EMI: ₹43,610/month at 8.5%. Min income: ₹72,684/month.
A ₹5 Lakh gold loan from HDFC Bank at 8.5% interest for 1 years will cost you ₹43,610 per month as EMI. You will pay a total interest of ₹23,320 over the loan tenure. The minimum monthly income needed is ₹72,684 (assuming no existing EMIs).
HDFC Bank Gold Loan EMI for ₹5 Lakh at 8.5% for 1 years is ₹43,610 per month.
You need a minimum monthly income of ₹72,684 for a ₹5 Lakh gold loan from HDFC Bank (at 8.5% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh gold loan from HDFC Bank at 8.5% for 1 years is ₹23,320.
HDFC Bank charges a processing fee of 1% + GST for Gold Loan.
HDFC Bank Gold Loan prepayment policy: Nil.