Monthly EMI: ₹44,191 at 11% for 1 years. Total interest: ₹30,292.
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With a ₹5 Lakh gold loan from Mahindra Finance at 11% for 1 years, you will pay a monthly EMI of ₹44,191. The total amount payable is ₹5,30,292, of which ₹30,292 is interest.
At 11% interest rate for 1 years, the EMI for ₹5 Lakh Gold Loan from Mahindra Finance is ₹44,191 per month. Total interest payable: ₹30,292.
Mahindra Finance offers Gold Loan at 11.00 - 20.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 11% for 1 years, you would pay approximately ₹30,292 as total interest, making the total repayment ₹5,30,292.
Mahindra Finance's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Mahindra Finance offers competitive rates starting from 11.00 - 20.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹5 Lakh gold loan.