Monthly EMI: ₹8,683 at 7.65% for 1 years. Total interest: ₹4,196.
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With a ₹1 Lakh gold loan from Canara Bank at 7.65% for 1 years, you will pay a monthly EMI of ₹8,683. The total amount payable is ₹1,04,196, of which ₹4,196 is interest.
At 7.65% interest rate for 1 years, the EMI for ₹1 Lakh Gold Loan from Canara Bank is ₹8,683 per month. Total interest payable: ₹4,196.
Canara Bank offers Gold Loan at 7.65 - 9.65% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1 Lakh at 7.65% for 1 years, you would pay approximately ₹4,196 as total interest, making the total repayment ₹1,04,196.
Canara Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Canara Bank offers competitive rates starting from 7.65 - 9.65% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹1 Lakh gold loan.