EMI: ₹87,220/month at 8.5%. Min income: ₹1,45,367/month.
A ₹10 Lakh gold loan from HDFC Bank at 8.5% interest for 1 years will cost you ₹87,220 per month as EMI. You will pay a total interest of ₹46,640 over the loan tenure. The minimum monthly income needed is ₹1,45,367 (assuming no existing EMIs).
HDFC Bank Gold Loan EMI for ₹10 Lakh at 8.5% for 1 years is ₹87,220 per month.
You need a minimum monthly income of ₹1,45,367 for a ₹10 Lakh gold loan from HDFC Bank (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh gold loan from HDFC Bank at 8.5% for 1 years is ₹46,640.
HDFC Bank charges a processing fee of 1% + GST for Gold Loan.
HDFC Bank Gold Loan prepayment policy: Nil.