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Central Bank Gold Loan for ₹2 Lakh

EMI: ₹17,388/month at 7.9%. Min income: ₹28,046/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
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Remaining Income
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Central Bank Gold Loan for ₹2 Lakh - Key Details

Interest Rate
7.9% p.a.
Monthly EMI
₹17,388
Total Interest
₹8,656
Total Payment
₹2,08,656
Min Income Required
₹28,046/mo
Processing Fee
0.50% + GST

A ₹2 Lakh gold loan from Central Bank at 7.9% interest for 1 years will cost you ₹17,388 per month as EMI. You will pay a total interest of ₹8,656 over the loan tenure. The minimum monthly income needed is ₹28,046 (assuming no existing EMIs).

Frequently Asked Questions

What is Central Bank gold loan EMI for ₹2 Lakh?

Central Bank Gold Loan EMI for ₹2 Lakh at 7.9% for 1 years is ₹17,388 per month.

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

You need a minimum monthly income of ₹28,046 for a ₹2 Lakh gold loan from Central Bank (at 7.9% rate, assuming no existing EMIs).

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

The total interest payable on ₹2 Lakh gold loan from Central Bank at 7.9% for 1 years is ₹8,656.

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

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

Can I prepay my Central Bank gold loan?

Central Bank 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 Central Bank Gold Loan Amounts

₹1 LakhEMI ₹8,694/mo₹3 LakhEMI ₹26,083/mo₹5 LakhEMI ₹43,471/mo₹7 LakhEMI ₹60,860/mo₹10 LakhEMI ₹86,942/mo