Monthly EMI: ₹87,220 at 8.5% for 1 years. Total interest: ₹46,640.
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With a ₹10 Lakh gold loan from HDFC Bank at 8.5% for 1 years, you will pay a monthly EMI of ₹87,220. The total amount payable is ₹10,46,640, of which ₹46,640 is interest.
At 8.5% interest rate for 1 years, the EMI for ₹10 Lakh Gold Loan from HDFC Bank is ₹87,220 per month. Total interest payable: ₹46,640.
HDFC Bank offers Gold Loan at 8.50 - 16.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 8.5% for 1 years, you would pay approximately ₹46,640 as total interest, making the total repayment ₹10,46,640.
HDFC Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
HDFC Bank offers competitive rates starting from 8.50 - 16.50% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹10 Lakh gold loan.