Monthly EMI: ₹61,054 at 8.5% for 1 years. Total interest: ₹32,648.
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With a ₹7 Lakh gold loan from HDFC Bank at 8.5% for 1 years, you will pay a monthly EMI of ₹61,054. The total amount payable is ₹7,32,648, of which ₹32,648 is interest.
At 8.5% interest rate for 1 years, the EMI for ₹7 Lakh Gold Loan from HDFC Bank is ₹61,054 per month. Total interest payable: ₹32,648.
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 ₹7 Lakh at 8.5% for 1 years, you would pay approximately ₹32,648 as total interest, making the total repayment ₹7,32,648.
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 ₹7 Lakh gold loan.