Monthly EMI: ₹60,795 at 7.7% for 1 years. Total interest: ₹29,540.
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With a ₹7 Lakh gold loan from Bank of Baroda at 7.7% for 1 years, you will pay a monthly EMI of ₹60,795. The total amount payable is ₹7,29,540, of which ₹29,540 is interest.
At 7.7% interest rate for 1 years, the EMI for ₹7 Lakh Gold Loan from Bank of Baroda is ₹60,795 per month. Total interest payable: ₹29,540.
Bank of Baroda offers Gold Loan at 7.70 - 9.70% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹7 Lakh at 7.7% for 1 years, you would pay approximately ₹29,540 as total interest, making the total repayment ₹7,29,540.
Bank of Baroda's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Bank of Baroda offers competitive rates starting from 7.70 - 9.70% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹7 Lakh gold loan.