Check minimum income required for a ₹7 Lakh gold loan. EMI starts ₹60,730/month. Compare 24+ banks.
To get a ₹7 Lakh gold loan, you need a minimum monthly income of approximately ₹1,01,217 (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% | ₹61,378 | ₹94,428/mo | 1% + GST |
| Mahindra Finance | 11.00 - 20.00% | ₹61,867 | ₹95,180/mo | 1.50% + GST |
| Muthoot Finance | 12.00 - 26.00% | ₹62,194 | ₹95,684/mo | 1% + GST |
| Manappuram Finance | 12.00 - 26.00% | ₹62,194 | ₹95,684/mo | 1% + GST |
| SBI | 7.50 - 9.50% | ₹60,730 | ₹97,952/mo | 0.50% + GST |
| Indian Bank | 7.60 - 9.60% | ₹60,763 | ₹98,005/mo | 0.50% + GST |
| Canara Bank | 7.65 - 9.65% | ₹60,779 | ₹98,031/mo | 0.50% + GST |
| IDBI Bank | 7.65 - 10.50% | ₹60,779 | ₹98,031/mo | 0.50% + GST |
| Bank of Baroda | 7.70 - 9.70% | ₹60,795 | ₹98,057/mo | 0.50% + GST |
| Bank of India | 7.75 - 9.75% | ₹60,811 | ₹98,083/mo | 0.50% + GST |
| Union Bank | 7.80 - 9.80% | ₹60,827 | ₹98,109/mo | 0.50% + GST |
| PNB | 7.85 - 9.90% | ₹60,843 | ₹98,134/mo | 0.75% + GST |
| Central Bank | 7.90 - 10.00% | ₹60,860 | ₹98,162/mo | 0.50% + GST |
| South Indian Bank | 7.99 - 12.00% | ₹60,889 | ₹1,01,482/mo | 0.50% + GST |
| Karur Vysya Bank | 8.00 - 11.00% | ₹60,892 | ₹1,01,487/mo | 0.50% + GST |
| HDFC Bank | 8.50 - 16.50% | ₹61,054 | ₹1,01,757/mo | 1% + GST |
| Federal Bank | 8.99 - 12.00% | ₹61,213 | ₹1,02,022/mo | 1% + GST |
| IDFC First Bank | 9.00 - 14.00% | ₹61,216 | ₹1,02,027/mo | 1% + GST |
| Axis Bank | 9.75 - 17.00% | ₹61,460 | ₹1,02,434/mo | 0.25% + GST |
| Bandhan Bank | 9.99 - 14.00% | ₹61,538 | ₹1,02,564/mo | 1% + GST |
| ICICI Bank | 10.00 - 16.00% | ₹61,541 | ₹1,02,569/mo | 1% + GST |
| Kotak Mahindra Bank | 10.00 - 17.00% | ₹61,541 | ₹1,02,569/mo | 1% + GST |
| IndusInd Bank | 11.00 - 16.00% | ₹61,867 | ₹1,03,112/mo | 1% + GST |
| Yes Bank | 11.50 - 16.50% | ₹62,031 | ₹1,03,385/mo | 1% + GST |
The EMI for ₹7 Lakh gold loan at 7.5% for 1 years is approximately ₹60,730 per month.
You need a minimum monthly income of approximately ₹1,01,217 for a ₹7 Lakh gold loan at 7.5% interest rate (assuming no existing EMIs and 60% FOIR).
The lowest interest rate for ₹7 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 ₹7 Lakh gold loan at 7.5% for 1 years is approximately ₹29K.