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Bank of India Gold Loan for ₹2 Lakh

EMI: ₹17,375/month at 7.75%. Min income: ₹28,025/month.

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Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
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Monthly EMI
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Total Interest
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Total Payment
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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Bank of India Gold Loan for ₹2 Lakh - Key Details

Interest Rate
7.75% p.a.
Monthly EMI
₹17,375
Total Interest
₹8,500
Total Payment
₹2,08,500
Min Income Required
₹28,025/mo
Processing Fee
0.50% + GST

A ₹2 Lakh gold loan from Bank of India at 7.75% interest for 1 years will cost you ₹17,375 per month as EMI. You will pay a total interest of ₹8,500 over the loan tenure. The minimum monthly income needed is ₹28,025 (assuming no existing EMIs).

Frequently Asked Questions

What is Bank of India gold loan EMI for ₹2 Lakh?

Bank of India Gold Loan EMI for ₹2 Lakh at 7.75% for 1 years is ₹17,375 per month.

What income do I need for ₹2 Lakh gold loan from Bank of India?

You need a minimum monthly income of ₹28,025 for a ₹2 Lakh gold loan from Bank of India (at 7.75% rate, assuming no existing EMIs).

What is the total interest on ₹2 Lakh gold loan from Bank of India?

The total interest payable on ₹2 Lakh gold loan from Bank of India at 7.75% for 1 years is ₹8,500.

What is Bank of India's processing fee for ₹2 Lakh gold loan?

Bank of India charges a processing fee of 0.50% + GST for Gold Loan.

Can I prepay my Bank of India gold loan?

Bank of India Gold Loan prepayment policy: Nil.

₹2 Lakh Gold Loan from Other Banks

SBIFrom 7.50 - 9.50%HDFC BankFrom 8.50 - 16.50%ICICI BankFrom 10.00 - 16.00%Axis BankFrom 9.75 - 17.00%Kotak Mahindra BankFrom 10.00 - 17.00%Bank of BarodaFrom 7.70 - 9.70%PNBFrom 7.85 - 9.90%Canara BankFrom 7.65 - 9.65%Union BankFrom 7.80 - 9.80%Indian BankFrom 7.60 - 9.60%

Other Bank of India Gold Loan Amounts

₹1 LakhEMI ₹8,687/mo₹3 LakhEMI ₹26,062/mo₹5 LakhEMI ₹43,436/mo₹7 LakhEMI ₹60,811/mo₹10 LakhEMI ₹86,873/mo