Monthly EMI: ₹60,843 at 7.85% for 1 years. Total interest: ₹30,116.
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With a ₹7 Lakh gold loan from PNB at 7.85% for 1 years, you will pay a monthly EMI of ₹60,843. The total amount payable is ₹7,30,116, of which ₹30,116 is interest.
At 7.85% interest rate for 1 years, the EMI for ₹7 Lakh Gold Loan from PNB is ₹60,843 per month. Total interest payable: ₹30,116.
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 ₹7 Lakh at 7.85% for 1 years, you would pay approximately ₹30,116 as total interest, making the total repayment ₹7,30,116.
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 ₹7 Lakh gold loan.