Monthly EMI: ₹86,873 at 7.75% for 1 years. Total interest: ₹42,476.
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With a ₹10 Lakh gold loan from Bank of India at 7.75% for 1 years, you will pay a monthly EMI of ₹86,873. The total amount payable is ₹10,42,476, of which ₹42,476 is interest.
At 7.75% interest rate for 1 years, the EMI for ₹10 Lakh Gold Loan from Bank of India is ₹86,873 per month. Total interest payable: ₹42,476.
Bank of India offers Gold Loan at 7.75 - 9.75% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 7.75% for 1 years, you would pay approximately ₹42,476 as total interest, making the total repayment ₹10,42,476.
Bank of India's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Bank of India offers competitive rates starting from 7.75 - 9.75% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹10 Lakh gold loan.