EMI: ₹8,722/month at 8.5%. Min income: ₹14,537/month.
A ₹1 Lakh gold loan from HDFC Bank at 8.5% interest for 1 years will cost you ₹8,722 per month as EMI. You will pay a total interest of ₹4,664 over the loan tenure. The minimum monthly income needed is ₹14,537 (assuming no existing EMIs).
HDFC Bank Gold Loan EMI for ₹1 Lakh at 8.5% for 1 years is ₹8,722 per month.
You need a minimum monthly income of ₹14,537 for a ₹1 Lakh gold loan from HDFC Bank (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹1 Lakh gold loan from HDFC Bank at 8.5% for 1 years is ₹4,664.
HDFC Bank charges a processing fee of 1% + GST for Gold Loan.
HDFC Bank Gold Loan prepayment policy: Nil.