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Fincare Small Finance Bank Gold Loan EMI Calculator

Fincare Small Finance Bank Gold Loan EMI Calculator Sep 2021

Last Updated 24th May 2021

  • Fincare Small Finance Bank gold loan EMI depends upon loan amount, rate of interest and loan tenure.
  • Fincare Small Finance Bank gold Loan EMI Calculator is an online tool to estimate monthly EMI on gold loan from Fincare Small Finance Bank and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly Fincare Small Finance Bank gold loan EMI is ₹ 11,626 as calculated using the lowest interest rate of 10.99% for the maximum tenure of 9 Months.
  • The table below gives the EMIs on gold loan from Fincare Small Finance Bank at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan2 Year loan3 Year loan
₹ 1 Lakh₹ 8,838₹ 4,660₹ 3,273
₹ 3 Lakh₹ 26,513₹ 13,981₹ 9,820
₹ 5 Lakh₹ 44,189₹ 23,302₹ 16,367

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    Fincare Small Finance Bank Gold Loan EMI Calculator

    Fincare Small Finance Bank gold loan EMI is a fixed amount of money you pay on your Fincare Small Finance Bank gold loan and is based on your loan amount, tenure and interest rate. If you want to calculate the gold EMI of Fincare Small Finance Bank in advance, you can use Fincare Small Finance Bank gold loan EMI Calculator. Fincare Small Finance Bank gold loan calculator is an online tool that functions on a mathematical algorithm to calculate monthly EMI, consisting of both principal and interest payment.

    Why Should You Use Fincare Bank Gold Loan EMI Calculator?

    • Calculate the EMI at Different Tenures: Fincare Small Finance Bank gold loan calculator 2021 helps calculate the EMI with different loan amount and tenure. However, to compare the gold loan EMI at the lowest rate, it is advisable to check with the bank to know the gold loan interest rate you will be eligible for Fincare Small Finance Bank gold loan.
    • Compare EMI on Fincare Small Finance Bank Gold Loan: You can also estimate the EMI on Fincare Small Finance Bank gold loan with other leading banks using Fincare Small Finance Bank gold loan EMI Calculator at the same loan amount and tenure at varying interest rates.
    • Get Detailed Amortisation Schedule: To calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure, you can use Fincare Small Finance Bank gold mortgage loan calculator.
    • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Knowing the outstanding balance is always helpful if you are thinking about gold loan balance transfer.

    Fincare Small Finance Bank Gold Loan EMI Calculator to Estimate The EMI That Fits Your Budget

    You can use the Fincare Small Finance Bank gold loan emi calculator to know your Fincare Small Finance Bank gold loan repayment schedule. To calculate EMI on Fincare Small Finance Bank gold loan at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on Fincare Small Finance Bank gold loan calculator. For example, the below-mentioned table shows the calculation of Fincare Small Finance Bank gold Loan at the various combinations of loan amount and years at the lowest rate of 10.99%.

    EMI on Fincare Small Finance Bank gold loan is calculated for different loan amounts and tenures at the lowest gold rate of 10.99%.

    Loan Tenure
    Loan Amount 1 Year 2 Years 3 Years
    ₹ 50,000 ₹ 4,419 ₹ 2,330 ₹ 1,637
    ₹ 1 Lakh ₹ 8,838 ₹ 4,660 ₹ 3,273
    ₹ 2 Lakh ₹ 17,675 ₹ 9,321 ₹ 6,547
    ₹ 5 Lakh ₹ 44,188 ₹ 23,302 ₹ 16,367

    Fincare Bank Gold Loan EMI Calculator Formula

    Fincare Small Finance Bank gold loan calculator works using a simple mathematical formula to calculate your EMI. The Fincare Small Finance Bank gold loan calculation formula to calculate loan EMI is given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of interest per month
    n = The tenure of loan repayment in months

    If you want to use Fincare Small Finance Bank calculator to calculate Fincare Small Finance Bank gold loan EMI at rates ranging from 10.99% to 24.99%, you need to enter values like loan amount, rate of interest, loan tenure on the EMI calculator Fincare Small Finance Bank gold loan.

    Comparison of Fincare Bank Gold Loan EMI With Other Banks

    Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 2 Lakh Loan Amount of ₹ 5 Lakh
    Fincare Bank 10.99% ₹ 11,626 ₹ 23,252 ₹ 58,130
    Muthoot 11.99% ₹ 3,321 ₹ 6,642 ₹ 16,605
    Axis Bank 13.50% ₹ 4,778 ₹ 9,555 ₹ 23,889
    IIFL 9.24% ₹ 9,516 ₹ 19,033 ₹ 47,581
    PNB 8.75% ₹ 8,734 ₹ 17,467 ₹ 43,668
    ICICI Bank 9.00% ₹ 8,745 ₹ 17,490 ₹ 43,726
    Yes Bank 9.99% ₹ 3,226 ₹ 6,452 ₹ 16,131

    How to Pay Fincare Bank Gold Loan EMI?

    There are various methods to pay your Fincare Small Finance Bank gold loan EMI. To make a Fincare Small Finance Bank gold loan payment, you can either visit the bank branch and pay through cash, cheque or DD. In addition, the bank also allows Fincare Small Finance Bank gold loan online payment through net banking and mobile banking facilities.

    Fincare Small Finance Bank Gold Loan EMI for ₹ 1 Lakh

    The following table shows Fincare Small Finance Bank Gold Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 10.99%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 1,00,000 10.99% 1 ₹ 8,838
    ₹ 1,00,000 10.99% 2 ₹ 4,660
    ₹ 1,00,000 10.99% 3 ₹ 3,273

    Fincare Small Finance Bank Gold Loan EMI for ₹ 3 Lakh

    Below mentioned table shows the Fincare Small Finance Bank gold loan EMI for a gold loan of ₹ 3,00,000 at different tenure at the lowest rate of 10.99%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 3,00,000 10.99% 1 ₹ 26,513
    ₹ 3,00,000 10.99% 2 ₹ 13,981
    ₹ 3,00,000 10.99% 3 ₹ 9,820

    Fincare Small Finance Bank Gold Loan EMI for ₹ 5 Lakh

    Fincare Small Finance Bank gold loan EMI for a gold loan of ₹ 5,00,000 at different tenure at the lowest rate of 10.99%, is listed as follows

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 5,00,000 10.99% 1 ₹ 44,188
    ₹ 5,00,000 10.99% 2 ₹ 23,302
    ₹ 5,00,000 10.99% 3 ₹ 16,367

    FAQs

    Why should I calculate Fincare Small Finance Bank loan EMI before taking a loan?

    There are several benefits to calculate EMI for Fincare Small Finance Bank gold loan as discussed below -

    • If the EMI comes out to be more than your monthly budget, you can apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable.
    • If you already know the EMI you have to pay each month, you can plan your expenses accordingly.
    • You can also opt for gold loan prepayment in future when you have a surplus amount.

    Why Use MyLoanCare’s Fincare Bank Gold Loan EMI Calculator?

    With MyLoanCare Fincare Small Finance Bank gold loan EMI calculator, you can easily calculate EMI for Fincare Small Finance Bank gold loan without any hassle in a few seconds and error-free. The calculator works on a mathematical algorithm to calculate the EMI and helps you compare the EMI for varying loan amount and tenure. In addition, you also receive EMI calculation in your email or as a link on SMS.

    How is EMI calculated for Fincare Bank gold loan?

    Fincare Small Finance Bank calculates gold loan EMI using the mathematical formula as given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of Interest per month
    n = The tenure of loan repayment in months

    For What Other Purposes, You can Use Fincare Bank Gold Loan EMI Calculator

    Fincare Small Finance Bank jewel loan EMI calculator not just helps you calculate and compare the EMI for different loan amounts and tenures. You can also use the calculator to calculate various other charges on a gold loan, including foreclosure, prepayment etc.

    How To Repay Fincare Bank Gold Loan?

    You can repay Fincare Small Finance Bank gold loan using repayment methods such as EMI, bullet repayment and overdraft. For example, if you want to repay Fincare Small Finance Bank gold using the EMI option, you can use the Fincare Small Finance Bank jewel loan calculator to calculate Fincare Small Finance Bank gold loan EMI payment.


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    Fincare Bank Gold Loan News - Sep 2021
    • 2021-03-09 : Fincare expecting 10-20% growth in 2020-2021
      Despite the pandemic, Fincare Small Finance is expecting a 10% -20% growth in 2020-2021. The Small finance bank serves over 25.6 lakh customers in 19 states/territory with a workforce of 7,910 people.The size of the deposits is around Rs 5, 200 crore and the loan asset size is around Rs 5, 400 crore.
    *Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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