Monthly EMI: ₹44,424 at 12% for 1 years. Total interest: ₹33,088.
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With a ₹5 Lakh gold loan from Muthoot Finance at 12% for 1 years, you will pay a monthly EMI of ₹44,424. The total amount payable is ₹5,33,088, of which ₹33,088 is interest.
At 12% interest rate for 1 years, the EMI for ₹5 Lakh Gold Loan from Muthoot Finance is ₹44,424 per month. Total interest payable: ₹33,088.
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 ₹5 Lakh at 12% for 1 years, you would pay approximately ₹33,088 as total interest, making the total repayment ₹5,33,088.
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 ₹5 Lakh gold loan.