Monthly EMI: ₹17,490 at 9% for 1 years. Total interest: ₹9,880.
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With a ₹2 Lakh gold loan from IDFC First Bank at 9% for 1 years, you will pay a monthly EMI of ₹17,490. The total amount payable is ₹2,09,880, of which ₹9,880 is interest.
At 9% interest rate for 1 years, the EMI for ₹2 Lakh Gold Loan from IDFC First Bank is ₹17,490 per month. Total interest payable: ₹9,880.
IDFC First Bank offers Gold Loan at 9.00 - 14.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹2 Lakh at 9% for 1 years, you would pay approximately ₹9,880 as total interest, making the total repayment ₹2,09,880.
IDFC First Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
IDFC First Bank offers competitive rates starting from 9.00 - 14.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹2 Lakh gold loan.