Monthly EMI: ₹17,676 at 11% for 1 years. Total interest: ₹12,112.
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With a ₹2 Lakh gold loan from Mahindra Finance at 11% for 1 years, you will pay a monthly EMI of ₹17,676. The total amount payable is ₹2,12,112, of which ₹12,112 is interest.
At 11% interest rate for 1 years, the EMI for ₹2 Lakh Gold Loan from Mahindra Finance is ₹17,676 per month. Total interest payable: ₹12,112.
Mahindra Finance offers Gold Loan at 11.00 - 20.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹2 Lakh at 11% for 1 years, you would pay approximately ₹12,112 as total interest, making the total repayment ₹2,12,112.
Mahindra Finance's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Mahindra Finance offers competitive rates starting from 11.00 - 20.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹2 Lakh gold loan.