Compare Gold Loan - Yes Bank vs Manappuram
| Bank | ||
|---|---|---|
| Parameters | ||
| Interest Rate | Interest Rate 9.99% - 14.50% |
12.00% - 29.00% |
| Processing Fees | Processing Fees 0.75% or Rs 500 to 799, whichever is higher |
Rs. 10 (to be paid at time of settlement) |
| Loan Amount | Loan Amount ₹ 25,000 to ₹ 50 Lakh |
₹ 1,000 to ₹ 1 Cr |
| Loan Tenure | Loan Tenure 6 months to 36 months |
1 day to 12 months |
| Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 3,226 |
₹ 8,885 |
| Foreclosure Charges | Foreclosure Charges 1% |
Nil |
| EMI Scheme | EMI Scheme Y |
Y |
| Bullet Repayment Scheme | Bullet Repayment Scheme N |
Y |
| Overdraft Scheme | Overdraft Scheme Y |
N |
| Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 4.7/5.0 |
4.3/5.0 |
Compare EMI of Yes Bank and Manappuram Gold Loan
| Loan Amount | Yes Bank | Manappuram |
|---|---|---|
| ₹ 50,000 | ₹ 5,867 | ₹ 5,023 |
| ₹ 1 Lakh | ₹ 11,733 | ₹ 10,046 |
| ₹ 5 Lakh | ₹ 58,666 | ₹ 50,231 |
| ₹ 10 Lakh | ₹ 1,17,331 | ₹ 1,00,462 |
Which bank offers lower interest rate on Gold Loan – Yes Bank or Manappuram?
As per the current rates, Yes Bank offers a lower interest rate of 9.99% on Gold Loan when compared to Manappuram which offers a Gold Loan at 12.00%.
How does Yes Bank Gold Loan compare with Manappuram Gold Loan?
Gold Loan or Jewel Loan is an easy loan to get instant credit without the need to have a good credit score and income documents. Anyone is eligible to get the gold loan, provided the person has 18-22 carat gold jewelry to offer as collateral. Hence, while comparing Yes Bank and Manappuram for gold loan and choosing the best bank, it is important to compare three factors which are their rate of interest, gold loan per gram eligibility as well as repayment options such as EMI, Bullet and Overdraft.
You must select the bank of your choice after evaluating the advantages and disadvantages of Yes Bank and Manappuram.
What are the best repayment options available on Gold Loan – Yes Bank or Manappuram?
How can I choose the best bank for Gold Loan?
You can choose the best bank for a Gold Loan by making a detailed comparison between top lenders on the basis of interest rates, processing fee or Gold Loan offers. Apart from that, you can visit online marketplaces like MyLoanCare to choose the best Gold Loan offer. Here, you will get the option of choosing the best bank amongst the shortlisted ones based on your loan requirement.
Which type of Gold Loan is the cheapest?
The cheapest Gold Loan is the one that is offered at the lowest Gold Loan interest rates. This is because the lowest Gold Loan interest rates mean the lowest EMI, as the interest charged will be less. Thus, these loans can be attained with the least repayment burden. Currently, Yes Bank offers the cheapest Gold Loan at 9.99%.
How do I check my eligibility for Yes Bank and Manappuram Gold Loan?
You can check your eligibility for Yes Bank and Manappuram Gold Loan by using MyLoanCare Gold Loan eligibility calculator. You have to enter details like required loan amount and weight of gold to check the amount of loan you are eligible for. You can apply loan for the eligible amount to repay the EMI you can comfortably service.
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