EMI: ₹43,900/month at 9.75%. Min income: ₹73,167/month.
A ₹5 Lakh gold loan from Axis Bank at 9.75% interest for 1 years will cost you ₹43,900 per month as EMI. You will pay a total interest of ₹26,800 over the loan tenure. The minimum monthly income needed is ₹73,167 (assuming no existing EMIs).
Axis Bank Gold Loan EMI for ₹5 Lakh at 9.75% for 1 years is ₹43,900 per month.
You need a minimum monthly income of ₹73,167 for a ₹5 Lakh gold loan from Axis Bank (at 9.75% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh gold loan from Axis Bank at 9.75% for 1 years is ₹26,800.
Axis Bank charges a processing fee of 0.25% + GST for Gold Loan.
Axis Bank Gold Loan prepayment policy: Nil.