Monthly EMI: ₹43,460 at 7.85% for 1 years. Total interest: ₹21,520.
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With a ₹5 Lakh gold loan from PNB at 7.85% for 1 years, you will pay a monthly EMI of ₹43,460. The total amount payable is ₹5,21,520, of which ₹21,520 is interest.
At 7.85% interest rate for 1 years, the EMI for ₹5 Lakh Gold Loan from PNB is ₹43,460 per month. Total interest payable: ₹21,520.
PNB offers Gold Loan at 7.85 - 9.90% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 7.85% for 1 years, you would pay approximately ₹21,520 as total interest, making the total repayment ₹5,21,520.
PNB's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
PNB offers competitive rates starting from 7.85 - 9.90% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹5 Lakh gold loan.