunk of amount from your loan repayment if you begin the repayment in the moratorium period. It saves on your interest repayments with a concession of 0.50\% in the rate of interest.
What happens if I dont pay my education loan?
If you are unable to make repayment on your education loan, then you will receive notices and warnings from the lender. If you fail to comply with the same, then the lender is legally entitled to the assets you mortgaged. Your property or asset can be auctioned or used by the lender.
Which bank give more money for gold?
Gold Loan Interest Rates Comparison
| Name of the Bank | Interest Rate | Loan Amount |
|---|---|---|
| HDFC Gold Loan | 11\% p.a. to 16\% p.a. | Rs.10,000 onwards |
| Canara Bank Gold Loan | 7.35\% p.a. | Rs.5,000 to Rs.35 lakh |
| Muthoot Gold Loan | 12\% p.a. to 26\% p.a. | Rs.1,500 onwards |
| SBI Gold Loan | 7.00\% p.a. onwards | Rs.20,000 to Rs.50 lakh |
Which bank gives loan against gold?
BOP Sonay pe Sohaga is a running / cash / demand finance facility against pledged gold bullion / gold ornaments for consumers to meet cash requirements.
How can I settle my student loans?
A one-time settlement is offered by the banks to the borrower to settle the outstanding loan balance at a negotiable amount….Check Education Loan Interest Rates Carefully.
| Banks | State Bank of India (SBI) |
|---|---|
| Loan Amount | Up to INR 1.5 Crore |
| Interest Rate | 6.90\% – 9.30\% |
| Maximum Tenure | 15 years |
How do I claim my education loan subsidy?
Education loan Interest Subsidy Interest paid on education loan for study can be claimed as deduction under Section 80E of the Income Tax Act, 1961. Interest paid on education loan for study can be claimed as deduction under Section 80E of the Income Tax Act, 1961.
How do I manage my education loan?
How to manage your education loan?
- Choose the right education loan.
- Maintaining good credit score helps.
- Better to take a loan in small amounts.
- Plan a wise repayment strategy.
- Manage your finances wisely.
- Saving and investment option.
- Utilizing the moratorium period.
- Not wise to opt for over-ambitious EMIs.
How do I get an interest free education loan?
However, can education loans in India be actually interest-free? The answer is no. Or at least, technically, you cannot avail of an interest-free education loan unless you have availed some economic benefits or academic subsidies from either the government or your institution.