Monthly EMI: ₹87,447 at 8.99% for 1 years. Total interest: ₹49,364.
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With a ₹10 Lakh gold loan from Federal Bank at 8.99% for 1 years, you will pay a monthly EMI of ₹87,447. The total amount payable is ₹10,49,364, of which ₹49,364 is interest.
At 8.99% interest rate for 1 years, the EMI for ₹10 Lakh Gold Loan from Federal Bank is ₹87,447 per month. Total interest payable: ₹49,364.
Federal Bank offers Gold Loan at 8.99 - 12.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹10 Lakh at 8.99% for 1 years, you would pay approximately ₹49,364 as total interest, making the total repayment ₹10,49,364.
Federal Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Federal Bank offers competitive rates starting from 8.99 - 12.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹10 Lakh gold loan.