Monthly EMI: ₹61,460 at 9.75% for 1 years. Total interest: ₹37,520.
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With a ₹7 Lakh gold loan from Axis Bank at 9.75% for 1 years, you will pay a monthly EMI of ₹61,460. The total amount payable is ₹7,37,520, of which ₹37,520 is interest.
At 9.75% interest rate for 1 years, the EMI for ₹7 Lakh Gold Loan from Axis Bank is ₹61,460 per month. Total interest payable: ₹37,520.
Axis Bank offers Gold Loan at 9.75 - 17.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹7 Lakh at 9.75% for 1 years, you would pay approximately ₹37,520 as total interest, making the total repayment ₹7,37,520.
Axis Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Axis Bank offers competitive rates starting from 9.75 - 17.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹7 Lakh gold loan.