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Federal Bank Gold Loan for ₹3 Lakh

EMI: ₹26,234/month at 8.99%. Min income: ₹43,724/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
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Existing EMIs
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New Loan EMI
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Remaining Income
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Federal Bank Gold Loan for ₹3 Lakh - Key Details

Interest Rate
8.99% p.a.
Monthly EMI
₹26,234
Total Interest
₹14,808
Total Payment
₹3,14,808
Min Income Required
₹43,724/mo
Processing Fee
1% + GST

A ₹3 Lakh gold loan from Federal Bank at 8.99% interest for 1 years will cost you ₹26,234 per month as EMI. You will pay a total interest of ₹14,808 over the loan tenure. The minimum monthly income needed is ₹43,724 (assuming no existing EMIs).

Frequently Asked Questions

What is Federal Bank gold loan EMI for ₹3 Lakh?

Federal Bank Gold Loan EMI for ₹3 Lakh at 8.99% for 1 years is ₹26,234 per month.

What income do I need for ₹3 Lakh gold loan from Federal Bank?

You need a minimum monthly income of ₹43,724 for a ₹3 Lakh gold loan from Federal Bank (at 8.99% rate, assuming no existing EMIs).

What is the total interest on ₹3 Lakh gold loan from Federal Bank?

The total interest payable on ₹3 Lakh gold loan from Federal Bank at 8.99% for 1 years is ₹14,808.

What is Federal Bank's processing fee for ₹3 Lakh gold loan?

Federal Bank charges a processing fee of 1% + GST for Gold Loan.

Can I prepay my Federal Bank gold loan?

Federal Bank Gold Loan prepayment policy: Nil.

₹3 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 Federal Bank Gold Loan Amounts

₹1 LakhEMI ₹8,745/mo₹2 LakhEMI ₹17,489/mo₹5 LakhEMI ₹43,723/mo₹7 LakhEMI ₹61,213/mo₹10 LakhEMI ₹87,447/mo