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With the help of SBI’s EMI calculator, you will be able to find out how much EMI is to be paid against your SBI Gold Loan.
An EMI calculator is basically a tool, available on SBI’s website, that allows you to try different interest rates, tenures and principal amount combinations to find the approximate EMI amount you will need to pay against your loan.
For example; let your SBI Gold Loan principal amount be Rs.1 lakh and the annual interest rate be 7.50% for a tenure of 1 year. The Equated Monthly Installment (EMI) will be approximately Rs. 8676. Likewise, you can alter the principal amounts, interest rate and tenure to find out how much you would be paying for your SBI Gold Loan.
Additional Reading: SBI Gold Loan at Lowest Interest Rates