Monthly EMI: ₹61,541 at 10% for 1 years. Total interest: ₹38,492.
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With a ₹7 Lakh gold loan from Kotak Mahindra Bank at 10% for 1 years, you will pay a monthly EMI of ₹61,541. The total amount payable is ₹7,38,492, of which ₹38,492 is interest.
At 10% interest rate for 1 years, the EMI for ₹7 Lakh Gold Loan from Kotak Mahindra Bank is ₹61,541 per month. Total interest payable: ₹38,492.
Kotak Mahindra Bank offers Gold Loan at 10.00 - 17.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹7 Lakh at 10% for 1 years, you would pay approximately ₹38,492 as total interest, making the total repayment ₹7,38,492.
Kotak Mahindra Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Kotak Mahindra Bank offers competitive rates starting from 10.00 - 17.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹7 Lakh gold loan.