Monthly EMI: ₹17,370 at 7.7% for 1 years. Total interest: ₹8,440.
| Year | Principal | Interest | Balance |
|---|
With a ₹2 Lakh gold loan from Bank of Baroda at 7.7% for 1 years, you will pay a monthly EMI of ₹17,370. The total amount payable is ₹2,08,440, of which ₹8,440 is interest.
At 7.7% interest rate for 1 years, the EMI for ₹2 Lakh Gold Loan from Bank of Baroda is ₹17,370 per month. Total interest payable: ₹8,440.
Bank of Baroda offers Gold Loan at 7.70 - 9.70% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹2 Lakh at 7.7% for 1 years, you would pay approximately ₹8,440 as total interest, making the total repayment ₹2,08,440.
Bank of Baroda's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Bank of Baroda offers competitive rates starting from 7.70 - 9.70% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹2 Lakh gold loan.