100% Free · Instant Results

IDFC First Bank Gold Loan EMI for ₹2 Lakh

Monthly EMI: ₹17,490 at 9% for 1 years. Total interest: ₹9,880.

1
Loan Details
%
2
EMI Breakdown
Monthly EMI
-
Total Interest
-
Total Payment
-
Total
-
Principal Amount
-
-
Total Interest
-
-
Amortization Schedule
YearPrincipalInterestBalance

IDFC First Bank Gold Loan for ₹2 Lakh — Key Details

Interest Rate
9.00 - 14.00% p.a.
Max Tenure
2 Years
Processing Fee
1% + GST
Prepayment Charges
Nil

With a ₹2 Lakh gold loan from IDFC First Bank at 9% for 1 years, you will pay a monthly EMI of ₹17,490. The total amount payable is ₹2,09,880, of which ₹9,880 is interest.

Frequently Asked Questions

What is IDFC First Bank Gold Loan EMI for ₹2 Lakh?

At 9% interest rate for 1 years, the EMI for ₹2 Lakh Gold Loan from IDFC First Bank is ₹17,490 per month. Total interest payable: ₹9,880.

What is IDFC First Bank Gold Loan interest rate for ₹2 Lakh?

IDFC First Bank offers Gold Loan at 9.00 - 14.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.

How much total interest on ₹2 Lakh Gold Loan from IDFC First Bank?

For ₹2 Lakh at 9% for 1 years, you would pay approximately ₹9,880 as total interest, making the total repayment ₹2,09,880.

Can I prepay my IDFC First Bank Gold Loan of ₹2 Lakh?

IDFC First Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.

Is ₹2 Lakh Gold Loan from IDFC First Bank a good option?

IDFC First Bank offers competitive rates starting from 9.00 - 14.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹2 Lakh gold loan.