Monthly EMI: ₹17,379 at 7.8% for 1 years. Total interest: ₹8,548.
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With a ₹2 Lakh gold loan from Union Bank at 7.8% for 1 years, you will pay a monthly EMI of ₹17,379. The total amount payable is ₹2,08,548, of which ₹8,548 is interest.
At 7.8% interest rate for 1 years, the EMI for ₹2 Lakh Gold Loan from Union Bank is ₹17,379 per month. Total interest payable: ₹8,548.
Union Bank offers Gold Loan at 7.80 - 9.80% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹2 Lakh at 7.8% for 1 years, you would pay approximately ₹8,548 as total interest, making the total repayment ₹2,08,548.
Union Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Union Bank offers competitive rates starting from 7.80 - 9.80% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹2 Lakh gold loan.