Monthly EMI: ₹43,448 at 7.8% for 1 years. Total interest: ₹21,376.
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With a ₹5 Lakh gold loan from Union Bank at 7.8% for 1 years, you will pay a monthly EMI of ₹43,448. The total amount payable is ₹5,21,376, of which ₹21,376 is interest.
At 7.8% interest rate for 1 years, the EMI for ₹5 Lakh Gold Loan from Union Bank is ₹43,448 per month. Total interest payable: ₹21,376.
Union Bank offers Gold Loan at 7.80 - 9.80% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 7.8% for 1 years, you would pay approximately ₹21,376 as total interest, making the total repayment ₹5,21,376.
Union Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Union Bank offers competitive rates starting from 7.80 - 9.80% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹5 Lakh gold loan.