Monthly EMI: ₹43,958 at 10% for 1 years. Total interest: ₹27,496.
| Year | Principal | Interest | Balance |
|---|
With a ₹5 Lakh gold loan from ICICI Bank at 10% for 1 years, you will pay a monthly EMI of ₹43,958. The total amount payable is ₹5,27,496, of which ₹27,496 is interest.
At 10% interest rate for 1 years, the EMI for ₹5 Lakh Gold Loan from ICICI Bank is ₹43,958 per month. Total interest payable: ₹27,496.
ICICI Bank offers Gold Loan at 10.00 - 16.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 10% for 1 years, you would pay approximately ₹27,496 as total interest, making the total repayment ₹5,27,496.
ICICI Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
ICICI Bank offers competitive rates starting from 10.00 - 16.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹5 Lakh gold loan.