Monthly EMI: ₹17,351 at 7.5% for 1 years. Total interest: ₹8,212.
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With a ₹2 Lakh gold loan from SBI at 7.5% for 1 years, you will pay a monthly EMI of ₹17,351. The total amount payable is ₹2,08,212, of which ₹8,212 is interest.
At 7.5% interest rate for 1 years, the EMI for ₹2 Lakh Gold Loan from SBI is ₹17,351 per month. Total interest payable: ₹8,212.
SBI offers Gold Loan at 7.50 - 9.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹2 Lakh at 7.5% for 1 years, you would pay approximately ₹8,212 as total interest, making the total repayment ₹2,08,212.
SBI's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
SBI offers competitive rates starting from 7.50 - 9.50% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹2 Lakh gold loan.