Monthly EMI: ₹60,779 at 7.65% for 1 years. Total interest: ₹29,348.
| Year | Principal | Interest | Balance |
|---|
With a ₹7 Lakh gold loan from IDBI Bank at 7.65% for 1 years, you will pay a monthly EMI of ₹60,779. The total amount payable is ₹7,29,348, of which ₹29,348 is interest.
At 7.65% interest rate for 1 years, the EMI for ₹7 Lakh Gold Loan from IDBI Bank is ₹60,779 per month. Total interest payable: ₹29,348.
IDBI Bank offers Gold Loan at 7.65 - 10.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹7 Lakh at 7.65% for 1 years, you would pay approximately ₹29,348 as total interest, making the total repayment ₹7,29,348.
IDBI Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
IDBI Bank offers competitive rates starting from 7.65 - 10.50% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹7 Lakh gold loan.