Monthly EMI: ₹43,610 at 8.5% for 1 years. Total interest: ₹23,320.
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With a ₹5 Lakh gold loan from HDFC Bank at 8.5% for 1 years, you will pay a monthly EMI of ₹43,610. The total amount payable is ₹5,23,320, of which ₹23,320 is interest.
At 8.5% interest rate for 1 years, the EMI for ₹5 Lakh Gold Loan from HDFC Bank is ₹43,610 per month. Total interest payable: ₹23,320.
HDFC Bank offers Gold Loan at 8.50 - 16.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 8.5% for 1 years, you would pay approximately ₹23,320 as total interest, making the total repayment ₹5,23,320.
HDFC Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
HDFC Bank offers competitive rates starting from 8.50 - 16.50% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹5 Lakh gold loan.