Monthly EMI: ₹17,384 at 7.85% for 1 years. Total interest: ₹8,608.
| Year | Principal | Interest | Balance |
|---|
With a ₹2 Lakh gold loan from PNB at 7.85% for 1 years, you will pay a monthly EMI of ₹17,384. The total amount payable is ₹2,08,608, of which ₹8,608 is interest.
At 7.85% interest rate for 1 years, the EMI for ₹2 Lakh Gold Loan from PNB is ₹17,384 per month. Total interest payable: ₹8,608.
PNB offers Gold Loan at 7.85 - 9.90% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹2 Lakh at 7.85% for 1 years, you would pay approximately ₹8,608 as total interest, making the total repayment ₹2,08,608.
PNB's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
PNB offers competitive rates starting from 7.85 - 9.90% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹2 Lakh gold loan.