Monthly EMI: ₹17,770 at 12% for 1 years. Total interest: ₹13,240.
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With a ₹2 Lakh gold loan from Muthoot Finance at 12% for 1 years, you will pay a monthly EMI of ₹17,770. The total amount payable is ₹2,13,240, of which ₹13,240 is interest.
At 12% interest rate for 1 years, the EMI for ₹2 Lakh Gold Loan from Muthoot Finance is ₹17,770 per month. Total interest payable: ₹13,240.
Muthoot Finance offers Gold Loan at 12.00 - 26.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹2 Lakh at 12% for 1 years, you would pay approximately ₹13,240 as total interest, making the total repayment ₹2,13,240.
Muthoot Finance's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Muthoot Finance offers competitive rates starting from 12.00 - 26.00% with tenure up to 2 years. Compare with other banks on this page to find the best option for your ₹2 Lakh gold loan.