Rate Table
Gold Loan Interest Rate
Mode Of Calculation
- Interest rate will be quoted on annualized basis only.
- Interest amount will be calculated on the daily outstanding balance in the loan account at the contracted rate.
- Interest will be calculated on the basis of 360 days a year.
- Compounding, if any, will be provided in specific loan schemes.
- All loans carry the fixed contracted rate till closure of account.
Risk Related Rate Of Interest
- Since a higher LTV (loan per gram) translates to a higher risk interest rate and LTV will be correlated.
- Assuming all other factors to be the same a higher LTV loan will attract a correspondingly higher interest rate as compared with a lower LTV loan.
- The interest rate applicable will vary from time to time and will be mentioned against the specific operative schemes / loan products.
NO Processing Fees or Service Charges
- No Processing Fees for all the loan schemes of Kadanthottu Finance Pvt Ltd
- No appraisal Charges for all the loan schemes of Kadanthottu Finance Pvt Ltd
Notice Charge
- The customers will be send reminder notices passed the due date and these charges along with GST will be added to your loan account.
- The details of the charges are provided in the Loan Pledge form
