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Federal Bank Gold Loan for ₹7 Lakh

EMI: ₹61,213/month at 8.99%. Min income: ₹1,02,022/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
₹ 0
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Remaining Income
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Federal Bank Gold Loan for ₹7 Lakh - Key Details

Interest Rate
8.99% p.a.
Monthly EMI
₹61,213
Total Interest
₹34,556
Total Payment
₹7,34,556
Min Income Required
₹1,02,022/mo
Processing Fee
1% + GST

A ₹7 Lakh gold loan from Federal Bank at 8.99% interest for 1 years will cost you ₹61,213 per month as EMI. You will pay a total interest of ₹34,556 over the loan tenure. The minimum monthly income needed is ₹1,02,022 (assuming no existing EMIs).

Frequently Asked Questions

What is Federal Bank gold loan EMI for ₹7 Lakh?

Federal Bank Gold Loan EMI for ₹7 Lakh at 8.99% for 1 years is ₹61,213 per month.

What income do I need for ₹7 Lakh gold loan from Federal Bank?

You need a minimum monthly income of ₹1,02,022 for a ₹7 Lakh gold loan from Federal Bank (at 8.99% rate, assuming no existing EMIs).

What is the total interest on ₹7 Lakh gold loan from Federal Bank?

The total interest payable on ₹7 Lakh gold loan from Federal Bank at 8.99% for 1 years is ₹34,556.

What is Federal Bank's processing fee for ₹7 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.

₹7 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₹3 LakhEMI ₹26,234/mo₹5 LakhEMI ₹43,723/mo₹10 LakhEMI ₹87,447/mo