Check minimum income required for a ₹1 Lakh gold loan. EMI starts ₹8,676/month. Compare 24+ banks.
To get a ₹1 Lakh gold loan, you need a minimum monthly income of approximately ₹14,460 (at the lowest rate of 7.5% for 1 years, assuming no existing EMIs).
| Bank | Rate | Monthly EMI | Min Income Required | Processing Fee |
|---|---|---|---|---|
| Bajaj Finserv | 9.50 - 14.00% | ₹8,768 | ₹13,490/mo | 1% + GST |
| Mahindra Finance | 11.00 - 20.00% | ₹8,838 | ₹13,597/mo | 1.50% + GST |
| Muthoot Finance | 12.00 - 26.00% | ₹8,885 | ₹13,670/mo | 1% + GST |
| Manappuram Finance | 12.00 - 26.00% | ₹8,885 | ₹13,670/mo | 1% + GST |
| SBI | 7.50 - 9.50% | ₹8,676 | ₹13,994/mo | 0.50% + GST |
| Indian Bank | 7.60 - 9.60% | ₹8,680 | ₹14,000/mo | 0.50% + GST |
| Canara Bank | 7.65 - 9.65% | ₹8,683 | ₹14,005/mo | 0.50% + GST |
| IDBI Bank | 7.65 - 10.50% | ₹8,683 | ₹14,005/mo | 0.50% + GST |
| Bank of Baroda | 7.70 - 9.70% | ₹8,685 | ₹14,009/mo | 0.50% + GST |
| Bank of India | 7.75 - 9.75% | ₹8,687 | ₹14,012/mo | 0.50% + GST |
| Union Bank | 7.80 - 9.80% | ₹8,690 | ₹14,017/mo | 0.50% + GST |
| PNB | 7.85 - 9.90% | ₹8,692 | ₹14,020/mo | 0.75% + GST |
| Central Bank | 7.90 - 10.00% | ₹8,694 | ₹14,023/mo | 0.50% + GST |
| South Indian Bank | 7.99 - 12.00% | ₹8,698 | ₹14,497/mo | 0.50% + GST |
| Karur Vysya Bank | 8.00 - 11.00% | ₹8,699 | ₹14,499/mo | 0.50% + GST |
| HDFC Bank | 8.50 - 16.50% | ₹8,722 | ₹14,537/mo | 1% + GST |
| Federal Bank | 8.99 - 12.00% | ₹8,745 | ₹14,575/mo | 1% + GST |
| IDFC First Bank | 9.00 - 14.00% | ₹8,745 | ₹14,575/mo | 1% + GST |
| Axis Bank | 9.75 - 17.00% | ₹8,780 | ₹14,634/mo | 0.25% + GST |
| Bandhan Bank | 9.99 - 14.00% | ₹8,791 | ₹14,652/mo | 1% + GST |
| ICICI Bank | 10.00 - 16.00% | ₹8,792 | ₹14,654/mo | 1% + GST |
| Kotak Mahindra Bank | 10.00 - 17.00% | ₹8,792 | ₹14,654/mo | 1% + GST |
| IndusInd Bank | 11.00 - 16.00% | ₹8,838 | ₹14,730/mo | 1% + GST |
| Yes Bank | 11.50 - 16.50% | ₹8,862 | ₹14,770/mo | 1% + GST |
The EMI for ₹1 Lakh gold loan at 7.5% for 1 years is approximately ₹8,676 per month.
You need a minimum monthly income of approximately ₹14,460 for a ₹1 Lakh gold loan at 7.5% interest rate (assuming no existing EMIs and 60% FOIR).
The lowest interest rate for ₹1 Lakh gold loan starts from 7.5% p.a. in 2026. Compare all banks above.
With a ₹30,000 monthly salary and no existing EMIs, your maximum gold loan eligibility at 7.5% for 1 years is approximately ₹2.07 L.
The total interest on ₹1 Lakh gold loan at 7.5% for 1 years is approximately ₹4K.