Monthly EMI: ₹8,698 at 7.99% for 1 years. Total interest: ₹4,376.
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With a ₹1 Lakh gold loan from South Indian Bank at 7.99% for 1 years, you will pay a monthly EMI of ₹8,698. The total amount payable is ₹1,04,376, of which ₹4,376 is interest.
At 7.99% interest rate for 1 years, the EMI for ₹1 Lakh Gold Loan from South Indian Bank is ₹8,698 per month. Total interest payable: ₹4,376.
South Indian Bank offers Gold Loan at 7.99 - 12.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹1 Lakh at 7.99% for 1 years, you would pay approximately ₹4,376 as total interest, making the total repayment ₹1,04,376.
South Indian Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
South Indian Bank offers competitive rates starting from 7.99 - 12.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹1 Lakh gold loan.