Check minimum income required for a ₹3 Lakh gold loan. EMI starts ₹26,027/month. Compare 24+ banks.
To get a ₹3 Lakh gold loan, you need a minimum monthly income of approximately ₹43,379 (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% | ₹26,305 | ₹40,470/mo | 1% + GST |
| Mahindra Finance | 11.00 - 20.00% | ₹26,514 | ₹40,791/mo | 1.50% + GST |
| Muthoot Finance | 12.00 - 26.00% | ₹26,655 | ₹41,008/mo | 1% + GST |
| Manappuram Finance | 12.00 - 26.00% | ₹26,655 | ₹41,008/mo | 1% + GST |
| SBI | 7.50 - 9.50% | ₹26,027 | ₹41,980/mo | 0.50% + GST |
| Indian Bank | 7.60 - 9.60% | ₹26,041 | ₹42,002/mo | 0.50% + GST |
| Canara Bank | 7.65 - 9.65% | ₹26,048 | ₹42,013/mo | 0.50% + GST |
| IDBI Bank | 7.65 - 10.50% | ₹26,048 | ₹42,013/mo | 0.50% + GST |
| Bank of Baroda | 7.70 - 9.70% | ₹26,055 | ₹42,025/mo | 0.50% + GST |
| Bank of India | 7.75 - 9.75% | ₹26,062 | ₹42,036/mo | 0.50% + GST |
| Union Bank | 7.80 - 9.80% | ₹26,069 | ₹42,047/mo | 0.50% + GST |
| PNB | 7.85 - 9.90% | ₹26,076 | ₹42,059/mo | 0.75% + GST |
| Central Bank | 7.90 - 10.00% | ₹26,083 | ₹42,070/mo | 0.50% + GST |
| South Indian Bank | 7.99 - 12.00% | ₹26,095 | ₹43,492/mo | 0.50% + GST |
| Karur Vysya Bank | 8.00 - 11.00% | ₹26,097 | ₹43,495/mo | 0.50% + GST |
| HDFC Bank | 8.50 - 16.50% | ₹26,166 | ₹43,610/mo | 1% + GST |
| Federal Bank | 8.99 - 12.00% | ₹26,234 | ₹43,724/mo | 1% + GST |
| IDFC First Bank | 9.00 - 14.00% | ₹26,235 | ₹43,725/mo | 1% + GST |
| Axis Bank | 9.75 - 17.00% | ₹26,340 | ₹43,900/mo | 0.25% + GST |
| Bandhan Bank | 9.99 - 14.00% | ₹26,373 | ₹43,955/mo | 1% + GST |
| ICICI Bank | 10.00 - 16.00% | ₹26,375 | ₹43,959/mo | 1% + GST |
| Kotak Mahindra Bank | 10.00 - 17.00% | ₹26,375 | ₹43,959/mo | 1% + GST |
| IndusInd Bank | 11.00 - 16.00% | ₹26,514 | ₹44,190/mo | 1% + GST |
| Yes Bank | 11.50 - 16.50% | ₹26,585 | ₹44,309/mo | 1% + GST |
The EMI for ₹3 Lakh gold loan at 7.5% for 1 years is approximately ₹26,027 per month.
You need a minimum monthly income of approximately ₹43,379 for a ₹3 Lakh gold loan at 7.5% interest rate (assuming no existing EMIs and 60% FOIR).
The lowest interest rate for ₹3 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 ₹3 Lakh gold loan at 7.5% for 1 years is approximately ₹12K.