Monthly EMI: ₹26,234 at 8.99% for 1 years. Total interest: ₹14,808.
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With a ₹3 Lakh gold loan from Federal Bank at 8.99% for 1 years, you will pay a monthly EMI of ₹26,234. The total amount payable is ₹3,14,808, of which ₹14,808 is interest.
At 8.99% interest rate for 1 years, the EMI for ₹3 Lakh Gold Loan from Federal Bank is ₹26,234 per month. Total interest payable: ₹14,808.
Federal Bank offers Gold Loan at 8.99 - 12.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹3 Lakh at 8.99% for 1 years, you would pay approximately ₹14,808 as total interest, making the total repayment ₹3,14,808.
Federal Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Federal Bank offers competitive rates starting from 8.99 - 12.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹3 Lakh gold loan.